Motivation in the Workplace: Think It’s All About Money? Think Again

Part 1

In The Great Jackass Fallacy, Harry Levinson, Harvard psychologist who often taught seminars on management to business executives, made a fundamental bedrock – and now seemingly lost – point about employee motivation types and motivation in the workplace.

Why Is HR Important? Key Functions of an HR Professional

The HR department in any company can be its ace in the hole, if used strategically. HR is a company’s human resource multiplier. The functions of an HR professional should focus on the company’s greatest resource of all – its employees. Without good employees, the best business plan and ideas will fail.

5 Tips on How to Be Successful in Staffing in an Economic Downturn

The current economic situation provides a great opportunity for employers to redefine their recruiting methods. With the vast pool of job applicants, it is easier for companies to make excellent new hires. But in these tight economic conditions, how does one ensure their current recruiting methods are also cost-effective?

New Rules for Laying Off Employees in a Recession: Consider the Long-Term Costs

With all of the news about rising unemployment and massive layoffs across the country, it would seem that reducing your workforce is essential to surviving in a down economy. While paying less into employee compensation does drop costs initially, more business leaders are recognizing that a reduction in force comes with some unpleasant, long-term side effects.

Why Good People Quit and How to Keep Them: Employee Retention Tips for Managers

Think about a job that you left where you were a rock star. Now think about one you left where you were simply, purely, competent.

Why did you leave in each case?

That question is especially important in today’s economy, where motivation in the workplace may be more critical than ever as we seek to keep both our rock stars and our reliable, fully-competent performers. These two groups will do much of the heavy lifting to keep our organizations alive until times improve.

Red Circle Policy: A Penny-Wise Choice for Your Company

After you create your employee compensation policy, you may discover employees within your organization who, rather than being underpaid compared to the market, are actually overpaid. Salary faux pas like this can cost your company plenty of money.  Among the many company cost-cutting ideas out there, implementing a red circle policy is likely your best option in this case.

Q&A Session - A Guide to Laying the Foundation for Your Compensation Strategy

Questions and Answers from Our Compensation Strategy Webinar

The following is a transcript of the question and answer session that followed PayScale’s webinar, A Guide to Laying the Foundation for Your Compensation Strategy. The topics covered in these questions include strategic compensation planning, red circling, and determining salary ranges. Answers are provided by PayScale’s webinar leader and director of customer service and education, Stacey Carroll, M.B.A., SPHR.

How to Design a Succession Plan for Business

No employee stays around forever. Whether they change career paths, move, get sick or retire, there will come a day when you will need to replace them. And, if they are highly specialized within your organization, it may be nearly impossible to find their replacement without some preparation.

How Do I Develop a Compensation Plan to Protect My Company?

Has your company reached the point where it needs a formal compensation plan but you aren’t sure how to create one? You may realize the value of an established compensation policy for employee retention. And, even more, you likely aware that you need to explain and back up your compensation decisions today more than ever, particularly any differences between pay for people in the same position.

Determining Salary Range by Profession

In a previous blog post we talked about the first few steps of establishing a formal compensation plan. Today’s post will be a continuation of that process. We’ll talk about how you can build your company’s salary ranges from market data.