Voluntary benefits: bridging the gap

Article Abstract:

Voluntary benefits are optional benefits which can be used as cost-effective supplements to traditional employee benefits packages. These benefits have become part of employee assistance programs which offer education, information, counseling and support for troubled employees. Employers incur no cost when they are provided in their organizations since the insurance provider absorbs all the costs of marketing the service to employees. These benefits give added leverage to employees than what they normally would have.

Employee Benefits NEC, Management, Employee benefits

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New approach to salary increases can bring vitality to pay-for-performance

Article Abstract:

Employees' motivation and performance can be enhanced when their salaries are directly affected by performance ratings. Companies are advised to implement a performance appraisal system with specific objectives and standards, where goals are defined in terms of quantitative value. Thus, employees would be required to achieve these goals to acquire additional benefits. The system would then reward those employees who are able to meet the highest standards.

Wage payment systems, Employee performance appraisals, Performance appraisals, Pay structure

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Create competitive advantage through compensation

Article Abstract:

Compensation programs are formulated to impart a distinct level of compensation. These compensation programs were intended to retain top-notch personnel before although, nowadays, compensation programs'aim is to give the organization a competitive advantage since what gets rewarded, gets done. Employees are motivated to perform the correct things with increasing efficiency.

Methods, Employers

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