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4 Ways To Financially Support Your Employees (Other Than Raises)

Allwork

Considering that, for the first time ever, more than 50% of American workers earning six-figure salaries are stretched too thin, it stands to reason that what employees need more than anything is a lesson on financial literacy. They teach employees how to budget, plan, and prepare for anything. Unfortunately, this just isn’t the case.

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Should Your Company Be Labor Hoarding? HR Leaders Share Why They Believe The Answer Is Yes

Allwork

Companies are more concerned with mitigating costs than they are hiring new team members. . Amidst the consequences of the pandemic, companies are more concerned with mitigating costs than they are hiring new team members. . Allwork.Space spoke to three HR leaders to gauge their opinion on the practice of labor hoarding. .

Payroll 274
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‘The Big Stay’ – it’s time to invest in employees, not to cut costs 

Workplace Insight

Freezing salaries, pausing promotions, adjusting bonuses, scaling back on staff perks and reducing training budgets become go-to tactics for managing the costs of static workforces. Organisations can build intelligent, flexible and resilient teams as sources of value creation. Here’s three key areas to focus on.

2024 52
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Finding a Voice in the Future of Work

Success

In the cold twice-daily budget meeting room, our no-nonsense beat editor called on each reporter to boldly lay out their soul—er, story idea—for review. Hint: it goes way beyond salary and PTO. Let’s just say I didn’t spend a lot of time striking up conversations with strangers or chatting up the police desk. Maybe it is.

2015 238
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Who’s Stuck With The Bill?

Allwork

You may need to make your own pension or retirement contributions from your salary if your employer is not contributing towards that. . Plus, if the team is fully remote, employers may be able to avoid paying property insurance costs, or heating/cooling bills. . When do employers cover the costs of working remotely?

Expenses 313
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Dry promotions: Definition, considerations, and guidelines for employers

BMT Office Administration

This type of promotion saves the company money, but can be frustrating for employees who understandably expect a higher salary for their hard work in their new role. The key here is to keep your word, set a clear timeline, and provide a salary increase as soon as there is room in the budget.

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The Art of Problem-Solving: 4 Creative Strategies to Tackle Your Biggest Obstacles

Success

You launched this side hustle in 2017 but recently left your salaried job to take this business seriously. . You look at your monthly budget and see that by signing only two new clients per month, you can not only cover your expenses, but also stash some cash. The problem-solving strategy : The McKinsey Method and Issue Tree.

Salary 312