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”
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.
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
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
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
Being Facebook Friends with Your Employees is a Recipe for Disaster It’s Not Worth the Risk More than 550 million people use Facebook each day, and your coworkers are probably part of that statistic. It can be tempting to connect with everyone from Aunt Gertrude to the guy in accounting, but use caution when adding
These 5 Simple Steps Will Significantly Better Your Business Is There An Accountability Gap? Accountability is a topic covered in basic management courses. Unfortunately, there seems to be a burgeoning gap between theory and practice when it comes to this concept. Recent surveys suggest 40 percent of employees in US organizations are not held
Solid Teamwork Stems from Proper Management It’s All About the Team Teamwork provides a foundation for business success. Teams, when managed properly, maximize each individual’s strong points while minimizing weaknesses. Of course, creating productive teams isn’t as easy as it sounds. Strong working relationships need five basic ingredients for success: Communication, Collaboration, Culture, Creativity and
Proceed with Caution If you’re an employer you’ve likely had to fire people. It’s never easy and the process can be fraught with hazards. If you must let someone go, be quick, be kind and be careful. Keep in mind these nine tips for terminating an employee. 9. Consider It Carefully DO Consider the need
Some “Tricks” Can Be a Hiring Treat There are literally thousands of job interview books available in bookstores right now, all designed to help people nail that interview and get the job of their dreams. Within all those pages, helpful authors take people through the tried and true questions to master in order to succeed, from
Facebook & Too Many Meetings Top the List of Employee Time-Wasters Wasting Away A Facebook status update here, a Tweet there and finding that perfect dinner recipe on Pinterest. In this day and age most jobs require a computer, most computers have the Internet and distractions to workers are plentiful. But how much time do
Employee Appreciation Day is Here — How Are You Showing Your Employees You Appreciate Them? Do You Appreciate Your Workers? The first Friday of March is Employee Appreciation Day. But as an employer, do you have anything planned? Did you even know about it? If not, it might be a good idea to get up
Now and In the Future Does your organization distinguish between management training and leadership development? In Western economies, more so than emerging markets, the lines between the two have become blurred. As Joanna Kozubska, in her book, The Seven Keys of Charisma (1997), says: “There are times when a leader needs good, systematic management skills
Identify the Individual and Organizational Capabilities that Your Company Needs to Succeed What Are Leadership Development and Organizational Development? Much has been written about the importance of developing leaders to meet the challenges of the future. A wealth of material has also been produced on organizational development (OD) and how, by overcoming the barriers to
