Advice Personnel’s Post

According to a new survey of chief financial officers (CFOs) by Gartner the vast majority of senior finance leaders (71%) plan to give raises of at least 4% for 2024. Though increases amounts are cooling, they remain above pre-pandemic levels. In most areas 4% raises would outpace inflation which recently has hovered just above 3%. The labor market is still tight and CFOs are planning for growth to stay ahead of inflation and remain able to attract and retain top talent.

"Providing a succinct summary of these year-end results Matthew Luzzetti Chief U.S. Economist at Deutsche Bank commented, 'It’s a labor market that showed substantial resilience while cooling to levels that were much more acceptable from the Fed’s perspective. It was about as good of an outcome for the labor market as you could have hoped for in 2023.'" The question of course, is what does this mean for 2024? With another turbulent year ahead of us it is easy to write this year off, but we at The Woolf Partnership are excited about what is to come. #economy #globaleconomy https://lnkd.in/eWh_nXEs

". . .pay equity data can be confusing and can present pitfalls. It can therefore be useful to take a step back and to dig deeper into the data. It is only through this additional analysis — and through the development of a robust change strategy — that you can move beyond compliance (and reporting requirements) to truly achieve the positive impacts of pay equity in your organization." https://lnkd.in/eK2cyS6j #payequity #paygap #leadership #inspireinclusion

Merrill’s CIO expects 𝗳𝗶𝘃𝗲 𝗺𝗮𝗶𝗻 𝘁𝗿𝗲𝗻𝗱𝘀 to dominate this year: 1. Economic data is expected to stay mixed. (Expecting signs of slower growth) 2. Anticipate corporate profitability to be better than expected 3. 24/7 focus on the Federal Reserve should continue 4. Inflation trends should cool 5. Continued geopolitical volatility and election concerns

Reality Check: 💡 Ignorance isn't bliss when it comes to compensation. Our latest compensation guide reveals eye-opening insights into market rates and negotiation strategies. Discover the details: https://lnkd.in/g7TBFA8T Share this post to challenge the status quo and empower your network with the truth about their value. #WorthKnowing #CompensationReveal #CompensationStrategy #FairPay #HRLeadership #KnowledgeIsPower

Successful employers understand the importance of supporting and committing to effective talent practices, regardless of the external environment. https://ow.ly/R5J950Rc1LI #inflation #EmployeeExperience #WTWPerspective

🎇 The 2024 Mid-Year #Compensation Guide has just arrived! These insights and current #market #trends will help #executives in a #jobsearch determine a #salary range for their next role and help employers perfect their #compensation #strategy to attract and retain top #talent competitively.

Inflation rose more than expected in March, leading to increased costs of goods and labor expenses. Are you struggling to navigate these business challenges? CFS has the solution. Our data and financial analysis consultants are available to help you crunch the numbers and create a budget plan. Contact us to learn more about how we can partner with you to provide the resources you need to grow and adjust in a changing market. #cfstaffing

Rethinking Employee Value: From Cost Centre to Asset When we look at a company’s financial statements, there’s something that might be fundamentally wrong with how employees are represented. Salaries and wages are often categorized as an "expense" – a cost to the business. But employees are not just numbers on the statement of financial position; they are the lifeblood of every organization. Without their talent, hard work, and dedication, no company could succeed. It’s high time we shift our mindset. Employees should be recognized as the invaluable assets they truly are, not a line item under "costs." Companies invest in machinery, technology, and other assets, recognizing their value over time. Shouldn’t we do the same for the people who bring innovation, creativity, and passion to the table every day? When we treat employees as mere expenses, we send the message that they are replaceable, that their worth is just an amount. But when we recognize them as assets – the greatest ones any company can have – we invest in their growth, development, and well-being. This shift in perspective leads to stronger teams, higher engagement, and ultimately, a thriving business. Let’s change the story. People are not liabilities; they are the true wealth of every organization. #EmployeesAreAssets #HumanCapital #ValuingPeople #WorkplaceCulture #InvestInPeople #Viral #LeadershipMatters #Leadership #BusinessSuccess #Success #POSanalyst Insight Global

FUTURES FRIDAY FACT: This week we talk about business expansion and what comes with it. Knowing how to navigate through the norms of inflation and employee retention can be the determining factor of your business's success. #businesssuccess #smallbusiness #inflation #businesspredictions2024