As we prepare for 2020, many companies are beginning to make plans for salary increases and compensation strategies to attract and keep top talent. The only problem is that US salary budgets are not projected to increase much in 2020. According to Stephen Miller, Online Manager/Editor of Compensation & Benefits at SHRM, “Salary-increase budgets for U.S. employers are projected to grow next year by just 0.1 percent above the actual average budget increase for 2019, confirming that wage growth isn’t accelerating much despite record-low unemployment.” So how can companies with low or nonexistent salary-increase budgets expect to secure and keep top talent? Well, it’s time to think outside the box.
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I’m sure you have seen the ads claiming that you can create an Employee Handbook in minutes. It seems too good to be true, right? Well…it probably is, or rather, it should be. The employee handbook is one of the most important employment documents and it should take some time to develop.
An employee handbook should be updated annually to stay in compliance with legal changes. Here are some areas to review when updating your company handbook.
A company holiday party boosts morale and shows you appreciate your employees, but the holiday party can also be a human resource nightmare. Here are some tips on how to host a great holiday party and limit your company’s liability exposure.
As legalization of marijuana use in the U.S. continues to rise, employers need to know how it affects the workplace. Here is what employers need to know.