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Several surveys show that employers are planning on a 4 percent pay increase in 2024, down from the 4.4 percent delivered in 2023 and up from 3.1 percent in 2021, which was the approximate pay increase percentage for several years…
Read More Employers are planning on a 4 percent pay increase in 2024
Organizations typically conduct their annual performance reviews and make decisions on merit pay increases and pay adjustments at the end of the year. Employers need to remember that the most effective and innovative teams are built on trust. Executives need…
Read More How to ensure your performance management engenders trust
As HR Departments finalize their strategies and budgets for 2023, their workforces face daunting challenges. According to The Conference Board, the US economy will continue to restrict and achieve only 1.5 percent GDP growth by the end of 2022 and…
Read More Seven HR Strategies in the War Between Executives and Employees, 2023
Updated on September 27, 2022 Three national human resources professional organizations have released their predictions of salary increases for 2023. Their results show that while recruiting and turnover are expected to ease slightly, high salary increases will continue into 2023.…
California may join Colorado in requiring companies that post jobs to disclose hourly pay rates and salary ranges. Washington and New York states may soon follow. Fortune 1000 companies frequently follow the trends of large states like California and New…
Many organizations trying to fight falling employee engagement numbers are making a mistake. Frankly, now is not the time to deal with such matters. Instead of launching another employee engagement survey, listen to your employees’ frustrations and begin to work…
Read More Stop fretting over falling employee engagement. Go to the source.
There is long-standing empirical research demonstrating how corporate culture improves organizational innovation, productivity, and profit. Now, evidence is emerging that healthy organizational cultures are also the best way to beat the Great Resignation. Two weeks ago, MIT researchers uncovered that…
Read More Corporate culture drives business performance — and employee retention
Organizations have been talking about changing performance management for years. Many in the past ten years abandoned forced performance rankings or have eliminated performance reviews all together. Others like Facebook have reinstated performance ranking. Compelling business challenges -- more than…
Read More Why and How Performance Management Will Change in the 2020s
The labor shortage in the US will be long-lasting because of low birth rates, retiring baby boomers, immigration that is not up to the demand for skilled and unskilled labor, and the difficulties of automating professional services. To overcome these…
To alleviate stress for new remote workers, many companies stopped their performance management systems during the pandemic’s peak. But rather than stopping performance management, they should have focused on accelerating their organization’s ability to be agile. The best performance management…
