By Brenda A. Barnes and Camille Stell A successful compensation plan should reflect shared goals and values. A successful plan also requires trust among the members of the firm. A winning compensation plan aligns the values of the law firm with relevant, up-to-date market data. Here are additional components of a modern compensation plan. Evergreen Compensation plans must be … [Read more...] about Characteristics of a modern compensation plan for lawyers
Employee benefits
Praise is nice but a year-end bonus is better
A year-end bonus can be a powerful tool for reminding your staff their hard work and commitment and the company’s overall growth and success are closely intertwined. And according to a survey of employers, 50% of companies plan to award year-end bonuses in 2022. While this is down from 63% last year, it’s a sign that staff retention remains top of mind for many … [Read more...] about Praise is nice but a year-end bonus is better
Inflation’s impact on employees and the workplace
By Lynne Curry What keeps your employees and coworkers up at night, and what does it mean to you as their employer or colleague? According to the U.S. 2022 Inside Employees’ Minds Report conducted by the HR consulting firm Mercer, which surveyed 4049 employees between Aug. 26 and Sept. 9, 2022, it’s financial … [Read more...] about Inflation’s impact on employees and the workplace
Staff continuing education: Must you or should you pay for it?
By Paul Edwards QUESTION: I’m looking to hire a new employee and they asked me about my policy on paying for employee CE. I normally don’t pay for employee CE but it sounds important to this potential new employee. What is the best way to handle this? ANSWER: Many individuals have annual continuing education (CE) requirements they need to meet in order to maintain … [Read more...] about Staff continuing education: Must you or should you pay for it?
5 ways to help your staff cope with inflation
By Paul Edwards CEO, CEDR Solutions Inflation is on everyone’s minds right now, and understandably so. Most Americans are aware that the purchasing power of a dollar is always decreasing to some degree, but rarely does the rise in the cost of living have such a powerful impact on our daily lives or feature so prominently in the public discourse. As you may already know, … [Read more...] about 5 ways to help your staff cope with inflation
Staff well-being a priority, but wellness programs falter
Over the last year, workers around the world have been struggling with mental health issues—particularly burnout and isolation. As employers move into a post-COVID-19 world, a more holistic view of worker well-being is key to helping employees at all levels manage stress and remain engaged. A recent report from The Conference Board, Holistic Well-Being @Work, examines what … [Read more...] about Staff well-being a priority, but wellness programs falter
4 day workweek: Is it in your future?
By Lynne Curry If you’re an employee, you’re immediately interested. If you’re an employer, you’re doubtful—yet you keep hearing about this new strategy that might make a significant difference in your company’s ability to survive and thrive. It’s the four-day workweek, though not the compressed 4/10’s workweek that oil patch and similar companies used. Employers … [Read more...] about 4 day workweek: Is it in your future?
4 ways to prioritize staff mental health
Mental distress has long been a hidden issue in the workplace. Employees are often unaware of the resources—if any—available to help them, while employers may be unaware of the effects mental distress has on safety and their bottom lines. The COVID-19 pandemic, however, has brought this issue to the forefront for many employers. Over 40% of Americans report experiencing … [Read more...] about 4 ways to prioritize staff mental health
Find out what your employees want before they join the Great Resignation
By Lynne Curry After nearly two years of being whipsawed by the pandemic, increasing numbers of employees have gone left work. The trend picked up speed in the middle of 2021, when twenty million U.S. employees quit their jobs between April and August 2021.1 4.3 million employees quit in August 2021, a figure 40 percent higher than in August 2020, and 20 percent higher … [Read more...] about Find out what your employees want before they join the Great Resignation
Better primary care relationships save healthcare dollars
By David Fortosis The law office manager has always worn multiple hats. From administrative oversight of payroll, talent acquisition, performance reviews, finance and human resource management to providing guidance to firm leadership regarding employee benefits—the office manager looks after it all. This briefing will address one of those topics—how to support and encourage … [Read more...] about Better primary care relationships save healthcare dollars