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4 Tips for Your Compensation Planning from the Banking Industry

It’s no secret that the recession of 2007/08 resulted in an array of new regulations, especially in the financial services arena. Banking, especially, became subject to new regulation intended to avoid the circumstances that originally led to the recession. The regulation doesn’t end with your mortgage loan or bank money market account. We spoke with Kathy Smith, President of Bank Compensation Consulting to find out how the industry’s highly regulated environment has led to creative compensation solutions—many of which can apply to any industry.

3M Weighs in on Diversity and Inclusion

According to a BLS report, unemployment among those with a disability was 8.0% in 2018, which is more than double the average unemployment rate for those without a disability (3.7%). With so many potential employees being left behind, it’s more important than ever for organizations to make an effort to bring such people on board […]

Compare Your Training Stats to Our Annual Survey

Training Methods Our survey shows the following methods used regularly for training employees. In the coming years, 86% expect to use more online training, and 68% plan to utilize more in-person sessions conducted by the HR staff. More video/DVD and mobile/tablet-based materials will be used by 51%, and more telephone/audio conferences will be utilized by […]

The 7 Most Common Mistakes in Sales Recruiting

Lacking a system to recruit top talent from outside your industry Hiring salespeople who can sell instead of those who will sell Not knowing how to identify superstar sales candidates Not asking the right questions at the interview Hiring to availability instead of for excellence Not having a great employee referral system in place Advertising […]

minimum wage

Can Local Governments Set Higher Minimum Wage Than the State?

Throughout the country, much has been made of varied initiatives to increase the minimum wage from its current level under federal law to higher levels. Many commentators frequently propose $15 an hour as the new minimum wage, and some municipalities throughout the country have enacted local ordinances to push their minimum wage higher than the federal […]

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Speeding up the Hiring Process

The job market changes every day, especially when you consider how low unemployment levels are. If you are like most companies, you probably need talent, and you need them yesterday. Today we’ll look at how you can speed up the overall process.