The old saying of ‘failing to prepare is preparing to fail’ is particularly true in relation to interviewing. If you are going to have any real chance of finding the most suitable ...
It has already been established that interviews are a very subjective method of evaluating the suitability of a candidate and some guidance has been provided above on how you might ...
Consider the following questions:
Have you completed a job analysis whereby job descriptions and person specification (employee profiles) have been drafted for key positions?
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Listening is a skill designed to encourage the candidate to speak up more and to prevent you from doing all the talking. We often assume that as we have two ears and don’t have any ...
There are many advantages associated with the implementation of a performance management system. A performance management system can make the following important contributions:
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Cost-of-living adjustments (COLA) imply the same percentage increase for all employees regardless of their individual performance. Cost-of-living adjustments are given to combat the ...
Whereas short-term incentives usually involve an attempt to motivate performance in the short term (i.e., quarter, year) and involve cash bonuses or specific prizes (e.g., two extra ...
Base pay is given to employees in exchange for the work performed. The base pay focuses on the position and duties performed rather than on an individual’s contribution. Thus the ...
Similar to contingent pay, incentives are allocated on past performance. But incentives are not added to the base pay, and are only temporary pay adjustments based on the review period ...
An employee’s compensation, usually referred to as tangible returns, includes cash compensation (i.e., base pay, cost of living and merit pay, short-term incentives, and longterm ...