Remove Bonuses Remove IT Remove Piece Rates
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Why Today’s Incentive Thinking Is Different

Achievers

As the Forbes Coaches Council puts it, “In decades past, motivating employees was all about raises, promotions, and bonuses. Employees were frequently paid at a piece rate, providing them with a straightforward pay incentive to be as productive as possible. The Central Challenge of Giving Incentives.

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3 Tech Tools No HR Department Should Be Without

Insperity

Most payroll systems house historic data in the form of piece rate, commission, bonuses and other special pay types. These can be easily accessed and compared to employee expectations, bringing about tangible evidence of the performance rating provided by the company and making it easier to apply raises based on these ratings.

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Is Paying Your Employees Overtime Mandatory?

Abel HR

Per the DOL, “overtime must be paid at a rate of at least one and one-half times the employee’s regular rate of pay for each hour worked in a workweek in excess of the maximum allowable in a given type of employment.” ” But some employees are paid by the hour, some are salaried, and some receive a piece rate.

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Is Your Annual Incentive Pay Plan the Right Fit For Your Business?

Insperity

But you can make up for its shortcomings by supplementing with the addition of one or more alternative incentive plan options out there: Bonuses: A one-time reward for attaining a goal (not necessarily year-end, within any agreed-upon time period). Stock options: Time-sensitive option to purchase shares of company stock at an exclusive rate.

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Is Your Annual Incentive Pay Plan the Right Fit for Your Business?

Insperity

But you can make up for its shortcomings by supplementing with the addition of one or more alternative incentive plan options out there: Bonuses: A one-time reward for attaining a goal (not necessarily year-end, within any agreed-upon time period). Stock options: Time-sensitive option to purchase shares of company stock at an exclusive rate.

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3 Tech Tools No HR Department Should Be Without

Insperity

Most payroll systems house historic data in the form of piece rate, commission, bonuses and other special pay types. These can be easily accessed and compared to employee expectations, bringing about tangible evidence of the performance rating provided by the company and making it easier to apply raises based on these ratings.