US employers are providing their employees with larger pay increases in 2023 than they have in years. According to new data from Mercer, annual merit increases have averaged 3.8%, while total compensation, which includes merit awards, as well as other types of compensation such as promotional, cost-of-living, and minimum wage increases impacting base pay, have […]
Read MoreNonprofits often face the challenge of competing with private industry and the public sector for top talent. While they may not be able to offer salaries as high as for-profit companies or benefits as comprehensive as those in the public sector, there are strategies nonprofits can employ to attract and retain high-quality employees. Let’s explore […]
Read MoreWe’ve had the chance to work with many great private-sector companies over the years. In fact, when we started most of our work supported financial services, healthcare, professional services, and manufacturing. Our latest success story highlights our human resources consulting and the work we do assisting organizations with assessing their pay practices and improving their […]
Read MoreMany employers are facing challenges in finding the right compensation levels for their employees in 2023, as higher pay is becoming essential for attracting and retaining talent. According to a recent SHRM article, here are some of the strategies they are employing: Higher Than Expected Pay Increases Data from consulting firm WTW shows that 70 […]
Read MoreEconomic Research Institute examines compensation rates and provides guidance on expected increases for the upcoming year. The fourth quarter of 2022 saw a higher level of growth at 1.39%, which is above the structure and budget growth rates predicted by their 2023 salary increase survey. Growth over the past year has been 4.14%, which is […]
Read MoreThe State of Ohio has released its new Minimum Wage poster. Ohio employers are required to post this in a conspicuous place where the employees can see the poster easily. Visit Ohio.gov to print your copy and post as many as needed in your workplace. Remember, if you have employees in other states you may […]
Read More
