Category: Compensation and Benefits
Employee Benefits are More Than Just Perks, They are Your Brand
Employee Benefits Aren’t Just Perks In today’s talent war, your benefits package isn’t a throw-in—it’s your opening move. Long gone are the days when a paycheck alone could seal the deal. Candidates today are hunting for more than just salary—they’re seeking benefits that reflect a company’s values and commitment to its employees. So, how do… Read more
Fair Pay: Why Your Compensation Plan Needs a Data-Driven Overhaul
Paying employees fairly can make or break your ability to attract and retain top talent. But how do you know if you’re offering the right amount? That’s where benchmarking compensation against market data comes into play. Here’s how to turn numbers into insights that help you stay ahead of the competition. Understand the Market First… Read more
Trends in Employee Benefits: What’s New and What’s Next for HR
Let’s face it: employee benefits used to be pretty basic. Health insurance, 401(k), and maybe some dental coverage if your company was feeling generous. But times have changed. Today, benefit options are filled with creativity and new ideas that go beyond the old standbys. So, what’s on the horizon for employee benefits, and how can… Read more
How to Design a Performance-Based Compensation Plan that Delivers
What is Performance-Based Compensation? Performance-based compensation is a pay structure where an employee’s earnings are directly tied to their performance or the company’s success. Unlike a standard salary, where pay is fixed regardless of outcomes, performance-based compensation rewards employees for meeting or exceeding specific goals. This could mean bonuses for sales targets, commissions on deals… Read more
Are Your Employee Benefits Worth the Cost? Learn How to Measure Your Employee Benefits ROI
Employee Benefits ROI When it comes to employee benefits, it’s easy to get lost in the plethora of options and costs. You’ve got health insurance, retirement plans, wellness programs, and more. But how do you figure out if all these perks are really paying off? To truly get the most out of your benefits package,… Read more
16 Creative Incentive Programs That Will Energize Your Workforce
The Ultimate Guide to Employee Incentive Programs Employee morale isn’t just a “nice-to-have”; it’s a key driver of business success. Research shows that effective incentive programs can enhance work performance by up to 44%, slash turnover by 65%, and attract top-tier talent. So, if you’re not capitalizing on these programs, you’re missing out on a… Read more
How Much Does an Employee Really Cost Per Hour?
What Does an Employee Really Cost per Hour? Ever wondered what it truly costs to keep an employee on board? Spoiler alert: It’s way more than just their hourly wage or annual salary. There’s a whole mix of expenses, from direct pay to taxes, benefits, and even the office space they occupy. Let’s break it… Read more
What Is Pay Transparency and Which States Require It?
What Is Pay Transparency? Have you ever been in the dark about what a job pays until the very last step of the hiring process? Or wondered why some companies keep salary info under wraps? Enter the world of pay transparency, where we’re ditching the secrecy and leveling the playing field for everyone. Today, we’re… Read more