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The big question that many companies face now is if their revenues are down, or if there are employees that aren’t able to work remotely, what can be done from a compensation perspective? And finally, reward the winners of the competition with an incentive or bonus. Those are necessary but not sufficient. Trust your employees.
HR policies should also include positive items, such as professional development opportunities, raises/bonuses, and promotions. Hourly and salaried employees have different compensation. How do bonuses and benefits affect taxable income? Describe your evaluation process, performance metrics , and any incentives for stellar work.
The biggest gaps will be in compensation, investment in professional development training, and policies around bullying and sexual harassment. Compensation?—?Employers Creative leaders can incentivize staffers with performance bonuses, commissions, and stock options. Signing bonuses are more common. It is that important.
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