Compensation Packages & Performance Evaluations

BUSINESSTOWN Compensation Packages & Performance Evaluations

The 3 Ways to Motivate Today’s Workers


When Should You Fire an Employee?

How much time should you give an employee to improve his or her performance? There really aren’t any specific guidelines. One thing to take into consideration, however, is the employee’s length of service with your company. Loyalty does count. Give an employee who has served you for several years a few months to work out... READ MORE


How to Deal with Employee Performance Issues

Virtually all people want to succeed at work. They want to offer their best and get along well with their managers, supervisors, and coworkers. When shortcomings or problems arise, these can usually be overcome with some additional instruction or coaching, or with a positive, but frank, discussion of the issues at hand. As much as... READ MORE


Giving a Performance Review Is Not as Hard as You Think

Generally, you want to conduct formal employee reviews once per year. Both managers and employees typically approach performance reviews with a lot of anxiety. Managers tend to put off preparing for performance reviews because they can be an emotional issue. They also tend to rush through reviews because they are not comfortable giving them and... READ MORE


Dealing with Skill-Oriented Employee Issues

First try to ascertain whether the employee really lacks the skills necessary for the satisfactory performance of his or her duties, or whether another issue is negatively affecting his or her ability to perform. Often, when a manager assumes that someone cannot do a job for lack of skill, the real problem is actually centered... READ MORE


How to Speed Up Slow Workers

A Slow Work Pace Can Be a Huge Problem For Your Business A slow work pace can be among the most difficult problems to resolve unless you have standards or goals against which to compare actual performance. For most nonprofessional positions, you can create standards or minimum quantitative measures of output. For example, warehouse workers... READ MORE


How to Determine Employee Pay Raises

There are all kinds of ways to rate and compensate employees during the annual review process. For example, you could go out and do industry salary surveys for what the position is currently paying and adjust wages up or down accordingly. This could work great when wages are going sharply upward but be a disaster... READ MORE


QUIZ: WHAT BUSINESS IS BEST FOR YOU?

QUIZ: WHAT BUSINESS IS BEST FOR YOU?