Everyone aspires to earn more money, making performance-based compensation an attractive proposition at first glance. Employees are remunerated for the results they deliver, so the harder they work, the larger their paycheck. This concept, also known as results-based pay, outcome-based remuneration, or performance-driven salary, has been shown in some studies to increase productivity by up to 44% - a result attributable to the "incentive effect." However, there are significant downsides to performance pay, such as incentive-based compensation, pay-for-performance, or merit-based pay, that HR p... view blog & white papers details

Over the past decade, we've seen movements such as Black Lives Matter and #MeToo. People want justice for George Floyd. Others are revolting about the unaffordability of housing and demanding an increase in the national minimum wage. We are witnessing a huge push for equality in society, and businesses should be conscious of this. Clutch conducted a survey and found that 68% of customers value social responsibility as the most important attribute when supporting a company. SurveyMonkey surveyed consumers of which 73% said pay equity and fair labor practices are extremely important to them. Fur... view blog & white papers details

In today's fast-changing business world, risk management has become necessary, not an option. Human Resource (HR) leaders believe that risk management is no longer an afterthought. They see it as a core competency needed for daily processes and planning. Embedding risk management into HR functions allows detecting issues ahead. In an era of disruption, failing to focus on risk management is the biggest risk of all. What is Risk Management in HR? Risk management in HR involves identifying potential threats to human resources. It also includes creating strategies to mitigate these risks. HR dep... view blog & white papers details

Highlights Salary.com’s Pay Equity Pulse Survey data. view blog & white papers details

Highlights Salary.com’s Pay Equity Pulse Survey data. view blog & white papers details

Zoe Switzer has been working with Jeni's Splendid Ice Creams for over five years. Jeni founded her company with an amazing amount of bravery and entrepreneurial spirit, and now that it's grown and spread across the nation, Zoe's helped ensure that Jeni's original values and vision continue to inspire each and every employee. In this episode, Zoe talks about her role and Jeni's and how she's been able to approach HR with a creative and community-driven mindset. August 26, 2021 Time Stamps Contact Info Resources Quick Quotes Full Transcript Introduction Welcome, Zoe! Today's Topi... view blog & white papers details

Employees are the most valuable asset at any company. Employees create and sell the company’s service or product, manage customer interactions, create company culture, and are the face of the brand. Onboarding and training of new employees comes at great expense, and losing seasoned and top-performing employees is even more costly. That is why it is key that HR professionals understand the factors that contribute to flight risk, and what they can do to minimize flight risk within their organization. What Does It Mean if An Employee Is a Flight Risk? At Salary.com, we define flight risk as the ... view blog & white papers details

How much must an employee earn for doing a dangerous job? Working in hazardous conditions can frequently put an employee's life or health at risk. For this reason, companies must offer them extra compensation known as hazard pay. Only a few may be familiar with this type of additional pay. Hazard pays aims to compensate employees for accepting and performing perilous job duties. While the concept seems basic, deciding how much hazard pay is suitable can be complicated. This article breaks down the basics of hazard pay and how companies calculate it. It will explore industries that commonly of... view blog & white papers details

Engaging in executive coaching takes courage. There are no assurances when senior management hires a consultant from the outside to assist in molding and growing a high-level leader. It is a risky method with major upside potential and significant downside risk. Executive coaching can aid leaders to know their full potential, fix their flaws, and soar to new heights of success. Their team, or the whole company, benefits from this growth and development. There is also a potential that executive coaching will bring to light deeper problems and anomalies. Additionally, it may bring about adverse... view blog & white papers details

Minimizing flight risk using Compensation Planning Software Step 1. Identify potential flight risk employees. Step 2. Understand their motivations. Step 3. Show appreciation. Step 4. Prioritize employee development. Step 5. Conduct one-on-one meetings. Step 6. Benchmark compensation. Step 7. Create a positive work environment. Step 8. Implement retention strategies. Step 9. Communicate and be transparent. Step 10. Monitor and adjust. Ensuring the stability of a successful organization involves retaining valuable employees. The challenge of flight risk, where employees may leave, requires strat... view blog & white papers details