Employee embezzlement is a common crime that is difficult to detect. To prevent it, employers should perform background checks, implement a thorough security plan, and perform routine checks on employees. However, extreme measures can backfire and harm employee morale. Employee embezzlement occurs when an employee steals funds entrusted by their employer. This common crime is […]
Employee stock options are privately issued between an employee and an employer, with certain conditions attached. They cannot be sold immediately and are generally not transferable. Companies offer more stock options to valuable employees, with an exercise price set by the company. Employee shares have a longer duration than regular shares and are generally taxable. […]
Improving employee morale leads to increased productivity, less sick days, and happier employers. Showing appreciation, encouraging social interaction, offering rewards, and creating a pleasant working environment are all ways to boost morale. Improving employee morale is beneficial to everyone involved in a workplace. Boosting it means people will take more pride in their work, call […]
An employee trust fund is a type of trust where employees receive benefits such as healthcare and pensions through the trust, with the employer paying into the fund. These trusts can be used by employers to provide access to benefits, and can be organized to pay for healthcare services or retirement funds. However, poor management […]
Calculating employee turnover involves dividing the number of employees who left by the average number of employees for a period. Tips include calculating company-wide and departmental metrics, asking employees why they left, and calculating direct turnover costs. Exit interviews and analyzing trends in responses can help identify problems. Employee turnover is a basic HR metric […]
To become a mailroom clerk, create a professional resume, network with friends and family, and show enthusiasm during the interview. Being well-organized and willing to learn are important qualities. Follow up with a thank-you note after the interview. There are many A-list executives who held the entry-level clerk position before climbing the corporate ladder. Courier […]
Factory workers and office workers have different jobs and work environments. Factory workers assemble or package goods, while office workers do information preparation and analysis. Factory workers may need safety gear, while office workers usually wear appropriate attire. Both may perform repetitive tasks and must be team players. The hands in the factory and the […]
Employee incentive plans can include specific benefits like health insurance or rewards for certain behaviors like increasing sales. Non-cash benefits like gym memberships can inspire loyalty and productivity. Cash bonuses and gift certificates are common but may not have lasting power. Travel incentives and branded merchandise can better remind employees of their incentives. Companies should […]
Employee screening is a process to verify qualifications, identify security risks and personality traits. Screening can be done by an outside company or the employer. Companies can choose from a range of screening products, but must be screen-conscious to avoid anti-discrimination laws. Employee screening is a process in which a potential employee is surveyed to […]
An employee trust is a type of trust offered as part of a company’s benefits package, with the employer as the grantor and employees as beneficiaries. The most common types are ESOP and Pension Fund, and the trustee manages the trust. ESOP allows employees to receive shares without making contributions. An employee trust is a […]
An employee benefits manager manages an organization’s employee benefit plan, obtaining the best plans from insurance providers, communicating benefits and costs to employees, and overseeing claim forms. They also communicate plan details, provide materials, and oversee paperwork for reimbursement plans. An employee benefits manager is responsible for managing the overall administration of an organization’s employee […]
Employee performance management involves planning, monitoring, developing, evaluating, and rewarding employees to improve corporate culture and retain valuable employees. It includes job goal planning, monitoring performance, and offering tips for improvement. Evaluation is followed by rewards, which can be monetary or incentive-based. Employee performance management is the process used by companies to manage their employees […]
Fringe benefits can increase employee productivity, but only if they are affordable and offer reasonable coverage. Health insurance, access to health clubs, and employee incentive programs can have a positive effect. Companies should offer benefits at all levels to keep productivity high, but basic rights like fair pay and respect are still crucial. Many people […]
Employers’ use of technology to monitor employees, such as computer and phone monitoring and video surveillance, can hinder employee privacy and cause conflicts in the workplace. Employees should understand their employer’s privacy policy and ask questions about any practices they do not understand. Employees are often concerned with maintaining personal privacy in what could be […]
An employee benefits consultant helps employers find the best benefit packages for their company, with responsibilities including researching new legislation and developing new plans. Interpersonal and math skills are essential, and there is no specific degree required. An employee benefits consultant helps employers find the most compatible benefit packages for their company. These consultants determine […]
To become a general office employee, a high school diploma or GED is required. A certificate in administrative training and proficiency in typing, filing, and basic computer software is beneficial. Temp work and communication skills can help in advancing to an administrative position. Politeness, assertiveness, and dressing appropriately are important during interviews. If you want […]
An employee savings plan is an optional investment account created by employers for their employees to contribute pre-tax earnings towards long-term goals such as retirement, education, or home ownership. Employers may match contributions and use it as part of their benefits package to attract and retain skilled workers. It is not the same as a […]
The employee value proposition (EVP) is a way for employers to provide incentives for employees to perform well and use their talents. This can include tangible and intangible benefits, such as bonuses and recognition, and can help retain valuable employees. Employers can also offer assistance with education and career advancement to strengthen loyalty. The employee […]
Companies offer various employee training programs, including mandatory programs on topics like sexual harassment and safety, developmental programs for management positions, and outside programs for skill development. Some programs are required by law or to avoid lawsuits, while others are for personal and professional growth. Different types of employee training programs may be offered by […]
Employee deferral is an investment in a retirement account based on personal income, paid into a mutual fund before taxes. The investment earns interest and is often used as a retirement program, with taxes paid on the initial invested amount once the investment is paid out. Some companies offer to match an employee’s deferral, which […]
