article thumbnail

The Effect of Inflation on Attracting and Retaining Talent

Broadleaf

When the national labor shortage is combined with the declining value of the dollar resulting from inflation, it becomes clear why expectations around employee compensation are changing. To put things in perspective, compensation is now lower than it was in December of 2019. Trading Economics sees compensation trending up 3.6

article thumbnail

Unconventional Goldmine: Tapping into Unrelated Industries to Boost Your Organization’s Talent Pool

Contract Recruiter

This exercise can help you create a comprehensive skills matrix that serves as the foundation for your cross-industry recruiting strategy. Highlight the benefits and opportunities your organization offers, such as a collaborative work environment, competitive compensation packages, and ample opportunities for growth and development.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Tips for Embracing the 80/20 Rule With Employee Talent

ExactHire Recruiting

One person may be purely driven by compensation; whereas, others might live for the flexible working arrangement you offer or the student loan debt assistance benefit you just rolled out. In fact, a stay interview is a great time to do this exercise. Does that statement describe the state of compensation in your organization?

article thumbnail

Contender or Pretender? Identifying Both in Sports and at Work

Recruiting Daily Advisor

This same exercise is happening now in the NBA, which began its season less than a month ago. Can the Boston Celtics shake off their early-season rust and become the top team in the Eastern Conference that many predicted? Believe it or not, they have turned themselves into contenders for a playoff spot.

Sports 40
article thumbnail

Guide to Hiring Employees in Estonia

Recruiters Lineup

Overtime work is regulated by law, and employers must ensure that employees are compensated appropriately for any additional hours worked. The maximum allowable overtime hours and the rate of compensation are stipulated by law, and adherence to these regulations is mandatory.

Hiring 92
article thumbnail

How to Build Strong Teams When Several Members Work Remotely?

Recruiting Blogs

The success of a team working remotely relies on various factors such as access to updated and advanced technology, communication amongst the employees, team building exercises, etc. Video conference technology : Video conferencing apps available to us are extremely helpful for remote teams to come together and share information and ideas.

ADP 40
article thumbnail

Bleisure Travel: An Exercise in Flexibility

Recruiting Daily Advisor

She continued, “When you’re on a work trip, for example, you can stay a couple extra days, or you’re able to tag things on because you’re already traveling so much and so frequently to do things like trade shows and conferences to facilitate the growth of your company.”.

Travel 59