Human resource directors encounter a wide variety of choices for compensation management when developing rewards programs. Creating an incentive plan raises questions like these: How much do we pay for this position? How should we design our incentive plan? Should we hire help to dive into the financial efficacy of …
Can a Compensation Program based on “Happiness” Really Work?
And can a minimum wage of $70,000 p.a. actually improve business? A Pop Quiz… An average-performing employee comes to you with evidence that he is underpaid by 10 percent. Your company’s budgets are already tight. He makes $60,000 a year. Should you…? A. Offer a 5-6 percent raise? B. Offer nothing. …