The modern workforce is undergoing a significant transformation characterized by a growing reliance on freelancing, contract employment, gig work, and contingent labor. This shift is altering the traditional employment landscape, offering both employers and employees new opportunities and challenges. With the rise of digital platforms and technological advancements, freelancing has become a vital component of contemporary HR strategies, paving the
Employee retention is a critical issue for organizations aiming to maintain a competitive edge in today’s fast-paced and dynamic business landscape. High turnover rates not only increase costs but also lead to the loss of institutional knowledge and can severely impact employee morale within a company. It’s vital to understand the reasons why valuable employees leave and to implement targeted
In the wake of the COVID-19 pandemic, remote work has become a widespread practice, with many employees now accustomed to the flexibility it offers. However, this flexibility comes with hidden costs, notably in terms of career progression and compensation. Studies have found that remote employees are statistically less likely to receive raises or promotions compared to their in-office counterparts. This
Ageism in the workplace is not just a phrase thrown around in HR seminars; it profoundly impacts employee morale, productivity, and overall workplace culture. The 2024 State of Ageism in the Workplace report by Resume Now brings this issue to light, revealing that a staggering 90% of workers aged 40 and older have faced age-related discrimination. This goes beyond occasional
Employers of seasonal workers need to be well-versed in the proposals of the Employment Rights Bill. Misunderstanding or ignoring these could lead to tribunal proceedings and reputational damage. With the festive period’s usual influx of new faces in the hospitality and retail sectors, seasonal spikes are met with a larger temporary workforce. However, as these workers return to the job
The payment of bonuses to employees is a common practice in many organizations. However, when it comes to calculating regular pay and overtime, the classification of these bonuses as discretionary or non-discretionary becomes crucial. In this article, we will delve into the distinctions between discretionary and non-discretionary bonuses and explore their implications on an employee’s regular rate of pay. Furthermore,
