Want to pay for performance? Take a long-range view to avoid problems. Some incentive-pay plans are designed in a shortsighted manner by rewarding workers for the wrong efforts. A plan that pays bonuses to those who cut costs may appear sensible, but it can prove misguided. That’s because employees who are overeager to cut costs may lose sight of value-added services that could produce additional pockets of profit.
You work so hard to make a favorable impression on job candidates. But what happens when they show up for work? How are you handling the employee’s first hour, first day, first week and first months on the job?...Click here to find out more.