article thumbnail

Workers’ Compensation: What’s payroll got to do with it?

Workers' Compensation Perspectives

.); "total amount paid to employees over a period," hence, via records-keeping, "list of employees receiving pay." [ See [link] ] Today, the word “payroll” more often than not refers to the department or system that manage employer costs for a range of employee compensation components.

article thumbnail

It’s time to review your compensation strategy

Business Management Daily

Some top brass there thinks offering a base salary noticeably above that posted in the job descriptions of competitors is the ticket to attracting top performers. They worry such a measure will leave insufficient funds to give raises to existing workers, which would lower employee engagement and jeopardize retention.

Salary 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

5 Ways To Create the Perfect Compensation System

Hppy

One of the most complicated areas of the Human Capital Management (HCM) sector is compensation management. As a result, businesses must choose between constructing their own compensation management system, continuing to use Excel with all of its limits and risks, or using a web-based (SaaS) best-of-breed solution. Be Creative .

article thumbnail

Unlocking Insights: The Ultimate Survey Question Template Blog

Vantage Circle

Are there any active mentorship programs available to the employees? Compensation and Benefits Benefits are vital for attracting and keeping top talent, improving employee satisfaction, and overall well-being. How well does the company address and support employee financial wellness?

article thumbnail

All You Need To Know About Sales Incentive Programs In 2023

Vantage Circle

Keep in mind the ABCs of sales incentives : Align with sales roles, Benchmark against industry pay data, and Construct to drive the right sales behaviors Outline the purpose and goals of the incentive plan : specify which behaviors and results it is meant to promote. Which is why we need different approches to employee compensation.

Food 105
article thumbnail

Business owner beware: FLSA compliance and personal liability

Insperity

Authority to hire and fire employees. Responsibility for the rate and employee compensation. It’s not uncommon for small businesses to have informal work arrangements, incomplete or non-existent job descriptions, or no employee handbook at all. I build extra pay into employeessalaries to make up for any overtime.