Human Resources Best
Practices
Welcome to BABM Human
Resources Best Practices where you can read succinct
articles online. The articles will provide you with
valuable information that can be immediately implemented
to help take your business and personal success to the
next level.
A Win/Win Compensation Plan
By Eduardo Suarez-Solar
Published: October 2007
All companies, regardless of size, need
well-communicated compensation plans because they can be
strategic tools for recruiting, motivating, and
retaining employees. Organizations utilize these plans
to set hiring pay, determine base pay increases, provide
performance incentives, and justify compensation
decisions. A company with no compensation plan will be
at a competitive disadvantage because it will inevitably
pay employees too much or too little, thus causing an
enormous amount of issues.
By Eduardo Suarez-Solar
Published: September 2007
Research has shown
time-and-time again that good business ethics/practices
pay off financially and limit your legal liability. So,
how do you know that there is an ethical concern within
your organization and how do you promote doing the right
thing as thousands of decisions are being made everyday
concerning the running of your organization? You can
begin by truly examining the circumstances that led to
the ethical and moral violations that occurred at Enron,
Worldcom, and Tyco, as well as hundreds of organizations
in which such unethical behavior occurred, but which
never made national, regional or local headlines.
Whether you are the head of
a small, family-owned business or a large corporation,
finding the right employees is becoming more and more
challenging. Nowadays it’s not uncommon for several
businesses to compete for the services of skilled and
talented individuals in the same manner as they would
compete for a customer’s business. So, how can your
business set itself apart from your competitors and
attract high quality, “key” individuals?
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