Articles
Global CEO Compensation Trends
The total compensation of CEOs is defined as the total sum of salary, bonus, non-equity incentive plan compensation, stock awards, and option awards. As a way to eliminate actuarial value changes, nonqualified deferred compensation and changes in pension value are excluded from the summation of total compensation (Knowlton, 2018). CEO compensation is determined by several […]
What every employer needs to know about staff costs
The Zimbabwean economy has made a turn in the wrong direction once again, and most employers and employees are now reliving the horrors of the 2008 hyperinflationary environment. The cost of living is going up on a daily basis, while employees are struggling to make ends meet with current earnings. While most employers have made […]
Applying Technology to HR
Technology changes the way HR departments contact employees, store files and analyse employee performance. When used well, technology makes HR practices more efficient. When used poorly, it can get in the way of managing the company’s human resources. Technology makes it easier to gather and break down data of employees to get an overall picture. […]
We are only as strong as our human resource
Economic development is a result of the people we have. Every job will be done if you put the right people in the right jobs. That’s the biggest challenge facing Africa, especially. The key issue is cognitive power. It’s the capacity to think, to find solutions to problems. In this TEDxHarare presentation Memory Nguwi […]
Effect of Current Economic Condition on Employee Spending Patterns
Zimbabwe has been subject to rising high inflation rates which promise to remain high till the end of the year. The next three months promise to be very difficult economically. In June 2019, the country reintroduced the Zimbabwe dollar, in which most transactions were to be conducted. Unfortunately, due to substantial economic activity in the […]
HR Quick wins for every Board
Most Boards at this moment are seized with crafting survival strategies for their businesses. This is not an easy task considering how difficult it is for the Board to share the same vision. When people join Boards they join for various reasons. Others do it for prestige, political reasons, while others do so for good […]
Designing Sales Commission System for your Staff
Most companies with sales staff tend to offer sales incentives in the form of commissions or other forms of incentives. The key question to ask for every business running such scheme is: Does paying incentives increase sales? If your answer is yes do you have enough proof to back this assertion? Here are the reasons […]
How do you decide pay for new employees?
Whatever amount you decide to pay an employee new or one who has just been promoted bring risk to your business. The risk is that the individual may fail to deliver while you have tied the organisation into a high-cost structure. The euphoria of getting a new person on board sometimes works against good principles […]
Three Useless Recruitment & Selection Criteria
Last week we focused on why the interview is the worst selection tool due to its low reliability and validity. This week we will focus on other job selection criteria that are close to useless but employers still use them regardless of ample scientific evidence showing little to no relationship with actual job performance. A […]
The HR Board Report
One of the key functions of any board is to make sure the human resources (HR) of the organisation is put to good use. To enable the board to effectively execute this task they need information on how human resource activities are impacting on business performance. This task is made even more difficult by the fact […]
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