Many companies may be hesitant to increase employee compensation because of other expenses impacting the business, such as rising health-care and energy costs. But an overly cautious approach can be detrimental, particularly as the competition for top candidates intensifies.

Not knowing enough about the company or position, displaying a bad attitude or inquiring about compensation prematurely can all leave a negative impression with hiring managers. For job seekers, the interview represents a time to shine. Thorough preparation -- including researching the employer, rehearsing responses to common questions and understanding appropriate topics to discuss -- is the key to avoiding potential pitfalls.

The start of a new year provides an opportunity to take stock of one's career and outline steps for advancing to the next level. Managers and employees must continually develop their professional skills and abilities in order to reach their full potential and remain engaged at work.

A good manager identifies ways to mitigate routine problems and respond quickly to unexpected ones, freeing up more time for bigger-picture issues.

Before resigning from a position, consider whether or not you can improve the situation. ...In many instances, employers are made aware of an employee's dissatisfaction only after that individual resigns.

It can cause undue stress and leave you and your staff unprepared for a true emergency.