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Paying for Performance: How to Reward Productivity and Elevate Engagement
Under a pay-for-performance system, employees get rewarded for the right reason: job excellence. Paying for performance removes the subjectivity from compensation by establishing structured ways to measure an individual’s: performance productivity results How? Instead of showing you, we’d like to tell you a story … Meet William Every company has a William. Ever the go-getter, […]
Paying for Performance: How to Avoid Salary Compression and Other Compensation Pitfalls
In 2015, Gravity Payments, a Seattle-based credit card processing firm, tried something unorthodox: Chief Dan Price set a new minimum salary of $70,000, even sacrificing some of his own to make it happen. It made national news. Résumés poured in. But this seemingly heroic gesture also had unexpected consequences: Two of Price’s most valued employees […]
5 Ways Performance Management Can Lead to Unmanageable Costs
Performance management. It sounds like just another set of tasks on an HR professional’s to-do list. Which it is. But did you know each of those HR tasks has a cost attached? Ernst & Young recently conducted comprehensive research to determine costs associated with 41 common HR tasks and found performance-management functions are among the […]
I-9s, COBRA and the High Cost of Noncompliance
As any HR or legal professional knows, keeping your business compliant is not to be taken lightly. Make no mistake about it – when errors are made in relation to I-9s and COBRA, hefty fines can add up fast – and can multiply when these processes are still being performed manually. I-9 errors A recent […]
Top 5 Employee Engagement Blog Posts of 2018
As any HR professional can attest, employee engagement is something all businesses strive to achieve. Because when employees are engaged, their passions align with the company mission, which leads to a positive attitude, high performance and mutual success. But engagement isn’t just a switch you flip on. It’s a delicate balance. Lucky for you, the […]
The Top 5 Paycom Blog Posts of 2018
As any employer – and especially a HR professional – knows, a lot can change in a year. A natural side effect of this business climate means there’s never a shortage of topics for our experts to write about. Paycom’s blog posts help you navigate the complexities and nuances of the important developments affecting your […]
The Human Side of Business: Making the Case for an EAP
The employer-employee relationship is just that — a relationship. And relationships come with certain expectations, even in the business world. Employees want to feel they’re being taken care of. After all, they’ve committed themselves and proven their worth to you. That’s why you hired them. In exchange for their commitment, they expect to be paid […]