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Most Popular Employee Benefits
Employee benefits are an important factor in attracting and retaining talented employees. Companies that offer competitive benefits packages tend to have more satisfied and loyal employees. So what are the most desirable benefits according to workers? There are many different types of employee benefits that companies may offer to their employees, but some of the most popular ones include:Read full post
Non-Traditional Benefits That Attract and Retain Top Talent
The best workers do the best and the most work. But many companies do an awful job of finding and keeping them.
It is becoming harder to attract and retain top talent working within your business. Financial rewards are one thing, and a lot of companies simply increase the pay offered to try and attract the best talent, but this isn’t the only possible solution. If you don’t have the money to do this, or you want to find alternative ways to attract talent, there are things you can do, and methods that you can pursue to make yourself an attractive employer. One of these methods are benefit programs such as retirement benefits, health insurance plans, paid time off, equity and many more. They can have a significant impact on employee engagement and retention.Read full post
Signs Your Company Needs a Systemic Wage Raise
Over three million Americans have left the workforce since the start of the COVID-19 pandemic. From baby boomers retiring at record rates to a drop in women in the workforce, current employment conditions might be causing problems for your business. The labor market is tight. Meanwhile, inflation and an uncertain economy are leading many to question their career goals. In such an environment, it might be time to institute a systemic wage raise across your organization, modernizing the way you pay your workers.
To address problems with your payroll, however, you’ll need to first spot the signs of trouble. Luckily, any hiring and payroll manager can look out for three prominent items that determine whether or not it’s time for a wage increase across the board. Here are the signs you need to watch for.Read full post
Why Your Employees' Financial Problems Are Your Problems
While most organizations understand that wellness programs lead to more engaged and productive employees, forward-thinking ones understand that financial wellness must also be considered as part of the package, especially in the middle of a pandemic. Financial wellness is a crucial part of mental and emotional health, and the reality is that lots of people are currently worried about their finances.
A National Endowment for Financial Education study found that 75% of Americans who belong to low- and middle-income households have grown more concerned about their finances since COVID-19 hit, leading them to dip into their retirement and savings funds or incurring debt from loans—even households with emergency cushions have felt the brunt of the pandemic. The pandemic has exacerbated financial stress for many Americans, and this negatively affects their work performance and overall well-being.Read full post
Administering The Payroll Process Smoothly
One of the essential parts of any company is the people who work in it. The work team is the differentiating value of a business organization, as it has the skills and knowledge necessary for companies to meet the proposed objectives and plans. There are several factors that must be taken into account before hiring staff. One of them is payroll. In simple words, payroll is the financial record of your employee’s wages, bonuses, and deductions.Read full post
How to Use Benefits to Attract Top Millennial Talent
"Within the next two years, 50% of the U.S. workforce is expected to be made up of Millennials". Dynamic Signal
How To Ask For A Raise
Women work for free for more than two months of the year because of the gender pay gap. To help women fight for equal pay on International Women’s Day, we want to provide some support and advice.Read full post
Four Ways To Boost Job Satisfaction Without Giving Employees A Raise
Employee satisfaction has been declining steadily over the past few decades. In 1987, 61.1 percent of employees reported job satisfaction. By 2016, this had dropped to 45 percent. Compensation is the top or second-rated driver of employee satisfaction for employees of all age groups, Society for Human Resource Management research shows. Giving your employees a raise is obviously going to make them happier with their job, but it’s not always feasible for budgetary reasons. Fortunately, there are also non-financial incentives you can give employees that will help improve their satisfaction and engagement. Here are four ways you can boost your workers’ job satisfaction besides giving them a raise.
Three Common Payroll Problems And How To Handle Them
In 2013, the Internal Revenue Service administered 6.8 million penalties for payroll reporting errors, costing businesses $4.5 billion, according to IRS data. About 45 percent of businesses incur an average of $845 per year in payroll penalties, according to statistics cited by the SBA. In addition to IRS penalties, payroll problems can hurt your cash flow, create friction with your employees and threaten the livelihood of your business. Here are some tips on how to avoid some of the most common payroll mistakes.
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Money is the Worst Incentive
The most typical motivation plan is to reward top performers and ignore everyone else. It is common knowledge that if you want something done at work, offer a bonus!
Dan H. Pink, a leader in motivation, work and management, explains that the way we think about cash bonuses is backwards from what we would expect. Interestingly, studies show bonuses actually de-motivate workers instead of encouraging them. In a clever RSA video Pink explains how rewarding top performers causes worse performance and that when employees are paid enough money, it is possible to incentivize them using other, far more successful, techniques that result in increased engagement and loyalty.
In his video, Pink lists three things that actually do lead to better performance:
Mastery: We all want to get better at something. This is why some of us use our free time to learn how to play the guitar or study photography; we aspire to learn a new skill or craft for the pleasure and satisfaction.
Purpose: we all want to feel like we are making a contribution. If money and profits matter without a sense of purpose bad things happen. Service becomes lame, products are bad and work becomes uninspiring.
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AboutInsightlink Communications are experts in employee survey design, data collection and analysis. Since 2001 we've helped companies of all sizes measure and improve their employee satisfaction and engagement.
4Cs Blog Home
Wishing Our Valued Clients and HR Professionals a Happy and Stress-Free Thanksgiving!
Empowering Your Team: Proven Strategies to Uncover and Develop Hidden Talent
How to Build a Positive Company Culture Using Social Media
The Importance of Workplace Environment in Employee Engagement
The Domino Effect: Promoting Wisely to Retain Top Talent
Employee Surveys (85)
HR Practices (81)
HR Technology (29)
Performance Reviews (2)
Work/Life Balance (34)
Engaged Employees Blog
HR ToolKit Guide to Employee Surveys
Good info on how to write surveys
Makes 360 assessment surveys easy.