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In a volatile and uncertain labor environment, it is important to make decisions based on facts and backed up by …
We saw the first confirmed cases of COVID-19 in the US back in late January and lockdowns became widespread by …
The pandemic has changed the content and meaning of every job in the economy. Job descriptions are the way we document and mange those change.
Just like how ship needs a captain to guide it, every business needs human resource management to navigate through challenges. From finding better ways to …
These days, compensation packages are crucial. They determine not only how much money someone gets for their job but also include various benefits and bonuses …
Compensation is a hot topic in the business world these days. With new trends emerging, companies are taking a hard look at how they pay …
You know how it goes. You work hard, putting in long hours and really giving it your all. But when it comes to your annual …
You’ve heard the term “pay compression” tossed around at work. It’s when newer employees earn the same as more experienced staff, leaving everyone feeling undervalued. …
You walk into work and overhear your coworkers chatting about the new paid time off (PTO) policy. Unlimited PTO — no restrictions on how much …
In the workplace, there are various different roles, each with distinct focuses. Some roles are task-oriented, while others emphasize leadership. Understanding the differences between these …
There’s no doubt how a good compensation plan affects the company’s operation. And simply creating a good pay plan will not suffice. Companies should also …
To understand equity compensation, take a look first at what equity means. Equity is the share or stock in a company that employees receive as …
Compensation management is going through a radical revolution, thanks to progress in artificial intelligence (AI). From personalized pay to removing bias, AI is changing how …
When summarizing and describing a set of numbers, there are two key concepts that are good to know: the mean and the median. While they …
Compensation is often a significant topic in the room that no one wants to discuss. However, companies that fail to manage it effectively are heading …
When it comes to compensation, the base salary is the foundation that supports the whole structure. For employees, it is the minimum amount they can …
Have you ever felt that your compensation doesn’t match that of your coworkers with similar experience and duties? You’re not alone. Employees face pay equity …
Hiring temporary employees can be tricky. But for many businesses, bringing on extra help for a short period makes good financial sense. The key is …
Budget overruns, cost creep, scoop increase—whatever you call it, going over budget on a project stings. Companies can either overestimate or underestimate costs, or a …
Many companies are making the shift to performance-based pay systems. This new pay system links pay to measurable achievements. However, do these systems really motivate …
Companies are always finding new ways to keep their employees motivated and involved. One important method they use is incentive plans. These plans are crucial …