Remove Bonuses Remove Magazine Remove Salary
article thumbnail

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.

Bonuses 108
article thumbnail

How to handle the “salary expectation” question in an interview

HR Digest

Salary expectations is a question that will crop up if it has not been specified in the job description. This question is more about finding a salary match, adds Crawford. “Ideally, employers and recruiters would be upfront with [salary] information and volunteer it first, but that’s not often the case,” Fink said.

Salary 98
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

The benefits offered by Fox Agency

Employee Benefits

Benefits on offer at Fox Agency: Pension Salary sacrifice pension arrangement; employees are automatically enrolled after three months’ service. This allowance can also be used to purchase audiobooks, premium podcasts, magazine subscriptions, or documentaries. Employee contribution 5% and employer contribution 3%.

article thumbnail

7 ways to support employees during economic inflation

Insperity

Of course, there’s always the option of raising salaries commensurate with inflation. However, from employers’ perspective, the cost of living doesn’t necessarily equate with the cost of labor – and it’s the latter that determines salaries. These days, it’s not just a better salary that motivates employees to make a move.

401(k) 90
article thumbnail

5 steps to attract and hire highly skilled workers

Insperity

Is the salary you plan to offer competitive? When hiring highly skilled workers, you may find that you must be flexible on salary to get the right candidate. How can you woo job candidates if you’re limited to a certain salary range? Other than an attractive salary, what perks can your company offer?

401(k) 81
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. You could also consider merely reducing the percentage of their base salaries that employees are eligible to earn. Retention bonuses. Other considerations. Premium pay.

Bonuses 115
article thumbnail

How to tackle wage growth and remain competitive in a tough market

Insperity

Anyone involved in hiring and retaining employees is torn between important and seemingly contradictory objectives: Address employees’ pain and concerns about the increased cost of living so you can prevent them from disengaging or leaving the company in search of a higher salary elsewhere. ( The Great Resignation is ongoing, after all.).

Salary 101