When it comes to hiring new employees, most companies look at the bottom line. How much will it cost to find, recruit, and onboard new team members? Knowing your cost per hire tells you how much you're investing to bring in new talent. Read on as this article uncovers what this metric means, why it's important, and how to calculate it for your business. What Is Cost Per Hire? Cost per hire (CPH) is a crucial metric for companies to track. It measures the total amount spent hiring a new employee, including both internal ... view blog & white papers details

Hiring is expensive and time-consuming. A lot of resources go into finding the perfect candidate, someone who fits the company culture, and has the necessary skills. And after a few months, that promising new hire resigns, which is incredibly frustrating. The reason may be unexpected: it is not always due to a low salary or a difficult manager. Often, the real issue is an outdated job description. This seemingly minor document outlining responsibilities may be the one causing problems for both the company and new hires. A well-written job description is like a roadmap. It directs emplo... view blog & white papers details

In business, communication is key. One way to streamline communication is through abbreviations—shortened forms of words or phrases, often used to save time and space. This article will crack the code of the various abbreviations commonly used in the workplace, including their meanings, when to use them, and how they can improve communication. Choosing the Right Time for Abbreviations in Business Talk Abbreviations come in handy in written communications, such as emails, reports, or memos. They make it quicker to sh... view blog & white papers details

Working remotely opens a whole new world of possibilities, from being able to travel while working to avoiding the daily commute. But it introduces new complexities as well when it comes to taxes. Where you live versus where your employer is based can have major implications on how much you pay in taxes and where you need to file and pay them. That is why it is so important to understand the tax rules for working remotely, whether it is 100% of the time or just occasionally. This article breaks down the key things you need to know about how remote work impacts your taxes, from figuring out you... view blog & white papers details

Business is a team of people working together for a shared goal. The better these people work as a team, the more successful the business becomes. Think of collaboration as the force that moves the business forward and business skills as the tools that ensure everything runs well. Regardless of your job or industry, having good business sense is essential for success. This guide talks about the core competencies everyone in business should have and offers tips on how to improve your understanding of business. Exploring ... view blog & white papers details

The digital age is here to stay, and it's changing how people work in previously startling ways. New tools like video calls and AI are making a big difference. Challenges may be there, but these changes can make work better. Read on and explore how digital transformation affects the employee experience. Is it for the better? Or does it make it worse? Find out. Understanding Employee Experience Employee experience is how people feel about their time working at a company. It covers all their experience from job application to their retirement. A positive employee experience is essential for both... view blog & white papers details

To ensure that employees receive a fair and competitive salary is a key priority for every hiring manager. It is essential to attract talented workers and make sure they are fairly paid for their efforts. Setting up proper salary ranges helps achieve these aims. In this article, explore what salary ranges are, why they matter, and how to calculate them. What Are Salary Ranges? Salary ranges are the pay levels used to decide how much to pay an employee for a specific job. Each range includes a minimum and maximum salary for a position. When setting these pay grades, you need to consider factors... view blog & white papers details

Business goals require regular planning and adjusting. Within this planning should be scheduled compensation reviews to ensure they remain effective and aligned with the needs of your business. Compensation management and alignment is an unmissable step in business planning. How you’re paying your employees will determine whether you’re remaining competitive in the market and attracting and retaining top talent. In this article, we’re going to explore how to schedule regular compensation reviews, company budgets, and the checklist of focal points in your review. Identifying Your Business Needs... view blog & white papers details

In the world of compensation management, 2024 is shaping up to be a year of big changes. From pay transparency laws to new approaches for variable pay, companies will need to stay on top of emerging trends. Staying up to date with the new trends is vital for attracting and retaining top talent. This article explores pay developments shaping HR strategies and priorities in 2024 and beyond. Whether it is rethinking pay equity analysis or utilizing pay data analytics, this year promises exciting innovations. And these changes will transform how companies think about rewarding performance. The Lat... view blog & white papers details

As companies try to find the best talent, it is important to make the recruitment process as smooth and efficient as possible. This is where candidate talent sourcing tools play an essential role. These tools not only make the process easier but also make it faster, which can help you find the right candidates for your company. Keep reading to find the best talent sourcing tools in 2024. What Is a Talent Sourcing Tool? A talent sourcing tool is like a special computer program or platform that helps you gather and organize potential job candidates. It is super handy for companies that prefer to... view blog & white papers details