Employee Compensation

When it comes to Employee Compensation, it's often one of the biggest factors for hiring and retaining good workers. Learn how to make decisions about employee compensation that satisfy both the job candidate and the company's greater goals.

Stop Letting Good Candidates Slip Away

shutterstock_129883268After a long process of recruiting and interviewing, you think you’ve found the perfect candidate, only he or she isn’t jumping on your job offer. What to do? On the one hand, the “hard to get” act could be their way of holding out for a better compensation package, or perhaps you haven’t done a great job of making your position attractive enough. If the candidate is as good as you think he or she is, it’s likely you’re not the only suitor.

So how can you close the deal? The longer the process lingers on, the harder it will be to bring them on board, so waiting it out is not the answer. Instead, here’s how to revamp your hiring process so that you can find out what will motivate the top performers to join your team… Continue Reading

Keep Employees Motivated With Performance Reviews

shutterstock_70419277Oftentimes when employees become discouraged or disappointed with their jobs it has to do with not feeling connected to or appreciate by the company. One of the easiest ways to help your staffers stay engaged and feel like they are making contributions to the organization is to schedule regular performance reviews.

Of course, an effective performance review goes beyond simply handing them a questionnaire that rates them on a scale of 1 to 10. Read on for some strategies on how employee review sessions can cultivate happy and satisfied workers…Continue Reading

New Report Documents National Spend on Employee Compensation

employee compensatin report from the BLS for March 2013According to a recent report from the U.S Bureau of Labor Statistics, total employer compensation costs for private industry workers averaged $29.13 per hour worked; for state and local government workers, total employer compensation costs averaged $42.12 per hour worked.

Here are some additional highlights from the BLS’ March 2013 Employer Costs for Employee Compensation report (the next update for June will be released on September 11, 2013):

Continue Reading