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.
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
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
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,
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
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,
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
Bad Habits That Can Destroy Your Workplace Productivity Why Your Employees are Are Fighting Are your employees bickering constantly? Is it affecting productivity? It’s worth your while to get to the root of the problem and figure out what’s causing all the angst. Fighting amongst co-workers in close quarters is inevitable. After all, you can’t
Survey Finds More Employees Unhappy & Looking for New Jobs Constantly Will Your Workers Jump Ship? “I’m so sick of this job. I swear, this year I’m outta here!” You may not think so, but it’s more probable than not that your employees are at that point. Forget the fact that the decision to actively
“Hands-Off” Managers Hurt Employee Retention Is “Hands-Off” a Good Idea? It has taken forever to fill that open position on your team, and now you want to get through the next few weeks with as little effort as possible. Just follow this handy guide to make the new hire experience easy for you, the “hands-off”
See How Corporate Policies About Tattoos Affect Hiring, Retention Maybe it’s a tribal arm band, orchids on the lower back playing peek-a-boo with coworkers, or—gulp!—they’re wearing it on their face a la Mike Tyson. But even if it’s that cute little leprechaun on their ankle, our latest survey results show visible tattoos at work could
Employee Retention Myths and Tips EMPLOYER MYTH #1: Employees are browsing but not actively looking around for new jobs FACT: Over 60% of employees are actively looking to leave their employer within the next three months. Additionally, the intensity of employees’ job search is grossly underestimated by many employers. Many employers understand that their employees
How to Avoid Promoting People Who Reach Their Level of Incompetence Finding Stars for the Movie Biz Americans love going to the movies. So much so that it’s the top leisure activity for adults in the U.S. AMC Entertainment delivers distinctive and affordable movie-going experiences in more than 340 theaters with about 5,000 screens across
Why Failure to Motivate Your Employees Will Drive Them to Leave What We’ve Seen Small businesses frequently fall into the trap of treating compensation programs as “something to worry about when we get bigger.” The fact is, small organizations need to attract, retain and motivate employees, and compensation is a critical piece of total rewards.
Reason No. 1: Your Leadership Doesn’t Care “Why Do I Hate My Job?” Whenever people attend a cocktail party, invariably someone in the room will have an occupation that others will solicit for some (free) advice. Medical doctors are asked “Does this mole look cancerous to you?” Car mechanics are queried whether the “chunka-chunka” sound
As I found myself tweeting away at the back of Dave Millner’s Workshop on “Collecting Relevant Data that Measures HR Success” at CIPD’s annual Conference and Exhibition, I noticed the delegates’ thoughts and opinions were being challenged. And rightfully they should be; in recent weeks the topic of “Big Data” has been more and more
Human Resources is supposed to be more strategic these days and yet historically its focus has been on managing and reducing costs. While cutting costs is important, there are several reasons why it is essential that HR shift its focus away from cost cutting and towards increasing output and revenues for the organisation. Hidden Costs
Turning Supervisors Into Coaches: A Three-Step Process Look for Talent or Hire from Within? Who is the best match for your next opening? Should you look outside or hire from within? The jury is still out. Forbes recommends hiring outside for better performance. What if, however, you sided with business leaders like Jim Collins and
Understanding Your Employees’ Skills is the Key to Bridging the Gap The Skills Gap Exists Yes there is a gap, and acknowledging it is half the problem. I was recently reading the November edition of HR Magazine, in which SHRM CEO Henry G. Jackson was discussing the Global Skills Gap: An Opportunity to Excel. He
Creating & Honing a Company Culture Engages Employees & Attracts the Right Kind of Talent All Businesses Have a Personality Style Just as people have different personality styles, organizations have different styles, too. An organization’s style or culture is influenced by many factors — by the person or people who started it, by its current
