Understanding Total Comp & Total Cash Comp
As strong demand for qualified workers continues to be a challenge for employers in 2023, compensation remains at the forefront for businesses trying to retain and recruit talent. Having a better understanding of compensation can ensure you spend your dollars wisely and are able to communicate the true value of your employees’ compensation with clarity. […]
Compensation Planning Basics
Understanding compensation is critical to staying competitive in today’s volatile labor market. Real wage growth is a concept that is particularly important. Real wages/income is calculated by dividing the current wage by 1 plus the current inflation rate. For an employee currently making $40,000, the individual’s real income is reduced to $36,866 when the current […]
4 Real Life HR Lessons to Learn From
The workplace has its fair share of scary stories. By bringing them to light, we hope they can become important lessons on what to do and not do. Unwelcomed birthday party cost employer $450,000: Knowing that the company celebrates employee birthdays, an employee asked the office manager to not throw him a party. However, the […]
Quiet Quitting in Your Workplace
“Quiet quitting” started as a TikTok video describing how one employee was finding work-life balance by changing how they approached their job without actually quitting. The now-viral video has generated numerous articles and news stories, many with different takes on what “quiet quitting” actually means. Some of these theories include: Employees are setting boundaries: The […]
Labor Market Overview
The following labor market summary was prepared by Susan Pale, Vice President of Compensation. Where has 2023 gone? It’s a question I keep asking myself, and I’m guessing many of you are asking the same thing. It seems we were just ushering in a new year. But a lot has happened – inflation rates are […]
What Do All Those Comp Terms Mean Anyway?!?
Welcome to Compensation 101 where we define and give examples for those boring compensation terms we throw around all the time. You’ve heard a lot of them recently and probably experienced some of them, too, as we navigate through a volatile, often unexplainable, labor market. Let’s begin with the basics! Compensation Strategy Developing and implementing […]
What Do You Need to Pay a Non-Exempt Employee?
A recent story reported that Delta Airlines will begin paying flight attendants half-time for boarding duties, a change from the industry-standard of only paying once the doors close. Delta is implementing this change to stave off a push to unionize their flight attendants. However, it raised a critical question for many people – are there […]
Compensating Your Sales Force
By now your sales force is through the first quarter of 2022. For a lot of organizations, 2020 was a terrible sales year and 2021 brought record sales. So what will happen in 2022? Affinity HR Group doesn’t have any crystal balls, but we do have some ideas about how to be best prepared to […]
Battling the Big Quit
The current trend known as “the Big Quit” or “the Great Resignation” is expected to continue into 2022. In 2021, a monthly average of 3.95 million workers quit their jobs for various reasons as indicated by different reports and polls. Joblist conducted a survey which indicated dissatisfaction with how their employer treated them during COVID-19, […]
Regulatory & Compliance Trends
Trends and legislative agendas indicate that employers are facing some new challenges in 2022 while battling old ones. When possible, it is critical that businesses prepare for these changes in advance of implementation. Below are some major regulatory and compliance trends we are watching as well as some actions we recommend taking throughout the year. […]
