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Paying for Performance: The 1 Strategy That Motivates Both High and Low Performers
It’s easy to identify a disengaged employee, right? Missing KPIs, absent-minded behavior, even apathy or outright hostility might indicate an employee who’s not engaged. While these are some common markers of trouble, you might not have any signs at all. A high-performing employee does not necessarily equal an engaged worker. Their ability to exceed expectations […]
Up-to-Date HR Tech: The Competitive Recruiting Advantage Companies Forget About
In today’s immensely tight labor market, it’s more impossible than ever to find a pool of eager candidates just ready and waiting to jump into your staff directory. Most of the candidates you would like to hire – even those actively applying to your job listings – already are employed. They might even be fielding […]
The 1 Employee Benefit That Costs You Nothing
If your organization isn’t building relationships with local businesses by offering employee discounts, now’s a great time to start. Especially with the growing war for talent, businesses can introduce discounts as a high-impact, low-cost employee benefit. Employee discounts are a great way to show employees you’re always looking for ways to improve their experience. You […]
Financial Stress is a Symptom of Employee Financial (Un)Wellness: Part 2
According to a 2018 report, Mercer found that $250 billion is being lost annually by American businesses due to employees’ financial stress. Employees spend between 12 and 15 work hours each month thinking about or working on their money issues — time they’re not spending doing the work employers pay them to do. (Learn more […]
Financial Stress is a Symptom of Employee Financial (Un)Wellness: Part 1
Thirty years ago, the executive suite didn’t spend a whole lot of time wondering whether their employees could pay the bills. The attitude: We pay you and it’s up to you to decide how to spend that money. Today, companies are confronted with the reality that not only are 78% of their employees living paycheck […]
Paying for Performance: How to Reward Productivity and Elevate Engagement
Under a pay-for-performance system, employees get rewarded for the right reason: job excellence. Paying for performance removes the subjectivity from compensation by establishing structured ways to measure an individual’s: performance productivity results How? Instead of showing you, we’d like to tell you a story … Meet William Every company has a William. Ever the go-getter, […]
Paying for Performance: How to Avoid Salary Compression and Other Compensation Pitfalls
In 2015, Gravity Payments, a Seattle-based credit card processing firm, tried something unorthodox: Chief Dan Price set a new minimum salary of $70,000, even sacrificing some of his own to make it happen. It made national news. Résumés poured in. But this seemingly heroic gesture also had unexpected consequences: Two of Price’s most valued employees […]
Take Action Against Restaurant Employee Turnover: Here’s How
If you own, operate, lead or otherwise run a restaurant, you’re well aware of the operational challenges of employee turnover. But can you quantify just how much it costs your restaurant? For years, the Bureau of Labor Statistics has reported turnover in the accommodations and food service sector at roughly 72%. The average cost of […]
3 Ways HR Can Combat Low Engagement
Like Jim Halpert constantly pranking Dwight Schrute on TV’s popular show The Office, employees can push the limits when engagement is low. Though it’s been noted time and again, another mention can’t hurt: Gallup estimates disengaged employees cost U.S. companies up to $550 billion in productivity per year. But what can be done about the […]
5 Ways Performance Management Can Lead to Unmanageable Costs
Performance management. It sounds like just another set of tasks on an HR professional’s to-do list. Which it is. But did you know each of those HR tasks has a cost attached? Ernst & Young recently conducted comprehensive research to determine costs associated with 41 common HR tasks and found performance-management functions are among the […]
How to Avoid Summer PTO Pitfalls
Summer means sunny weather, longer days, exciting vacations … and can mean checked-out employees. Wait one (very hot) minute? Sure, your employees might be distracted by thoughts of sandy shores or how to keep their kids busy between summer camps, but with the right communication, the season doesn’t have to be a drain on productivity. […]
The True Cost of Manually Managing Your Employees’ Time
You know the drill: Employee completes and submits timecard. Employer collects timecards. Employer verifies timecards. Simple, right? Yes. But also costly, if self-service technology is not part of the process. When you apply findings from Ernst & Young’s recent study on the true cost of manual HR tasks, the above steps accumulate quite the price […]