Compensation is a crucial factor in attracting, retaining, and motivating employees. It is the payment or remuneration given to employees in exchange for the services they render. The amount of compensation that an employee receives depends on various factors, and understanding these factors is essential for employers to design fair and competitive compensation packages. In […]
May 03, 2023
Apr 12, 2023
Human resource diagrams are visual representations of organizational structures, job descriptions, and other HR-related information. They are designed to help HR professionals, managers, and employees understand the various roles and responsibilities within an organization, and how they fit together. Human resource diagrams can take many forms, from simple flowcharts to complex diagrams that show the […]
Apr 05, 2023
Executive compensation is a crucial aspect of any organization as it determines the quality of talent it attracts and retains. The compensation package for an executive is based on several factors, ranging from the complexity of the job to the capacity of pay and organizational philosophy. Let us discuss them in detail. 6 Important Factors […]
Mar 19, 2023
Retaining employees is a key challenge for any organization. After all, the cost of replacing an employee is much higher than the cost of keeping them. That’s why any organization needs to have a strategy for employee retention. One such strategy is using employee surveys to understand better what employees want and need. When done […]
Mar 08, 2023
As a business owner or manager, it’s essential to recognize the importance of rewarding and recognizing employees. While some rewards, such as monetary bonuses and stock options, are extrinsic, you can offer several intrinsic rewards that are often more effective in motivating and engaging employees. In this blog post, we will discuss intrinsic rewards and […]
Feb 15, 2023
Pay transparency has been drawing attention in recent years. This allows employees to be aware of the company’s pay structure and how much their colleagues are paid, helping them understand their value within the organization. It also creates a sense of integrity and equity within a team. Besides, it also helps reduce recruiting costs. Do […]
Feb 08, 2023
The economic uncertainty and labor shortages impact the executive pay outlook for 2023. From an HR analytics standpoint, this uncertainty makes it difficult to accurately assess and predict executive pay trends. Let us discuss the current stand on executive pay and the potential outlook for 2023. The Impact of Uncertain Environment on the Current Executive […]
Jan 18, 2023
The average US pay increase is expected to hit 4.6% in 2023, according to a recent survey from the Bureau of Labor Statistics. This increase is slightly higher than the 3.2% that was projected in 2019. It is expected to be a result of the current low inflation rate, as well as the tight labor […]
Jan 11, 2023
In today’s globalized, hyper-connected workforce, trust and transparency are crucial. A modern employee directory is a perfect tool to facilitate these aspects. Read on to learn more about the modern employee directory and its benefits in the workplace. A Modern Employee Directory Connects All Your Employees A modern employee directory is a powerful tool for […]
Dec 14, 2022
Difficulties with employees, absenteeism, poor quality work and other performance issues are bad for organizational success. It’s important to have a proactive strategy to manage these problems long before they occur and force you to terminate the culpable employee. For most successful organizations, a holistic performance management plan is the right approach. Keep reading for […]