-
Fostering a continual learning environment
Over the past twenty years, the business world has learned that you never know what may be lurking around the corner. The 9/11 attacks. The Global Financial Crisis of 2008. The COVID-19 pandemic. There also have been major innovations that have radically changed industries. Market disruptors like Netflix and Amazon Prime have changed how we…
-
Six Considerations When Evaluating Your Compensation Strategy
Employees are vital to your organization and a significant investment for most businesses, often averaging 70% of operating expenses. This essential business asset deserves a well-crafted strategy. While compensation is only one factor for recruiting and retaining talent, it is critical to your overall HR strategy. Whether initiating or updating your compensation strategy and philosophy,…
-
What business owners need to know about DOL audits
No one wants a U.S. Department of Labor (DOL) audit. Just the thought makes us sweat. However, it’s important to know that these audits are becoming increasingly common. In 2017, the DOL conducted audits of several businesses and found that they owed employees $270 million in back wages. While DOL audits may be more common…
-
Employee Burnout
Employee burnout. Two words you hear a lot together these days. While it’s been a growing problem in recent years, the pandemic put it even further under the spotlight. The extremely stressful public health emergency put stress on both professional and personal lives around the globe. It’s also led more people to work remotely. Remote…
-
7 Reasons Employee Retention Should Be Your Top Priority in 2022
As the U.S. economy opens up following the COVID-19 pandemic, companies are experiencing growth again. While this growth is most welcome, many industries face skills shortages. For example, CNN revealed that the U.S. manufacturing industry experienced a surge in activity but struggled to fill half a million job openings. Undoubtedly, skills shortages will continue to…
-
Cultural Misalignment: When an employee is not a good cultural fit
Terminating an employee is challenging at the best of times. However, it can be particularly difficult when the reason for the termination is cultural misalignment. This is largely because it’s not entirely the employee’s fault. They may even be A-players and hard workers, but somehow, they don’t fit in with your organization’s culture. Although a…
-
7 Things to Consider for your 2022 HR Strategy
Progress in technology, the pandemic, and other economic factors continually impact the way we work. HR professionals are no exception. So many hot topics that impact HR are in the spotlight. For example, trending topics include employee engagement, work-life balance, employee well-being, diversity, equity, and inclusion, and retention and recruitment strategies. These topics are not…
-
Benefits of Flexible Spending Accounts (FSAs)
Flexible Spending Accounts (or FSAs) are an often-overlooked benefit that you can offer your employees. FSAs come under section 125 of the Internal Revenue Code and allow your employees to convert some of their taxable pay into nontaxable benefits. Healthcare FSAs enable employees to set aside money from each paycheck before the deduction of taxes. Employees…
-
5 Benefits of Stay Interviews
Top Reasons to Conduct Stay Interviews (Plus Bonus Stay Interview Questions) Wise business owners are always on the lookout for innovative ways to boost employee retention and provide a work environment that promotes trust, responsibility, and growth. If you’re part of the 27% of companies currently conducting stay interviews, you know they can help…
-
Simple Ways to Support and Help Working Parents
How to Help Working Parents – 4 Common Scenarios Working parents have it rough. Balancing soccer games, budget meetings, school plays, and conference calls is challenging, to say the least. In fact, 75% of employees wish they had more time to spend with their children. As an employer, there are several ways you can help…
Tag: HR Solutions
