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In the world of business and recruitment, the term “unicorn” originally referred to privately-held startup companies valued at over $1 billion. However, the concept of the unicorn has since expanded beyond finance and tech sectors to describe rare and exceptional job candidates. Unicorn hiring, therefore, is the process of recruiting these exceptional individuals who possess a unique combination of skills, experience, and qualities that make them exceedingly rare and highly valuable
According to Deloitte, 54% of employees prefer verbal "Thank you" for their day day-to-day accomplishments The statistics here demonstrate that the power of a simple 'thank you' has not waned off its charm. Gratitude is all it takes, no matter how big or small, to ignite motivation in employees. This motivation drives them to go above and beyond in their roles, exhibit higher levels of creativity, and contribute to a positive workplace culture, inevitably boosting employee perf
Human resource (HR) professionals play a leading role in keeping any organization functional and successful. They’re responsible for acquiring and retaining talent, developing and engaging employees, and so much more. But without the benefits of a well-crafted HR strategy , they’ll lack the direction and resources they need to advance your company’s immediate and long-term objectives.
What do remote work, artificial intelligence advancements, and video conferencing tools all have in common? They’re all significant contributors to the rapid digitization of the modern workplace. Digital transformation has been skyrocketing since the pandemic in 2020, with digitalization increasing by an average of 6 points across the world’s advanced economies the year after.
Get ready for the future of business. As HR navigates an ongoing labor shortage, leaders need stronger, more adaptable recruiting strategies. Do you have the tools you need to build a talent pipeline that drives sustainable business growth?
Estimated reading time: 4 minutes Knowledge management is the process of organizing, using, and sharing knowledge within the organization. According to IBM, there are three types of knowledge: tacit, implicit, and explicit. Tacit knowledge is acquired through experience. An example of tacit knowledge could be leadership skills. Explicit knowledge is captured in documents like manuals, reports, data, etc.
In the latest updates to the job cuts occurring this year, one of Microsoft’s DEI teams has just been let go. DEI job cuts have grown in number since 2023, and Microsoft is not the first company to make the move, however, the increasing number of cuts is causing employees to become concerned. The decision came to light after the team lead sent out an email to other staff members at the organization, sharing their thoughts on the move.
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Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
In the latest updates to the job cuts occurring this year, one of Microsoft’s DEI teams has just been let go. DEI job cuts have grown in number since 2023, and Microsoft is not the first company to make the move, however, the increasing number of cuts is causing employees to become concerned. The decision came to light after the team lead sent out an email to other staff members at the organization, sharing their thoughts on the move.
Running a small business involves juggling numerous tasks, and managing payroll can be one of the most complex. Ensuring employees are paid accurately and on time, while complying with various tax laws, is crucial. Fortunately, payroll software can simplify this process. Here, we review the 10 best payroll software options for small businesses in 2024, detailing their features, pricing, pros, and cons to help you make an informed decision. 1.
Discipline forms the backbone of a productive and thriving workplace. However, the real problem arises when employees disregard company rules and act on their own. This creates a crisis and addressing it becomes crucial for the organization. The central challenge lies in striking a delicate balance between correction and motivation. Navigating these complexities of employee discipline for HR professionals proves to be a formidable task.
Many companies are recession-planning and looking for ways to cut costs. But employees remain top of mind for employers, with 55% of businesses saying they will not reduce salaries if there is a recession, and 47% saying they will not reduce benefits. That’s because benefits are critical for attracting and retaining talent. As such, it is critical to make a strong case for employee benefits during the budget conversations with leadership.
As our workforce evolves, so must the way we support it. With more employees choosing to work beyond age 65, HR leaders are increasingly being called upon to guide aging employees through one of the most complex transitions in their professional lives - from employer sponsored plans to Group Medicare. Without clear guidance, confusion around eligibility, coverage options, and cost implications can lead to uncertainty and missed opportunities for optimized benefits.
Estimated reading time: 3 minutes A couple of years ago, I published an article about how an “ organization’s technology strategy needs to include building the perfect tech stack ”. It’s still true today. A quick refresher: a tech stack is a grouping of technology services that are “stacked” together to create the best, most effective, and efficient process possible.
NSEU union workers at Samsung are on an indefinite strike in Hwaseong, South Korea, uniting in their demand for better benefits. The National Samsung Electronics Union had attempted a one-day strike last month and then announced a three-day strike earlier this month. Samsung union workers have attempted to initiate negotiations with the company over pay and benefits but the tech giant has been reluctant to come to the table to discuss the conditions laid out by the workers on strike.
In the ever-evolving landscape of modern workplaces, maintaining employee satisfaction and motivation is paramount for organizational success. One effective strategy to achieve this is through job enrichment. Job enrichment focuses on enhancing a job’s inherent elements to make it more rewarding and fulfilling for the employee. This comprehensive article delves into the meaning, methods, models, benefits, and real-world examples of job enrichment, providing a holistic understanding of this
From friendly competition to recognition to making salsa from scratch, workers thrive when they participate in intentional relationship-building experiences.
ChatGPT is a powerful tool that can help you quickly brainstorm, draft, and refine tasks on your to-do list. But it can take a bit of strategy and practice to get generative AI to give you the time-saving results you’re looking for. Try these 14 detailed prompts to unlock the power of ChatGPT. You'll discover ways to streamline tasks for hiring, employee engagement, and performance management.
PayrollOrg’s annual Payroll Leaders Conference (PLC) is back to unveil next-generation training to payroll professionals through four innovative certificate programs and three general sessions. The conference will be hosted at the Rosen Plaza Hotel in Orlando, Florida, September 23-25.
The Americans with Disabilities Act (ADA) is the leading disability rights law in the United States. It offers crucial protections to individuals with disabilities, including those who use service animals. Business owners often understand how to accommodate customers or the public with service animals. However, they might not know how to make similar accommodations in the workplace.
Estimated reading time: 4 minutes I recently wrote an article about “ How to Write an Email that Others Will Read ”. It provides great tips and reminders about sending good email messages. After the article was published, it occurred to me that another common form of business communication is text messaging. So, I reached out to my community again and asked them tips for writing a professional text message.
A robust benefits package that includes health coverage is an important recruiting tool for every employer. However, soaring medical costs can make offering health benefits challenging for small business owners with limited budgets. Luckily, health reimbursement arrangements (HRAs)— specifically the qualified small employer HRA (QSEHRA)—can help small employers overcome this challenge.
The benefits landscape is shifting rapidly, and AI is at the center of this transformation. From optimizing health and wellness programs to predicting future benefits needs, AI is empowering HR and total rewards leaders to make smarter, more proactive decisions. The challenge? Understanding where AI fits in your strategy and how to leverage it effectively while keeping employee well-being at the forefront.
Interviews can be nerve-wracking experiences, especially when you’re not sure how to effectively convey your skills and experiences. One of the most effective techniques to tackle this challenge is the STAR Method, a structured approach to answering behavioral interview questions. This article will delve into what the STAR Method is, why it is important, and how to use it to shine in your interviews.
The Iowa Department of Revenue has a new website at revenue.iowa.gov. The new site combines tax.iowa.gov and abd.iowa.gov. Find links to state tax agencies and more using PayrollOrg’s Resource Library.
Interviews traditionally start with one question, “ Tell me about yourself.” It feels simple enough at first glance—you’ve lived your life and know everything that you’ve experienced before. However, when faced with the question in an interview, many of us freeze up with no idea what the best way to respond is. As a multifaceted individual, there are likely many different things you can say about yourself, but you only have a little time available to get the most relevant information out.
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
Did you know employers can enhance their benefits offerings by incorporating voluntary benefits? But what exactly are voluntary benefits, and how can employers design an effective plan? We sat down with Hugh McDaniel, manager of channel partnerships at WEX, to get his insights on crafting voluntary benefits plans that meet the diverse needs of employees.
With millions of Baby Boomers retiring every year, Millennials and Generation Z dominate the workforce. There are 49.5 million Millennial workers and 17.3 million Gen Zers in the U.S 1. These younger generations have brought many unique and diverse perspectives to how we live and work, and the healthcare market and employers must keep up to meet their expectations.
The concept of remote work has evolved significantly over the past few years, especially with the global pandemic accelerating the shift towards flexible working arrangements. Companies across various industries are now offering remote positions to attract top talent and enhance employee satisfaction. For job seekers, this means a wealth of opportunities accessible from the comfort of their homes.
Managing benefits administration is costly, and cutting corners in the wrong places can lead to disengaged workforces and the risk of non-compliance. This eBook from Selerix highlights areas where you can save without compromising the value of benefits. Proactively Thinking: Make decisions for the long run. Discover ways to be proactive in your decision-making to save money in the future, not just temporarily.
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