Remove Bonuses Remove Commissions Remove Download
article thumbnail

From Amazon to Carvana: How Your Dealership Can Learn From Disruptive Business Models

Hireology

Move Away from Commission-Based Pay Plans. A decreased focus on sales means commission-based pay plans are no longer working. Take it from AutoNation , which recently rolled out a new pay plan offering sales people a base salary plus bonus, rather than the traditional commission-based structure.

Retail 138
article thumbnail

How Your Dealership F&I Employees Can Drive Customer Satisfaction

Hireology

Southwest Kia in Mesquite, Texas recently reworked its pay structure to switch from an all-commission pay plan for finance managers to salary plus bonuses – similar to the base pay plus bonus plan many AutoNation and other dealerships across the country have adopted for sales roles.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to handle compensation during uncertain times

Insperity

You have the option to end bonuses that employees can earn – usually on a quarterly, semiannual or annual basis – for meeting predetermined performance criteria. Otherwise, you could face charges of discrimination and find your company the subject of a complaint with the Equal Employment Opportunity Commission (EEOC).

Bonuses 115
article thumbnail

7 strategies for a successful total rewards program

Insperity

Examples include base wages, premium pay (such as on-call and holiday pay), variable pay (such as commissions and bonus programs), perks (such as company car, transportation stipends, and phone bill reimbursement), incentive programs (such as profit-sharing and performance shares), and severance pay.

article thumbnail

What are the top features and benefits of payroll software?

cipHR

Self-service capabilities that enable employees to view and download payroll checks online on mobile devices and computers and to change deduction amounts. The standard features of payroll software which you need to be aware of, include: Online payslips, P60s, P11Ds, and P45s which employees can access anywhere, anytime. Generated tax forms.

article thumbnail

Post-pandemic employee turnover: Why it’s happening and what to do about it

Insperity

According to the 2021 Employee Engagement and Retention Report , commissioned by the Achievers Workforce Institute, 52% of employees in North America will look for a new job in the near future. Some companies now offer bonuses and other perks to entice candidates.

IT 139
article thumbnail

Top 5 reasons to check your payslip

cipHR

While the onus is on employers to pay their employees correctly, there is some responsibility on the employee to make sure that any variable payments, such as overtime or commission, are paid. Download CIPHR’s Payroll Bureau Services brochure. Anything that is likely to change earnings, tax codes or NI letters, for example.

Pension 98