{"id":26325,"date":"2013-05-20T13:04:18","date_gmt":"2013-05-20T07:34:18","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=26325"},"modified":"2024-04-12T14:18:39","modified_gmt":"2024-04-12T08:48:39","slug":"methods-of-compensation-2","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/methods-of-compensation-2\/","title":{"rendered":"Performance Appraisal Tutorial | Methods of compensation"},"content":{"rendered":"<p><a class=\"vsc\" href=\"http:\/\/www.vskills.in\/certification\/Certified Performance Appraisal Manager \"><span class=\"vsc-cn\" style=\"text-align: center;\"><span style=\"color: red;\">Certify and Increase Opportunity.<\/span><br>\n<span style=\"color: green;\">Be <\/span><br>\nGovt. Certified Performance Appraisal Manager<br>\n<\/span><\/a><\/p>\n<h1>Methods of compensation<\/h1>\n<p>Executive compensation is hot but the non-executive workers feel ignored and frustrated as they see the gap between executive and employee compensation widen with each passing year.<\/p>\n<p>Several trends indicate a need for more focus on employee compensation. These include:<\/p>\n<ul>\n<li>A continuing shortage of qualified professional, technical and administrative employees.<\/li>\n<li>A growing need for employees who are multi-skilled and adaptable to change.<\/li>\n<li>A decreasing level of long-term commitment by employees<\/li>\n<li>An increasing need for balance between work and other facets of life.<\/li>\n<\/ul>\n<p>Base salary, traditional benefits like health, welfare and retirement, and perhaps a profit-sharing plan are the basic compensation package that has been offered by many companies.<\/p>\n<p>Following are examples of programs that tie directly to employee\u2019s performance.<\/p>\n<ul>\n<li>Time off Surprise: Give Supervisors a bank of days and\/or afternoons off that they can reward to staff on the spot for meritorious service.<\/li>\n<li>Behind-The-Scenes: Recognize employees yearly or periodically who are not usually in the limelight. An alternative, involves recognizing employees who take risks.<\/li>\n<li>Cash for Ideas: Periodically ask employees to record ways the company could save money. Pay a nominal amount per idea. If the idea is implemented, pay an additional 10% of the savings. The Poster Ideas program involves hanging poster board at key locations within the company. Written at the top of each board is a problem that needs solving.<\/li>\n<li>Travel Expense Gain sharing: Create a program for employees who save on travel . Allow them to keep half the cost difference between their choice of hotel or transportation and the company\u2019s standard.<\/li>\n<\/ul>\n<h3>Test your skills by taking our Performance Appraisal practice tests on this <a href=\"http:\/\/www.vskills.in\/practice\/quiz\/Performance-Appraisal\">link<\/a><\/h3>\n<div id=\"section-2\">\n<div class=\"apply\">\n<h3>Apply for Performance Appraisal Certification Now!!<\/h3>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/Certified-Performance-Appraisal-Manager\">http:\/\/www.vskills.in\/certification\/Certified-Performance-Appraisal-Manager<\/a><\/p>\n<\/div>\n<\/div>\n\n\n<p><a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/certified-performance-appraisal-manager\/\" target=\"_blank\" rel=\"noreferrer noopener\">Go back to Tutorial<\/a>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <a href=\"https:\/\/www.vskills.in\/certification\/human-resources\/certified-performance-appraisal-manager\" target=\"_blank\" rel=\"noreferrer noopener\">Go to Home Page<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Certify and Increase Opportunity. Be Govt. Certified Performance Appraisal Manager Methods of compensation Executive compensation is hot but the non-executive workers feel ignored and frustrated as they see the gap between executive and employee compensation widen with each passing year. Several trends indicate a need for more focus on employee compensation. These include: A continuing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[82],"tags":[4180],"class_list":["post-26325","page","type-page","status-publish","hentry","category-performance-appraisal","tag-methods-of-compensation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Performance Appraisal Tutorial | Methods of compensation<\/title>\n<meta name=\"description\" content=\"Executive compensation is hot but the non-executive workers feel ignored and frustrated as they see the gap between executive and employee compensation...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/methods-of-compensation-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Performance Appraisal Tutorial | Methods of compensation\" \/>\n<meta property=\"og:description\" content=\"Executive compensation is hot but the non-executive workers feel ignored and frustrated as they see the gap between executive and employee compensation...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vskills.in\/certification\/tutorial\/methods-of-compensation-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Tutorial\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/vskills.in\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-12T08:48:39+00:00\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/methods-of-compensation-2\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/methods-of-compensation-2\/\",\"name\":\"Performance Appraisal Tutorial | Methods of compensation\",\"isPartOf\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#website\"},\"datePublished\":\"2013-05-20T07:34:18+00:00\",\"dateModified\":\"2024-04-12T08:48:39+00:00\",\"description\":\"Executive compensation is hot but the non-executive workers feel ignored and frustrated as they see the gap between executive and employee compensation...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/methods-of-compensation-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.vskills.in\/certification\/tutorial\/methods-of-compensation-2\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/methods-of-compensation-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Performance Appraisal Tutorial | Methods of compensation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#website\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\",\"name\":\"Tutorial\",\"description\":\"Vskills - A initiative in elearning and certification\",\"publisher\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.vskills.in\/certification\/tutorial\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#organization\",\"name\":\"Vskills\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg\",\"contentUrl\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg\",\"width\":73,\"height\":55,\"caption\":\"Vskills\"},\"image\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/vskills.in\/\",\"https:\/\/x.com\/vskills_in\",\"https:\/\/www.linkedin.com\/company-beta\/1371554\/\",\"https:\/\/www.youtube.com\/channel\/UCMWnscxPwRF_PqXo9B7q_Tw\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Performance Appraisal Tutorial | Methods of compensation","description":"Executive compensation is hot but the non-executive workers feel ignored and frustrated as they see the gap between executive and employee compensation...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.vskills.in\/certification\/tutorial\/methods-of-compensation-2\/","og_locale":"en_US","og_type":"article","og_title":"Performance Appraisal Tutorial | Methods of compensation","og_description":"Executive compensation is hot but the non-executive workers feel ignored and frustrated as they see the gap between executive and employee compensation...","og_url":"https:\/\/www.vskills.in\/certification\/tutorial\/methods-of-compensation-2\/","og_site_name":"Tutorial","article_publisher":"https:\/\/www.facebook.com\/vskills.in\/","article_modified_time":"2024-04-12T08:48:39+00:00","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/methods-of-compensation-2\/","url":"https:\/\/www.vskills.in\/certification\/tutorial\/methods-of-compensation-2\/","name":"Performance Appraisal Tutorial | Methods of compensation","isPartOf":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#website"},"datePublished":"2013-05-20T07:34:18+00:00","dateModified":"2024-04-12T08:48:39+00:00","description":"Executive compensation is hot but the non-executive workers feel ignored and frustrated as they see the gap between executive and employee compensation...","breadcrumb":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/methods-of-compensation-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.vskills.in\/certification\/tutorial\/methods-of-compensation-2\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/methods-of-compensation-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.vskills.in\/certification\/tutorial\/"},{"@type":"ListItem","position":2,"name":"Performance Appraisal Tutorial | Methods of compensation"}]},{"@type":"WebSite","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#website","url":"https:\/\/www.vskills.in\/certification\/tutorial\/","name":"Tutorial","description":"Vskills - A initiative in elearning and certification","publisher":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.vskills.in\/certification\/tutorial\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#organization","name":"Vskills","url":"https:\/\/www.vskills.in\/certification\/tutorial\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/","url":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg","contentUrl":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg","width":73,"height":55,"caption":"Vskills"},"image":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/vskills.in\/","https:\/\/x.com\/vskills_in","https:\/\/www.linkedin.com\/company-beta\/1371554\/","https:\/\/www.youtube.com\/channel\/UCMWnscxPwRF_PqXo9B7q_Tw"]}]}},"_links":{"self":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages\/26325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/comments?post=26325"}],"version-history":[{"count":5,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages\/26325\/revisions"}],"predecessor-version":[{"id":80487,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages\/26325\/revisions\/80487"}],"wp:attachment":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/media?parent=26325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/categories?post=26325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/tags?post=26325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}