by Kevin | Mar 19, 2023 | Human Resources
Retaining employees is a key challenge for any organization. After all, the cost of replacing an employee is much higher than the cost of keeping them. That’s why any organization needs to have a strategy for employee retention. One such strategy is using employee...
by Kevin | Mar 8, 2023 | Uncategorized
As a business owner or manager, it’s essential to recognize the importance of rewarding and recognizing employees. While some rewards, such as monetary bonuses and stock options, are extrinsic, you can offer several intrinsic rewards that are often more effective in...
by Kevin | Feb 15, 2023 | Human Resources
Pay transparency has been drawing attention in recent years. This allows employees to be aware of the company’s pay structure and how much their colleagues are paid, helping them understand their value within the organization. It also creates a sense of...
by Kevin | Feb 8, 2023 | Human Resources
The economic uncertainty and labor shortages impact the executive pay outlook for 2023. From an HR analytics standpoint, this uncertainty makes it difficult to accurately assess and predict executive pay trends. Let us discuss the current stand on executive pay and...
by Kevin | Jan 18, 2023 | Uncategorized
The average US pay increase is expected to hit 4.6% in 2023, according to a recent survey from the Bureau of Labor Statistics. This increase is slightly higher than the 3.2% that was projected in 2019. It is expected to be a result of the current low inflation rate,...
