by Bob Chenoweth | Dec 14, 2021 | Base Pay, Benefits, Compensation, Total Rewards
Family businesses will always be vital to the economic landscape. But because nearly every successful or growing family business also employs non-family workers, managing the operation is a balancing act that requires extra due diligence when it comes to fair and...
by Bob Chenoweth | Feb 15, 2019 | Base Pay, Benefits, Total Rewards, Turnover
While employee compensation challenges seem to be ever-present, those challenges can become even more daunting in a tight labor market. And when unemployment is at historically low levels, employers feel pressure to keep employees satisfied with competitive base pay...
by Cassandra Faurote | Sep 10, 2018 | Benefits, Communication, Salary
It may be no surprise that job seekers want essential information – including salary, benefits, and location – when they research job ads. What may be more surprising is that when assessing long-term potential with an organization, job seekers want transparency, too....
by Cassandra Faurote | Feb 10, 2018 | Base Pay, Benefits, Compensation, Salary
With five different generations in the workforce, it can be challenging to understand and balance their diverse expectations when it comes to total rewards. These rewards include everything an employee values in the work relationship, including compensation, benefits,...
by Cassandra Faurote | Jul 13, 2017 | Benefits, Communication, Compensation, Incentive Compensation, Merit Pay, Salary
The realities of compensation for millennials can be surprising, simply because this group is newer to the workforce. Lacking years of deep “real world” experience, millennials might be surprised by many aspects of current compensation practices and standards in...
by Cassandra Faurote | Jun 9, 2017 | Benefits, Compensation, Salary
Compensation satisfaction is extremely important to U.S. workers, but actual satisfaction in that category falls far short of the desire. This is according to a recent survey from the Society for Human Resource Management (SHRM). The 35 percentage-point gap regarding...
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