Get Valuing People PDF

By Lisa M. Aldisert

ISBN-10: 0793150159

ISBN-13: 9780793150151

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The status is analogous to that of unmarried couples living together; although temp workers may not be married to the company, they are living together and are entitled to the same benefits permanent staffers receive. 3 Companies have the ability to hedge their bets when it comes to hiring workers in different categories. Temporary workers or independent contractors can reduce the “official” headcount as well as represent a less costly alternative because they aren’t receiving benefits. Decision makers need to weigh the benefits of a cheaper workforce against potentially less loyal independent contractors.

You pay them wages, salaries, and benefits; and record this activity through your payroll tax contributions and IRS filings each year. On reaching eligibility, these employees can participate in the firm’s pension or retirement plan. If the company offers a 401(k) plan, these employees can participate and are often eligible for a matching gift as an incentive to participate. Salaried employees tend to receive compensation that the company offers them. Although there may be some room for negotiation, the salary range is often fixed within a grade level.

The Bureau of Labor Statistics projects that the gap between available jobs and people available to fill them will reach 6 million by 2008. 10 Managers will face demographic challenges if their workforce corresponds with society at large. Significant numbers of matures and boomers will retire as a smaller proportion of Gen Xers enters middle- and upper-management ranks. Gen Y will swell into the lower ranks, resulting in a younger and less experienced workforce with fewer experienced leaders at the helm.

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Valuing People by Lisa M. Aldisert

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