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3 Healthcare HR Strategies for Overcoming Nursing Shortages

Precheck

CEO of the American Organization of Nurses Executive (AONE). Provide Compensation Packages. Aside from competitive benefits, employers need to design new types of compensation packages that reflect the changing financial and lifestyle needs of new nurses.

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Is Geographic-based Compensation Still Relevant?

GetFive

You can find survey after survey confirming the fact that most companies are now noodling a hybrid model of remote and in-office work. But another factor that is being rocked by remote work is compensation. The post Is Geographic-based Compensation Still Relevant? One way to approach changes in geographic pay structures.

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To give, or not to give? Navigating the 2023 merit pay dilemma.

Bob

On the other hand, strategic compensation incentives are crucial for retaining the key talent you’ve fought so hard to find over the last few years. What are the compensation benchmarks on average merit increases for 2023? If you have to freeze wages, remember that compensation doesn’t always have to involve hard cash.

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The changing mix of employee compensation increases

Steve Boese

But these tax cut bonuses also draw our attention to a larger trend in employee compensation increases, one that pre-dates the recent surge in one-time tax cut bonuses - the trend of companies allocating more payroll budget towards one-time and variable awards, and relatively less budget to annual (and in theory, recurring), salary/wage increases.

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Is Your Company Following its Compensation Philosophy?

Workday

Does your company do a good job of following and communicating its philosophy around compensation? A WorldatWork study sponsored by Aon Hewitt found that while 92 percent of companies surveyed have a formal compensation philosophy, only 63 percent have it in writing. Market comparison. Measuring Against Goals.

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Pros and Cons of Each Salary Data Source for Employers

Compensation Today

This is an excerpt from our forthcoming whitepaper entitled “The Compensation Data Landscape: A Review of Data Sources, Plus How to Choose.” Much as the employee data landscape is rich , there are a lot of compensation data sources and types of sources available to employers. Traditional (Standard) Surveys and Industry Surveys.

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8 Tried & Tested Employee Retention Strategies in the Insurance Sector [2024 Edition]

Empuls

The current state of employee turnover and retention in the insurance sector According to a study by the Jacobson Group and Aon conducted in the third quarter of 2021, numerous professionals in the insurance industry are reconsidering their current roles and actively exploring alternative opportunities.