According to the consulting agency Deloitte, recognition is closely associated with improving employee engagement, which in turn boosts job performance and organizational value. However, a 2021 report by Gallup says that "only one in three workers in the U.S. and Germany strongly [agrees] that they received recognition or praise in the past seven days for doing good work — and those who disagree … [Read more...]
What Is People Operations in HR?
The human resources function manages all things involving employees, including related rules, laws, policies and regulations. But as the HR function continues to evolve, greater emphasis is being placed on managing employees through People Operations. What is People Operations? Also called "People Ops," People Operations is an HR-related function that focuses on putting employees first. … [Read more...]
Where To Find Qualified Candidates With Disabilities
Not everyone who qualifies as "disabled" can hold down a job, but a considerable number of people with disabilities are working. Data from the Bureau of Labor Statistics shows that as of June 2021, the labor force participation rate for persons aged 16-64 with disabilities is 35.4%, compared with 33.5% throughout 2020. Employing people with disabilities enables you to grow your talent pool, … [Read more...]
Price Transparency Rules for Health Care Plans
According to the Peterson-KFF Health System Tracker, health care costs have increased at a steep rate over the course of the past five decades. In 1970, people were spending approximately $353 per person, and as of 2020, that number had climbed to a whopping $12,531 per person. Accounting for inflation, $353 in 1970 is equivalent to about $1,875 in 2020. This information was pulled from data … [Read more...]
How To Avoid Workplace Retaliation Claims
Every year, the EEOC receives thousands of complaints from employees who believe their workplace discriminated against them. Those who file have a wide range of complaints: They may have been denied a promotion or a job, unjustly fired, or paid less than other comparable employees. But in fiscal year 2020, a whopping 55.8% of cases fell into a category the agency calls retaliation claims. What is … [Read more...]
3 Tips for Discussing Pay With Your Employees
During the normal course of business, managers are typically required to have conversations with their employees regarding compensation. These discussions often revolve around setting pay expectations, communicating pay changes and responding to employees' questions about pay. Setting pay expectations As stated in an article published by the Harvard Business Review, it's important to "talk … [Read more...]
When Should You Hire a CFO?
When the financials of your company start expanding beyond basic accounting, you may find yourself in need of assistance when it comes to planning or analyzing your finances. If that's the case for you, it may help you to turn to someone who has a thorough understanding of the following: Financial strategy and forecasting — This entails the analysis of both current and previous financials … [Read more...]
4 Steps To Take When Investigating Workplace Incidents
According to the Bureau of Labor Statistics, in 2020, there were 2.7 million nonfatal workplace injuries and illnesses, as reported by private-sector employers. Upon hearing that one of these types of workplace incidents has taken place, the appropriate plan of action on the part of the employer is to open an investigation and take a closer look at the situation. As it currently stands, the … [Read more...]
Which Former Employees Are Eligible for Rehire?
The Harvard Business Review states, "Historically, leaving an organization was considered disloyal, and rehiring former employees was considered taboo." But with today's tight labor market and skills gap, and employees changing employers frequently during their career, many employers are considering bringing former employees back. There are pros and cons to this practice. On the upside, it's … [Read more...]
Demand Increasing for Nonmedical Benefits
Studies repeatedly cite health insurance as the most desired workplace benefit among employees. However, recent studies show an increasing demand for nonmedical workplace benefits. In November 2021, LIMRA reported that nonmedical benefits are expected to increase 20% by 2026. This data comes from a survey conducted by LIMRA and Ernst & Young. Findings from the survey: Employees have … [Read more...]
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