What's it: Job redesign is the act of rearranging and restructuring the roles, tasks, and responsibilities attached to a particular job. It can involve job rotation, job enrichment, and job enlargement. It aims to make work more interesting,
Human Resources
Job Description: Why It Matters, Examples
What's it: A job description is a document outlining all the inherent aspects of a job in your company. It includes title, duties, responsibilities, the scope of work, hours worked, salary, to whom to report, and qualifications or skills
Training: Definition, Importance, Types, and Benefits
What's it: Training is a human resources program to help your employees sharpen their competencies. It aims to increase performance and productivity in their current role. For example, new employees need the training to adapt more quickly and
Fueling Performance: Understanding Motivation in Business
Motivation is the urge to act or behave in a certain way. The urge can come from persuasion or interest, and personal gain can also be a driver. Other driving factors are wants, needs, goals, preferences, perceptions, attitudes, recognition, and a
Job Rotation: Importance, Advantages, and Disadvantages
What's it: Job rotation is a way to motivate employees by assigning them different tasks and jobs from the ones they were previously working on. That could involve them moving to another division or department. Or, they do different tasks and
Wages in the Labor Market: Types and Differences from Salary
What's it: Wages are irregular payments to workers. Companies may pay them based on the hours worked or their output. It may be paid daily, weekly, monthly, or when the project has been completed. Unlike salary, workers at the same level may
Commission-Based Pay: How it Works, Pros, Cons
What's it: Commission-based pay is money paid to employees based on the value involved, expressed as a percentage. How to pay commissions can vary between jobs and companies. For example, companies pay commissions to salespeople based on their
Profit-Sharing as a Motivator: How it Works, Advantages, Disadvantages
What's it: Profit-sharing is a bonus paid to employees based on the company's profit performance. It is an additional incentive beyond the salary they receive. When it exceeds the target, the company distributes a portion of the profit as a
Performance-Based Pay: How it Works, Pros, Cons
What's it: Performance-based pay is a compensation scheme beyond salary adjusted for employee performance. If they reach or exceed the targets set by management, employees get bonuses. The company gives it after evaluating the employee's
Time-Based Wage: How it Works, Pros and Cons
What's it: Time-based wage is a remuneration system calculated based on the time contributed by workers. It is usually calculated based on hours worked. Thus, the total wage paid to each individual is equal to the total hours worked times the
Piece-rate Wage: How it Works, Advantages and Disadvantages
What's it: A piece-rate wage is a wage system in which workers are paid based on the output produced. This is an alternative to time-based wages, calculated based on hours worked. This pay system is suitable for businesses where their products
Fringe Benefits: Examples, Advantages, Disadvantages
What's it: Fringe benefits are compensation provided to employees beyond salary or wages. Common examples are insurance, retirement plans, family leave, and gym facilities. Some companies may also provide non-general or specific benefits such as