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Turnover in the United States is higher than many people think. According to the Bureau of Labor Statistics, the turnover rate across a wide range of industries in the private sector was over 47.4% annually in 2017, and that number has increased steadily from 42.3% in 2013. So, businesses need to be prepared to lose […]
According to studies, 40% of employees leave almost right after they start a new job, and an additional 10% to 20% of new hires leave an organization within their first year of employment. That means nearly 50% to 60% of employees will leave an organization within their first year of employment.
The most important design features in a sales compensation program are the pay level (how much) and pay mix (proportion of incentive pay to base pay). Pay levels will generally reflect industry practices, but the pay mix should be designed to meet the marketing strategy of the company. The degree of risk in the incentive […]
These days, you can’t open a newspaper or read an article online without hearing about the current talent shortage. In 2017, the unemployment rate hit a 17-year low of 4.1% in the fourth quarter.[1] While this is good news for jobseekers, it has created big challenges for businesses that are trying to attract new talent. […]
Marcus Buckingham, well-known and respected speaker and author of books such as Now Break All the Rules and Stand Out shared three radical shifts that are coming for management.
Given that COVID-19 has caused drastic changes to commonplace business practices, recruiters and business owners alike are now left wondering how to bring back the workforce after thousands of employees were either fired, furloughed, or laid off.
By Jennifer Carsen, JD, Legal Editor Can employers legally require employees to participate in a wellness program as a condition of being covered by the company’s health plan? A new court decision from the Western District of Wisconsin says yes.
Holidays are one of the most popular perks you can offer. What’s happening out in the real world? What are your competitors offering? What are best practices? Help us find out!
Currently, only one state does not have an equal pay law, and that state is Mississippi. On July 1, 2022, Mississippi will join all other states when its equal pay law goes into effect. Let’s take a closer look.
In the first quarter of 2022, unions filed more than 550 election petitions in the United States, compared with only 290 in the first quarter of 2021. It’s the largest first-quarter number filed in the past seven years. While part of the increase can be attributed to the Service Employees International Union (SEIU), which has […]