Episode Details

A Korn Ferry survey found that at least half of employers expect to provide raises at least equal to the rate of inflation (3%). Host Gene Marks advises small businesses to take advantage of the flexibility of offering more PTO as a bonus. Another hurdle is handling the soon-to-be silver tsunami of retirees, potentially leaving businesses short on institutional knowledge. Gene recommends mentoring and phased arrangements that include financial wellness resources to help maintain productivity. In AI news, the gap between having the tools and using them to the max is cavernous. Listen to the episode for tips.

Topics:

00:00 – Introduction

01:26 – Compensation and Raises

05:02 – Maintaining Productivity Amid Retirement Surge

08:12 – Train Employees to Use AI Tools to Fullest

11:22 – Episode Wrap-up

 Additional Resources

Mid-Year Check-In: https://bit.ly/midyear-compliance-checklist

Meet Paychex: https://bit.ly/3VtM6bs

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