Annual bonuses can boost motivation, retention & company success, but clarity, fairness, & transparency are key to avoid dissatisfaction & increased turnover.
Profit sharing schemes align employee interests with company success, boosting motivation, engagement, and collaboration, while requiring careful implementation.
Total Rewards Approach combines compensation, benefits, work-life balance, career development, and recognition to attract, retain, and engage top talent.
Strategic compensation is a long-term approach that aligns an organization's compensation practices with its overall business strategy, including attracting and retaining top talent, motivating employees, and achieving business goals. It involves designing a compensation plan that is competitive, fair, and sustainable, while also promoting employee engagement and productivity.
People may have a negative perception of Human Resources (HR) departments due to their role in enforcing company policies and procedures, as well as for their involvement in employee layoffs and terminations. HR is also often seen as bureaucratic and disconnected from the frontline workers.
Choosing between internal & outsourced HR solutions impacts employee engagement, performance & company culture. Weigh pros & cons, involve stakeholders, and plan for smooth transitions.
Insubordination is willful disobedience or disrespect towards authority, causing reduced productivity, lower morale, and potential legal issues. Addressing it is crucial.
HR professionals play a pivotal role in leveraging vision & mission statements, driving organizational growth and fostering a committed, engaged workforce.