Inflation, threats of recession, and high employee turnover are just a few of the issues Boards and management teams must contend with in 2023. These challenges are coupled with increased regulations, continued shareholder institution noise, and the SEC continuing to impose...
NFP Compensation Insights | February 2023
SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Pay Transparency Laws Pay transparency laws continue to gain momentum as more states are now requiring employers to disclose salary ranges. These laws have been enacted as part of the efforts to achieve greater...
Pay Transparency Laws in the United States: Overview, Importance, and Challenges
Pay transparency refers to the communication of company pay practices to employees and explanation of how pay is determined for unique positions. While pay transparency can be a controversial issue, it has gained traction in recent years as a way to address pay disparities...
NFP Compensation Insights | August 2022
The L-Blast is Now NFP Compensation Insights! Four-Day Workweeks are Getting More Attention As companies continue to struggle with attraction and retention challenges, employers are exploring more creative options to entice workers. Remote work, flexible...
Four-day Workweeks are Gaining Traction
Despite remote working exponentially increasing over the last two years, the standard workweek has continued to be five days, which became the standard roughly 80 years ago. You might be wondering why five-day workweeks are in place and the answer is fairly straightforward:...
The L-Blast | March 2022
Compensation for a Multigenerational Workforce Employers are currently facing challenges on all levels. Among them are human capital concerns regarding attraction and retention, and their direct link to compensation and the total rewards landscape. Today's workforce is...
Compensation for a Multigenerational Workforce
In times of economic uncertainty and heightened retention concerns across all employers, utilizing capital to its highest utility is of the utmost importance. NFPCC has been diligently focused on the strategic use of compensation within client organizations. Specifically,...
Compensation Strategies & Emerging Trends for 2022
Companies preparing compensation strategies for 2022 can expect similar conditions to what we have seen in 2021. The ever-changing environment along with sporadic regulatory requirements from COVID protocols are forcing companies to be more adaptable. Believing the US...
The L-Blast | November 2021
Combating the Great Resignation The Great Resignation continues to exacerbate workforce concerns with no end in sight. As more and more companies struggle with retaining and attracting needed talent, it has become critical to dive into the root causes of this phenomenon...
Strategies to Combat the Great Resignation
The employment market reflects drastic changes following the COVID-19 pandemic. The U.S. Bureau of Labor Statistics reports 4.4 million workers left their jobs in September of this year with no indication of slowing. The old-school model of employee loyalty to a firm has been...
Cost-of-living and salary budget adjustments a top concern for compensation planning in 2022
As we near the end of the year, companies are starting to plan their compensation strategy for 2022. A topic that is top of mind is the higher rate of inflation we are experiencing and how cost-of-living salary adjustments will be affected in the coming year. Research shows...
The L-Blast | September 2021
In this month's L-Blast, we turn our attention to a topic that is quickly becoming top of mind for many companies and has gained quite a bit of media attention over the past few months. We are talking about a phenomenon we've come to know as The Great Resignation. What...
Recruiting & Retention Crunch
The effect of the 2020/2021 economy has wrecked recruiting and budget plans, causing a shifting of power. Specifically, the transition and pausing of business in the early months of the pandemic resulting in a precipitous decline across all sectors. The economy has...
The L-Blast | June 2021
Dear Clients & Friends, The Olympic Trials of late have been amazing, so much new talent will be representing soon as a nation. A talent that had to train and adapt through Covid – but a group of wonderful, talented athletes that set new standards and great goals....
Remote Work & Return to the Workplace Survey Results Summary
Introduction It’s been over a year since having to cope with this global pandemic and the difficult decisions companies were forced to make regarding where their workforce should work – at home or remote. Of course, the realistic answer to this question is not so simple...
Remote Work & Return to the Workplace Survey
In response to COVID-19, many companies were forced to make significant changes in regards to where and how their employees would continue working to ensure safety and comply with health protocols. Now, with some states such as Texas taking steps towards lifting mandatory...
Gender Pay Equity – An Issue that is Top of Mind
"Gender Pay Equity Analysis Is Here to Stay. Is Your Company Doing It Right?"» We would like to share this article » from our partners at NACD (National Association of Corporate Directors) with our readers. Gender equity continues to be an important topic for most...
If the CEO’s High Salary Isn’t Justified to Employees, Firm Performance May Suffer
We would like to share this article written by Dina Gerdeman featured on Harvard Business School's website entitled, "If the CEO’s High Salary Isn't Justified to Employees, Firm Performance May Suffer." Researcher Ethan Rouen discovers that rank-and-file employees understand...
NFPCC Original Article: Compensation Landmines & Key Issues
“I would not give a fig for the simplicity this side of complexity, but I would give my life for the simplicity on the other side of complexity”. Oliver Wendell Holmes, Jr. Executive compensation practice and application is continually developing based on proxy advisory firm...
Join us at the CRTRA Conference: What Reward Data is Important to You? Roundtable | How to Impact Congressional Change for HR
Chain Restaurant Total Rewards Association's 2017 Annual Conference Hilton Gaslamp 401 K St. San Diego, CA 92101 Session 1: Roundtable: What Reward Data is Important to You? July 26, 2017 3:00pm Speakers: Liz Mayo, Director, NFP Compensation Consulting and Susan Douglas,...
Six Tips to Helps Boards Avoid a Crisis
"When an organization fails because of executive malfeasance, it generates a lot of attention. But such situations are actually relatively rare. It’s much more common, though less talked about, for organizations to fail because of ungoverned incompetence. That is, someone does...
NFPCC’s Kuschel & Whittaker Quoted in Midstream Article
NFPCC Director, Kevin Kuschel, and Senior Consultant, Josh Whittaker, were recently quoted in an article entitled, "Job Openings Reflect Growing Confidence in Midstream...
Motivating a Multigenerational Workforce in the 21st Century
One of the biggest challenges in companies today is how to successfully motivate employees. No other time in modern history has the corporate landscape been as diverse as it is now with multiple generations coming together in the workplace. There are four unique generations that...