Bulletproofing Your Compensation

The economy has been expanding for over eight years and economists expect continued growth for the foreseeable future. Wages are increasing and people who have been out of the workforce are returning. Yet U.S. businesses continue to report a shortage of qualified candidates for open positions. A survey by staffing firm Adecco found nearly [...]

By |2019-10-07T05:45:34-07:00September 18th, 2018|D.G. McDermott|0 Comments

The High Cost of Losing an Employee

We've found that business owners - especially those in middle market companies - are often surprised by how much it costs to replace an employee. According to Zane Benefits, a CAP study found average costs to replace an employee are: 16% of annual salary for high-turnover, low-paying jobs (earning under $30,000 a year). So [...]

By |2019-10-07T05:45:00-07:00September 17th, 2018|D.G. McDermott, Employee Compensation|0 Comments

Gridlocked: 2019 Salary Budget Increase Projections

Our economic growth is flourishing! The United States’ unemployment rate is as low as 3.9 percent, as reported by the United States Bureau of Labor Statistics (BLS) and our real gross domestic product (GDP) increased at a rate of 4.2 percent in the second quarter of 2018, according to a “second estimate” by the [...]

By |2019-10-07T05:44:32-07:00September 11th, 2018|Financial, Phillip Blount & Associates|0 Comments

Gain a Competitive Advantage with Pay Equity

Barely a day goes by without some mention of pay equity. Whether it’s in the news or in a briefing from your legal firm or HR society, there is quite a buzz about pay equity – and for good reason: The National Women’s Law Center (NWLC) published a report based on the most recent [...]

By |2019-10-07T05:47:50-07:00September 7th, 2018|Compensation Works|0 Comments