Entering 2023, HR leaders are finding themselves battling economic uncertainty like never before. Rising inflation rates have affected every industry. As of December 13, 2022, the U.S.
Compensation
4 Signs It’s Time to Invest in Microcredentials
Many nonprofits tend to focus most of their energy on fundraising, pursuing donors, and managing volunteers. However, dedicating time and effort to prospective and current staff members is just as important to keep operations running smoothly so you can further your mission.
As your nonprofit’s human resources department might tell you, there are plenty of challenges associated with hiring, training, and retaining staff.
Planning for 2023: Incentives, Bonuses, and Variable Compensation
As with our review of 2023 compensation budgeting in the last Astronology®, predictions on how variable compensation will unfold next year are challenging.
2023 Compensation Budgeting Forecast
Part 1: Base Pay Adjustments
2022 has certainly been a topsy-turvy year. Unemployment is at record lows (lowest in 50 years), but inflation has also been its highest (hovering between 8% and 9%).
Juggling the Challenges of Remote Employee Compensation
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.
HR Issues in Family Run Businesses: Keeping the Lines Clear
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.
Compensation Programs and the Great Resignation
As a direct result of the ongoing COVID-19 pandemic, 2022 finds us facing high inflation rates. We’ve seen prices rise 7% – in everything from cars and housing, to gas, food, and furniture.
Compensation Consulting: The Ultimate Guide (+ Top Firms!)
Employee Compensation 101: What Your Org Needs to Know
Astron Solutions’ 2021 Wrap-Up: Our Key Takeaways
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.