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How to handle compensation during uncertain times

Insperity

When businesses go through a crisis resulting in abnormal (or interrupted) operations and significant economic challenges, many companies look to their compensation budgets as an obvious means of cutting costs. Creative compensation strategies for struggling businesses in crisis. Hiring freezes.

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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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Is a career in HR right for you?

HR Digest

HR professionals are responsible for several functions: supporting and developing the workforce of an organization, compensation, and benefits of employees, employee training, recruitment and hiring, placement work, information systems, and assisting employees. How to Get Started in Human Resources? Flexibility.

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How to reduce workers’ compensation costs: 3 proven strategies

Insperity

Are you struggling with how to reduce workers’ compensation costs for your business? If not, do you understand the sizeable risk that workers’ compensation claims pose to your business, and do you have a plan in place for when these claims arise? How to set up a safety program. Set up a safety program.

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The Re?al Politik of Compensation

Compensation Cafe

I once supervised a Compensation Analyst who had spent a great deal of time attending professional seminars and workshops. She had attended these instructional sessions to learn about Compensation as part of her professional development. So, you ask, why doesn’t Compensation theory match with compensation reality in the workplace?

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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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How to tackle wage growth and remain competitive in a tough market

Insperity

In these uncertain times , how can leaders make optimal compensation decisions for their employees’ benefit while still controlling business costs and maintaining compliance? Understand cost of labor versus cost of living – and decide which will drive your company’s compensation philosophy. Establish a compensation strategy.