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Types of Compensation: Everything HR Needs to Know

HR Lineup

Variable Pay: Performance-Based Incentives Variable pay, also known as performance-based pay, includes bonuses, commissions, and profit-sharing plans. Commissions: Common in sales and certain roles, commissions are a percentage of sales or revenue generated by an employee.

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Employee Cost: How to Calculate the Cost of an Employee?

HR Lineup

Bonuses and Commissions: Additional incentives provided to employees based on performance, sales targets, or other predefined criteria. Training and Development: Investments made in employee training programs, workshops, seminars, and other learning initiatives aimed at enhancing skills and competencies.

Salary 130
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15 employee recognition gifts for showing meaningful appreciation

Achievers

Covering the cost of professional conferences, workshops, and online courses allows employees to enhance their skills and broaden their knowledge, benefiting the employee and your organization. Professional development opportunities Investing in employees’ professional growth is an excellent way to show appreciation.

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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.

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5 Companies That Are Responding To The Needs Of The Millennial Workforce

15Five

Examples include kiteboarding lessons, VIP tickets to the game , glassblowing workshops, or even becoming James Bond for a day. I’m not a millennial, but I still gained tremendously from workshops on finance given by our CEO. Want to find out what your workforce really wants? Ask them with 15Five!

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Age Discrimination in the Workplace: A Tale as Old as Time

HR Digest

The Equal Employment Opportunity Commission (EEOC) is the federal agency responsible for enforcing anti-discrimination laws and those who face such ageism at work can file a charge with the organization before pursuing a lawsuit.

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How to Respond To Ageism in the Workplace

HR Digest

We may consider ageism at work as minor, a report from the EEOC revealed that age discrimination has a one-fifth share of all discrimination cases received by the commission in 2016. Companies on their part can offer opportunities for mid-level seniors to ramp up their skillset with workshops or tech modules.