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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. 
Top Stories: Lodging & Gaming
3 Types Of Family Travelers, Study Says
The results of this exploratory study, which focused on the influence of demographic (income, age, number of children) and psychographic factors (attitudes toward travel and life) on how families make travel decisions, were released today at the FTA Summit, held at the Mountain Sky Guest Ranch in Emigrant, Montana.
(Hotel News Now)   Read the complete article
Best Western Introduces New Name, Logo And Boutique Hotel Brand
Best Western Hotels and Resorts, as it will be called, will debut a new, more contemporary master brand logo for the first time since 1993. It will also introduce GLō, a new boutique hotel brand with affordable prices,
(USA Today)  Read the complete article
What Do Five-Star Hotels Do Differently?
Rest assured, no matter what your brand or luxury status, housekeeping remains a prickly beast and a constant challenge. Seventeen nights on the road in luxury hotels and one would think that the results are all coming up like daisies. Well, I wish I could report perfection but alas this is not so!  
(Hotels Magazine)   Read the complete article
Top Stories: Healthcare
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
10 CEOs: The One Healthcare Problem I'd Like To Fix Tonight
Throughout the past year, we've asked hospital and health system CEOs this question: "If you could eliminate one of the healthcare industry's problems overnight, which would it be?"
(Becker's Hospital Review)  Read the complete article
Physician Leaders Lack Confidence In Nonphysician Leaders On 6 Top-Of-Mind Issues
Rising healthcare costs, improving physician satisfaction and reducing unnecessary care that is not evidence based are among the issues top-of-mind for physician leaders, according to a recent survey from the American Association for Physician Leadership and the Navigant Center for Healthcare Research and Policy Analysis.
(Becker's Hospital Review)  Read the complete article
Top Stories: Human Resources
The Best Job Candidates Don't Always Have College Degrees
Degrees and good grades have long been proxies for the kind of cognitive skills required for jobs in knowledge industries. But many say that these credentials don't meaningfully predict job performance, and companies are starting to catch onto that.
(The Atlantic)  Read the complete article
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
NLRB Targets Quicken Loans' Employee Handbook
The National Labor Relations Board says mortgage giant Quicken Loans overly restricts its employees' free speech and filed a complaint that could have long-ranging effects on what workers are allowed to say about their companies on social media sites such as Facebook and Twitter.
(Detroit Free Press)  Read the complete article
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WageWatch provides valuable compensation and salary surveys online across multiple industries and geographic markets to human resource professionals, hiring managers, associations, employers, and other executives at the best price. Our cost-effective online salary and compensation surveys and reports are designed to help employers with hiring employees, employee retention, employee pay and recognition, employee benefits, budget planning, market pricing jobs and salary range decisions.
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