article thumbnail

Compensation policy template

Workable

This policy template provides a comprehensive framework for managing employee compensation. It covers all aspects of compensation, including salary ranges, bonuses, benefits, and equity. What is a compensation policy? A compensation policy is a document that outlines an organization’s approach to compensating its employees.

Policies 127
article thumbnail

How HR Teams Can Revamp PTO Policies to Meet Employees’ Financial Needs

Recruiting Daily Advisor

Although several positive economic developments have occurred recently, from job growth to falling inflation, employees still face various financial challenges, such as wage stagnation, reduced savings, and high debt levels. There have never been more ways for HR teams to provide the financial support employees are demanding.

Financial 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Best of Benefits & Compensation 2023

Recruiting Daily Advisor

Benefits and compensation are an integral component of the HR space. They can directly influence retention and employee engagement, as they span the health, financial, and work/life balance spaces. While preparing for the new year, let’s take a look back at HR Daily Advisor‘s best benefits and compensation content of 2023.

article thumbnail

Prescription for Employee Financial Wellbeing? Start with an FSA or HSA

Recruiting Daily Advisor

With inflation continuing to drive prices upward on a broad range of products and services, financial wellness is top of mind for nearly everyone. All told, the percentage of employees who feel financially well dropped to a five-year low of 44% in July 2022. How to reduce taxable income with an FSA or HSA.

article thumbnail

HR Pro Playbook: How to Navigate Global Workforce Expansion with Confidence

Speaker: Daniel Grace & Audra Bright

If anything goes wrong, you risk your company's financials, growth, and reputation. It involves navigating a complex landscape of diverse regulations, cultural differences, legal requirements, and currencies.

article thumbnail

How to Reduce Workers’ Compensation Costs in 2022

AkkenCloud

Before you can reduce workers’ compensation costs in your business, you must develop a straightforward formula. or less will decrease your workers’ compensation expenses. Here’s how: 1. Save Money on Workers’ Compensation Insurance. Your business type. Earning a modifier of 1.0 Focus on Safety.

article thumbnail

Employee compensation – what you need to know and why

Workable

Fostering a positive environment that supports team members as people instead of human capital is important, and in many instances, those initiatives are actually part of a compensation strategy, but a generous compensation package is a surefire way to catch the attention of quality candidates and establish loyalty with high-performing employees.

article thumbnail

People, HR & Analytics

Speaker: Rodney B. Bolton SPHR, CEO, HR BIZZ

Join us to learn how to empower your organization to align metrics with strategic business goals, using HR analytics. You will learn how to: Prioritize and target applicants who are most qualified for a specific position. Forecast workforce requirements and determine how best to fill open positions.