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How Big Should Your HR Staff and Budget Be?

Compensation Force

While this is a question best answered in the context of your unique talent strategy -- what it will take to execute that strategy to drive organization success and what role HR plays in making that happen -- benchmarks can sometimes provide a helpful reference point. HR employees for every 100 workers served in 2007 to 1.4

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Why Is It So Important to Communicate Total Rewards?

HRsoft

Communicating total rewards is an important aspect of any retention and engagement strategy. While compensation may indeed only be one piece of what works to attract and retain employees, it is quite a significant piece. Employees should be able to understand the organizational philosophy, and how that fits into compensation decisions.

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How to Support Employees As They Face Rising Inflation

Great Place to Work

Great Place to Work® analyzed data from companies before, during and after the Great Recession of 2007–2009, spanning 15 years from 2006 to 2021. While the S&P 500 suffered a 36% decline in value from 2007–2009, companies who supported all employees gained 14%. Raising wages. Accounting giant PriceWaterhouseCoopers , No.

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This game developer CHRO has found a winning talent strategy

HRExecutive

While the organization, founded in 2007 and known for developing such games as Words with Friends and FarmVille, has long had a standout culture—rooted in collaboration and innovation—it had gone through a “rough patch,” Ryan says, with a downturn in morale and business outcomes, making it harder to both recruit and retain top talent.

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Cafe Classic: The One Equity Compensation Trend to Rule Them All

Compensation Cafe

Finally, the incredible recovery of the stock market over the past several years has all led to a major shift in how companies, investors, the media and politicians view equity compensation. The report shows most data in time-ranges from 2007 through 2012, the one exception was the chart on performance shares granted to the S&P 1500.

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Boost your retirement savings in 2023: 401(k) and IRA contribution limits are up nearly 10%

Guideline

Inflation is at a 40-year high , and the 7% to 11% increases for most 2023 contribution limits is the largest inflation adjustment since 2007. Compensation The annual limit on compensation refers to the cap the IRS puts on how much of an employee’s compensation can be matched by their employer’s 401(k).

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Managing a business in a recession: 5 strategies

Insperity

The financial crisis of 2007-2009 was the worst of many of our lifetimes. Here are five strategies for identifying how a recession might impact your business and how to handle it. Actions to consider: Offer intangible perks: Knowing how to motivate employees outside of monetary compensation is essential.