Best Practices for Establishing a Compensation Strategy & Philosophy How a business approaches employee compensation plays a very important role in shaping the success of the business itself. For some, the approach to compensation can be rather organic or undefined, stemming from roots established in the company’s earliest days or from leaders following individual viewpoints …
Tag Archives: employee retention
10
Jan
Jan
How Nonprofits Can Attract and Retain Talented Employees The struggle to attract and retain talented employees has intensified in recent years and shows no signs of subsiding. With for-profit organizations offering top-tier pay rates and shoring up gaps in other areas of hiring and recruitment, nonprofits are finding it tougher than ever to get and …
12
Aug
Aug
Recruiting, retention, and rewards programs… it’s all many executive leadership teams can think during this period now dubbed ‘The Great Resignation’. But what can you actually do about it to set your business up for success? While employee retention is very much people-focused, the right strategy for your business must be a combination of both …
11
Aug
Aug
Overcoming Labor Shortages in the Oil and Gas Industry The U.S. oil and gas industry has remained resilient through continued market volatility and tough-to-predict booms and busts – even through the compounding wake of COVID and other recent market disruptions. From 2014-2019, swings in oil prices negatively impacted more than 3,000 exploration, production, and oilfield …
16
Jun
Jun
DE&I Implementation – Good Intentions vs. Strategies that Drive Results The vcfo team regularly meets with leaders to understand their business challenges and opportunities and how we can help to navigate them successfully. Our conversations are usually broad and focus on the why and how of their businesses. These interactions often lead to discussions about …
19
May
May
Rethinking Employee Benefits to Attract and Keep Top Talent Employers continue to struggle with finding and retaining employees as unemployment is still near all-time lows and the Great Resignation rolls on. To address these challenges, one area that employers need to closely examine is benefits, specifically their total benefits package. One’s total benefits package spans …
21
Jan
Jan
Creating an Exceptional Employee Experience in 2022 We’ve all seen the signs – reduced operating hours due to staffing shortages, big incentives for prospective new employees, widened advertising for job openings, and more. The employee scarcity and fierce labor market that many hoped would go away as the pandemic entered a new phase does not …
03
Dec
Dec
This post was co-authored by Cristina Silingardi, Vice President with vcfo, and Donna Zinsmeyer, Director of Operations with vcfo. 7 Leadership Practices that Make a Big Difference for Employees and Organizations As we have celebrated our 25th anniversary this year, we have also looked back at leadership practices that helped to make it possible. It is …
08
Oct
Oct
This post is co-authored by Kelly Wells and Teresa Foltz. Many elements go into the formula for attracting, retaining and developing the right talent for your organization. In assessing how you’re doing across each of these elements, one of the questions you’ll undoubtedly want to explore is “What kind of long-term incentive plan should our …
05
Aug
Aug
The Evolution and Elevation of Corporate Philanthropy Corporate philanthropy has evolved immensely over the past few decades. Our recent conversation with three CEOs adds light to this shift and provides helpful insights to others that are looking to weave philanthropy more tightly into the culture of their companies. Below, we share the corporate philanthropy experiences …
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