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Training and development To feel comfortable staying with a company for the long haul, employees want to know that they have a viable career path there, with opportunities for internal mobility and continual learning and development of their skills.
All of this helps you treat employees equitably and avoid legal problems down the road. Here are a few simple steps to get started creating a compensation strategy: Assess your current pay practices, including base pay along with any bonuses or incentive plans. Employeerecognition. Employee assistance programs.
When human resources keeps them in the loop, employees better understand their roles and feel more connected to the company and engaged in its goals for future success. While it’s always nice to be able to award a monetary bonus for a job well done, that simply isn’t feasible for many employers. Recognize Achievements.
All of this helps you treat employees equitably and avoid legal problems down the road. Here are a few simple steps to get started creating a compensation strategy: Assess your current pay practices, including base pay along with any bonuses or incentive plans. Employeerecognition. Employee assistance programs.
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