article thumbnail

Variable Compensation: All HR Needs to Know

AIHR

Variable compensation can be a useful tool for rewarding employees’ performance to provide measurable results for your business. Let’s dive into all you need to know about variable compensation. Contents What is variable compensation? What is variable compensation? Examples of variable compensation.

article thumbnail

How to Evaluate Your Compensation Plan

Zenefits

Whether you are recruiting new employees or focusing on employee retention , a solid compensation plan is key to finding and keeping top-quality employees. That means a regular review of your compensation package should be a top priority. Is it time to evaluate your company’s compensation package? Total compensation.

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

A Quick And Simple Guide To Compensation Planning

Vantage Circle

As a leader, compensation planning is one of the skills you will need to master. One of the most important aspects of organizational planning is having a compensation plan that rewards employees and provides competitive pay. The bottom line is that the better your compensation strategy is, the better your retention rates.

article thumbnail

Job Evaluation: Your 2024 Guide [+ Free Template]

AIHR

This ensures that compensation is commensurate with the worth of individual roles and that each has appropriate entry and performance requirements. Supports strategic HR management: Job evaluation aligns with strategic HR goals by ensuring that compensation practices support the organization’s overall objectives and culture.

article thumbnail

Embedding Racial Equity in Your Business Strategy

Mind Tools Strategy

Notice how the first definition does not mention race, while the second one does. By not specifically mentioning race in its definition, it may signal that this organization is “race tentative,” to use the term the Annie E. You'll be more likely to attract and retain talent when they know there is fair compensation.

Diversity 105
article thumbnail

The Definitive List of City and State Leave Laws

Zenefits

Beginning January 1, 2023, the expanded definition of family member goes into effect and will include fertility-related losses. Leave is compensated at the employee’s base rate of pay. Compensation is at the employee’s rate of pay at the time leave is taken. No account yet? Chicago paid sick leave.

article thumbnail

What Is the Portal-to-Portal Act?

Zenefits

Employment attorneys are often asked whether the Portal-to-Portal Act deems specific activities as compensable. These days, questions also revolve around whether workplace measures taken to fight COVID-19, such as the time employees spend in daily health screenings at the start of the day, are compensable. Some history behind the FLSA.