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Incentive pay strategies: a step-by-step guide for small business owners

Homebase

Forget the notion that you can’t rush someone who gets paid by the hour, because incentive pay has the remarkable ability to fuel motivation like nothing else. While it may sound like a dream, it can be your reality with the right incentive pay program. What is incentive pay?

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What Is Human Resources?

Analytics in HR

Let’s go over the 12 key HR functions : Human Resources planning – The systematic and data-driven practice of optimizing the company’s workforce. Rewards include salary, perks, and benefits like health insurance, remote work, and performance-based bonuses.

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5 Must-Have Payroll Report Templates to Avoid Audit Nightmares

Zenefits

Does the thought of a payroll audit make you break out into a sweat? The thing is if you have clean reporting in place and a review/oversight process along with them, you will be in good shape and have nothing to worry about. There are some basic broad-brush reporting approaches you can take to make sure you are in good shape.

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What is Compensation Management?

Zenefits

Compensation management is the process of ensuring that an organization’s salaries and bonuses remain competitive, appropriate, and equitable. Compensation managers are responsible for working with employment data and keeping up with complex benefits administration rules and regulations. So, it’s no longer just about the money.

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Avoid an HR Headache with these 25 Tips

ExactHire

Sometimes payroll mistakes will happen. Classify bonuses correctly for nonexempt employees. When you give nonexempt employees bonuses, that bonus amount is calculated into their “regular rate.”. Reexamine your incentive and rewards program. Revise employee incentives that encourage competition and conflict.

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What’s the Best Way to Get Bonuses to Remote Employees?

Zenefits

Remote employee bonuses, in particular, can seem tricky. And how can you send these bonuses to workers who live in other states and other countries in some cases? Bonuses are a form of compensation that you give to employees in addition to their set wages. Bonuses can help keep your employees motivated and increase productivity.

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APA Webinar with Josh Jackson and April Smith Q&A Blog Post #5: Odds & Ends

DailyPay

DailyPay provides an incentive for those employees to register for direct deposit in order to use our technology. For hourly workers, we work with employee-reported time data from the TMS. We simply sit on top of the agency’s payroll system like we would for any other company.