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What is Unicorn Hiring?

HR Lineup

In the world of business and recruitment, the term “unicorn” originally referred to privately-held startup companies valued at over $1 billion. Traditional recruitment methods may not be sufficient to identify and attract these exceptional individuals.

Health 246
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Golden handcuffs: Should employers use them on top talent?

Business Management Daily

Someone is said to have golden handcuffs whenever their job’s perks, such as high salaries or compensation plans, are too attractive to leave. His new job featured many benefits and a six-figure salary, but he knew a high-pressure work environment would be the trade-off. What are golden handcuffs?

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What Is Internal Mobility and Why Do You Need It?

HR Lineup

It contrasts with external recruitment, which involves hiring new employees from outside the organization. This is the traditional form of career progression where an employee is promoted to a higher position, often involving increased responsibilities, a higher level of authority, and typically a higher salary.

IT 246
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Why You Need a Total Compensation Report: Unveiling the Hidden Value for Employees – Includes a Free Sample

COMPackage

Employees increasingly seek a clear understanding of the complete value proposition their employer offers, going beyond just base salary. Total Compensation Reports (TCRs) address this need by providing a transparent breakdown of all compensation elements, empowering employees and fostering a win-win situation for both parties.

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Total Compensation Report: A Sample Guide for Effective Communication

COMPackage

Employees crave a clear understanding of not just their base salary, but the entire value proposition offered by their employer. Demystifying the Value Beyond Salary Traditionally, compensation discussions often focused solely on base salary, leaving employees unaware of the significant value employers offer through benefits and other perks.

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48% of employers have invested in benefits due to economic climate change

Employee Benefits

Nearly half (48%) of employers have boosted investment in their benefits package over the last 12 months in response to economic climate changes, according to research by benefits provider Zest. Salary (46%) was the next largest factor, followed by demands for better employee benefits packages (43%).

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Building Trust Through Transparency: The Total Compensation Statement Sample Explained

COMPackage

By providing employees with a clear and comprehensive overview of their total compensation package, including both direct pay (salary or wages) and indirect benefits, TCSs can significantly enhance employee satisfaction, loyalty, and engagement. Incentive Compensation: Any bonuses, commissions, or other performance-based pay.

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