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How HR Can Prioritize Employee Career Development Post-Pandemic

CCI Consulting

However, this tumultuous staffing activity masks a more fundamental talent issue: the ability to retain and develop a productive workforce that will differentiate a company in the marketplace. Savvy HR leaders understand there is both an opportunity and a compelling need to reinvest in employee career development. Rob Croner.

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Best Methods for Attracting and Retaining Talented Employees

Business Management Daily

While you definitely need to be competitive with your compensation, many other factors serve as incentives for employees to apply for positions. To further encourage your employees to provide you with solid referrals, you can offer incentives like monetary rewards for securing new hires. Boosted levels of employee engagement.

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Proposed Update to FLSA Could Be Good News!

Compensation Cafe

Nonetheless, I'm intrigued that the Society for Human Resource Management (SHRM) recently announced that they are supporting a proposed update to the Fair Labor Standards Act's (FLSA's) definition of "regular rate" of pay. To clarify, the definition would continue to include most bonuses, shift differentials, on-call pay and commissions.

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How HR and Finance Can Work Together to Improve Employee Retention

Hppy

Saving this money would definitely make a difference. It would be best to start working with your HR to determine these vital KPIs and then hashing things out with your finance to see how much you can afford to spend on this incentive. A lump sum bonus or advance payment can sometimes be a huge help.

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How to Make Headway on Pay Transparency

Compensation Cafe

It's definitely time to check. It takes a process to achieve that definition of transparency, and notice that employees are the ones to determine when enough information is really enough. Have you measured your progress on pay transparency? What is pay transparency anyway, and how do I know when I get there?

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Pay Transparency Check-In

Compensation Cafe

The report provides a good working definition of pay transparency: ". Pay attention to that wording -- the definition refers to both "establishing" AND "communicating." Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

Definition Of Extrinsic Rewards. Extrinsic rewards are a type of incentive that motivates people by rewarding them with something tangible — such as praise, fame, or money — for achieving a specific goal. To retain such key people in your organization, you need to give them extensive career development.