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Incentive Compensation: Why Your Strategy Might Include It

Zenefits

Many organizations opt for an incentive compensation program as part of their total compensation strategy. An effective incentive compensation plan can produce an array of short- and long-term benefits for both employer and employee. What is incentive compensation? Why are incentive compensation plans valuable?

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Employee Promotion: Your 7-Step Guide on the Types & How To Promote

AIHR

Vertical The employee advances to a higher position with additional responsibilities, compensation, and authority. An employer promotes a Payroll Executive to Payroll Manager. An Account Specialist receives a promotion to Account Manager, but their salary remains the same (for the time being).