Wage compression refers to the phenomenon in which new employees are hired at similar, or even higher, salaries than tenured employees in similar job groups. This can lead to feelings of unfairness and demotivation among tenured employees, resulting in a decline in employee morale and job satisfaction. A new study by Syndio, a leading provider of pay equity and fairness
Running a business requires a lot of decisions, but one of the most important is whether to hire employees or independent contractors. The decision you make will impact your business in significant ways, so it’s essential to weigh the benefits and drawbacks of each option carefully. The decision’s significance and its potential cost implications Choosing the wrong option can be
With the first wave of Gen Z entering the workforce, business leaders are confronted with the task of managing and working alongside a new generation that comes with unique challenges. Born between 1997 and 2012, Gen Z is recognized for its natural digital savviness, entrepreneurial spirit, and progressive values. However, recent research has revealed that many managers and business leaders
When bringing a new employee onto a team, the first few months of their employment can determine their long-term success with the company. Investing time, effort, and resources into onboarding and integrating new hires are critical to creating a thriving work environment. In this article, we will explore the importance of effective onboarding and the various ways managers can ensure
According to the most recent State of HR report, 2023 has been dubbed the Year of the Employee, highlighting the importance of prioritizing employees in the workplace. The report indicates that employees are increasingly becoming the center of the future of work, which signifies a shift in the priorities of HR professionals and employers. The concept of the Year of
Talent management is a crucial aspect of an organization’s success. The ability to attract, develop, and retain employees plays a significant role in shaping the future of a company. In this article, we will explore how talent management can help your organization achieve its strategic goals and objectives. Defining Talent Management as the Organizational Effort to Attract, Develop, and Retain
After weeks or months of a rigorous recruitment process, you may finally receive a job offer. You may think that after all the struggles you have gone through, accepting the first offer that comes your way seems like the best decision, but it’s not always the case. Sometimes the offer may not align with your career goals or expectations, requiring
In today’s digital age, traditional job interviews are slowly being replaced by one-way video interviews. While this may be a cost-effective solution for recruiters and companies, it can be nerve-wracking for candidates. As the name suggests, one-way interviews involve pre-recorded questions that candidates respond to in a video format. One-way interviews may seem intimidating at first, but with proper preparation,
Sales executives play a crucial role in the success of any organization, particularly those that rely on customer-facing interactions to generate revenue. As such, the process of hiring a sales executive is not one to be taken lightly. In this guide, we will explore the key responsibilities of a sales executive, their role in sales operations, the average salary for
The world is undergoing a rapid digital transformation, driven by technology. The ability to digitize services and products is disrupting businesses across the globe. Although developing countries have average internet penetration rates lower than those of developed countries, the future of the digital economy depends on getting more countries on board. To achieve this, developing countries need to prioritize the
Emerging technologies are transforming the business landscape in unprecedented ways. Early adoption of these technologies can deliver immense capabilities to your business, but it is not without risk. Inadequate due diligence can lead to huge pitfalls, while throwing caution to the wind and prioritizing being an early adopter can result in disastrous consequences. In this article, we will explore the
Employee retention is one of the most critical factors for success in today’s job market. With a low unemployment rate and a highly competitive job market, companies must work harder than ever to keep their talented employees. Failing to do so can lead to high turnover rates, loss of institutional knowledge, and increased recruitment costs. In this article, we will
