- #THE INCENTIVE THE OFFICE SCRIPT SOFTWARE#
- #THE INCENTIVE THE OFFICE SCRIPT FREE#
Other companies offer completely different kinds of perks. Inside Google’s lair – How google employees work” here (opens in new window). You can view the transcript for “Life at Google. Watch the following news clip to find out more about perks at Google.
#THE INCENTIVE THE OFFICE SCRIPT FREE#
Free haircuts and dry cleaning, gyms and swimming pools with personal trainers, nap pods, subsidized massages, and on-site doctors are just a few of the perks it offers. Google, in particular, is well-known for making its employees happy and providing resources to lower stress. Silicon Valley is loaded with companies that provide everything from free food to massages to its employees.
#THE INCENTIVE THE OFFICE SCRIPT SOFTWARE#
One industry that offers an incredible range of perks and incentives to its employees is software development. But how do you encourage (or incentivize) a person to do their best work? The answer depends on the culture of the business, the needs or preferences of the individual, and the options available. The consequence is often that if you do poor work, you will get fired and lose your income and benefits. If you want to encourage people to work hard, you should offer them both a reward for good work and a consequence for poor performance.
Record keeping related to payment for benefits and bonuses. Tracking work hours for employees eligible for overtime pay or comp time (extra time off to pay back overtime hours). Collecting employee information such as W-4 and I-9 tax forms and proof of legal work status. Payroll systems are set up and managed by HR or by a contracted payroll company. Payroll ManagementĬompensation is usually provided through a payroll system that manages and records payment of wages to each employee. 
The reasons behind compensation are complex as a manager, you will need to keep your eyes on the competition and changing trends to be sure your employees receive fair and equitable pay. For example, you may need to make the case for paying Audrey more than Joe would have demanded by explaining why Audrey’s skills will make a positive difference to the bottom line.
Supply and demand (if your company must find a person with specific qualifications and there are very few people with those qualifications, your company may need to spend more to attract qualified candidates).Īs a manager, you may need to negotiate compensation both within your corporation and with your new hire. Personal qualifications (Audrey may command a higher salary than Joe because she has more years of experience or a higher level of education). Labor negotiations (if the person is a member of a labor union, collective bargaining may apply). Cost of living (it’s more expensive to live in New York City than, for example, in most rural areas). Competitive analysis (what are people in similar jobs making per hour, week, or year?). Managers work with human resources to set and raise wages based on a number of factors: CompensationĬompensation is just another word for wages. As a manager, you may have the option of offering your team members specific incentives based on their type of work and particular areas of interest and need. To attract and keep their best employees, companies provide a “package” that includes compensation (money), incentives (special perks or rewards for good work), and benefits (valuable options such as health insurance and paid vacation).īecause each employee is unique, larger corporations offer a wide range of mix-and-match options to suit individual needs and preferences. 
Most companies want to hire the most qualified employees and keep those employees loyal and productive. Describe common employee compensation and incentive strategies.
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