Compensation & Benefits



Is your compensation & benefits pacage competitive? Are your bonus plans linked to performance?

TIPS FOR INCENTIVE PLANS

  1. Identify eligibility
  2. keep them simple
  3. Goals shoud meet company objectives
  4. Goals should provide a return for the company as well as employee
  5. Employees should have regular status updates
  6. The lower base pay employes should receive rewards more frequently
  7. Have a provision  for changing plans
  8. Communicate,Communicate,Communicate

 

 

 

We can help you stretch your human resource dollars by establishing programs designed to reduce or control costs and creating positive results for you and your team.

 

DOT.COM PAY PLANS

In a recent article in WorldWorkJournal*, pay plans for dot.com companies:

  • Are often market driven
  • Often use pay strategies designed historically for top executives
  • Are usually attractive to risk takers
  • May have problems with meeting stock option expectations
  • Must be flexible and competative
  • Address internal equity
  • Need to have more employee feedback

 

*Fourth Quarter 2000

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