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How to Negotiate a Pay Raise

Abel HR

Ahead, we will explain the steps you can follow to negotiate a pay raise successfully. Before discussing a raise, you should do your homework. It could be someone in your industry or a recruitment consultant who can give you the latest updates. The post How to Negotiate a Pay Raise appeared first on Abel HR.

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How inflation affects pay raises

Business Management Daily

The result is lower turnover, better recruitment outcomes, and happier employees. Instead, take the road less traveled by funding your compensation budgets and giving workers the pay they deserve. The post How inflation affects pay raises appeared first on Business Management Daily.

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Half of employers offer financial remuneration to help employee retention

Employee Benefits

A quarter (26%) listed recruitment as their biggest challenge in terms of staffing, with pay increase requests ranked second at 22%. Here in the UK, there is concern among small business owners around the affordability of pay raises, with a huge jump to national minimum wage and national living wage due in April.

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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. For a pay raise to qualify as a merit increase, it must be performance-based and provide a permanent increase to a worker’s base salary. Here’s a look at other types of financial rewards and how they differ from merit pay.

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5 Best Strategies for Employee Retention

Hppy

There is a certain degree of overlay between recruitment and retention incentives. However, these are complemented by other factors like sustainable workload and periodic pay raises. Pay Raises and Variable Pay Benefits. Opportunities for Professional Development.

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Does Increasing Female Leadership Help Reduce Gender Bias in the Workplace?

COMPackage

Implementing a Gender-Neutral Recruitment Process. Review your entire recruitment process to eliminate any loopholes that would otherwise encourage gender bias. Blind evaluation processes, such as neuroscientific tests, help to remove any bias from the recruitment process. This will help bridge any gender pay gaps.

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Top 3 Hiring Trends for 2020

Best Money Moves

How employers are planning to expand recruitment efforts to attract and retain the right talent in a tight labor market. Employers are ready to pay up to combat the skills shortage in the new year. . More on Recruitment and Hiring Trends for 2020. Recruiting Trends 2020: Top 5 Features for Financial Wellness Programs.