Are your company’s wages in line with the market? Inflation is often the topic of conversation in the news and in everyday conversation. I recently read an article about Social Security increases, the largest in more than a decade, is on the horizon; you can check the article out here: Social Security Cost-of-Living Adjustment Could be the Highest in 13 Years. What does that mean for individuals? It means you should know your worth, or rather, know what the going rate is for your role. I’m currently working on a wage compensation study and researched the Consumer Price Index to
I could tell before he opened the door to the car that something had gone wrong at school. My ten-year-old gets in the car, sits down, and scowls. I ask him what’s wrong and he doesn’t answer. I ask his sister what is wrong and she says she doesn’t know. I’m afraid to have to tell him that we are now headed to do something that he does not like to do, which is to go to reading lessons. He loves his reading teacher, but he just hates to read. Especially when he is in a bad mood. Sister goes
Last week my colleague, Taylor, talked about the rise in hiring incentives that we are seeing in 2021. As of April, the national unemployment rate was 6.1%, and the rate in Alabama as of April was 3.6%, almost half of the national average. With the unemployment rate so low, employers who are now able to ramp their businesses back up post-Covid are finding it impossible to hire. So as Taylor mentioned, many are turning to offer sign-on bonuses or opportunities to win a prize such as a car in order to entice individuals to apply. It sounds great in theory,
I’ve heard it said SO many times recently. If someone isn’t working, they don’t want a job. Incentives are EVERYWHERE! Why people aren’t taking these incentives is a whole different topic for another day, but you can check out this recent LinkedIn article for reasons other than generous unemployment benefits: What’s going on in the labor market? While attending a conference last week, I spoke with a vendor from a staffing agency who was frustrated with his efforts to supply workers for their clients. He mentioned generous weekly bonuses and even better weekend bonuses. I noticed one organization offering a
The theme of the Alabama SHRM Conference and Expo for 2021 is “Embracing the Human in Human Resources” and organizational culture is a huge part of that goal. Craig Ellis, co-founder of our sister company MatchFIT, defined culture as “the unique way employers approach business and the unique way employees approach work” in his presentation Is Your Culture Attractive: What the Data Says Job Seekers are Looking for in an Organization’s Culture. According to Craig, 75% of candidates ask about an organization’s culture during the interview process. Unfortunately, the response too often given is a singular response. It’s the interviewer’s