In 1942, the Stabilization Act was passed, which gave the president power to stabilize or freeze wages and salaries to help prevent inflation. Because there was a federal law preventing them from increasing salary, companies provided other benefits and perks as supplemental compensation. This trend has continued into the modern age, and now, perks and benefits are more important than ever for attracting and maintaining a good workforce. When it comes to choosing and offering perks and benefits, it’s important to understand the difference between them and how each affects your company.

Benefits are compensation that supplements a salary. These…

With unemployment at its lowest rate in years, holding onto your employees can seem like a struggle. There are plenty of ways to improve your business and incentivize workers to stick around, but too many businesses feel stalled and don’t know what will really work to lower their turnover. Is your company saying “No” to these nine employee-retaining benefits? You may want to reconsider your position.

The rigid 9–5 of the past is, frankly, something that should stay in the past. Some employees may want to start and leave earlier to make family commitments or events in the evenings. Other…

By this point, everyone knows that unemployment is at record lows in the US. Whether you know that from the news or feel it in your recruiting efforts, it definitely means that finding and enticing top talent is harder than ever. Usually, in the recruiting process, employers are evaluating candidates, but these days it’s the candidates who are evaluating employers. If you want to step up your recruitment game in 2019, consider these tips.

A company can be measured by any number of metrics — revenue, retention stats, etc. But a potential new hire will be looking closely at the…

There are a lot of benefits available for employees, but deciding which ones to implement in your business can be tricky. Two of the most popular benefits for 2019 include travel incentives and student loan repayment programs. Between these two options, there are some very big differences and it’s important to look at each aspect to decide what’s right for your business.

Before you choose a benefit, it is important to understand how it really works. Student loan repayment assistance is pretty much exactly what it sounds like. Employees with student debt pay their same monthly payment, but the employer…

Solving burnout is much easier said than done. Burnout results from increased stress over time, which means time spent away from the stressors of work is the best way to combat it. Taking rests, breaks, and especially vacations can reduce burnout significantly by promoting work recovery time. But employees are not reaping the important, burnout-combating benefits of vacationing for many reasons.

First, employees are taking less and less vacation. Over 52% of workers left 705 million vacation days on the table in 2017.4 This can be attributed to many things. Vacation policies could be confusing, leaving workers at a loss…

Everywhere you look there’s a half-price flight to Bora Bora or Las Vegas. Sounds great, right?! It is…if you are taking time off of work. More employees than ever before are taking less time off work. In fact, 70% of employees did not use all of their Paid Time Off days last year and 53% of Americans report that they haven’t had a vacation in more than a year. Why is this a big deal to employers? It’s simple. They’re facing increased employee burnout, less productivity and higher turnover rates. …

It can be argued that a business with only one employee is not really a business at all. To grow and succeed as an entrepreneur, you need the right people by your side and that means recruiting them. Not only do you need to identify your target employee and actively search for them, but you also need to sway them to your company. Let’s face it, your mission statement, no matter how eloquent, isn’t going to be the final factor in a new hire’s decision to join your company. Workers are looking for employee benefits that match their wants and…

Timing can be everything. Good timing can mean capturing a beautiful photograph of a magical moment. It can mean getting off the winning basketball shot before the buzzer. Bad timing can mean surprises, disappointment, and worse. Timing can also make a big difference in your vacation planning. When planning your next vacation, keep in mind these important timing tips.

Vacation trends vary around the world, but there are some obvious patterns that you should be aware of when planning your next vacation. On average, Europeans get more paid vacation days than the rest of the world. This is, in part…