SHRM Blog

As employers, we all have a vested interest in the success and wellbeing of our team members. Our employees create and maintain the fabric of our company’s culture and help power our business successes.

With Financial Literacy Month shining a spotlight on financial stress throughout April, this is an opportunity for employers to revamp their financial education programming for the year ahead, engage their staff in lively discussions on financial health, and begin thinking of new ways to integrate financial literacy throughout their organizations – including their payroll administration program.

A growing problem of financial stress

Employees distracted...

Before I get into the arithmetic – WHICH IS EASY – I must establish first that there is no law on this. This is just something that your payroll/accounting/HR folks will quibble over from time to time, so you need an expert to make it canon. That’s what this is all about: How to convert a salary into an hourly wage.

The simplest and most common methods to make the conversion are as follows:

Simply use the annual salary and divide into it the scheduled hours per year.

Example: John earns...

I know this one may cause a stir. Mostly because everyone defines it differently except, that is, for someone on the receiving end. I had no one in mind when writing this one, but rather everyone in my thoughts because somewhere in our lives we've all been on the wrong side of it. We all know this behavior doesn't work. We all know it's hurtful and destructive, and yet, there are those that just continue to behave this way. Why? Dunno.

So, let me get to the point.

Leadership boo boo #3...

When asking college seniors where they want to work, their first responses might be Apple or Nike or Disney. The same might apply amongst any cohort you ask to list a company they want to work for, but it’s not because they have the best employer brand. All brands started unknown and had to build a reputation, a pattern of success in their industry, and a positive experience for users. All companies no matter their size, go through a version of this with hopes of winning more customers and earning more...