Practical HR Tips, News & Advice. Updated Daily.
Attracting and retaining high-performing workers—always a challenge—has become a struggle for many employers, leading them to rethink the perks they offer. Some are happy to offer free snacks, others hope to lure people with the promise of generous time-off policies. Do some employees want to bring their pets to work, take time off to help […]
The importance of work-life balance and flexibility in the workplace has become increasingly important for today’s workforce. One critical aspect of this balance is the growing cost of childcare, which has become a significant financial burden for many families. Recent data reveals that childcare prices, when adjusted for inflation to 2022 dollars, range from $4,810 […]
During an economic downturn, job hunters usually search for the highest-paying position, but when deciding between offers with comparable pay, they might overlook salary and choose the role with the best benefits. The full range of benefits—health insurance, retirement plans, career advancement, and parental leave, among others—may be of the utmost importance. Do these perks […]
Yesterday, we got some insights from Chuck Csizmar of CMC Compensation Group about the importance of having a formal compensation strategy document at your organization. Today, we’ll look at the rest of his “Top 8” list of design considerations, plus some final strategies for success.
You may already have a mission statement in place at your organization. But do you have a formal compensation strategy document—a comp-specific mission statement, in other words? You need one, says Chuck Csizmar of CMC Compensation Group. Read on to find out why.
Beyond health insurance and retirement benefits (covered in previous surveys), the number one perk provided by the employers responding to our survey was paid holidays, with 91% percent of them offering it. Other highlights: Flextime is offered by 53% of respondents. About 33% relax their dress code in the summer, at least for some employees. […]
One of Friedman, LLP’s best recruiting tools is a policy giving employees Fridays off during the summertime, according to Michael Gaines, Human Resources partner for the New York-based accounting, tax, and consulting services firm. From Memorial Day through Labor Day, all 325 staff members in Friedman’s (www.friedmanllp.com) four offices in New York City, New Jersey, […]