Below you'll find a list of all posts that have been categorized as “Compensation/Cash Money”
I love the dance that begins once someone has accepted your offer and you’re now talking about a start date in the new role. Especially if they’re employed. Here are the usual intervals and what they mean to me. I’m sure you’ve got some adjustments to these definitions: For Those Currently Working: –No Notice Needed, I can start in under a …
John Vlastelica, the founder of Recruiting Toolbox, was recently in Japan for work and posted a bunch of cool learnings on Facebook about a major problem Japan is facing regarding their aging population. Japan has a crisis on their hands and the U.S. isn’t far behind: Japan’s population is living extremely long with the most citizens over 100 in the …
Merry Christmas. Can we still say that? Happy Holidays if that term is not allowed. But I digress… Candidates decline offers, hiring managers do irrational things, but sometimes a hiring manager can lowball an offer to a candidate ($20K or more, less than expectations) and get them to accept. If you are the hiring manager with a tight budget, this …
The more holiday seasons I work, the more I feel like Clark Griswold. If the name doesn’t ring a bell, the character certainly will. It’s the role Chevy Chase played numerous times, but most memorably in National Lampoon’s Christmas Vacation. A major plot point was how Clark was anxiously waiting to hear how large his Christmas Bonus was going to …
There’s a restaurant in Minneapolis called All Square. They make square grilled cheese sandwiches. They do not have any problems finding employees! Why? They only hire people who have been formerly incarcerated. Yes, you just read that correctly. They ‘only’ hire people who have spent time in prison for committing a crime. You know how you and I won’t hire someone …
I’m fascinated in how we compensate and incentivize employees. Not the actual process, but the decision-making process behind the what and how we do it. In my experience, how this usually goes is a two-level process: First Level: Someone has a hunch, or it’s being done this way somewhere else. Second Level: Someone in compensation searches for data to justify …
Last week The Wall Street Journal reported a 17-year high for folks leaving their roles to take new positions this year. This comes with reports of 30 percent plus increases for those in executive and management level roles. The average annual increase for employees this past year across all organizations in the USA is under 4 %, with promotions less …
You found a new gig and you’re excited about it. During the interview process, you developed immediate chemistry with the hiring manager/now boss, so much so that you decided to take a bit of a risk. You would have liked to receive a bigger offer, but you’ll make this work. Okay, so maybe it was a little disappointing that it …
You’ve all read about United Airlines replacing bonuses with a lottery and trying to tie it to their Core4 mission to become “known as the most caring airline in a highly-competitive industry”. It didn’t go over so well. In fact, it crashed and burned. The announcement was made public on a Friday, and by the following Tuesday United announced they …
For about 134 years I’ve been suggesting that to be good at HR you should be good at humans. Operations managers and factory foremen needed to know about the machines they were charged with maintaining and running at peak efficiency and HR should be judged similarly. If you are in HR, you are responsible for making sure the machines of …
