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Why do managers wait for a resignation to sit own with a valued employee and understand what it would take to keep them? Frankly, it doesn’t make sense. A better approach is to institute regular stay interviews with at least your key players. Of course, in most small and midsize businesses, most employees ARE key players.
Ten years ago I completed my certification in Compensation Management, about the time the Great Recession hit. This was bad timing on my part. Employers didn’t do much with compensation for years. Although the recession officially ended in 2012, [...]
On March 7, the Department of Labor (DOL) announced that the salary level for white-collar exemption would increase. Do you feel like you have seen this before? Yes, you have! And that’s because in November 2016 the Obama administration [...]