Richard Branson said: “Clients do not come first. Employees come first. If you take care of your employees, they will take care of the clients.” In other words, providing attractive employee benefits is an essential part of creating a positive employee and customer experience....
While we often think of bonuses as being paid in cash, they don’t have to be. Non-cash options include: Vouchers or pre-paid cards, which can offer good value when purchased in bulk Employee awards that recognise exceptional individual performance and may be accompanied by cash or a vouch...
Businesses conduct different types of employee training programs depending on their organization’s size, requirements, skills gaps, industry, and business activities. Here is a list of the most common types of training programs in a workplace....
Tips to follow in employee empowerment Benefits of employee empowerment Conclusion What is employee empowerment? Employee empowerment is how businesses provide their staff with what they require for success. When someone feels empowered, they are aware of their capacity for achievement and have the self...
covered by.Awards (modern awards)are legal documents that outline the minimum pay rates and conditions of employment. In Australia, awards apply nationally for specific industries and occupations. A full-time employee and their employer will usually decide together how many hours the employee will ...
Gain sharing programs pay out bonuses for statistical improvements in production and quality on a quarterly or sometimes monthly basis, providing a sense of excitement for participants. These programs are often very successful, transforming the manufacturing plant into a center of employee commitment. Sp...
A mentoring circle is a peer-to-peer type of mentoring that enables employees to find peers who share common interests or learning objectives, anddevelop together as a group. Each circle has an owner (an employee) who designates the number of participants and sets expectations for how, when ...
what is fair between both the employee and the employer. Furthermore, performance-based pay can be short-sighted; employees may have a narrow focus on meeting goals to ensure payment while neglecting other important areas of the job that may be beneficial to the long-term growth of the ...
fixed amount that is determined in advance, such as a signing bonus for a new hire or a retention bonus to encourage an employee to stay with a company. In other cases, bonuses are based on performance and would depend on an employee's individual contributions or the success of the ...
Before we get into the nitty-gritty of employee benefits (or fringe benefits), let’s define the term: Employee benefits are any kind of tangible or intangible compensation given to employees apart from base wages or base salaries. This employee benefits definition points to examples of job bene...