You may have seen them before, following the names of some of your LinkedIn connections – a comma accompanied by a denomination of some sort. You likely already know that these designations represent certifications that a professional earns after completing a standardized training program in their field – but are they worth it? They absolutely… Read on…
Vaccine mandates in the workplace have been a hot topic for quite some time now, and the recent news that the Pfizer vaccine has been approved by the FDA (with Moderna expected to follow) has added a new level of perspective to the conversation. While many companies have already started requiring vaccines for their employees,… Read on…
Meetings. The word alone is sure to induce groans, eye-rolling, and collective facepalms from both employees and managers alike. While meetings may not be a crowd favorite, their importance for improving and maintaining communication, productivity, and employee engagement can’t be denied – but only if they’re done right. With the right approach, you can ensure… Read on…
2020 taught us a lot – on multiple levels. For one thing, all of this new free time the majority of us had been granted while in quarantine provided ample opportunity to spend time learning new skills. Maybe you finally learned how to play that guitar that’s been gathering dust for years, or how to… Read on…
I read a study a few years back that alerted the world to something everyone already knew: Sales employees are more motivated by compensation than all other employees. Knock me over with a feather, that’s a shock! Of course, there are other factors that motivate a company’s sales force, but let’s be honest: money drives… Read on…
I’m not your boss. I’m not even your coworker or your employee. Right now, I’m your job promotion fairy, and if you’re an HR professional, I hereby grant you a promotion. You are now the CFO of Labor Cost. Congratulations, you’ve earned it. Since salaries are the largest cost item in most organizations, it’s extremely… Read on…
While most organizations use some form of job evaluation to determine the worth of jobs, there are many factors to consider when valuing work. There are internal factors such as being fair and consistent with how employees are compensated. Therefore, organizations typically use the following techniques to measure a job’s value: Perform a job analysis to… Read on…
Imagine you’re sitting in a dark room with the shades drawn. No, you’re not about to turn on Netflix or take a nap. You’re at work—and you’re not alone. You, as an HR professional, and several managers in your organization are participating in your annual tradition: Performance Ranking. You’re determining every employee’s value relative to… Read on…
Salary increases are just like our relatives. Merit increases are the close relatives you see regularly, and promotional increases are the distant cousin you only see every few years. You like the distant cousin, they’re flashy and fun every time you see them, but you want to learn more about them. There’s a reason everyone… Read on…
There’s at least one in every class. I teach a Compensation Management seminar, and every iteration there’s at least one person with the same problem: “We have a chronic issue with compensation compression.” They’re right to call it chronic, because it’s a potentially fatal diagnosis for any company. First of all, what is compensation compression?… Read on…