Is the traditional annual raise worth it? According to research from the Society for Human Resource Management (SHRM), the top 8% of workers saw an average of 4.8% base pay increase, versus only 0.9% (or less) for the lowest performing 9% of workers. But even a 5% raise isn’t necessarily much. The median household income[…]
More than half of organizations will be hiring in 2018 – but still at a slowing rate. According to the LinkedIn 2017 Global Recruiting Trends Report, over half (56%) of recruiters say their hiring volume will increase in the next year. However, that represents a drop of 5 points over the past two years, and challenges remain.[…]
Newly formed businesses and startups may be tempted to bypass Human Resources in favor of other business units, like marketing, sales, finance, etc. After all, if they’re newly formed, they probably don’t have many employees yet anyways, so why worry about HR at that point? Well, here are three HR issues that every new business[…]
In its 2016 report on employee benefits, the Society for Human Resource Management (SHRM) took a look back at 20 years of employee benefits offerings in the U.S. (1996 to 2016). Here are some of the more interesting findings. Only a few benefits have noticeably increased. Remote working: Telecommuting has grown dramatically, tripling in popularity. In 1996, just[…]
Terminating employees is the last thing any business owner or manager wants to do. It can be painful for everyone involved, regardless of the reason (layoffs, furloughs, termination with cause, and so on). Most people in this role, particularly in HR, are sensitive to the impact to the employee. Unfortunately, however, ending an employment relationship[…]
How does outsourcing compliance and risk management help employers? Most employers are unprepared for the risks and regulations that affect their business. The New York Times reports that two out of five small business owners have no business insurance at all. This may be due to cost; it’s hard to find good coverage at rates friendly[…]
Employees are the lifeblood of any company, and employee recruitment and retention is a perennial priority – and challenge – for employers nationwide. The process can be costly, however. According to Glassdoor.com, U.S. companies spend an average of $4,000 and 52 days to fill an open position. That squares with a finding from Randstad Sourceright’s 2016[…]
How does outsourcing recruitment/new hire support help employers? Recruitment is becoming both much more sophisticated and much more difficult. According to the Society for Human Resource Management,algorithmic recruiting is taking off – that is, combining Big Data, analytics, and artificial intelligence to identify, review, and select job candidates. But that kind of recruiting requires specific expertise[…]
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