In the dynamic landscape of modern businesses, the role of employee performance evaluation cannot be overstated. It serves as a crucial tool for organizations to assess, improve, and leverage the potential of their workforce. Employee performance evaluation encompasses a systematic process of reviewing and measuring an employee’s job-related accomplishments and contributions. This process is pivotal […]
Sep 06, 2023
Aug 16, 2023
Executive compensation has long been scrutinized and debated in the corporate world. How companies reward their top-level executives significantly influences business performance, shareholder value, and overall organizational success. Therefore, it is essential to understand the broader implication of executive remuneration in today’s business world. This post will explore the intricate relationship between executive compensation and […]
Aug 09, 2023
In March 2023, state and local government organizations spent an average of $58 an hour in staff wages and benefits, according to the U.S. Bureau of Labor Statistics (BLS). Their civilian and private sector counterparts managed $43.07 and $40.79 per hour respectively in worker compensation. Management, business, and financial professions attracted the highest mean hourly earnings […]
Jul 19, 2023
Employee engagement and collaboration play a vital role in driving organizational success. Engaged and collaborative employees are more productive, innovative, and satisfied. They contribute their skills and ideas, improving teamwork and overall company performance. However, achieving high employee engagement and collaboration levels requires a deliberate and strategic approach. Continue reading to explore five proven keys […]
Jul 12, 2023
Developing effective executive compensation plans is crucial for attracting and retaining top talent while aligning their goals with the organization’s objectives. Executive compensation is vital in motivating executives to drive growth, enhance shareholder value, and achieve strategic objectives. This article will explore top strategies to build effective executive compensation plans to help organizations succeed in […]
Jul 05, 2023
The year 2023 has brought significant positive news for employees across several industries. After the 2008 financial crisis, compensation increases, including salary raises, bonuses, and benefits, are being reported. This resurgence in compensation growth marks a milestone in the post-recession recovery and reflects the growing strength and stability of the global economy. Continue reading this […]
Jun 20, 2023
According to the American Association of University Professors (AAUP), full-time faculty pay across higher education increased appreciably over the 2022-2023 academic year. The 4.1% year-over-year wage hike is the largest for U.S. college and university full-time faculty members in over 30 years. But inflationary pressure has significantly impacted the actual pay for these employees. Over […]
Jun 07, 2023
Nevada and four Californian cities have joined a growing list of U.S. state and local jurisdictions that have announced upcoming minimum pay hikes for 2023. The cities of Pasadena, West Hollywood, Fremont, Los Angeles County in CA, and the state of Nevada have enacted laws that require all employers in their jurisdictions to increase hourly […]
May 17, 2023
When it comes to hiring employees, businesses have several options. Two of the most popular options are Employer of Record (EOR) & Professional Employer Organization (PEO). While they may seem similar, there are significant differences between the two. In this article, we will discuss EOR vs. PEO and provide a brief comparison of the two. […]
May 03, 2023
Compensation is a crucial factor in attracting, retaining, and motivating employees. It is the payment or remuneration given to employees in exchange for the services they render. The amount of compensation that an employee receives depends on various factors, and understanding these factors is essential for employers to design fair and competitive compensation packages. In […]