Internal equity and external equity make up fair pay. Both are important for attracting and retaining the best employees. Prioritizing fair pay helps close the gender gap. Following processes to sustain fair pay throughout each employee’s tenure with your company also promotes this initiative. Discover why internal and external equity in compensation matter and how… Read more »
Posts Tagged: #winnipegbusiness
Does Your Accounting Team Prioritize Cybersecurity?
Cybersecurity for companies is increasing in importance. This is especially true for accounting teams. Hackers know that systems used by accountants have confidential information that can be used for personal gain. This is why your business, including your accounting team, needs to prioritize cybersecurity. Otherwise, your organization may lose revenue, clients, and its reputation. … Read more »
Providing an Equitable Workplace Instead of an Equal One
Although “equality” and “equity” are different by only two letters, their meanings are significantly different. Whereas equality involves giving all employees the same resources, equity involves distributing these resources based on individual needs. Although equity and equality are important to all employees, understanding the issues is especially critical for managers and leaders. Knowing how equity… Read more »
What Can You Do About Disruptive Change?
In order for companies to thrive this year, they need to respond to the trends that impact how organizations operate. This includes looking beyond financial goals and focusing more on employee needs. Effective responses to the following trends can help establish transformative growth for increased business success. Companies that make modifications in line with the… Read more »
How to Add Internal Talent to Your Interview Process
Hiring for your accounting and finance team is a challenging process. You want a candidate with the right combination of education, skills, and experience to succeed in the role. This is why hiring internally can be so appealing. You know the candidate already was vetted, understands your company culture, and likely needs less time for… Read more »
Redefining the Value of Work: Managing the Employer-Employee Relationship
As the coronavirus pandemic continues to go on, the employer-employee relationship continues to be tested. Moving forward during this time of uncertainty requires defined expectations of what this relationship should look like. Although employers and employees may consider each other family, the reality is that they are not. The problem with thinking of employees as… Read more »
How Do You Know When It’s Time to Leave Your Role?
The decision to leave your job requires a lot of thought. Although challenges at work are to be expected, experiencing long-term dissatisfaction is not. If you consistently are unhappy at work, it may be time to change employers. This is especially true if you lack work-life balance or opportunities for growth. You should be able… Read more »
Will Remote Work Affect Compensation Moving Forward?
Like many employers during the coronavirus pandemic continues, your accounting and finance team may be working remotely. This trend is expected to continue even after the pandemic subsides. The increased flexibility with fewer distractions is attractive to employees. The increased productivity and wider candidate pool is attractive to employers. If your team will remain completely… Read more »
What Matters to Your Stakeholders?
Stakeholders are the individuals, groups, or organizations directly involved with or indirectly affected by a project, product, service, or enterprise. These relationships impact why and how you conduct business. Your internal and external stakeholders are more visible, prominent, vocal, and powerful today than ever before. They hold your business accountable for its actions in more… Read more »
How to Fit Work Around Our Lives (Not the Other Way Around)
The traditional work model has employees working 8 hours each day during a set time. This typically means that the most awake, productive hours of the day belong to employers. If employees want to take care of personal needs during this time, they need permission from their manager to take vacation days. Once the paid… Read more »