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Compensation Challenges for Family Businesses

Astron Solutions

Since employees are often related to each other, developing and maintaining fair & appropriate compensation plans can be difficult. Additionally, COVID-19 has presented challenges for all organizations, including family-owned business. Unique Compensation Advantages and Challenges for Family-Owned Businesses.

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Checklist for HR Department: A Step by Step Guide

HR Digest

Startups rarely have a dedicated HR staff, and often there’s one person handling all human resource affairs such as hiring, payroll, benefits and compensation, grievances, and other employee-related tasks and queries. Create a profile file for the present employees too. Create a compensation and benefits document.

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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. Senior leadership may want to consider being present.

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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? That’s why controlling workers’ compensations costs is so important to your bottom line.

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Sterling Talent Solutions Cleveland Office Honored for Second Year as One of the Best Workplaces in Northeastern Ohio

Sterling Check

The NorthCoast 99 Best Workplace Award is a representation of how well Sterling Talent Solutions compares to other organizations in Northeast Ohio for treating their employees across a number of areas including challenging and meaningful work, compensation and benefits, work/life balance and more. The program is presented by ERC.

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Ten Higher Ed HR Stories That Defined 2023

Cupa HR

And, though it may feel like unprecedented change is the new normal, timeless HR topics like onboarding and compensation strategy also captured readers’ attention in 2023. Retention and Recruitment Our members offered real-world case studies of talent management and attraction in these feature articles in Higher Ed HR Magazine.

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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.