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Employee bonus programs: What’s right for your company?

Insperity

Employers usually offer bonuses to employees for a specific purpose (for example, to reward certain behavior or to recognize the achievement of established goals). For employees, bonuses are very popular because they represent an opportunity to earn more money beyond what their salary or hourly rate dictates. Spot bonus.

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6 ways to make sure your employee bonus program doesn’t fail

Insperity

Year-end bonuses – These are often tied to individual performance milestones and are paid out in one lump sum. Pros: Enables you to connect a portion of salary to pay for performance. But, if you’re like most employers, sustaining this happiness can be a struggle. Simple enough, right? Not always. Know your workforce. Be flexible.

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7 strategies for a successful total rewards program

Insperity

It doesn’t just entail traditional salary structures, but additional elements that contribute to employee well-being, job satisfaction, and personal growth and development. Offering unique programs that go beyond traditional salary plus benefits reinforces an organization’s commitment to their employees’ happiness and well-being.

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7 ways to support employees during economic inflation

Insperity

Of course, there’s always the option of raising salaries commensurate with inflation. However, from employers’ perspective, the cost of living doesn’t necessarily equate with the cost of labor – and it’s the latter that determines salaries. These days, it’s not just a better salary that motivates employees to make a move.

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A complete guide to winning job offers

Insperity

involves not only presenting a competitive salary but also showcasing your company’s employee value proposition. Get a feel for whether or not the candidate is negotiable about their requirements, especially when it comes to salary. For more tips, download our free e-book, The Insperity guide to HR outsourcing.

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Top 5 reasons to check your payslip

cipHR

As head of payroll bureau services at CIPHR’s sister company PBS , a payroll software and service provider, Jon and his team process payroll and BACS salary payments for 94,000 employees, across 500 organisations every month. Download CIPHR’s Payroll Bureau Services brochure. CIPHR asked payroll expert Jon Lee for some pointers.

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Creating a compensation philosophy and policy document

Insperity

Pay policies based on a written philosophy can also streamline budgeting for salaries, bonuses and raises, which is especially helpful during times of fast growth or in more challenging situations. For example: Do you have a salary structure that outlines pay ranges at each level of your organization?

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