Managing Employees
Communicating expectations is critical to profitability. Managing employees well is the key to reducing waste. Doing both can help keep employees happy, while maximizing profitability.
Articles
- Woody Allen’s Compensation Program
We’re planning to give our hourly employees a cost of living pay increase next month. What should we use as the benchmark?
Pay for performance (or merit pay) is the compensation program I recommend – regardless of the employee’s status in the company. Unless you’re planning to hire according to the Woody Allen theory (“80 percent of success is showing up.”) I suggest you avoid across the board COLA (Cost of Living Allowance) pay increases.
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Templates
- Termination Letter Template
- Terminating an employee is often a challenging experience. Download this template to help you with the necessary documentation of the termination.
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Handouts
- Why Great Employees Leave
- With people more willing than ever to seek better opportunities, here are the top reasons why great people leave companies.
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