News & Events

Compensation studies are important tools that help businesses of all sizes, from Main Street to Wall Street, in the fierce competition for talent in an employee-centric market.

“Salary surveys are important enough that a full 80 percent of human resource professionals said they were consulting them in their business,” according to an article from Study.com.

During these uncertain times of the COVID-19 pandemic we are reminded of former United States Secretary of Defense Donald Rumsfeld’s “known knowns” quote which is popular in corporate strategic planning.

Rumsfeld said: “[A]s we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns — the ones we don’t know we don’t know.”

It is no secret that professional football is big business, but some people would be surprised how much NFL teams have in common with big companies such as Google and Amazon when it comes to measuring performances and using scorecards to target success.

Take the NFL 2020 season opener between defending Super Bowl champion Kansas City Chiefs and the Houston Texans, for example.

Critics of the performance review have long pushed for its extinction. And it's easy to jump on the bandwagon. When implemented incorrectly, performance reviews can feel outdated, cumbersome, and outright disingenuous. But when handled strategically, the performance review can bring benefits that far outweigh the cost of the process.

Here are five key reasons to keep and perhaps upgrade the performance review for your organization.

All businesses are bound by law to provide at least the legal minimum of employee benefits. What qualifies as the legal minimum varies by state and your company's size. Regardless of the legal minimum for your company, however, it makes good business sense to offer employee benefits beyond the basics.

Why Annual Reviews Are No Longer Adequate

Over the past few years, there has been a seismic shift in thinking when it comes to performance reviews. Most HR managers, department leaders and — perhaps most of all, employees — will love the fact that many leaders are rethinking performance reviews.