It is important that compensation is linked to an organization's overall goals and strategies and aligned with Human Resource strategy. Not doing so, can lead to serious issues of employee retention, engagement and productivity that can be laborious and expensive to repair. Compensation for many organizations is the single largest business expense and is visible and important to employees, managers and stockholders.
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Top Stories: Lodging & Gaming
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200 Hospital Benchmarks
Hospitals across the nation are competing in a number of areas, including quality and price, and many use benchmarking as a way to determine the areas most in need of improvement. The continuous process of benchmarking allows hospital executives to see how their organizations stack up against competitors as well as national leaders.
(Becker's Hospital Review) Read the complete article
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Top Stories: Human Resources
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Why Annual Engagement Surveys Are Ineffectual
The Washington Post said it best: "Big business is falling out of love with the annual performance review." Some of the world's most admired organizations, like Accenture, Deloitte, and most recently, GE, are eliminating traditional annual processes for evaluating employee performance in favor of "more frequent conversations."
(HR Morning) Read the complete article
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