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Paying for Performance: How to Reward Productivity and Elevate Engagement
Under a pay-for-performance system, employees get rewarded for the right reason: job excellence. Paying for performance removes the subjectivity from compensation by establishing structured ways to measure an individual’s: performance productivity results How? Instead of showing you, we’d like to tell you a story … Meet William Every company has a William. Ever the go-getter, […]
Paying for Performance: How to Avoid Salary Compression and Other Compensation Pitfalls
In 2015, Gravity Payments, a Seattle-based credit card processing firm, tried something unorthodox: Chief Dan Price set a new minimum salary of $70,000, even sacrificing some of his own to make it happen. It made national news. Résumés poured in. But this seemingly heroic gesture also had unexpected consequences: Two of Price’s most valued employees […]
Take Action Against Restaurant Employee Turnover: Here’s How
If you own, operate, lead or otherwise run a restaurant, you’re well aware of the operational challenges of employee turnover. But can you quantify just how much it costs your restaurant? For years, the Bureau of Labor Statistics has reported turnover in the accommodations and food service sector at roughly 72%. The average cost of […]
3 Ways HR Can Combat Low Engagement
Like Jim Halpert constantly pranking Dwight Schrute on TV’s popular show The Office, employees can push the limits when engagement is low. Though it’s been noted time and again, another mention can’t hurt: Gallup estimates disengaged employees cost U.S. companies up to $550 billion in productivity per year. But what can be done about the […]
5 Ways Performance Management Can Lead to Unmanageable Costs
Performance management. It sounds like just another set of tasks on an HR professional’s to-do list. Which it is. But did you know each of those HR tasks has a cost attached? Ernst & Young recently conducted comprehensive research to determine costs associated with 41 common HR tasks and found performance-management functions are among the […]
How to Avoid Summer PTO Pitfalls
Summer means sunny weather, longer days, exciting vacations … and can mean checked-out employees. Wait one (very hot) minute? Sure, your employees might be distracted by thoughts of sandy shores or how to keep their kids busy between summer camps, but with the right communication, the season doesn’t have to be a drain on productivity. […]
The True Cost of Manually Managing Your Employees’ Time
You know the drill: Employee completes and submits timecard. Employer collects timecards. Employer verifies timecards. Simple, right? Yes. But also costly, if self-service technology is not part of the process. When you apply findings from Ernst & Young’s recent study on the true cost of manual HR tasks, the above steps accumulate quite the price […]
How Clubs Positively Impact the Workplace
Alongside food and shelter, a sense of belonging is another basic human need, according to Psychology Today. With the average American spending 90,000 hours at work over their lifetime, per Business Insider, that need is sought within the workplace, as well as outside it. Developing relationships between co-workers through shared common interests can drive engagement […]
How Goal-Setting Can Keep Employees Engaged and Out of a Slump
With graduation approaching for most high school seniors, members of this class are itching to move on to the next phase of their lives. Often, this manifests itself as a lack of motivation, fondly known as “senioritis.” When seniors feel it, they may not be as committed to completing schoolwork – or may perhaps ignore […]
What 4 Out of 5 Employees Would Quit For
If 80% of your employees were willing to leave your company for just one thing, you’d want to know what it is, right? Even more, you’d want to know what you can do about it, too. I’ll cut to the chase. That one thing? It’s development. According to the ExecuSearch staffing agency, more than four-fifths […]
How Manual Processes Harm Business and Halt Opportunities
Manual processes negatively affect your business – and it’s not just a blow to your bottom line. Employee engagement, compliance and recruiting efforts also take a hit. Reminder: Millennials not only want up-to-date technology, they expect it. And constantly making employees jump through hoops, organizational hierarchy and the occasional email chain to make a simple […]
How Manual Processes Cost You More Than Just Time
Let’s say that you need to take a weekend getaway. You want to get the best hotel rate, so you head over to the local library to find a business directory. After you write down the names and numbers of a dozen hotels, you step outside to start making inquiries. You call each hotel on […]