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Incentive Compensation: Why Your Strategy Might Include It

Zenefits

Many organizations opt for an incentive compensation program as part of their total compensation strategy. An effective incentive compensation plan can produce an array of short- and long-term benefits for both employer and employee. What is incentive compensation? Why are incentive compensation plans valuable?

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Your Employer Guide to Holiday Bonuses

Zenefits

Here’s something else that a lot of employees look forward to this time of year: holiday bonuses. Holiday bonuses can take a few different forms: An extra check given around the holidays. And if you give out holiday bonuses at all, then every employee should receive something. Other Types of Bonuses.

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6 Compensation Trends for the Year Ahead

Zenefits

Some of these benefits options became hot topics following what’s now referred to as the Great Resignation. pertaining to salary increases, hourly wage increases, monetary bonuses, and other incentive compensation. By providing multiple ways to work, employers enable employees to best optimize their time and productivity.

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4 Ways to Combat Declining Productivity in Your Workplace

Zenefits

If your organization has suffered from lower employee productivity levels in the past few years, you’re not alone. Recent studies and statistics indicate declining productivity rates in many Western workplaces. The study finds that declining productivity isn’t limited to certain segments, but occurs across industries and sectors.

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How to Handle Age Discrimination in Hiring and Retention

Zenefits

To do so, they will need to ensure that they have blind hiring practices and provide older adult employees with retention incentives. While both young and older employees can be discriminated against because of their age, ageism more commonly refers to discrimination against workers over the age of 40. Username or Email Address.

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How to Keep Your Small Business Growing During the Coronavirus Slowdown

Zenefits

Examples are sharing hashtags, asking customers to share your posts, or having contests where customers post photos with your products or services for a prize. Offer coupons for your current customers if they refer someone during the downturn. Start an email incentives referral program. Online businesses.

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A Guide to Payscale Philosophy and Strategy With People Operations

Zenefits

In addition, as a rising number of organizations adopt remote work, there is an increased need for clear communication regarding salary negotiation, benefits packages, and incentives. Which incentives should be used to attract the talent necessary to reach desired outcomes. Compensation is also a pivotal component of people operations.