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.
Even one payroll mistake can damage your standing in the office — and possibly your career. It’s important to spot the holes in your employee pay compliance before the feds or state agencies do....Click here to find out more.