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

Workplace Insight

It’s the type of trend that often triggers cost cutting. 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. Declining staff turnover is being dubbed The Big Stay.

2024 52
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Experts Predict 2023 Will Be the Year of ‘Quiet Hiring’—Here’s What to Expect

Success

This can lead to raises and promotions for those overachievers, and less of a cost burden on the company to onboard a new team member. But it depends on how the company goes about it, and if they are compensated for additional tasks or just expected to do more for the same salary. How do employees feel about quiet hiring?

2023 273
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Recruiters Must Avoid These 7 Hiring Mistakes At All Costs

Recruit CRM

As per the US Department of Labour, the cost of making a bad hiring decision can be as much as 30% of an employee's annual salary. In this article, Recruit CRM is thereby helping you explore 7 such common mistakes which recruiters should avoid making at all costs.

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Recruiters Must Avoid These 7 Hiring Mistakes At All Costs

Recruit CRM

As per the US Department of Labour, the cost of making a bad hiring decision can be as much as 30% of an employee's annual salary. In this article, Recruit CRM is thereby helping you explore 7 such common mistakes which recruiters should avoid making at all costs.

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7 Tips On How to Get a Promotion From “Show Your Worth” Author and Former IBM Executive Shelmina Babai Abji

Success

This calls for two steps—inflation to decline, which could happen, or for salaries to increase, match or exceed it. Since that factor is out of our hands, we should focus on something within our control, like our personal career trajectories and the best timing and method to seek a raise or a promotion.

Promotion 279
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EA BreakThrough Story #1: from Admin Assistant to 6-Figure Work/Life Balance

Executive Assistant Breakthrough

Read on for this EA Breakthrough story about a badass woman who: Switched fields Built a work-life balance that allowed her to thrive Got promoted from Admin Assistant to Manager Started earning 6 figures. Despite relatively low salaries, the staff was expected to give 150% effort, including extra hours of their time. Bold Decision #2.

Salary 52
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How We Need To Adjust To The Future Of Work – A personal interview with Bonnie Low-Kramen by Karen Mangia for Thrive Global

Bonnie Low Kramen

Never again will I have to bear the attacks on my self confidence and self-esteem, but I will never forget how it feels. Base salary is only one way to earn money. The gaps can be bridged with compromise and staff may be asked to contribute a percentage of the cost of certain training. Professional Development?—?Training