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

How to Become a Human Resources (HR) Manager: The Definitive Guide

AIHR

Contents Definition of Human Resources Manager What does a Human Resources Manager do? Compensation and benefits : HR managers oversee compensation and benefits programs, ensuring competitiveness in the market, managing payroll, and administering employee benefits packages. Let’s dive in!

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

Digital Employee Experience: A Definitive Guide for 2024

AIHR

The post Digital Employee Experience: A Definitive Guide for 2024 appeared first on AIHR. People are accustomed to counting on seamless technology in their personal lives and expect the same level of digital effortlessness in their workspace.

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. Chicago paid sick leave. Leave can be taken for any reason.

article thumbnail

Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

Indirect and non-cash compensation paid to an employee. It is a compensation program to award eligible employees a share of the company’s profits. So, benefits are definitely important. The post Top Employee Benefits & Compensation Ideas for a Diverse Workforce appeared first on Vantage Circle. Profit Sharing.