Recruiting Top Performers with Creative Incentive Packages with Kevin D. Monaghan What are employees looking for in compensation packages? Is it really ALL about the money? What we’re finding in today’s business world is that many employees are looking for a more holistic approach from employers. They want benefits packages that include flexibility, gym memberships, […]
Most – if not all – employee review processes seem to work as well as the rating system in Lake Woebegone, where all the women are strong, all the men are good looking, and all the children are above average. At Intel, they found that almost everyone was being rated as “successful” each year, which […]
A colleague used to work for a major corporation where the two founders – who started the company in their garage – were still at the helm. In the early days they gave all their employees Thanksgiving turkeys. They continued the tradition even when they employed several thousand people. It was seen as a pleasant […]
If you were getting paid what you’re really worth, would your paycheck go up, or down? Don’t worry, I won’t make you answer that question, but it does put into focus an important issue: How to determine the pay rate for a position in your small business. A recent PNC Economic Outlook Survey found that […]
Did you know your company has an employment brand? Whether by design or default (usually by default) every company has its own employment brand. I talk to many small business owners who tell me they have difficulty attracting and retaining the talent they need to grow their businesses. They typically blame their inability to provide competitive salary and benefits packages to their employees. But money isn’t always the biggest motivator for employees today — particularly younger workers. Many job seekers place more importance on the quality of the work environment when making a job choice.