article thumbnail

Cafe Classic: FABulous Pay Improves Talent Acquisition

Compensation Cafe

Examples include: 1) “Our pay philosophy is to offer moderate base pay with an industry-leading potential for incentive pay.”. When you can demonstrate what you are offering was designed specifically to meet their needs, you lower barriers and raise both curiosity and understanding. They are simply factual descriptions.

article thumbnail

Must employers pay a Christmas bonus?

HR Digest

As the festive holidays unfold, the issue of Christmas bonuses becomes a subject that confuses most people. Employers that can afford to pay Christmas bonuses may use them to encourage their employees. Christmas bonuses help to improve staff morale by allowing them to have a little more to spend during this time of the year.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Ways to Create an Effective Seasonal Hiring Strategy for Your Small Business

Homebase

Seasonal hiring is recruiting temporary workers to meet specific needs during peak times of the year. Keep in touch with these workers throughout the year, offering them an early selection of shifts or small bonuses as incentives to return. Get your team in sync with our easy-to-use, all-in-one employee app.

article thumbnail

What’s a merit increase, and should your business use them?

Business Management Daily

If an employee meets or exceeds your expectations that year, it’s considered standard fare to give them a 2% to 3% merit increase. They’ll receive a merit increase if they meet all their performance metrics (or exceed them). Bonuses As stated before, a bonus is not a permanent increase to an employee’s salary.

article thumbnail

Avoid an HR Headache with these 25 Tips

ExactHire

Elevate your training beyond a blurb in the handbook. Virtual meetings are a fact of work life, whether employees are in the office or at home. Classify bonuses correctly for nonexempt employees. When you give nonexempt employees bonuses, that bonus amount is calculated into their “regular rate.”.

article thumbnail

Guide to Hiring Employees in the Bahamas

Recruiters Lineup

Additionally, employers should be mindful of overtime regulations, bonuses, and other forms of remuneration to guarantee compliance with the legal framework governing employee compensation. Each category has its specific requirements, and applicants must meet the criteria set by the government to qualify for permanent residency.

article thumbnail

Building An HR Department: A Step-By-Step Guide

HR Tech Girl

HR departments have five principal functions: meeting staffing needs, employee compensation, employee benefits, performance assessment and appraisal, and law compliance. Related read: Skills Gap Analysis: How To Identify Key Skills To Meet Your Business Goals 2. Related read: Ultimate Guide To Employee Handbooks [+ Free Template] 9.