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Articles by Fay Hansen

The Turnover Myth

June 2, 2005
Minimizing churn has long been an article of faith for many workforce executives, but others actively manage turnover for maximum financial return. They drive it up when it is too low, push it down when it is too high, and understand its true costs and benefits.
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The Turnover Myth

June 2, 2005
Minimizing churn has long been an article of faith for many workforce executives, but others actively manage turnover for maximum financial return. They drive it up when it is too low, push it down when it is too high, and understand its true costs and benefits.
Read More

Deflating Compensation

October 1, 2004
If your salary-increase budget for 2005 is much higher than 3 percent, you're probably overspending. New survey data indicate that increases at large companies will average 3.5 percent next year, marking the fourth consecutive year of increases below the 4 percent average that characterized budgets before the economic downturn. What's behind the trend? Soft labor markets that will continue into 2005 and well beyond, increasing the need for annual pay increases designed for optimal hiring and retention. "There's no war for talent," says Mercer Human Resource Consulting's Steven Gross.
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Sitting on Labor Costs

May 29, 2004
Employers will see fairly flat unit labor costs into 2005, but will have to slash benefit costs to wring additional savings out of compensation. Benefit-cost increases have outpaced wage increases since June 2000 and now stand at their highest level in two decades.
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