A base salary only encourages an employee to work at the level that is required of them. Reward systems can improve employee job satisfaction and retain staff. Employee retention refers to the ability of an organization to maintain its employees. In most instances, employee retention can be represented by a simple statistic. For example, a rate of 70 percent indicates that an organization kept 70 percent of its employees at a given period of time. What many people do not…
As the workforce evolves, human resources departments are increasingly called upon to address a variety of challenging situations. Professionals in this field are tasked to manage reward systems, conflicts, organizational assessments, and numerous other duties while adhering to a strict code of ethics. And as current generations near the latter part of their careers and younger generations step into the workforce, Human Resources professionals are forced to mitigate the complications of an age gap among employees and the various problems…
An employee’s resignation can be a delicate situation, and handling it with the proper authority, attitude and knowledge can make all the difference in the smoothness of the transition. To handle the situation with the utmost professionalism and grace, it’s critical to fully understand the legalities and technicalities involved. Employee Resignation: The Proper Steps It’s important to always keep a professional attitude and follow the appropriate steps through human resources. There are two areas of an employee’s resignation process that…
HR professionals are faced with addressing global issues on an ever-increasing basis. This is true even for organizations that historically only operated in a domestic environment. Issues include global competition for products and services, global talent management, risk and privacy, understanding global diversity and cultural issues, flexible reward systems, leadership challenges, and managing international assignments. While many of the HR competencies apply to domestic HR practitioners, new and heightened global skills are required for HR practitioners to deal with international…