The economy has been under a structural transformation since the late 1960s with a shift from a manufacturing economy to a service economy. This shift means that the people in the workforce compete on the basis of knowledge and expertise compared to labor efficiency. In this regard, the workforce has become increasingly competitive with job …
Powerful Compensation Strategies to Retain Top Talent Read More »
The median number of years that an employee works in an organization is 4.1 years. It is also estimated that most people will switch jobs 12 times in their life time. So, losing your best employees to the competitor is not only a loss, but a reality. There may be a need to identify underlying …
Tell-Tale Signs Your Best Employee is About to Quit Read More »
Compensation is a hygiene factor that is essential for employees. The absence of a well-developed compensation plan can have a negative impact on an employee’s motivation, thus impacting performance. With 80% of best-in-class employers offering health insurance and effective compensation reducing organizational attrition by 56%, the benefits of well-rounded compensation plans cannot be denied (Source). …
it’s not enough to have purpose yourself. you have to create a sense of purpose for others.
Mark Zuckerberg
