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7 strategies for a successful total rewards program

Insperity

Examples include base wages, premium pay (such as on-call and holiday pay), variable pay (such as commissions and bonus programs), perks (such as company car, transportation stipends, and phone bill reimbursement), incentive programs (such as profit-sharing and performance shares), and severance pay.

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How Your Dealership F&I Employees Can Drive Customer Satisfaction

Hireology

Southwest Kia in Mesquite, Texas recently reworked its pay structure to switch from an all-commission pay plan for finance managers to salary plus bonuses – similar to the base pay plus bonus plan many AutoNation and other dealerships across the country have adopted for sales roles.

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Top 5 reasons to check your payslip

cipHR

While the onus is on employers to pay their employees correctly, there is some responsibility on the employee to make sure that any variable payments, such as overtime or commission, are paid. Download CIPHR’s Payroll Bureau Services brochure. Anything that is likely to change earnings, tax codes or NI letters, for example.

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From Amazon to Carvana: How Your Dealership Can Learn From Disruptive Business Models

Hireology

Move Away from Commission-Based Pay Plans. A decreased focus on sales means commission-based pay plans are no longer working. Take it from AutoNation , which recently rolled out a new pay plan offering sales people a base salary plus bonus, rather than the traditional commission-based structure.

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How Employees Can Help Your Dealership Build Customer Trust

Hireology

In recent years, job seekers have become wary of the unpredictable, commission-based salaries associated with most dealership sales roles. To meet the expectations of today’s job seekers, many dealerships are switching from commission-based pay plans to base pay plus bonus plans – for both sales and product expert roles.

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What is a total compensation statement & how does it provide value?

Genesis HR Solutions

This includes gross wages and extra financial compensation, such as bonuses or commissions, as well as the employer-paid portion of retirement plan contributions, insurance premiums, and paid time off benefits. Learn how to simplify the process: Download The Small Business Guide To Payroll today. Commissions.

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How to handle compensation during uncertain times

Insperity

You have the option to end bonuses that employees can earn – usually on a quarterly, semiannual or annual basis – for meeting predetermined performance criteria. Otherwise, you could face charges of discrimination and find your company the subject of a complaint with the Equal Employment Opportunity Commission (EEOC).

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