Performance Evaluation Facts To Keep Millennials Engaged & Productive

Performance Evaluation Facts To Keep Millennials Engaged & Productive

By 2020, millennials will form the largest part of the entire U.S. workforce. Reports say that millennials constantly change their jobs, if they don’t feel valued or find no career growth at their current workplace. To meet their expectations, companies are trying to figure out ways to engage and retain millennial talent. Out of many […]

Why Appreciating and Rewarding Employees is More Important Than Ever

Why Appreciating and Rewarding Employees is More Important Than Ever

Appreciation is a basic human need! Experts believe that praise and recognition have always been crucial in improving employee productivity, engagement and retention. Managers, HR and the leadership need to understand its significance and the positive impact it has on business growth. A simple thing, such as a shout out in a team meeting or […]

Top 3 Lessons to Engage Millennial Workforce

Top 3 Lessons to Engage Millennial Workforce

By 2020, millennials will make up nearly 50% of the entire global workforce. Millennials or also known as Gen Y is soon going to outnumber baby boomers and generation X in the population count. Soon, we will see millennials becoming managers and future leaders, and dominating each business sector. According to a PWC report, 63.3% […]

Compensation Planning Tool Retains Top Talent & Empowers Managers

Compensation Planning Tool Retains Top Talent & Empowers Managers

Compensation planning is more than giving pay cheques or using multiple benefits to attract, hire, engage and retain top talent. Measuring employees’ performance with respect to organizational goals gives a fair basis to distribute compensation. Whether we blame lack of technology, economic issues or any other business factors, compensation management remains to be a major […]

Employee-Manager Relationship: What Do Employees Expect from Their Managers?

Employee-Manager Relationship: What Do Employees Expect from Their Managers?

Inspiring leader, quick problem solver, empathetic person, multi-tasking colleague and compassionate mentor are some of the qualities that employees generally expect in their manager. For instance, some employees admire a hands-on boss whois always concerned to ask his team members “How are things going?” While others don’t wish to see their boss, except for annual […]

Why To Choose A Reliable Compensation Planning System

Why To Choose A Reliable Compensation Planning System

Compensation planning is one of the best HR practices that encourages use of different pay benefits to attract, recruit and retain best talent. Employers look up to Compensation Management as a powerful way to reward high performing employees for successfully achieving their goals. unfortunately, not all organizations are good at managing and implementing compensation plans. […]

Employee Attrition: How Much Does It Cost Your Business?

Employee Attrition: How Much Does It Cost Your Business?

Do you know what employee attrition really costs your organization? You might be speculating the answer, but it’s not that easy to say! Corporate people often discuss and debate over increasing employee turnover causes, issues and costs. Many people believe that turnover costs are hidden. It means employee turnover costs are neither calculated in the […]

Retain Top Talent By Focusing On Pay-for-Performance Plans

Retain Top Talent By Focusing On Pay-for-Performance Plans

What it takes to stop high-performers from leaving an organization? Can’t think of a better answer? Let me tell you… Implementing well-designed and effectively managed pay-for-performance plans help in retaining top talent! Performance-based compensation approach motivates employees in many unique ways. It ties employee’s remuneration directly with company goals. An efficacious pay-for-performance system makes it […]

Employee-Manager Relation: An Integral Part of Employee Management

Employee-Manager Relation: An Integral Part of Employee Management

Inaccurate results… delayed projects… procrastination… overdue monthly targets… no job satisfaction… improper employee management… Aren’t these words enough to illustrate what’s wrong in a team? They are. There’s no denial to the fact that poor relationships unfavorably affect work and cause immeasurable damage to company results. Believe me, many people feel reluctant at work just […]

Pull Yourself Together to Combat & Reduce Employee Turnover Rate

Pull Yourself Together to Combat & Reduce Employee Turnover Rate

Yes, you heard it right! It’s high time to keep an eye on rising employee turnover rate because it is directly affecting your company’s bottom line. According to a CAP study, it is found that average cost to find a replacement for a low-paying job is 16% of the annual salary (estimated for the salaried […]