How to Create a Successful Bonus Program
Bonuses and incentive programs are some of the best ways to motivate employees. However, for them to work, they must be equitable, realistic, achievable, and concise. Therefore, a successful bonus program must be thoughtfully designed. Boiled down, a bonus is simply extra money, paid to employees, in addition to their wages or salary. Also called… Continue reading How to Create a Successful Bonus Program
Choosing the Right Salaries for New Employees
Determining the optimal salaries for new employees can be a complex calculation – and the math can change employee-by-employee… even at the same position/level. In order to minimize turnover, you need to set a range for how much employees in each position should be paid. This range is based on your expectations out of the… Continue reading Choosing the Right Salaries for New Employees
FLSA Mistakes To Avoid
Almost every employer is required to adhere to the Fair Labor Standards Act – the FLSA. However, that’s oftentimes easier said than done. The FLSA is a complex framework, and mistakes are both common and costly – especially for smaller businesses. The Fair Labor Standards Act was enacted in 1938 after a rising demand for… Continue reading FLSA Mistakes To Avoid
Health Insurance Plans and Alternatives for Small Businesses
Health care plans can be a bit of a double edged sword; you can bundle them in with compensation plans to entice talent to join your organization, but the costs can be prohibitive. Plus, with major differences between plans, it can be difficult to pick one that will work for all of your employees. Since… Continue reading Health Insurance Plans and Alternatives for Small Businesses
Creating a Post-Pandemic Talent Retention Plan
Attracting talent is a necessary part of the Human Resources equation… but a small business that is able to retain its most talented employees has the potential to grow into a long-lived, profitable company. On top of our payroll services, our role with many of our partners is working with them on talent retention. See… Continue reading Creating a Post-Pandemic Talent Retention Plan