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Productivity boost from volunteering ‘adds £4.6 billion to UK economy each year’ 

Workplace Insight

The report by Pro Bono Economics (PBE), commissioned by national volunteering charity Royal Voluntary Service, estimates productivity gains worth at least £4.6 billion each year, or £4,551 per volunteer, arising from volunteering by those in professional and managerial occupations. The PBE report, titled?A

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A Guide to Calculating Pensionable Earnings for Employers

Employee Benefits

At present, both companies and employees must contribute a minimum of 8% of pensionable earnings to an auto-enrolment pension scheme, split 3% from the employer, 4% from the employee and 1% as tax relief. Consider an employee with an annual salary of £38,000 and a £2,000 bonus. Employee contribution (inc. Employee contribution (inc.

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3 ways to boost teamwork at your organization

Achievers

It’s the rare employee who doesn’t feel an urge to contribute when presented with a vision they connect with. When team members can connect their present tasks to the bigger picture, it’s that much easier to stay committed to the job and go the extra mile to connect with and assist colleagues.

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How to Create a Sales Compensation Plan

HR Digest

For these reasons, we present to you the perfect guide on how to create a sales compensation plan that will attract top sales professionals. You can award your top performers by offering them generous incentives and bonuses. Usually, the incentives and bonuses can be offered in cash, but there are also other methods as well.

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List of A-Z Human Resource (HR) Jargons

HR Lineup

In this article, we present an A-Z list of key HR jargons to help demystify the HR language. Compensation: The financial rewards and benefits that employees receive for their work, including salary, bonuses, commissions, and stock options. HR Glossary from A-Z A.

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Demystifying Compensation with Data-Driven Total Rewards Statements

15Five

They either don’t know how to access the materials that explain their compensation or don’t understand them because the information is confusing or not presented in a comprehensive way. bonuses, commissions) Long-term incentives (e.g. equity, stock options) Other compensation.

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How Your Dealership F&I Employees Can Drive Customer Satisfaction

Hireology

F&I menus typically offer car buyers between four and eight options and ensure every customer is presented every product in a consistent and timely manner. Instead of working 80 hours a week on a commission-based plan, F&I managers at Southwest Kia now work an average of 40-45 hours per week.