Day: February 12, 2022

TYPES OF PERFORMANCE RELATED PAY SCHEMES. The following are the forms of performance related pay: – Individual Bonus Group Bonus/Team based pay Profit sharing Executive bonus schemes Competency based pay INDIVIDUAL BONUS SCHEME. This is merit pay or bonuses based Read More …

JOB EVALUATION Definitions Job evaluation is the name given to any activity, which sets out to make a systematic comparison between jobs to asses their relative worth, for the purpose of establishing a rational pay structure. Job evaluation is the Read More …

How to create a good survey instrument Most custom surveys start with these basic elements: Job Title: sounds simple, but as you’ll see in a minute, it’s very important. Benchmark Job Duty Features: The most important element. These are the Read More …

ESTABLISHING COMPETITIVE MARKET RATES Introduction. One of the hardest jobs in managing employees is making sure they’re happy. Although there are many aspects to creating happy employees, a fair and competitive wage is still the number one yardstick in measuring Read More …

REWARD POLICY GUIDELINES Definitions Reward – a one-time cash or non-cash award for significant outstanding performance. Defined Reward Program – a documented reward program developed, communicated, and implemented in consultation with the Office of Human Resources (OHR) for a particular Read More …

A procurement plan is a document prepared by each procuring entity annually to plan for all procurement requirements necessary to perform the activity plan for the procuring entity. A procurement plan contents include: 1. A detailed breakdown of required goods, Read More …