article thumbnail

Organizational Charts: Why Every Company Needs One

Netchex HR Blog

If you decide to offer bonuses and financial incentives to increase productivity, then an org chart lets you visualize the potential expense of incentives in different departments. A permalink to your latest org chart should be one of the essentials for your employee handbook.

Company 98
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.”. Don’t create great pay tools and then leave your staffing people without a handbook on how to show their value. Dan is also a leading expert on incentive plans and equity compensation issues.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Tailoring a Total Rewards Strategy for Small Business Success

Extensis

This can include wages and bonuses as well as recognition, workplace flexibility, and career opportunities. It includes their salary or hourly wage, commissions, bonuses, stock options, and on-call or holiday pay. Compensation Compensation is the total amount paid to an employee by their employer. We’re here to help.

article thumbnail

Employment Contract: HR’s In-Depth Guide

AIHR

Laying out the salary, benefits, protections, and incentives you have to offer, as well as assuring job security for a set amount of time, can entice a desirable candidate to come work for your organization over another. For instance, employee handbook policies that outline specific employment terms and conditions.

article thumbnail

How Employee Benefits Can Boost Recruiting, Retention, and Reputation

Netchex HR Blog

Morale & Productivity Since at least 2019, the meme “Corporations Throwing Pizza Parties” has ridiculed how many employers offer cheap perks like pizza as a substitute for more impactful incentives like bonuses and raises. Experienced workers appreciate your investment in useful benefits.

article thumbnail

Best enterprise HR software systems 

HiBob

Pros: User-friendly interface Customizable to fit the business use case Cons: “The time management capabilities are cumbersome and counter-intuitive.” – verified user “It is not well integrated with Google Suite.

article thumbnail

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.”. Don’t create great pay tools and then leave your staffing people without a handbook on how to show their value. Features are the basic facts about your pay elements and their unique components.