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The 9 Steps to Solving Pay Compression

Pay compression is particularly difficult to address in times of economic hardship, says Wudyka, but there are steps you can take to eliminate it. Wudyka is managing principal of Westminster Associates in Wrentham, Massachusetts. His tips came during a recent webinar sponsored by BLR. 1) Revisit/rebuild “grade structure.” The first thing we can do is […]

Preparing for Employee Turnover

In a previous post, we discussed the challenges that come with employee turnover and that those challenges aren’t limited to top-level executives. At any level, employee turnover means losing someone with institutional knowledge, the potential to sidetrack or at least impede progress on ongoing projects, and forcing employers to spend months onboarding replacements.

wellness

4 Ways to Pay for a Financial Wellness Program

More and more companies are adding workplace financial wellness programs – and for good reason. Employees who aren’t worrying about financial problems on the job tend to be more focused, productive workers. A new survey says 83% of employers now offer financial wellness programs (up 20% from two years ago), and 14% plan on offering […]

experience

Employers Are Failing at the Employee Experience

While there is a lot on everyone’s mind these days due to COVID-19, new survey findings reveal that the employee experience is the farthest thing from employers’ minds, as only 17% of respondents say their employers offer an “exceptional” experience.

Technology

Today’s Generation is Changing Employee Benefit Packages of the Future

I try not to use the “Millennial” label. It feels wrong to generalize about groups that include millions of people and I can’t help but detect some age discrimination, even if subtle or unintentional, in pronouncements about behavioral differences in various age groups. Evolution took hundreds of thousands of years; I don’t think we’ve drastically […]

feedback

Acronyms and Employee Performance: List Goes On and On

Acronyms are quick and useful abbreviations that allow us to recall lists, speeches, important facts, or procedures through the use of one word or short phrase. Such shortcuts are common in the world of employment, too, and just as useful. TIPS and tricks Acronyms are one of the oldest tricks in the book when it […]

HR Audit: A Measure of Success

Not unlike an annual employee performance evaluation, an HR or employment law audit provides an objective means to measure the effectiveness of HR functions with respect to productivity, efficiency, and morale, among others. As a risk-management tool, an audit can identify obsolete or ineffective practices and flag compliance issues. In fact, employment practices liability insurance […]

turnover

High Turnover in 2020 Attributed to ‘Not Being Heard’

As if HR professionals and recruiters didn’t have enough to worry about this year, new survey findings show that roughly 64% of workers plan on leaving their current positions in 2020 and cite a “lack of being heard” as the main reason.