You’re probably sick of hearing about the candidate-driven market, and for good reason—it’s a constant reminder that you’re unable to fill empty seats. This is a new millennium, which means the strategies you were using in the past just don’t cut it today. As research from Worldwide ERC points out, “Be prepared to do things […]
Tag: pay increase
Employee productivity is vital to your business’s success. Increasing employee productivity requires small business owners to motivate and engage their workers. If you’re a small business owner looking to ramp up productivity, you may face significant resource limitations. Driving productivity gains isn’t necessarily simple. Consider these five key tactics:
Let’s face it: HR managers, like just about every professional today, have more data than ever to manage. They’ve got employee reviews, acceptance letters, salary and promotion information, personal documents, and loads of other information to sort, compile, track, aggregate, collate, and tabulate. There are a lot of apps out there targeted toward HR professionals […]
Picture two very different types of employees: One is chipper, polished, and eager to throw himself or herself headfirst into his or her work every day; the other is bleary-eyed, lethargic, and may have pressed snooze one too many times this morning. While both archetypes certainly exist within the American workforce, the latter stands out […]
With hiring about to pick up, this is a great time for a refresher on employers’ obligations under the Equal Pay Act (EPA), brought to you by the U.S. 7th Circuit Court of Appeals—which covers Illinois, Indiana, and Wisconsin.
A few weeks ago, I wrote an article about compensation practices that included a brief look at pay approaches including single-rate pay, step-based pay, and a slew of pay differentials. Taking it a step further, this article is about pay actions and explains the types, why they occur, and how they’re communicated to employees.
Base salary isn’t the sole driving force for most workers when considering a job offer, according to a new report from Hays, the world’s largest specialist recruitment agency. While salary remains the biggest consideration, it is outweighed by the combination of benefits, company culture, and career growth when deciding whether to accept a job offer […]
The labor market is tightening and turnover is increasing, but banks are planning to grow employment, according to data from the Crowe Horwath LLP 2017 Bank Compensation and Benefits Survey. Crowe, a public accounting, consulting, and technology firm, conducts the annual survey, now in its 36th year. The survey, which compiled data from 375 banks, […]
The low unemployment rate, coupled with a looming labor shortage, has resulted in organizations having to work much harder to attract and retain top talent. In its annual 2017 Salary Guides, Randstad US, an HR service and staffing company, provides job seekers with insight into how their compensation stacks up with others and helps employers […]
Seasonal and permanent workers are expected to take home bigger paychecks in the fourth quarter as the push for better wages and the increased competition for skilled labor remain hot issues for employers.