Benchmarking versus Market

Have you ever benchmarked a position, determined a salary, and interviewed, only to find out no one will work for what you are paying? How does that happen? Ever heard the expression, “what the market will bear”? In a nutshell, your data doesn’t match market data. Maddening, right? Let’s break this down. Benchmarking is an…

cost of employee benefits

Cost of Employee Benefits to Your Business

You budget for paperclips… why not for employee benefits? You’ll want to read this if payroll and employee benefits aren’t two of the top five items in your operating budget. I see carefully crafted operating budgets all the time. It’s generally quite easy to find a line item for office supplies. But nothing, not even on page two, for employee benefits. Why? I started asking employers why they don’t budget for benefits. The responses have been remarkably the same, “Because we just have to have them.”