Blog

It’s Decision Time for Your Compensation Plan

Keep Insights — Mon, 08 Apr 2024 12:00:00 GMT

TLDR: Shit or get off the pot when it comes to your bonuses.

Redefining Severance: Leverage Technology for Accountability

Keep Insights — Wed, 03 Apr 2024 23:36:43 GMT

Severance agreements are intended to provide a safety net for employees transitioning out of a company and to protect the interests of both employers and employees. However, in practice, these agreements often fall short of their intended purpose. Former employees may fail to uphold their obligations, and severance payments may not effectively incentivize compliance. The result? A lack of accountability and potential financial loss for employers.

Employee Forgivable Loans Can Be Unforgiving: Users beware!

Rob Frohwein — Thu, 08 Feb 2024 18:01:46 GMT

One of the most effective (and underutilized) strategies that companies use to attract top talent is the forgivable loan – a practice that has recently come under scrutiny following Morgan Stanley's attempt to collect a $6 million recruiting loan balance. This move has sparked a legal battle, shedding light on the complexities and potential challenges associated with forgivable loans - especially in the financial sector. If Morgan Stanley had structured this program differently they could have avoided all issues.

Are you part of Generation F*cked? Compensation Predictions for 2024

Rob Frohwein — Wed, 07 Feb 2024 00:04:03 GMT

We have Gen X, Gen Y, Gen Z … and now, even my own Gen Z daughter wonders whether the incoming Generation along with the others, should be referred to as Gen F*cked. With close to80%of employed adults as shift workers, and75%of those leveraging solutions like early wage access to pay for groceries, rent, gas, and childcare – it’s clear we need to do a better job supporting today’s workforce.

The Employee Flywheel: How To Build Business Momentum By Hiring And Retaining The Right Talent

Rob Frohwein — Thu, 25 Jan 2024 04:22:54 GMT

"Picture a huge, heavy flywheel—a massive metal disk mounted horizontally on an axle, about 30 feet in diameter, 2 feet thick, and weighing about 5,000 pounds. Now imagine that your task is to get the flywheel rotating on the axle as fast and long as possible. Pushing with great effort, you get the flywheel to inch forward, moving almost imperceptibly at first. You keep pushing and, after two or three hours of persistent effort, you get the flywheel to complete one entire turn. You keep pushing, and the flywheel begins to move a bit faster, and with continued great effort, you move it around a second rotation. You keep pushing in a consistent direction.... It builds momentum... Then, at some point—breakthrough! The momentum of the thing kicks in your favor, hurling the flywheel forward... You’re pushing no harder than during the first rotation, but the flywheel goes faster and faster. Each turn of the flywheel builds upon work done earlier, compounding your investment of effort." (Good to Great, Jim Collins)

Is it time for a Chief Performance & Retention Officer?

Keep Insights — Wed, 03 Jan 2024 06:00:00 GMT

The Great Resignation has become the Great Retention, and keeping talent is more of an art than ever before. But not all talent is created equal. Who is standing out? Who needs some guidance to improve? Is that top-tier recruit who had a bumpy start ultimately paying off - or is it time to cut your losses? The ability to accurately assess performance across team members is crucial for executives to know they are getting the most out of their team. Of course, the annual performance review offers an assessment, but research shows highly engaged employees discuss their performance with management far more often than once a year. It takes work and skill to effectively measure performance and gauge the ROI for each employee.

Do Annual Bonuses Actually Hurt Your Business?

Rob Frohwein — Wed, 27 Dec 2023 23:11:19 GMT

TLDR: If annual bonus compensation is misaligned with performance, it will hurt your business. This misalignment can destroy the motivation to perform and then cause serious injury to your corporate culture. Don’t fret though, there’s something simple you can do to address this issue.

Tackling the Seasonal Worker Shortage: The Art of Attraction

Keep Insights — Fri, 15 Dec 2023 19:27:38 GMT

For industries heavily reliant on seasonal workers, the scarcity of qualified talent has become a concern. Whether it's agriculture, hospitality, or retail, the demand for temporary employees surges during peak seasons, leaving employers grappling with the challenge of attracting and retaining top-tier seasonal workers. We do recommend some strategies for attracting the best talent along with new innovative approaches to secure and retain seasonal workers.

The Vital Role of Engaged Healthcare Workers When It Comes to Compliance

Keep Insights — Mon, 11 Dec 2023 06:00:00 GMT

Healthcare institutions are the backbone of our society, responsible for the well-being of individuals in times of need. To ensure the highest standards of care and safety, hospitals and healthcare facilities must adhere to a multitude of regulations and compliance standards. A dip in service levels and compliance can lead to an array of issues - and many of these issues stem from a lack of engagement by workers.

What do we mean by effective compensation?

Kathryn Petralia — Mon, 04 Dec 2023 10:00:00 GMT

60% of full-time employees are stressed about their finances (PwC). As such, we’ve been talking a lot about the importance of effective compensation.