Fall is here and this is the time of year that some employers dread…Open Enrollment season. It’s never too early to prepare for open enrollment and engage your employees to make health care choices for the following plan year. Being overwhelmed during the process is inevitable, but there are ways to make sure things go smoothly.
Total Rewards | Business Management & Strategy | Best Practices | Employee Relations
Buzzwords in business are overused to the point of becoming fads at times. We hear phrases daily such as “culture”, “engagement”, “wheelhouse”, “synergy”, “incentivizing”, “strategic”, and the list goes on and on. When these buzzwords become so common in our workplace, it shouldn’t be surprising to hear so many managers and executives misusing these terms to suit their own agendas, while confidently speaking as experts on achieving each.
Best Practices | Talent Acquisition
You would be hard pressed to find a C-level executive who does not think that successfully staffing their organization can either make or break their organization in the long run. Aside from some roles directly impacting company revenue, losing out on top talent to competitors typically signals the slow and inexorable decline of a business. Luckily, there are a number of ways organizations can improve their recruiting effectiveness to avoid this undesirable outcome.
Total Rewards | Diversity & Inclusion | Best Practices
What Organizations Can Do to Reduce the Gender Pay Gap During a recent interview about gender pay equity on Freakonomics with Harvard economics professor Claudia Goldin, she noted that the reasons for the existence of the gender pay gap in the United States are varied and complex. For organizations that are interested in promoting pay equity, it’s important to understand what these varied and complex drivers of pay equity are. My colleague authored a great article that provides additional information about proposed legislation and notes steps organizations can take to create consistent pay practices.
Total Rewards | Business Management & Strategy | Best Practices | Employee Relations | Talent Acquisition
One KPI You Should Be Tracking! Now that the first quarter is almost over, it is time to focus on how the strategic goals set for 2017 are tracking to last year's results. Organizations spend an immense amount of time and resources tracking revenue and retention of clients, as well as the value of each client in terms of spending. Since payroll is the largest controllable expense on almost every company’s P&L, why then aren’t more leaders also tracking the value of their employees?
