Many organizations often grapple with the dilemma of whether they are offering too little or too much in compensation. Striking the right balance is vital because inadequate compensation can result in high turnover rates and difficulties in attracting top talent. On the other hand, overpaying can negatively impact your organization’s bottom line. According to …
Tag: Compensation & Benefits
How to Survive a Minimum Wage Hike
On October 1, 2017 Alberta saw the second of three increases to the minimum wage, bringing it to $13.60 per hour. In 2016, the minimum wage was increased $1.00 to $12.20 per hour. At that time, many businesses were predicting significant harm to their ability to stay in business because of the increase in payroll …
HR Q&A: Round 2
As a company that proudly supports organizations across Canada, one of Salopek’s core Values is to provide accessible support and service to our clients. To us, Accessible not only means physically being available to pick up the phone or meet in your office, but it also reflects the effort we have made to reduce barriers …
Compensation Today – Getting it Just Right
When was the last time you measured how competitive your compensation program was? Over the past year the compensation landscape has changed drastically in Alberta due to the economic climate, and the impact has undoubtedly affected pay across Canada. Many organizations are cutting costs and eliminating positions to make it through this tough time – …
Strategies to Consider During a Downturn
As oil dips below $30 a barrel and the dollar dives to the lowest it’s been since 2003, it is hard to see clearly through the downturn doom and gloom. It is a critical time for organizations to assess their operations, budgets and teams and strategically consider their options for weathering the economic storm while …
The Quest for Work-Life Balance
Now, more than ever, employees have numerous commitments and obligations outside of the office and are constantly being pulled in many directions. A shift in technology in recent years has made it easier to stay connected to the workplace to the degree that some employees never fully “shut off” from work mode. It is because …
Millennial Mania – embracing the movement!
A couple of months ago I spoke at a conference and as I looked out at my audience my first reaction was – WOW this is a young group – I estimated that 75% of the people in the room were between the age of 20 and early 30’s. These are our Millennials. I also …
What Does Human Resources Do?
Beyond providing onboarding orientation, issuing weekly paycheques and knowing all your employee’s personal info, what exactly does the Human Resources department do? How do they add value to your organization? Listed below is an overview of a few key Human Resources functions and how they bring value to your company. Performance Management – Formalized and …
2015 Employer Wish List
What do your employees want from you in 2015? Which of their needs are satisfied and which are lacking? These are questions all managers should be consistently asking. Knowing the answers to these is part of incorporating Strategic HR into your organizational goals and vision for the coming year. We, at Salopek & Associates, took …
Redefining Employee Compensation
Be The Employer of Choice Gone are the days when more money meant additional interest from candidates. Companies are quickly realizing that, in order to effectively attract and retain quality employees, they must redefine their offering to ensure they are paying attention to what employees really want in the area of compensation. Perfect Package A …