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Rather than be limited by a set salary, employees with bonus-based pay structures can get rewarded for their hard work. Some companies base bonus pay on team performance, too, which can encourage ...
Employee retention – retention is not a primary objective of bonus plans, yet bonuses are thought to bring value with employee retention as well, for three reasons: a) a well designed bonus plan is paying more money to better performers; a competitor offering a competing job-offer to these top performers is likely to face a higher hurdle ...
The coronavirus pandemic that swept across the country this year has made life especially hard for some. While medical professionals are deservedly getting a lot of love, hourly workers holding ...
Often, perks are given to employees who are doing notably well and/or have seniority. Common perks are take-home vehicles, hotel stays, free refreshments, leisure activities on work time (golf, etc.), stationery, allowances for lunch, and—when multiple choices exist—first choice of such things as job assignments and vacation scheduling ...
Pay-for-Performance is a method of employee motivation meant to improve performance in the United States federal government by offering incentives such as salary increases, bonuses, and benefits. It is a similar concept to Merit Pay for public teachers and it follows basic models from Performance-related Pay in the private sector.
Review your options for awarding year-end bonuses to your SMB workforce without breaking the bank.
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