Remove 2009 Remove 2020 Remove Compensation
article thumbnail

How to build strong pay practices despite economic uncertainty

HRExecutive

With the potential downward trend in salary increase budgets against this backdrop, the theme of doing more with less is likely to be a strong focus for compensation and HR professionals this year. This will support your ability to use your compensation programs and processes more effectively, even with fewer dollars. is not new.

article thumbnail

More companies provide adoption benefits as part of a push to increase family-friendly perks

HR Brew

Last year, 37% of companies offered paid leave for adoption, up from 27% in 2020, according to a report by the International Federation of Employee Benefit Plans. Financial reimbursement for adoption costs didnt rise as sharply, growing to 20% last year from 17% in 2020.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 HR-Related Regulatory Developments to Keep an Eye on for 2025

Prism HR

Job Posting Requirements Coming to a State Near You: Under the Equal Pay for Equal Work Act , which went into effect in 2021, Colorado was the first state to require employers to disclose compensation ranges and benefits to prospective employees in job postings. Minimum Wage Expansion: With the federal minimum wage stuck on $7.25

article thumbnail

Talent Symposium

Workforce Opportunity Services

Dr. Langer is the author of Analysis and Design of Next Generation Software Architecture (2020), Strategic Information Technology: Best Practices to Drive Digital Transformation (2nd Ed., CLOSE Mike Keizur joined the WOS team in October 2009. He joined the WOS team in October 2009. Philip received his B.S.

article thumbnail

How to Create an Effective Compensation Philosophy

AIHR

A compensation philosophy guides your organization in creating fair, transparent compensation programs and helps you attract and retain employees. Learn about the different types of compensation philosophies, components of a compensation philosophy, how to create your own, and how to measure its effectiveness.

article thumbnail

Antidotes to Record High U.S. Quit Rates: EVP and Culture (i4cp login required)

i4cp

It had been slowly decreasing for over 20 years prior to the pandemic, then plunged in March/April 2020. Looking at the past decade for context, the hiring rate had been increasing steadily since the financial crisis of 2008/2009. Naturally then, some quits that would have occurred in 2020 happened in 2021 instead (e.g.,

article thumbnail

How to Support Employees As They Face Rising Inflation

Great Place to Work

The wage growth of 2020 and early 2021 is being undercut as prices for gasoline, cars, homes and food soar. 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. Raising wages. Accounting giant PriceWaterhouseCoopers , No. A focus on well-being.