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Modern Compensation Strategy Best Practices

Bonusly

No matter how large or small your business is or what industry you work in, chances are, you’ve thought about how best to determine compensation for your employees—especially if you are a company or HR leader. They may need some updating to align with the compensation best practices below.

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The Affordable Care Act, and Why You Can’t Afford to Ignore It [UPDATE]

ACA Times

I wrote a five-part series about the ACA for “Construction Business Owners Magazine” in 2015. During the war, with millions of men in military service, employers had to compete for scarce workers. 5 minute read: It’s always interesting to look back and see how the contours of a law changes in time.

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Compensation In The Real World

Compensation Cafe

I once supervised a Compensation Analyst who had spent much time attending professional seminars and workshops. One result of that education was that when faced with a challenge at work she would repeat her class experience by saying, “the greatest minds in Compensation say that. “. Picture your head banging against the wall.

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Hiring People and Defining Compensation? Then Antitrust Laws Apply

Ceridian

Antitrust laws govern the behavior of HR professionals, management, and anyone else involved with hiring people and defining compensation and benefits. Someone with an in-demand skillset will likely command a higher salary or better benefits if employers who need their skillset are competing. For many HR professionals this is not news.

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Human Resource Management Career: 15 Career Paths You Can Follow in HRM

Analytics in HR

While HRM will vary depending on the industry and size of the company, it generally involves recruitment, taking care of employees’ wellbeing, training and development, building a positive work culture, managing compensation benefits, and dealing with any employee grievances.

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7 Ways for Reducing Employee Turnover at Your Business

6Q

According to statistics from Organisation Science magazine, a retail worker who makes $8 per hour costs a company several thousands of dollars when he leaves. Using skills competency tests to screen potential employees is a good way to reduce the risk of hiring the wrong people. Offer competitive compensation and benefits.

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6 big soft cost savings associated with HR outsourcing

Insperity

Because what’s more valuable for you and your business – that you spend lots of time getting mired in HR issues or that you focus on your core competencies and the big-picture things that: Attract customers Increase market share Drive revenue Are more personally fulfilling to you That’s not to say that HR issues aren’t important.