Remove Bonuses Remove Employment Remove Pay Raise Remove Recruitment
article thumbnail

How inflation affects pay raises

Business Management Daily

One might think inflation negatively affected employers as well—maybe interest rates were too high, or they lost too much money and couldn’t kick any down to workers—but that notion doesn’t hold up under scrutiny. Some saw typical wage growth and bonuses, but most of us received salary cuts as inflation ate up more and more of our paychecks.

article thumbnail

What’s a merit increase, and should your business use them?

Business Management Daily

Retaining top performers has become a serious challenge for recruiters in recent years. As such, employers must do everything they can to attract and retain high-performing employees, and issuing regular merit increases is one of the best ways to do so. A staggering 50.6 It’s not just a bonus, either. What is a Merit Increase?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to tackle wage growth and remain competitive in a tough market

Insperity

Whether you realize it or not, if you’re hiring employees or giving out pay raises, your company already has a compensation philosophy. Because it: Serves as the foundation and principles for how your company pays its people. Examine why your pay practices are in place. Embrace pay transparency. Nearly all U.S.

Salary 97
article thumbnail

How to tackle wage growth and remain competitive in a tough market

Insperity

Whether you realize it or not, if you’re hiring employees or giving out pay raises, your company already has a compensation philosophy. Because it: Serves as the foundation and principles for how your company pays its people. Examine why your pay practices are in place. Embrace pay transparency. Nearly all U.S.

Salary 82
article thumbnail

Is Your Employee Asking for a Raise? Here’s What to Do

Patriot Software

What do you do when an employee is asking for a raise? What to do when an employee is asking for a raise. According to one report , 37% of workers have asked for a wage increase from their current employer. If you don’t prepare, you won’t know what to do when an employee asks for a raise. Examine pay raise alternatives.

article thumbnail

Guest Post: What Do Caregivers Look for in a Job?

Hireology

As you work to make your recruitment strategy as effective as possible, it’s important to have a clear understanding of what caregivers look for in a job and why they would choose your agency. What this means for your agency : Many home care owners worry that the only way to combat caregiver shortages is by paying significantly more.

article thumbnail

Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

Employees Prefer Benefits Over Pay Raise. Similarly, 89% of younger employees aged 18-34 and 84% employees aged 35-44 favor benefits to pay raises. Below listed are some employee benefits which employees feel are better than pay raises: Health Insurance. Disability Insurance. Corporate Discounts.