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How to Retain Employees in a Climate of Competitive Recruiting
Food for thought: having a strong retention strategy is a key differentiator between you and your competition. Why? Even in the current economic downturn, companies are still hiring and top talent is being heavily recruited. How your employees are onboarded, compensated, and treated throughout their tenure with your organization matters. Join this chat among three great leaders and CEOs as they share the most important factors in long-term employee retention that hold true through every economic season.
Forbes - Real-Time Market Compensation Data Is Not A Panacea
Written by Enrique Esclusa, Co-Founder & Co-CEO, Assemble How do you decide what to pay an employee? This is a simple and important question with a complex answer. With a volatile labor market, global inflation, and the continued rise of distributed work, it has never been more difficult to answer this question.
Forbes - For An Empathetic People Strategy, Start With Compensation
Written by Lisa Wallace, Cofounder & Co-CEO Assemble Compensation is the single most important component of the employee-employer relationship, and as such, should be the bedrock of an organization’s people strategy. Despite its central importance, it is common for even well-intentioned companies to let building a robust compensation program take a backseat to other initiatives. Doing so is dangerous. It weakens a company’s ability to attract and retain talent, especially diverse talent, and it hurts employees and the people who depend on them. As we head into a year of looming economic uncertainty, HR leaders intent on building effective and inclusive people strategies should begin with compensation first.
Forbes - Five Hidden Costs Of Employee Attrition
Written by Lisa Wallace, Cofounder & Co-CEO, Assemble The cost of employee attrition is higher than you think. The recent tech downturn has catalyzed a dramatic cooling of the once-hot tech labor market, causing more than 100,000 layoffs as of March 2023. As organizations adapt to this period of austerity and refocus on profitability, their HR strategies are moving from a talent attraction focus to one of talent retention.
Forbes - Compensation’s Role In The Rise Of Strategic Finance
Written by Enrique Esclusa, Co-Founder & Co-CEO, Assemble We’re witnessing the Finance function reinventing itself as “Strategic Finance” in real-time, shifting from a supporting function focused on analyzing the past to driving decisions that play a central role in shaping their company’s future. Finance teams are tasked with planning, analyzing, and supporting the allocation of a company’s financial resources. Naturally, this has always involved compensation, as it typically represents the largest operating expense for a company. But in this new era, merely overseeing compensation will not suffice — Strategic Finance teams must be deeply involved in understanding compensation, helping drive strategic decisions over their company’s most important investment: their people.
Forbes - Compensation Is Hitting Its Digital Transformation Moment
Written by Lisa Wallace and Enrique Esclusa, Cofounders & Co-CEOs, Assemble Compensation is experiencing its digital transformation moment. What is the full value of my compensation? How was it determined, and by whom? Am I paid competitively in the market? With the 2022 merit and bonus season behind many of us, and a year of looming economic uncertainty ahead, more employees and companies across America are asking hard questions about compensation than ever before.