It’s a situation every manager dreads. You have to tell each of your team members that there’ll be no salary increases for the foreseeable future. Far from an enviable position, but one that does come with a silver lining. Money isn’t the only perk that motivates staff. So, the question remains: when you can’t offer people an annual raise, what’s a good alternative? Here are nine ideas.
Category Archives: Employer Tips
Ask any business where salary ranks in importance for attracting and retaining talent, and you’ll likely get a range of responses. Whatever your opinion, it’s still essential to know whether you’re offering a competitive salary. Employees talk to employees at other companies, and they certainly can do the necessary research to determine if you’re paying them what they’re worth. To ensure you’re setting compensation at a competitive level, we recommend you do the following before posting your next job opening.
We all know mentorship is important. It’s one of the most effective ways of developing – and retaining – new talent within an organization. If someone has recently asked you to become a mentor, or you’re currently working with a mentee, here are steps that will help ensure you’re both getting the most out of the relationship.
With record low unemployment rates and multiple options for employment, the war for talent continues to intensify. To remain competitive, successful employers are embracing the following seven trends.
As we welcome in the New Year, the time couldn’t be better for employers to set some resolutions around retention and recruitment. After all, employees are busy making a few of their own, and one resolution in particular could have quite an impact on business. Sixty-two percent of workers made plans last year to change their professional lives. You have an opportunity to make sure your best employees don’t follow through on these resolutions by resolving to set your own.
Over the last decade or so, the business community has seen quite the surge in corporate-giving initiatives. After all, corporate social responsibility (CSR) naturally improves a company’s image. If you’re not a big corporation, which often has an entire team focused on CSR initiatives, you may be wondering what you can do to help others. Finding ways to give back can take a lot of creativity, but the following may help produce some ideas for your company.
Creating a workplace philanthropy program is one of the best ways to improve a company’s reputation in the community. But workplace philanthropy, and the reputation that comes with it, also does a lot for a company’s ability to both recruit and retain talent. Learn how your organization can create philanthropic initiatives that benefit both the business and the community-at-large.
Deciding what to give employees is often the hardest part of the holidays — second only to how much you should spend. While giving gifts to your team isn’t mandatory, nor is it allowed in all organizations, you probably want to show them just how much you care. Here are some ideas on how to get gift-giving right this time of year.
Part 1 of this series discussed the importance of customer appreciation and why having a strategy to show your gratitude is crucial to your business. We all like to feel valued and appreciated. In fact, 79 percent of customers want brands that “understand and care about” them. Customer appreciation ideas founded on a sincere desire […]
“Gratitude is not only the greatest of virtues, but the parent of all the others.” Cicero Every one of us wants to feel cared about – and this basic need applies across all areas of life. We want to know that we matter, that we make a difference. That we are seen by and acknowledged […]