Based upon our years of being in the recruiting industry and encountering post-employment noncompetition agreements on a regular basis, JK Consultants believes that the recent California Supreme Court case Edwards v Arthur Andersen is so important that we bring it to your attention in our quarterly recruiting update.
When the salary imbalance between a company’s CEO and those below becomes excessive, the entire organization may be thrown out of whack. In a recent study by the CIPD, it was revealed that this wage imbalance does have a noticeable psychological effect on the workers below the CEO. Almost 60% of employees used in the study admitted that the salary imbalance demotivates them, and more than half said they felt excessive executive pay damaged the company’s reputation. This makes it more difficult to retain loyal employees and can turn off some job seekers with excellent talent.
To get the most out of the time you invest in networking, you need to communicate what you do in a way that’s short, concise and memorable. Sounds simple, but it’s amazing how many people can’t do this. People tend to describe their businesses in a way that’s either too technical for the average person to understand, or way too general.
The hiring process can be draining for both the employer and the potential employees. Employers get to sit and stare at that empty seat, imagining the expenses piling up from not having it filled. The interview process takes days, weeks, months even, and the money lost just keeps piling up in that empty chair.