Compensation And Benefits

Written by Serena Berger
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Benefits are one of the things most likely to draw a desirable employee to your company. When people are first looking for jobs out of college or looking to change jobs later on in their careers, they often turn to write-ups in national publications for guidance. Unbiased sources review companies all over the country and rank the most pleasant work environments, the companies with the best benefits, and the companies where morale is best.

Administrating Unique Employee Benefits

Health care, a policy about personal days, overtime compensation, and vacation days are some of the major criteria applicants consider. They may also be interested in transportation subsidies or relocation assistance. If your HR staff is authorized to make unique deals with applicants, it becomes all the more difficult to administrate your employee benefits. There are privacy issues as well as personnel issues involved, and it can be a labor intensive process to maintain and monitor a database, too.

Getting as much of the process computerized as possible is an ideal, but one which must be balanced with practical concerns. For example, it is easy to use software that will allow employees to submit requests for time off and then tell them if they are within their annual allotment of vacation days, but you still need to involve a supervisor. You can have the employee submit a request online, use the database automatically to determine whether the employee has enough vacation days remaining, and then send an email to the employee's supervisor asking for verification for the specific dates. It may be that your employee has two weeks of vacation, but you would want to request that he take it at some time other than the week before a major presentation is due.

Integrating your HRIS software with your financial programs is one of the best ways to deal with benefits and compensation. Employees can log in at a terminal that cannot be accessed from outside of the office, so that you know when they are at work. That makes it easy to calculate hourly benefits or overtime, and makes it easy for employees to keep track of what they should expect on their paychecks.


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