The holiday season is among us, which means that it’s the season for raises, bonuses, and more. A lot of employees have expectations this time of year because many employers provide extra perks. Employers might give extra pay as incentive to work during the holidays, cash bonuses, extra time off, and more. With all of these different policies implemented by businesses, employees aren’t sure what they’re actually entitled to. What can employees expect when they work on a holiday?
Tag: employee benefits
If you’re an employer, an acquisition is a good thing. This means that your business gained so much revenue and popularity that another larger company sees its potential and purchases it. If you’re an employee, you may have a different mindset about acquisitions. Unlike employers, employees often do not sit back and relax when they hear about this transition. After an acquisition, employees are nervous about their job security, and rightfully so. All of these changes cause confusion and nervousness among employees, and that’s why we’re here to clear things up:
Your employees make your company successful, so why not show them that you value their work? Giving raises is one of the best ways to show your employees that you care about their dedication and hard work. Not only will raises motivate employees, raises can also help your business. Employers often use raises as a way to increase retention at the workplace. When you offer a competitive salary or hourly wage, employees will not look for work elsewhere, which prevents turnover. This will save you the trouble of having to find and hire new employees.
Employers often give employees benefits to help them settle into new positions. Many employees think that they deserve benefits like vacation time, laptops, pension plans, Insurance, and more. Although many employers provide these perks and amenities, there is no obligation to provide anything to your employees beyond these legally required benefits:
Contributed by Abby Drexler
Without the distractions of illness, fatigue, and low mood, employees can do their best work. This, however, is not reality for many American employees who struggle with sleep and mood problems, get sick often, and are generally sluggish. While people do need to take responsibility for their own health, employee wellness programs can offer employees a nudge in the right direction.
Contributed by Sophia Conti
Many small businesses run on the bare essentials. Often, those essentials do not include streamlined and well-planned human resources functions. Even larger businesses fail to establish HR protocols and standard operating procedures. Many believe that HR is too expensive to implement for the minimal purpose it will serve. This may be true for some of the more expensive HR solutions but many HR resources are inexpensive. It helps to understand what human resources can accomplish and how it can benefit the company.
Most people probably aren’t even aware that such a thing as partial unemployment benefits even exist but, in fact, unemployment benefits aren’t so black and white – lose your job, get assistance. There are benefits available for employees whose hours are cut or whose pay is decreased as well and, as a business owner, you should know this.