Talent acquisition has changed in recent years. From the economy to the pandemic, to the possibilities afforded by technology. Here is a list of the current challenges the function faces: Not enough high-quality candidates Unemployment is unusually low. While great for the economy, it makes hiring top talent a challenging task. Increased competition With a smaller pool of candidates, organizations must compete to get the right talent. Employers must streamline their hiring process and improve their compensation ... view blog & white papers details

HR teams are constantly looking for ways to better understand their pay data to answer questions and solve problems. But diving into pay analytics is not always easy. This article will explore how to dig into the numbers in a meaningful way. It provides real-world examples and offers tips on how to break down and analyze pay data. With the right analytics approach, pay programs can move from art to science. So grab the spreadsheets and dive deep into pay analytics. Using Compensation Analytics to Benchmark Salaries ... view blog & white papers details

Creating a good compensation plan is a crucial part of a company's strategy. To do this, organizations consider factors such as the salaries offered by competitors in the same industry, their financial standing, and the productivity of each employee. Understanding these market factors is essential for making plans that help attract, motivate, and retain the best employees. > Economic Conditions The economy strongly influences how companies decide employee pay. When the economy is good, companies earn more and can offer higher salaries and better benefits. But when there is an economic downturn... view blog & white papers details

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