Financial planning assistance

(adsbygoogle = window.adsbygoogle || []).push({}); Financial planning professionals provide many services. It’s important to determine which professional can provide the proper assistance based on your needs. Who can help. There can ...

Compensation Management

(adsbygoogle = window.adsbygoogle || []).push({}); Before reading the compensation management topic, one should know the impact of compensation system on the organisation and its gravity if it is not managed effectively. First and last word ...

Compensation Carve-out

A compensation carve-out refers to the policy of keeping away a portion of the increase in compensation budget for the highest performing employees. This method is used as a pay for performance measure by many organizations to induce performance amongst ...

Deferred Compensation

Portion of earned Income that is paid to the employee at a later date is named as Deferred Compensation. This is usually practiced to defer tax to a future date when the rate is lower. Examples: -Retirement plan -Pension -Employee stock option All these ...

Compensation

Compensation is something, most usually money, which is given to the employees of an organization or company as payment or reparation for their service towards the organization or because of their loss incurred due to any organizational activity. Compensation ...

Compensation & Benefits

Compensation and benefits refers to the compensation/salary and other monetary and non-monetary benefits passed on by a firm to its employees. This can include various components: Fixed pay : This is the basic salary paid to the employee irrespective of ...

20 ways to motivate your employees without raising their pay

It is a costly mistake to get lost in the false theory that more money equals happy employees. Believing this is costing you valuable time, revenue, employees…and even threatening your own job. Cash will always be a major factor in motivating people ...

Advantages Of Skill-Based Pay

Among the advantages of skill-based pay are the following: It contributes to job enlargement and enrichment by breaking down narrow job classifications. Flexibility is increased by encouraging the performance of multiple tasks. It enables job rotation, ...

Reasons For Skill-Based Pay

More than ever before in industrial relations history a commonality of interests in the skills of employees has developed between employers and employees. Skills provide employees with a measure of protection against unemployment, as well as opportunities ...

Expectancy Theory

The expectancy theory says that individuals have different sets of goals and can be motivated if they have certain expectations. This theory is about choice, it explains the processes that an individual undergoes to make choices. In organizational behavior ...
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