Over the last two years, employees have come to appreciate the benefits to a fully remote or hybrid work environment. These benefits include saving time commuting, more productivity, schedule flexibility, and better work / life balance.
We are facing an interesting time in compensation. The events of 2020 and 2021 have left a mark on how both employers and employees view work.
There are a lot of advantages to working in a family – run business. The family ties can create a strong culture of values and ethics.
Have you considered offering unlimited PTO? Our partners at Terkel asked HR/recruiting professionals and business leaders their insights on offering unlimited PTO and the benefit it brings to remote, hybrid and in-person workplaces.
Entering 2022, HR leaders are finding themselves still battling 2021’s HR storms. We are still contending with COVID-19 issues, and the Great Resignation continues to rage in 2022.
2021 has flown by! We find ourselves at the end of another year. In this last Astronology® for 2021, we will recap some emerging HR trends we saw in the year.
What elements do employers need to consider when creating incentive pay plans? Our partners at Terkel asked HR/recruiting professionals and business leaders their insights on developing incentive pay plans.
Today, our workforce is more complex than ever, spanning multiple generations and demographics.The world’s current workforce includes a mix of “Baby Boomers” (currently ages 57-75), “Gen X” (currently ages 41-56), “Millennials” (currently ages 25 – 40), and “Gen Z” (currently ages 9 – 24).
Current Economic Climate and Impact on 2022
2021 has been a year of surprises in administering employee compensation programs. Among the changes and challenges in 2021 are the following:
These factors have led many to rethink past and current compensation strategies as we move into 2022. According to SHRM, when planning for 2022:
Consider the future of the organization.
A recent PricewaterhouseCoopers survey showed that 68% of companies invested in reskilling or upskilling to handle changes within the organization. 65% invested in training employees on new technologies.