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Does Every Business Need a Succession Plan?

Succession planning refers to the idea that the ability to fill key roles in an organization should not be left to chance—the succession should be planned in advance. From the CEO on down, a business should be prepared in advance with a plan of who might fill each key role when the time comes.

workplace

‘Hands-On’ Leadership: When the Boss Is the Problem

As of this writing, and with six female accusers, New York Governor Andrew Cuomo is forcefully denying all allegations that he wrongly touched women or was ever placed on notice that his words and conduct were offensive. With a sexual harassment investigation by the state attorney general under way and highly placed politicos from the […]

To All Working Moms, Happy Mother’s Day 2022

To all our readers, friends, and colleagues, Happy Mother’s Day! “Working mothers are essential to our country’s economic future and competitiveness,” says Jill Koziol, co-founder and CEO of Motherly. According to the annual State of Motherhood Study, 48% of mothers are dissatisfied with their employer’s lack of flexibility and paid time off—the number one reason […]

Aligning Reality with the Ideal: Diversity Exec Working to Bridge Equity Gaps

When Ellen Bailey, Senior Director of Diversity, Inclusion, and Belonging at Harvard Business Publishing Corporate Learning, was growing up, she remembers her parents telling her, “You can be anything you want.” She took that to heart when she was a kid, but when she grew up and started looking at the statistics, she found out […]

Retaining Employees During and After a Merger or Acquisition

Keeping top talent during a merger or acquisition is arguably critical to the transaction and the future success of the new organization. Yet retaining employees during times of transition can be challenging. In today’s job market especially, staff members may be inclined to jump the corporate ship in search of calmer waters.

Cracking the Code: Adding Bonuses to FLSA Overtime Calculations

The Fair Labor Standards Act (FLSA) requires employers to pay overtime to nonexempt employees based on their regular pay rate and the number of hours worked in a workweek. While this sounds straightforward on paper, employers commonly fail to realize that nondiscretionary bonus payments must be included in calculating the regular pay rate and, ultimately, […]

remote

Remote Work: 5 Best Practices for Effective Teambuilding

Just because your team is not operating in a single, centralized location does not mean you can’t develop strong bonds between collaborators. In fact, a distributed setup offers an array of possibilities to root team spirit in your company through processes, traditions, and events.

Build a Perfect Peer Group for Compensation Comparisons

Who’s in Your Peer Group?  The first thing to do is to decide which companies should make up your peer group, says Boyd. Should you compare to companies:  Against whom you compete for business? Whose revenues are approximately the same as yours? With about the same number of employees? In the same industry?   Isn’t there […]