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It’s that time of year again – the dawning of mid-year compensation reviews! For managers and HR professionals involved in mid-year reviews, this may bring a sense of dread or increased stress as they struggle with an increased workload and the need to stay current on the latest salary and compensation rates. So, how do […]
Written by Rosie Greaves, LaborIQ Staff Writer on April 25, 2022
Sometimes, using HR spreadsheets is like working in handcuffs all day. It’s possible, but it’s a little painful and, at times, tricky to manage. After all, when you’re laser-focused on nothing but entering data and creating spreadsheet formulas and formatting, precious time is lost, and often so is the bigger picture. Yes, compiling reports is possible with […]
Written by Rosie Greaves, LaborIQ Staff Writer on April 22, 2022
Budget season is now underway for many organizations. Headcount planning is a major factor in developing the annual budget. The primary task of headcount planning is analyzing current employee headcount compared to future hiring needs by line of business, department or project based on the company’s overall goals and strategy. It takes into account the […]
Written by Rosie Greaves, LaborIQ Staff Writer on April 21, 2022
When employees enter a new workplace, a three-month probation period is common. At the 90-day review, managers typically evaluate the employee’s overall performance, productivity, cultural fit, and employee satisfaction. Naturally, this is an excellent opportunity to check-in and encourage the new recruit to keep up the good work. But in some cases, the 90-day review […]
Written by Rosie Greaves, LaborIQ Staff Writer on April 11, 2022
LaborIQ reports that 4.3 million Americans quit their jobs in January 2022. Consequently, there were 11.3 million job openings the following month. The cause? Many believe the pandemic was the catalyst to what we’ll call the Great ReAssignment, as more people are hopping jobs as wages increase across industries. Workers have reassessed their work/life balance. […]
Written by Rosie Greaves, LaborIQ Staff Writer on April 7, 2022
What would you do if one of your best employees gave notice? For 62% of managers, the answer is to make a counteroffer. But is a counteroffer the right move to try and stop employees from leaving? For many, the answer is “yes.” This isn’t surprising considering the trajectory of the recruiting process and time lost […]
Written by Rosie Greaves, LaborIQ Staff Writer on April 5, 2022
Is your talent pool drowning in student loan debt? Even prior to the pandemic, some employers had begun to offer student loan repayment programs as part of their overall compensation package. As the economy rebounds to more pre-pandemic norms, companies can expect this employee benefit to remain in high demand. Good for Employee Retention […]
Written by Rosie Greaves, LaborIQ Staff Writer on April 5, 2022
Thanks to COVID-19, remote working became the norm, with around 70% of people working from home during lockdowns. On a larger scale, 16% of companies went entirely remote, and 62% of workers say they’re now part of a hybrid working arrangement (for the uninitiated, this is a mixture of location-based work and remote working). Given these stats, a major consideration is […]
Written by Rosie Greaves, LaborIQ Staff Writer on April 4, 2022
