You know the economy's been a bit of a roller coaster lately, right? When it comes to your compensation, that economic uncertainty means you've got to stay on top of things. The state of the economy directly impacts how companies determine compensation. So, if you want the inside scoop on what the current economic trends mean for your paycheck, you've come to the right place. In this post, we'll break down exactly how the economy shapes compensation strategies. We will look at trends in salaries, bonuses, benefits packages, and more. If you are aiming to boost your salary or a business owner... view blog & white papers details

Labor shortages occur when there simply aren't enough people to work in available jobs. However, the current labor shortage in the United States is unique. While there are plenty of people willing to work, the problem is that there aren't enough jobs that people want to do. The lack of workers has caused a big change. Now, employees have more negotiating power. This is especially true in industries where workers deal directly with customers. To address this shortage, businesses must adopt current practices. These can include implementing flexible work arrangements, offering competitive compens... view blog & white papers details

Let's be honest, when you search for a job the first thing your eyes are usually drawn to are the compensation and benefits on offer. Without the right compensation or benefits, you may find yourself swiping left on the job opportunity and moving on to the next one. This is a common story that highlights just how important it is for an employee to feel valued and appreciated for their work. If you're a business owner or manager, it's your responsibility to put together a compensation package that attracts and retains top talent. The good news for you is that you don't need to guess what employ... view blog & white papers details

A growing business means hiring more employees to keep up with demand. But with more staff comes more responsibilities as an employer, including providing overtime pay. You may think you have a handle on payroll, but do you really understand the laws around overtime pay and how they apply to your workers? If not, you could face penalties for violating labor laws. It's important to get up to speed on overtime pay regulations to ensure fair pay and stay on the right side of the law. This article will walk you through the basics of overtime pay, who qualifies, how it's calculated, and the federal... view blog & white papers details

Tim Freestone started out initially as a financial analyst in a large smash repairs, believe it or not, but has since spent his career in analytics. He left the world of forecasting balance sheets & income statements to progress into commercial analytics and then eventually into data analytics, where he lead an analytics team in a travel tech company. Through his career Tim has gotten great firsthand experience in being both a candidate and a hiring manager in analytics. It's this direct exposure to the myriad of issues in analytics hiring that led Tim to found Alooba, a skills assessment plat... view blog & white papers details

While on the road at the ADP Pro Summit in Dallas, Dwight and David talked about Dwight's past experience at Mayo Clinic working with quality analytics. This episode is a bit of a case study in process automation and how it can, in some cases, save lives. August 11, 2022 Time Stamps Contact Info Resources Quick Quotes Full Transcript Introduction Today's Topic: Process Automation Examining processes and recognizing what can be automated Manual processes can be time consuming and can use up valuable resources The importance of investing in change management Examples of b... view blog & white papers details

Robyn Rodriguez is the Founder and CPO of Her HR Help Desk, an HR consulting firm that focuses on supporting women-owned businesses, career women, female founders, and women in c-suite roles. In this episode, Robyn talks about the challenges that women leaders face and the strategies they can employ to overcome those challenges without burning out. May 16, 2024 Time Stamps Contact Info Resources Quick Quotes Full Transcript Introduction Welcome, Robyn! Today's Topic: Empowering Women Leaders in HR What unique contributions do women bring to HR? The power of leading with soft s... view blog & white papers details

Businesses nowadays find it hard to stand out in the competition. But there is a trick: core competencies. These are special abilities that a company is good at. They help the business grow and be better, make workers happy, customers excited, and the brand stronger. Understanding core competencies as a business owner or boss is crucial. Utilize these strengths for long-term success. What Are Core Competencies? A core competency is a skill a company has mastered over time, making them better than others. Some examples of core competencies are: Product innovation: A company that constantly impr... view blog & white papers details

Investing in a company and owning equity can be confusing. What does it mean to own equity? Equity is ownership of a company expressed through stock shares. Owning a portion of a company entails having equity in it. If a company performs successfully, it becomes more valuable. In turn, equity becomes more valuable too. The opposite is also true when the company struggles; equity can decrease in value. As per their ownership stake, companies allow equity holders to vote on key issues. Selling equity is one way for businesses to raise capital from investors to finance growth. Acquiring equity is... view blog & white papers details

Compensating employees for a job well done can go a long way. Rewarding employees and making them feel valuable can help boost productivity. That's where pay-for-performance compensation comes into the picture. Pay-for-performance compensation is a pay structure that's more common in the sales industry. But how exactly does this performance pay work? And how do you know whether it is right for your company? Read on and discover the secrets of pay-for-performance. Whether you're an employee, manager, or business owner, you'll find key factors to consider deciding whether this pay model is right... view blog & white papers details