5 Hiring Tips for Startups

Startups Should Highlight Advantages to Overcome Hiring Challenges How Startups Can Hire More Effectively You just got funded, congratulations! By now, you’ve likely accepted the condition of working with limited resources as the price for entrepreneurship. It’s not typical to receive carte blanche from your investors when it comes to paying yourself or your people.

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5 Ways to Productively Reject Employee Raises

How to Constructively Turn Down Someone Who Doesn’t Deserve a Raise What to Do When Average Doesn’t Cut It No doubt about it, your team is working hard. But one day, an employee pops into your office and subsequently asks for a raise. He’s a fairly good worker, but frankly he hasn’t done anything extraordinary

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Should You Hire the Honey Badger?

Honey Badger Don’t Care, But You Should The Honey Badger has developed a nasty reputation over the past couple of years, but does that make him unemployable? The Honey Badger recently applied for an Inside Sales position with Salary.com. In compliance with the EEOC, we at Salary.com have assessed the candidate’s qualifications against the 28

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Tips for Negotiating Salary with Your Employees

Employers benefit from having both formal performance review and compensation review cycles. Many companies have a semiannual performance review cycle. One of the two reviews often coincides with the normal annual salary review while the other is used sparingly for special or off-cycle salary adjustments. This formal process is helpful because it allows the employer

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6 Ways to Defend Against Compensation Discrimination Claims

A Review of The OFCCP’s Compensation Directive 307 The Heat is On! Since the February 27, 2013 release of the latest iteration of the OFCCP’s stated procedures for investigating compensation discrimination (i.e., Directive 307 – effective February 28, 2013), there has been no shortage of webinars, blogs, and warnings from consultants and attorneys alike, providing

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6 Questions about Job-specific Competency Standards

Competencies Help Determine Skills & Qualifications for Every Position The Importance of Competencies During a recent webinar about competencies, two points really stood out: competencies can be an integral part of performance management systems, and, you don’t have to expend time and energy building competency models from scratch. Not when we for Business can do that

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How to Get Your Employees to Stop Bickering

Conflicting Personality Styles Could be the Cause of Workplace Strife Managers, Not Babysitters Research shows that 60-80% of trouble in the workplace is due to strained relationships among employees, not from issues with their skills or motivation. Not surprisingly, as a result, typical managers spend 25-40% of their time dealing with conflicts. No one wants

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Option Grant Practices in High-Tech Companies

Until it became common practice in the last decade to offer stock options to a relatively broad spectrum of employees, most people were content to receive stock options at all. Now, more savvy about compensation if bruised by the market downturn, employees more typically wonder whether the options they are offered are competitive with what

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A Sample Stock Option Plan

The intent of this article is to explain the components of an Employee Stock Option Plan to Human Resources professionals and managers that may need to explain the complexities of a plan to employees.  Stock option plans are the large contracts that govern stock options programs. Stock option agreements are the individual options grants, vesting

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About Stock Options

About Stock Options One of the biggest challenges facing employers is recruiting and retaining qualified, dedicated employees. Over the past decade, with unemployment levels low and the economy doing well, one of the ways businesses in many industries were recruiting the best possible talent and keeping those employees happy was by offering stock options. For

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Chief Executive Officers’ Compensation

It Starts With the CEO Chief Executive Officers (CEOs) get paid lots of money for being the top employees in the company. Why do they get paid so much? Like athletes and actors, CEOs provide a level of talent that is required to produce the desired product – in this case, a strongly performing company.

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How to Write an Effective Job Description

Making the Job Description Clear Will Help to Hire the Best Employees The Importance of Job Descriptions Descriptions of job titles appear in a variety of forms in the workplace. Recruitment ads, compensation surveys and other benchmarking tools, as well as corporate or departmental development plans all use some method of describing a job. The

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9 Tips for Establishing Pay Structures

Pay Structures A company’s pay structure is the method of administering its pay philosophy. The two leading types of pay structures are the internal equity method, which uses a tightly constructed grid to ensure that each job is compensated according to the jobs above and below it in a hierarchy, and market pricing, where each

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7 Ways Your Pay Philosophy Attracts Top Talent

A Good Pay Philosophy Attracts, Retains, and Motivates Employees What are Pay Philosophies? A pay philosophy is a company’s commitment to how it values employees. A consistent pay philosophy gives the company and the employee a frame of reference when discussing salary in a negotiation. The goal of a pay philosophy is to attract, retain,

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A Prescription to Improve Your Pharmaceutical Employees’ Performance

As a largely people-based industry, the Pharmaceutical industry has gone through, and continues to go through, significant reinvention. This makes for dynamic talent and skills management challenges such as: Maximum impact of M&A Accelerated education and adoption for new products Consistent best practice marketing and sales behaviors Accelerated onboarding in high-turnover positions Capitalizing on institutional

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Overview of Employee Incentive Pay

Employees in approximately one-third of all companies are eligible for bonuses of some kind. Bonuses are given to employees to serve the following purposes: to create incentives to reduce costs; to pay people for doing a good job; and to encourage employees to think like shareholders. Bonuses reflect employees’ level of responsibility in the organization,

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Building Diversity: Why it Starts with Your Company’s Employee Value Proposition

We can Google a checklist for anything these days, and workplace diversity is no exception. Diversity checklists from numerous countries show up in the search, reminding us that workplace diversity is of global interest—we are working within a globalized economy and within a multicultural workforce. Organizations that do not have a strong diversity and inclusion

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