Compassionate leave is employer-granted time off of work for a personal situation, usually to grieve a death or handle a family emergency. Although sometimes referred to as bereavement leave, compassionate leave differs in that it …
When Should You Write A Compassionate Leave Policy? Read More
Compensatory time off, also known as compensatory time or comp time, is an alternative form of pay for working overtime. Some companies choose to pay compensatory time, a form of paid time off, rather than …
Why Compensatory Time Off Is Illegal (and 1 Exception) Read More
If your executives already have a 401(k) but you want to bring in another form of compensation to encourage them to fill your high-paying positions, deferred compensation may be the answer. Deferred compensation is pay …
When is Deferred Compensation Appropriate to Offer? Read More
Private companies can—and absolutely should—consider offering equity compensation plans to their employees. Equity compensation is a type of variable compensation that gives workers a share of the company’s profits. These plans are designed to offer …
6 Types of Equity Compensation Plans for Private Companies Read More
Sales representatives want to get paid fairly for the work they do and the revenue they generate, rightfully so. To pull in the best sales reps, you need to offer the most attractive sales compensation …
7 Sales Compensation Plans That Attract Hungry Reps Read More
Let’s get right down to it: Workers’ compensation is just as important for remote employees as it is for on-site employees. Workers’ compensation, also known as workers’ comp, is a legal requirement for most businesses. …
Yes, Workers’ Comp for Remote Employees is Usually Required Read More
Just thinking about all the employer costs for employee compensation is enough to make your head spin. There’s payroll tax. State tax. Worker’s compensation insurance. Benefits like healthcare, retirement contributions, and PTO. Long story short? …
Employer Costs for Employee Compensation: the 25% Shortcut Read More
Are you looking for out-of-the-box compensation ideas for the employees on your team? We’ve got a list for you. Best of all, each idea on our list has the potential to deliver a return on …
7 Creative Compensation Ideas Your Boss Will Approve Read More
Discussing pay can make employees and managers uncomfortable—but it shouldn’t. The salary or wage you pay your employees isn’t an elephant in the room. It’s one of the biggest reasons—if not the biggest—that they’re working …
Avoid the 7 Blunders That Paralyze Compensation Discussions Read More
If you don’t know your compensation philosophy, it’s time to figure that out. A compensation philosophy is the guiding light for every choice you make about what you pay employees. There are three core philosophies: …
What We Learned Reviewing 11 Compensation Philosophy Examples Read More
