article thumbnail

The Payday Puzzle: Solving Employee Compensation and Benefits

HR Digest

Managing employee benefits and compensation is an essential function for any organization that wants to attract, retain, and motivate top talent. Employee compensation and benefits are critical components of an organization’s total rewards package, which is a key factor in employee satisfaction and engagement.

article thumbnail

The benefits offered by Ogi

Employee Benefits

Employee recognition scheme Values-based recognition scheme called The Ogis, with voting open to everyone. Incentive pay/performance-related pay Discretionary, annual company performance bonus scheme or a commission scheme for sales teams. Two monthly winners selected from the nominations.

Net Pay 59
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Performance Rewards to Motivate and Retain Your Top Talent

Empuls

  For example, if you aim to boost sales, consider offering commission-based bonuses or sales incentives. Employees have diverse preferences and providing a variety of reward options caters to these differences.    Here are some examples to consider:  Monetary rewards : Bonuses, profit-sharing, sales commissions

Bonuses 40
article thumbnail

Types Of Rewards: A Quick Guide For HRs

Vantage Circle

Non-financial types of rewards do not provide any financial gain to the employee. Instead, it focuses on appreciating employees through employee benefits. Non-financial rewards are more feasible for companies to reward employees mainly because: Long term effects as compared to financial rewards.

Bonuses 90
article thumbnail

What are total rewards? Building an amazing total rewards package

Achievers

This category includes salary, bonuses, commissions, stock options, and more. If you offer a tantalizing array of benefits but neglect to provide competitive compensation, you’ve undermined your company’s entire total rewards package. Employee recognition. Employee benefits and incentives.

article thumbnail

10 People Sustainability Strategies for Your Business

Vantage Circle

So, let's delve deep on how you can cultivate a culture of people sustainability that nurtures growth and development for you and your employees. The comprehensive list was crafted with the input of global stock exchanges, regulators, nonprofits, and the European Commission, marking a historic collaboration towards a sustainable future.