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Financial Coaching Isn’t Enough

Recruiting Daily Advisor

Inflation, supply chain destabilization, and fears of a global recession have made many Americans worse off financially than they’ve ever been. Companies are taking action—their employees are struggling financially but, at the same time, have more job opportunities than ever before, and some are providing more financial coaching.

Financial 105
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10 Best Employee Financial Wellness Software in 2023

Recruiters Lineup

Financial stress is a significant concern for employees, impacting their overall well-being and job performance. In response, many employers have implemented financial wellness programs in the workplace to help employees improve their financial health, thus making informed decisions about their finances.

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What is a Good Compensation Package? How to Decode Salary, Benefits, & Perks

Zengig

While the role itself, company culture, and growth opportunities matter, compensation is, for many, the most important of all. So, what exactly is a good compensation package, and why should you care? What is a compensation package? Not all compensation packages are created equally.

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The Pillars of an Effective Compensation Management Process

HRsoft

The overarching objective behind your organization’s compensation management process is to pay your employees fairly without exceeding its budget. 3 Pillars Behind Effective Compensation Management Processes. Your compensation program can be used to strategically drive motivation within the workforce. 1 Attraction. 2 Retention.

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Tips for Developing a Powerful Compensation Philosophy

HRsoft

A compensation philosophy aims to ensure pay is market-competitive and aligned to the business strategy. To support these two factors, there are six components, or goals, of compensation philosophy: Attract top talent from the market. Keep in mind that compensation data may need to be reviewed outside of your specific niche.

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Contractor Management ROI: Financial Gains Beyond Project Completion

Transformify - Recruiting

By understanding this, financial gains for all parties will be all but guaranteed. HR professionals should ensure that payment terms are clearly outlined in contractor agreements to avoid disputes and delays in compensation. Contractor management comes with a different set of skills from typical HR work.

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Should Remote Compensation Be Based On Where Employees Live?

Eightfold

This has inevitably led organizations to question their pay scales; specifically, whether or not employee compensation should be based on the living expenses in the employees’ physical location. “To You cannot make such a big decision without closely examining the HR implications of a geography-based compensation policy.