The typical employer answer is “employees must be paid for all hours they work.” Good news – That answer is right! Bad news – That answer is very incomplete! Here’s why that answer is very incomplete. It needs to address…
The typical employer answer is “employees must be paid for all hours they work.” Good news – That answer is right! Bad news – That answer is very incomplete! Here’s why that answer is very incomplete. It needs to address…
No organization purposely seeks to create headaches for itself when it comes to payroll. However, this basic function is often a source of major problems, including employee relations & legal ones. ➡ Want to aggravate employees? Don’t pay them what…
If your company is like many other small and mid-sized businesses, your employees represent your organization’s: Largest (or 2nd largest) line item expense and Your most valuable asset This means your company’s productivity and profitability depend on having your employees…
For 2015, base salary increases are projected to be 3.0% across almost all industries. The two exceptions are: The oil and gas industry projection is higher–4.0%. Hospital employees are expected to be lower—2.0%. 2015 will mark the 4th consecutive year that…
Do you know the answer? Are you confident that your answer is correct? The only way this very important question can be answered with a high degree of accuracy is if your organization periodically conducts a thorough market compensation analysis.…
As leaders we may choose not to use the word “criticize” and instead to substitute the word “coach” or “feedback”. However, regardless of semantics, a role that leaders cannot avoid is to point out to those who work for you…
Incentive compensation can be a great way for an organization to incent employees to work to the best of their individual abilities and to work together collaboratively. Both of these in place greatly enhance an organization’s likelihood of achieving or…
Recently, a study of pay increase planning for 2014 was conducted of more than 4,500 companies, with the following breakdown by # of employees. The key findings of the survey are shown below: Pay Increases in 2014 88% of all…
If you have had employees under you for any substantial length of time, you have probably had someone who did not perform to the level they needed to. When this takes place, we as managers (regardless of our level or…