The bonus scheme are usually seen as the best motivational tool. Generally, it is true, when the economony and the organization grows. The employees get nice bonuses and they expect higher bonuses every year. The economic crisis changes the picture. The employees have to be prepared to get smaller bonuses, but they are not ready [...]
Category Archives: Compensation and Benefits
Bonus is not performance feedback
September 14, 2008 – 6:19 pm
The managers always wish to pay high bonuses. They want to provide the employees with a huge feedback, how they are satisfied with their effort. But in reality, the employees ask for the real feedback, the money is a nice extra for them. The bonuses cannot work as the supplement for the real feedback provided [...]
Building complex bonus scheme
July 6, 2008 – 11:08 am
The company wants a lot of effort from its employees. The managers demand to have many aspects in the remuneration scheme. Without being limited and navigated by the HRM Function, the bonus schemes in the organization can get very complex and losing its main goal – to support the productivity in the organization.
Is your variable compensation really variable?
June 16, 2008 – 9:28 pm
The companies believe in the variable part of the pay of employees. The variable compensation belongs among the most important components of the remuneration policy.
Transparent remuneration policy needs mature management team
June 14, 2008 – 10:54 pm
Each company needs to solve the dilemma about the remuneration policy. It is usually one of the key elements in the area of Human Resources and the issue with the remuneration policy is about announcing the principles and the real content to the employees or to leave the policy un-transparent and provide the managers and [...]
Fair Compensation Scheme
May 26, 2008 – 7:19 pm
Fair compensation scheme is a dream for many HR Professionals. In reality, the fair compensation scheme does not exist, just the compensation scheme, the business is able to accept and employees understand the principles.
The company should invest time to design of the compensation scheme and even more time for presentation of the compensation scheme to [...]
