Remove Finance Remove Leadership Remove Supplies
article thumbnail

How exceptional leaders set the pace for success

Work Life

It’s something I saw time and again when I founded the personal finance company LearnVest. Over the last few decades, we’ve seen this type of leadership transform industries. This behavior is deeply ingrained in how we navigate everyday life and major decisions. Why should we follow timelines set by industry norms or peer expectations?”

article thumbnail

Employee benevolence programs: What are they, and why do they matter?

Insperity

an economic downturn, supply chain issues, etc.) Finance the fund. Ideally, you would have plans, processes and support structures in place to minimize any workplace disruptions. Most businesses prepare for operational stressors (e.g., and draft business continuity plans for a variety of these scenarios. How are funds distributed (e.g.,

Supplies 289
article thumbnail

Pay compression: What it is and how to fight it

Insperity

If money is tight, there are options (see “Encourage collaboration between HR and finance staff” section below). External labor factors that may impact your internal compensation plan include: Minimum wage laws A tight skilled worker supply Rapidly escalating wages for high-demand jobs. The market rate for starting salaries increases.

Salary 213
article thumbnail

How to Spot Employee Theft and What You Can Do About It

Insperity

Employee theft is on the rise – it runs the gamut from stealing office supplies and padding time to committing fraud. One of the biggest mistakes small business owners make is putting one person in charge of the finances. missing merchandise or supplies. Corporate leadership leads by example. But not always.

Supplies 203
article thumbnail

How to tackle wage growth and remain competitive in a tough market

Insperity

It has to do with supply and demand, and can be industry and role specific. Executive leadership support and buy-in. Here’s how you can started: Start at the top and engage executive leadership in conversation to get everyone on board. So, what’s the difference between the two terms? Your culture. This plan should be: Adaptable.

Salary 308
article thumbnail

From blueprint to breakthrough: How AI and automation can transform the consumer enterprise

McKensey

CPG organizations could see the greatest impact from technology, given the potential for gen AI and other automation tools to optimize these companies’ manufacturing and supply chains. By 2035, automation’s impact across consumer subsectors could begin to diverge (Exhibit 1). Create a cross-functional team to steer the transformation.

Retail 72
article thumbnail

How to tackle wage growth and remain competitive in a tough market

Insperity

It has to do with supply and demand, and can be industry and role specific. Executive leadership support and buy-in. Here’s how you can started: Start at the top and engage executive leadership in conversation to get everyone on board. So, what’s the difference between the two terms? Your culture. This plan should be: Adaptable.

Salary 251