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Employee bonus programs: What’s right for your company?

Insperity

Employers usually offer bonuses to employees for a specific purpose (for example, to reward certain behavior or to recognize the achievement of established goals). For employees, bonuses are very popular because they represent an opportunity to earn more money beyond what their salary or hourly rate dictates. Spot bonus.

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Why employee wellness matters – and how it’s good for business

Insperity

Opportunity to advance one’s career, gaining in title, status and salary. Look to the future Professional health is important to most employees, who want to know that they’re progressing toward their career goals, including opportunities to increase their salary, and that there is a place for them in the future at their company.

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6 ways to make sure your employee bonus program doesn’t fail

Insperity

Year-end bonuses – These are often tied to individual performance milestones and are paid out in one lump sum. Pros: Enables you to connect a portion of salary to pay for performance. But, if you’re like most employers, sustaining this happiness can be a struggle. Simple enough, right? Not always. Know your workforce. Be flexible.

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Appreciation in the Workplace: Why It Matters

Achievers

In the study, employees report that recognition is more effective at increasing their engagement, performance, and innovation than an additional bonus of five percent of their salary. To learn more about how to spread appreciation in the workplace, download our free e-book. This doesn’t sound like child play now does it?

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Total Compensation Report Statements: Unveiling the Value Beyond the Paycheck – Sample Included

COMPackage

Beyond the Dollar Sign: The Power of Total Compensation Traditionally, compensation discussions often focused solely on base salary. TCRS provide a transparent breakdown of all aspects of an employee’s compensation package, including: Base Salary: The core component, outlining the annual or hourly wage.

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Total Compensation Report Sample: A Guide for HR Professionals

COMPackage

Beyond just base salary, employees value a comprehensive benefits package that contributes to their overall well-being. This guide explores the importance of TCRs, highlights key considerations for crafting effective reports, and showcases sample reports for both salaried and hourly employees. healthcare, PTO).

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How Total Compensation Reports Boost Employee Engagement – with Samples

COMPackage

These reports go beyond just base salary, detailing the full value proposition an employee receives, including benefits, paid time off, retirement savings plans, and more. Imagine an employee who receives a TCR outlining their annual salary, health insurance coverage, generous paid time off policy, and company-matched retirement contribution.