Ever wonder whether it makes more sense to offer employees a company car or a car allowance? Offering a company car or a car allowance requires a major decision, with key factors to consider with each option. Understanding the pros and cons of each approach can help companies drive forward with the best solution. Read on to learn more about this type of employee benefit. Understanding the Difference Between Company Car and Car Allowance Providing transportation for employees is a key perk for various companies. The two most common options are company cars and car allowances. With a company car... view blog & white papers details

You want to get the most bang for your buck when managing employee compensation, right? Direct and indirect compensation are the keys. Balancing salary, bonuses, and benefits to maximize employee value takes strategy and know-how. Fear not - in this post, we'll break it all down.You'll learn the ins and outs of direct pay like wages and stock options. We'll also explore indirect compensation, including healthcare, retirement plans, and paid time off. With the scoop on optimizing both forms of payment, you can create a compensation package that attracts top talent. Let's dive in and unveil the ... view blog & white papers details

Many questions about leave policies, pay, and job protection accompany the excitement of a baby's arrival. Laws and leave policies in the US vary depending on the state.  Some provide more benefits than the federal Family and Medical Leave Act (FMLA). This guide offers expecting parents an easy-to-understand overview of leave benefits and protections. Overview of Federal Maternity Leave Laws in the US The FMLA allows eligible employees to take up to 12 weeks (about 3 months) of annual job-protected, unpaid maternity leave for newborn childcare. To be eligible, you must have: Worked for their... view blog & white papers details

The job benefits you are offering may be good, but your employees may not realize how valuable they are. They may not have any idea about all the extra benefits they are getting. To help employees see how much they can benefit from these, including all those hidden rewards, companies are now providing their employees  total compensation statements. These statements show a detailed view of an employee's overall compensation, not only their salary. What Is a Total Compensation Statement? A total compensation statement provides a comprehensive view of the rewards employees get from their job.  Un... view blog & white papers details

Competitive pay is the compensation that is close to what other organizations pay for similar work in that industry and market. More simply, it's compensation that would meet or beat your competitor's offers for the role. There are many ways to approach compensation and finding the right mix for the moment is more about people than money. Why competitive pay matters Competitive pay is a big part of how you hire and retain employees. When a candidate has multiple offers for similar roles, compensation is a major consideration for someone deciding whether to take the job. This is especially tru... view blog & white papers details

Read on to understand the importance, benefits, examples, and FAQs about total rewards in human resource management. A study showed that employees tend to experience job satisfaction when they feel valued and receive fair compensation and benefits. When they are satisfied with their job, they excel at work and contribute positively to the company. Organizational success requires effective compensation and benefits. Also, adopting a comprehensive approach called total rewards, which includes non-monetary aspects like career development and a positive work environment, further enhances employee ... view blog & white papers details

Dental care is essential, but it can be quite expensive. Fortunately, some companies offer dental plans as part of their employee benefits. If you have dental benefits at work, it is important to understand your plan to make the most of it. Knowing the ins and outs of dental plans helps you budget for out-of-pocket costs. Learn the basics of your dental plan to maximize your employee benefits and keep both your smile and wallet happy. Overview of Dental Plan Benefits Most dental plans offer basic coverage for general dental exams, cleanings, fillings, and other routine care. Typically, plans ... view blog & white papers details

Designing a compensation package that drives performance. Step 1. Understand your employees' needs. Step 2. Conduct market research and stay competitive. Step 3. Build a pay-for-performance model. Step 4. Communicate effectively and transparently. Step 5. Track and measure the impact. No matter how talented your team is, without a carefully designed compensation package, your ability to attract and retain top talent may fall short. Building an attractive total reward package requires a strategic approach that aligns with your organization's objectives and principles. In this guide, we'll explo... view blog & white papers details

When it comes to how much companies pay their employees, most workers wonder whether they are getting a fair deal. Compensation transparency is becoming a hot topic as employees push companies to be more upfront about pay practices. But are companies ready to pull back the curtain? This article explores the state of pay transparency and whether companies are being fully transparent about pay with their workforce. While pay transparency may feel taboo, attitudes are shifting. The more companies can be open about pay, the better it is for employee relations and retention. The Current State of Co... view blog & white papers details

Attracting and retaining top talent requires more than just competitive pay. Employees want to feel valued through additional compensation like bonuses, equity, and benefits. Offering these incentives shows appreciation for employees while also maintaining their motivation to perform at their best. This article explores techniques for structuring total compensation packages to boost employee retention. Read on to discover what perks and rewards are most enticing today, tailored to appeal to teams' preferences and motivations. With the right incentives, companies can become top choices for empl... view blog & white papers details