Creating a compensation package is the ultimate balancing act. You want to compensate your employees fairly while also considering affordability. Your package will likely provide earning opportunities that are market-based and reward results, along with excellent benefits to employees all while guaranteeing programs that make financial sense to your organization in the long
Hiring top talent in this day and age is a challenge. It will become a much more difficult challenge as recession looms, compensation rises, and business needs continue to change and evolve in a tight labor market. You’re not imagining these things and you’re certainly not alone in facing these hiring challenges. Economic uncertainty always prompts more cautious hiring
Every organization has a culture, however not all company cultures are positive, add value to the individuals and organization, or are thriving. A healthy culture has direct benefits for your employees and customer base which provide indirect benefits for your business by way of prosperity, productivity, and profitability.
There is one point we should clarify at the outset,
In many situations, how you start sets the tone for how things will progress and where expectations are. When it comes to hiring efforts, and more specifically retention, an employee’s onboarding process is crucial to their success and their future with your organization.
Onboarding is a window into your company’s values and beliefs. Your actions during the process help set
There are several key performance indicators used to measure and track the performance and possible direction of the U.S. labor market. Typically, one metric will explain or reinforce the changes of another data point. However, data from the first quarter of this year still leaves many a bit uncertain about where the labor market is headed.
If you like the 30,000-foot view,
The term “Great Resignation” created a lot of buzz in 2021 – and rightfully so. The level of job quits continued to trend upward throughout 2022 where the monthly average sat at 4.2 million people voluntarily quitting. The reasons spanned several professional and personal reasons, but the last couple of years have been all about quits and reshuffles. Despite organizations
Finding a perfect-fit hire depends on several different factors, ranging from the specific skills and experience that person would need to have to what kind of company culture an organization is leveraging in the search process. How organizations approach and progress through their hiring process is also impacted by various considerations.
When hiring for positions that are
A job description is one document within human resources and recruitment that is often misunderstood. Whenever the purpose and design of a tool are missed, its application effectively becomes useless. Some regard it synonymously with a job posting oroffer letter, which is not at all the case. More often, it’s not updated regularly or used consistently – which can create
Finding and retaining top talent is a main driver that continues to reshape the economic landscape and ongoing business recovery post-pandemic. The impacts are evident in employment data and U.S. labor market analysis, but it doesn’t tell the full story. To better understand and navigate this terrain, we conducted our first Hiring Pulse Survey to gather insight from business
When it comes to corporate culture, it is often difficult to define and much harder to build. Culture is commonly understood as the collective behavior, attitudes, and beliefs of individuals within an organization. It encompasses both formally stated norms and the implicit ways in which people collaborate and engage with one another.
Too often there is a gap between the
