Garden leave is gaining traction in the United States. Employers are increasingly concerned about protecting their confidential information, trade secrets, and customer relationships from departing employees. Technological advances make it easier for people to take valuable information with them when they leave a job, which could damage their former employer’s business. Garden leave also benefits…
A fair and unbiased workplace is essential for both employees and organizations to thrive, and internal equity plays a vital role in achieving this goal. As HR professionals, it’s our responsibility to ensure that every employee is compensated fairly and justly based on their skill set, responsibilities, and experience level. That’s exactly what internal equity…
A well-designed salary structure is essential for every organization as it serves as a framework for determining fair compensation for employees. A competitive salary structure helps organizations attract and retain talented employees, establishes a clear and consistent approach to compensation, helps organizations to manage compensation costs, provides transparency to employees regarding their pay, and minimizes…
The types of employee benefits an organization provides carry weight in today’s employment market. Compensation on its own is not enough to engage employees and attract job seekers who now expect more comprehensive rewards for their work. HR practitioners need to be aware of the various benefit possibilities and determine which ones their organization should…
Offering wellness incentives helps employers meet the needs and expectations of the modern workforce. Furthermore, promoting sound mental and physical health creates a culture of well-being that inspires employee engagement and productivity. Let’s look at how HR can develop wellness incentives for employees that make a difference. ContentsWhat is a wellness incentive?Why should HR consider…
Welcome to another exciting episode of All About HR! This is the series for HR Professionals and business leaders who want to future-proof their organization and learn about the latest trends & insights from industry experts, CHROs, and thought leaders. What can HR teams in startups and scaleups do to address inflation? In this episode…
Finding the right mix of pay, benefits, and other incentives is essential to attracting and retaining top performers, especially in a tight labor market. Variable compensation can be a useful tool for rewarding employees’ performance to provide measurable results for your business. Let’s dive into all you need to know about variable compensation. ContentsWhat is…
For 70% of people, their sense of purpose in life is defined by the work that they do. Employees whose work gives them purpose are more engaged, satisfied, and resilient. They are also more productive and willing to recommend the company to others. Providing your people with volunteer time off (VTO) is a great way…
With US and EU inflation at a four-decade high, both employees and leaders are looking to HR to set policies on how to deal with the rising cost of living. In this article, we provide a practical guide on how to deal with rising inflation. ContentsHow inflation impacts payWhen to take action (and make pay…
With rising talent shortages, the war to attract, engage and retain talent is at an all-time high. Employers need to show candidates and employees what they are offering in a tangible way. A Total Rewards Statement can help with that. Let’s dive into all you need to know about Total Reward Statements and how to put…