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commission

Compensation Practices: A Brief Look at Job-Based Pay Methods

Simply put, a pay approach is the method an organization uses to deliver base pay to its employees. For example: job-based pay, market-based pay, knowledge/skill-based pay, and experience-based pay are all methods of pay delivery. Which one is the right one? Any of them can be a viable method, depending on the organization’s needs and […]

people

Building an Entrepreneurial Team

When we think of entrepreneurs, we have a tendency to think of well-known visionaries like Walt Disney, Steve Jobs, and Bill Gates. Interestingly, while each of these men went on to run very large organizations, we also have a tendency to think of entrepreneurs as being part of very small or one-person organizations.

training

Training: A Look at Some Top Companies and Best Practices

Businesses in the United States compete in a top-notch, knowledge-based economy against both domestic and global rivals. For the most part, competitive advantage is based not on having the best machinery, the most productive land, or the greatest access to natural resources but on having the best people: the smartest, the most driven, the most […]

compensation

The Ins and Outs of Deductions From Pay

The federal law on deductions from pay contains few restrictions when compared to the laws in many states. Under the Fair Labor Standards Act (FLSA), almost any deduction is permitted, even, in some cases, if it reduces the employee’s pay below the minimum wage. Certain deductions may specifically reduce pay below the minimum.

productivity

Tips to Increase Employee Productivity

Getting productivity levels up is something all managers and HR team members have a vested interest in. Keeping the organization running at optimum levels is the best way to know when new hires are needed and also to be most effective in spending payroll dollars.

Why Should You Conduct a Compensation Audit?

There are many reasons to conduct a compensation audit, and the benefits in employee productivity and retention can ripple through the organization. In a BLR webinar titled “Compensation: How to Effectively Manage Base Compensation with Pay Grades,” Dan Kleinman outlined some of the answers you’ll get by conducting a compensation audit. Are you ready to […]