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How to Handle Age Discrimination in Hiring and Retention

Zenefits

And while many consider 50 to be the age that tips older employees into the realm of ageism, workers as young as 40 have experienced age discrimination. To do so, they will need to ensure that they have blind hiring practices and provide older adult employees with retention incentives. Ageism is another word for age discrimination.

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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. Wellness incentive programs, in particular, are having a major impact on employee compensation packages.” appeared first on Zenefits Blog. What is compensation management?

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Is Your Compensation Fair? How to Create a Compensation Plan That Works for Everyone

Zenefits

Health insurance, investment options, bonuses, and development opportunities are all additional forms of compensation that can improve the quality of your total compensation plan. Before you start setting pay ranges and choosing incentives, it’s important to understand how much you can really spend on each employee.

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How to Conduct a Pay Audit, and Why It Matters

Zenefits

Pay audits also help you comply with: Federal equal pay and pay discrimination laws. Many states and local governments have pay equity laws prohibiting pay discrimination and requiring equal pay for equal work. It can also help you design incentive programs for driving productivity. Decreasing turnover. What you want to achieve.

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How to Build Fair Pay Grades and Salary Ranges

Zenefits

It can reduce turnover, your employees will work harder, and transparency protects them against wage discrimination. What incentive strategies are required to drive intended outcomes among current employees. The extent of and types of incentive strategies you can use. Question 2: What are we looking to achieve?

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Could an Early Retirement Package Incentivize Employees to Retire?

Zenefits

Annual raises and bonuses can put these staff members at the highest level of compensation, often for decades, as their organization waits for them to retire. If they don’t, it may be time to develop an Early Retirement Incentive Program. When considering creating an incentive program, examine your motivation.

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Should You Hire a Certified Compensation Professional?

Zenefits

Salary ranges for new hires and for financial incentives and advancement of existing staff members. Strategizing how to tie pay to performance is another area of expertise: CCPs look at a range of reward programs, from the most basic annual reviews, to bonuses, commissions, and other employee incentives. Rewards programming.