Employee Benefits: Traditional & Creative Trends
Several trends in traditional and non-traditional benefits are transforming the HR and benefits landscape. As technology advances and employee expectations shift, companies must adapt to retain top talent.
Organizational Changes to Improve Engagement
Employees stay at companies where they feel valued and safe. Employees leave companies where they feel discounted, taken advantage of, or disconnected from managers and co-workers. Increasing the engagement and retention of good employees can propel a company’s success, allowing leaders to focus on proactive strategies instead of reactively putting out fires. While some more […]
Employee Retention Ideas
Most employers have felt the impacts of the tight labor market. Employees have been resigning at a rate of over 4 million per month for over a year. Low unemployment rates continue across the country. The labor market participation rates are reduced by 8 million employees due to factors like COVID, immigration, and employees who […]
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 […]
5 Steps to Hiring & Retaining Talent
I was recently sharing a cab with the business owner of a print manufacturer heading to an industry conference where I was slated to be a presenter on workforce trends and solutions. He turned to me and said, “Ok, then tell me… where the heck did everyone go? Where are the workers and how do […]
Employee Engagement During COVID
In addition to a tight labor market and increasing wages, employers are dealing with employee “bored out” (chronic boredom leading to feeling totally meaningless) and “the big quit” (with 4 million people quitting their jobs in April 2021 alone), while also trying to balance client demands and the changing business environment. Making an effort to […]
