Archive for March, 2019

Pay Transparency — It’s the Way to Go

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Pay fairness, or the perception of fairness, is often cited as the reason employees choose work for or leave a company. While it may seem like enough to provide competitive salaries and benefits packages, studies consistently show that pay transparency may be the key to successful recruitment and retention. Companies like Whole Foods and Uber are well known for their implementation of pay transparency practices and the positive impact it has had on their employee satisfaction, organizational loyalty, and productivity. These companies may take it to the extreme, providing complete transparency with individual salaries, but the success of implementing some…

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Demote or Terminate?

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Poor performance or unprofessional behavior in an employee is never an easy issue for supervisors. We value our employees and want to see them succeed, but having an employee that causes disruption creates a stressful and unpleasant situation for everyone involved. In situations like these, often a line is drawn; consequences are inevitable and the question becomes: demote or terminate? Studies show that 52% of demoted employees will leave their organization within a year but in some cases demotion, retraining, etc. may have a positive effect. The best way to avoid having to terminate or demote employees is to promote…

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The Keys to Employee Development

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Building the perfect team for your organization is challenging; keeping that team engaged, productive, and growing can be even more difficult.  Studies show that 70% of Americans feel stagnant in their current position and plan to seek positions elsewhere in order to ensure their own professional development. While setting aside time to understand and implement employee development strategies can be difficult, it is key in retaining the best and brightest employees. Employee development planning is an opportunity to empower individual growth that is in line with future organizational goals. It not only allows you the opportunity to improve retention, organizational…

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Blockchain – Revolutionizing HR

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Blockchain (cryptocurrency like bitcoin, etc.) has been one of the most talked about technological advancements in recent years.  Discussions range from investments in different types of digital currency to how it will affect human resources and modern employment processes.  Quite a few global tech savvy companies have reported completely revamping their systems to accommodate the growing blockchain technology. With new technology comes challenges; understanding and implementing new processes can be a challenge, especially with something as new as blockchain. Blockchain is essentially a decentralized database where exchanges can be made (of data, money, information, etc.) without the involvement of a…

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