Making incentive pay work — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
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.
New HR laws and regulations carry stringent rules on electronic records – and stiff penalties for noncompliance. And you can be sure that a savvy plaintiff’s attorney will pounce on any electronic sins of commission OR omission....Click here to find out more.