It’s a critical question for any company to answer: Does your organization view employees as an investment or an expense? If you regard your employees as an expense, you probably don’t need to read the rest of this article. However, if you see them as an investment, does your organization truly ...
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Differences abound between transactional and strategic human resources, but even if the distinctions are clear to HR generalists, these terms get a little fuzzy when it comes to employee pay matters. Nonetheless, it’s important to understand the distinctions as these can be important to establishi...
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At Total Reward Solutions, we offer a broad range of employee compensation and total rewards services for organizations of all sizes. Oftentimes, smaller companies have a single person in charge of HR compensation programs while larger companies have sizeable employee populations that require more c...
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An employee incentive plan can motivate and empower both employees and management. It can nurture teamwork. And most important, perhaps, at least for the company’s bottom line, is that it can boost productivity and profits. Yes, an employee incentive plan can accomplish all this and more IF it is ...
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Does your company offer a program of incentive plans to reward employees for meeting performance goals? If so, you have clearly taken a progressive approach to keeping employees engaged and motivated to deliver better bottom-line results. At least that’s the goal, right? But do you really know if ...
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The realities of compensation for millennials can be surprising, simply because this group is newer to the workforce. Lacking years of deep “real world” experience, millennials might be surprised by many aspects of current compensation practices and standards in today’s workplace. With that in...
Read MoreNo matter which types of employee incentive compensation programs you implement to elevate staff and corporate performance, there are certain key parameters you'll need to establish. For instance, you'll need to determine who is eligible for participation and how their rewards will be measured. Thes...
Read MoreEmployee incentive programs can empower employees and management. They can create a team culture that thrives on cooperation and pride. And ultimately, they can boost productivity and profits. But before incentive programs can do any of these things, they must be thoughtfully planned and carefully i...
Read MoreDoes your company offer a program of incentive plans to reward employees for meeting performance goals? If so, you have clearly taken a progressive approach to keeping employees engaged and motivated to deliver better bottom line results. At least that's the goal, right? But do you really know if yo...
Read MoreDilemma: In this tough economy, the leadership of my company set a target for desired cost reductions. Included in the equation are cost savings from "re-engineering" the workforce (meaning layoffs), such that the size of some executive bonuses are directly linked to the cost savings from layoffs. ...
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