ams – a Global Leader in Advanced Sensor Technologies – to generate more than 1,000 new jobs and initially invest $2 billion to support new state-of-the-art manufacturing facility GE Global Research and SUNY Poly developing Power Electronics packaging facility, expected to create nearly 500 jobs in initial phase, ultimately growing to nearly 920 over ten
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
Telecommuting Can Be a Win-Win As an employer, you might be tempted to go the traditional route of having all your employees in the office all the time. But even though it’s tempting and understandable to want to keep an eye on the people you’re paying, businesses can benefit greatly when their workers telecommute. Here’s
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
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
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
What a Waste Your employees are paid to provide a service, so ideally they would clock in for a designated number of hours and work as hard as they can in that time to produce maximum productivity and results. But since we’re dealing with human beings and not robots, we all know that’s not the
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
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.
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,
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,
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
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.
The Cooperation Axis Humanity has primarily been driven in its interactions along one of two dimensions: cooperation and competition. There’s an interesting book by Robert Wright, called Non Zero, which addresses the aspect of cooperation on two levels: that of the individual and that of society. He argues that since humans gain from cooperation, they
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
