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 bonus
Whether to give a cash bonus, how much to give, and whether there are alternatives are questions many entrepreneurs ask during the holidays.
The bonuses that employers give at the end of the year sends a message to employees. And, during the holidays, employees are listening. So before you give employees their bonuses, or don’t, think it over very carefully.
Contributed by Jen McKenzie
More and more companies are utilizing remote workers these days. While there are numerous advantages to doing so, there are challenges too. Remote workers often feel isolated or not part of the group. It’s easy to forget about employees in different locations that you don’t see every day. Here are four practical ways to make your remote employees feel like they are part of your team.
Attendance policies vary from one company to the next. Some are strict, some are lenient and, some are non-existent. But no matter which kind of attendance policy you have (or don’t have), employee attendance is important because you can’t run a business without people.
The need for a strict attendance policy depends on the nature of the business, the employee’s position, and on their shift. There is no one size fits all attendance policy and so businesses should take the time to familiarize themselves with the options. The following are some different types of policies as well as how some companies go about disciplining their employees for attendance problems.
Time off is, traditionally, a benefit employees earn just for working at the company. Whether employees earn time off by the hour, day, week, month, or year, it’s dolled out based on the time they put in. But times they are-a-changing and time off is increasingly given to employees for other reasons, such as non-monetary bonuses or rewards for good behavior.
Employee bonuses are a great way to boost employee morale and company loyalty. This all feeds back to the success of your business in the end, but what kind of bonuses should you give and how do you keep track of them?
When we think of the employee bonus, we usually think year end or sign on. These aren’t the only types of bonuses, however. Bonuses can come at any time and in forms other than cash.
For example, employers give bonuses for a job well done at the end of a project. The bonus doesn’t have to be cash either. Bonuses can be creative gifts. Let’s check out some different types of bonuses and when employers usually give them.
Performance reviews can be a chance for both the employee and employer to discuss goals, needs, salary, and initiatives. Many companies, though, avoid performance reviews, thinking that they are impersonal, threatening, or a waste of time. In fact, they are what the company makes of them. Performance reviews can be easy going, friendly, and highly beneficial to the company and the employee.