Remuneration is generally understood to be the payment of wages or salary, plus benefits, to an employee for work performed. It can also be used as a tool to attract and retain employees.
There are a number of processes and tools that an employer can use to get the most out of their employees.
The role of a strong leader and manager is to communicate, empower and motivate their employees, whilst being strategically focused on performance outcomes.
It is therefore important to guide and develop future leaders and managers within the business and provide support to current leaders and managers, so they can enhance both their own and their team’s performance.
It can be a lengthy process to attract the right candidates and ultimately employ the right person for your business. But it is an important process to get right the first time, especially for a small business. To achieve this, you will want to ensure your entire recruitment and attraction process is sound and robust.
When hiring a new employee, it is common practice to include provision for a probation period in the offer of employment.
Oh oh! When was the last time you reviewed your Human Resource documentation such as policies, procedures and templates?
A human resources strategy addresses a business’s long term people requirements needed to achieve the business strategy and plan. This includes understanding of business structure, employee positions and employee capabilities.
Often business owners are so busy on the day to day operations of their business that it is rare to think about the future.
It is common for business owners to get caught up in the day-to-day operational aspects of their business. They feel they ‘need to do everything’ for the business to be strong, as being the owner, they have invested a great deal of time and emotional capital in their venture. They have also invested a great deal of money.
An employee departure within your business, regardless of whether they have been with the business 12 months or twelve years, can have an impact.