Kansas City, Kan. – With 2017 pay increase budgets stagnant at 2.9 percent, employers are experiencing a rise in voluntary turnover among their staff. With the average voluntary turnover rate reported as 9.8 percent compared to 7.9 percent three years ago, employers must rethink their strategies in recruiting and retaining an engaged workforce in today’s…
Kansas City, Kan. – With 2017 pay increase budgets stagnant at 2.8 percent, employers are experiencing a rise in voluntary turnover among their staff. With the average voluntary turnover rate reported as 13.5 percent compared to 10.4 percent five years ago, employers must rethink their strategies in recruiting and retaining an engaged workforce in today’s…
Kansas City, Kan. – The average pay increase budget projected for organizations in 2014 is 2.8 percent, up slightly from 2.7 percent reported for 2013, according to Compdata Surveys’ national survey of 40,000 U.S. employers. More than 80 percent of participating organizations indicated having a formal pay range in place, and the average pay range…
Kansas City, Kan. — Rising insurance costs are forcing employers to re-evaluate the benefit options offered to employees in an effort to reduce their bottom line. Recently, United Parcel Service (UPS) announced changes to their medical insurance plans that will end coverage for working spouses of UPS employees, beginning in 2014. Cost reduction measures are…
Kansas City, Kan. – Wednesday is Administrative Professionals Day(R) and administrative assistants and secretaries across the country are being delivered cards, flowers and treated to lunch in appreciation for the services they provide. In addition to the gestures bestowed on this increasingly valuable group of employees, many have also enjoyed increasing salaries over the past…
Kansas City, Kan.– There have been a number of companies making headlines over the last year as details of various wellness initiatives have been leaked to the public. CVS Caremark being the latest, now requires each of their employees to receive health screenings to include weight, cholesterol, blood sugar and blood pressure, or face a…
Kansas City, Kan. – Scrutiny of executive pay has seen a steady rise over the past few years, due in part to stringent SEC disclosure regulations and the Frank-Dodd Act say on pay requirements. Executive perquisites play no small part in these examinations as many companies offer them as a way to entice and retain…
Kansas City, Kan.– It’s no surprise that with a looming nursing shortage, obesity at epidemic levels and baby boomers entering their golden years that there isn’t any foreseeable end in sight to the rising cost of healthcare. In fact, the 2012 Compensation Data Hospitality survey results reported the average annual cost of insurance per employee…
Kansas City, Kan.– With slow economic growth and minimal pay increase budgets to work with, it’s no wonder companies continue to count every dollar when it comes to benefits planning. Human resources professionals, who are also dealing with the demands of employees to offer more comprehensive coverage, have found that offering voluntary benefits may be…
Kansas City, Kan.— It’s no surprise that with a looming nursing shortage, obesity at epidemic levels and baby boomers entering their golden years that there isn’t any foreseeable end in sight to the rising cost of healthcare. In fact, the 2012 Compensation Data Banking & Finance survey results reported the average annual cost of insurance…