blog_header_full

WHAT'S HOT?

5 reasons why every organization needs a troublemaker Why can't I find any good people The rise of social media recruiting Snackable Content
snackable_content_minimumwage
  • Employee Retention and Engagement

    Be Bold and Reward Only What You Want

    It’s challenging to design an incentive program that actually rewards top performers, and only top performers. But, it is more expensive, in the long run, to leave them under-rewarded. If you don’t believe that is true, keep reading. If you are afraid you don’t have the time and resources to reward their success, keep reading, too. In business, you will pay when you reward them or pay when you lose them. You decide.

  •  
  • Examining the Adverse Impacts of Layoffs

    Think Before You Fire: Designing an Adverse Impact Analysis

    In our tough economy, laying off employees has become a knee-jerk reaction when budgets get tight. But, what are the true effects of employee layoffs and how might choosing them wreak havoc later on? Losing a skilled, experienced and loyal employee can hurt your bottom line over time.

    In this post we’ll discuss how you can help your managers and the leadership at your company make smart choices about staffing so that the company stays healthy long term.

  •  
  • How to Calculate Employee Turnover

    how to calculate employee turnoverCosts of Employee Turnover - Part 2

    In our first post on the costs of employee turnover, you learned why hanging onto your employees is important to the financial well-being of your organization, as long as those employees are a good fit.

    In part 2, I will show you some twists and variables on those calculations that you must make to see the full picture that employee turnover in your organization is telling you. I will also cover a few of the many variables that can affect your turnover rate and affect how you choose to interpret results of your employee turnover calculations.

  •  
  • The Costs of Employee Turnover

    Cost of Employee Turnover Cost of Employee Turnover - Part 1

    Many of us have a vague sense that there are things we must do. We must eat our vegetables, floss, and make payroll. Then we have a sense that there are things we ought to do. We ought to invest for retirement, volunteer with a community service organization, or learn a language. Into which category do we place “hang onto my employees better?” It might be the former, once you find out in this blog how much employee turnover costs.

  •  
  • Strategies for Difficult Employee Communications

    Difficult Employee Communications How Do Companies Communicate with Employees in Difficult Times?

    In my experience, there are two main schools of thought on how companies should communicate with employees during a recession.

    1) It is better to wait to communicate with employees until you have all the information you can gather. Otherwise, employees may ask questions you cannot answer and you may look bad from their perspective.
    2) We all live in a world of uncertainty and waiting before presenting information will only stimulate the rumor mill and employee anxiety.

    This blog post will summarize why I prefer the latter approach. I will use as an example the situation I wrote about recently, of having to layoff or terminate employees as a last resort to get through a recession.

  •  
  • Variable Pay Compensation

    Variable Pay Compensation Implementing a Variable Pay Compensation Strategy: What to Beware Of


    How do you reward top performers and keep employees loyal during tighter times? In a previous post I suggested a variable pay program as a way to incentivize your employees to stay with the company and help it reach its goals. From profit-sharing to discretionary bonuses, there are a variety of options.
  •  
  • Innovative Salary Programs

    Innovative Salary Programs Using Variable Pay - A Compensation Strategy in this Current Economy


    So there you are in the CEO’s office presenting your recommendations for next year’s salary budget. You have done the analysis, you have all of your facts lined up and your market data to support it. “The costs,” you say, “for next year’s salary increase budget will be … a gazillion dollars.” Well that’s not what you said, but that’s what the CEO heard! In fact, this is probably the fourth meeting that day going over all of the expenses that are needed to run the business and all that person sees is spending more money and an eroding margin. They ‘d probably rather hear about some low-cost salary programs.
  •  
  • Different Types of Motivation Theories

    Motivation in the workplace Employee Motivation in the Workplace: Different Types of Motivation Theories
    Part 3

    Does money motivate people effectively? In part 1 of this series on HR theories of motivation, we answered that question. No.

    Well, if not money, how do we create an environment where people are motivated?
    Check part 2. The key: create productive work relationships.

    But people are different; so how do we build productive work relationships with all types of people? In this last installment on workplace motivation, we’ll cover some of the main theories for how various people motivate themselves.

  •  
  • Recognizing Employee Value

    Recognizing Employee Value The Importance of Recognizing Employee Value

    In the world of work, what is “adding value”? And, as an HR or compensation practitioner, why should I care? How does recognizing employee value help me do my job better?

  •  
  • Motivation in the Workplace: Top Employee Motivators

    Top Employee Motivators Employee Motivation in the Workplace: It’s Not About Money. It’s About Productive Work Relationships.

    Part 2

     

    “I’m learning recently, you can’t motivate people. You’ve got to provide the work environment that’s going to make them want to do a better job. You just can’t make them do a better job by paying them more money.”
    – Company owner*
  •  
  • Employee Retention Tips for Managers

    Employee Retention Tips 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.

  •  
  • Identifying High-Potential Employees

    Workforce Development How to Recognize the Characteristics of a Good Employee

    Among the handful, or perhaps hundreds, of employees at your company, it can sometimes be tough to identify who are the high-potential employees that are really making a difference in your overall success, and who are the employees that are simply at or below average.  You want to know who your high-potential employees are so you can reward them and make sure they stay in your organization. What exactly do top employees offer, and how can you identify the characteristics of a good employee?

  •  
  • Q&A Session - Employee Retention Ideas and Suggestions

    Webinar

    PayScale’s Most Frequent HR Questions - Employee Retention Ideas for Retaining Top Performers


    Questions and Answers from Our Employee Retention Webinar

    The following is a transcript of the question and answer session that followed PayScale’s webinar, Employee Retention: High Impact Performance Management for Engaging and Retaining Your Top Performers. The main topics covered in these questions are evaluating employee performance and pay-for-performance programs. Answers are provided by PayScale’s webinar leader and director of customer service and education, Stacey Carroll, M.B.A., SPHR.

  •  
  • Employee Retention Tips

    Employeeplanningrecession

    Employee Retention Tips for an Economic Recession

    By Stacey Carroll

    Of all the threats and challenges your company can face in this economic downturn, losing top performers can be one of the most damaging.

    As your workforce becomes more lean, top employee retention becomes more important. The quality of the people you have on the front lines determines your company’s survival. It is said that 20 percent of your workforce does 80 percent of the work. At this point in time, it’s possible that those 20 percent make up most of your team, and you want to keep them around.

  •  
  • Employee Turnover Causes

    Employeeturnover Employee Turnover Causes and the Role of Compensation: Two Opposing Viewpoints

    By Barry MacLean and Stacey Carroll

    In today’s unstable marketplace, retaining your most seasoned and talented employees helps ensure your organization’s strength. It’s more important than ever to put strategies in place to avoid the overarching costs of employee turnover causes, and keep skilled, high-level producers motivated and invested.

    But, which strategies will provide the results that you want? Barry MacLean and Stacey Carroll share their opposing viewpoints on the role of compensation in employee retention and employee turnover. Barry begins with his perspective and then Stacey responds. Let’s see what these experts think.

  •  



SEARCH
GET PAYSCALE NEWS
Sign up for the latest tips and tricks in compensation from PayScale.
Sign up for PayScale News


BRIGHT POSTS

Career News
SOCIALIZE WITH US
CATEGORIES