Human Resource Management – Performance Bonuses

Performance Bonuses

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Like merit pay, performance bonuses reward individual performance, but bonuses are not rolled into base pay. The employees must re-earn them during each performance period. Bonuses may also be linked to objective performance measures rather than subjective ratings.

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Following are some of the topics in Human Resource Management – Compensation Management in which we provide help:

Compensation Management
Legal Requirements
Human rights legislation
Pay Equity Act
Economic Influences on Pay
Product markets
Pay Level: Deciding what to pay
Gathering Information about Market Pay
Employee Judgement about Pay Fairness
Judging Fairness
Job Structure: Relative Value of Jobs

Pay Structure: Putting it all together
Pay Rates
Pay Grades
Pay Ranges
Alternatives to Job – based- pay
Incentive (Variable) Pay
Pay for Individual Performance
Piecework Rates
Standard Hour Plans
Merit Pay
Performance Bonuses

Sales Commission
Pay for Team Performance
Gain sharing
Management commitment
Pay for Organizational Performance
Profit Sharing
The Role of Employee Benefits
Benefits Required by Law
Employment Insurance
Worker’s Compensation
Optional Benefit Programs

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