Practices

Human Resource Information System (HRIS)

Posted by on Aug 31, 2013 in Practices | 0 comments

HRIS stands for Human Resource Information System.  A good HRIS program will allow you to store all information about each employee, and to retrieve and manipulate the information to meet your needs.   A cost-effective, but time-consuming, way to do this is through a data base program that exports data to a spreadsheet.  To ensure compliance with privacy legislation, any such system should be maintained on a secure computer or server. Commercially-available HRIS programs have reporting functions built in.  Users of ADP or Ceridian payroll processing services might consider their HR...

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Compensation

Posted by on Aug 31, 2013 in Practices | 0 comments

Compensation includes base pay (regular pay/salary), variable pay (commission/bonus) and other compensation such as stock options, company vehicles, etc.  The best way to determine if pay practices are competitive is through surveys.    The most cost-effective way to survey is to call competitors and other businesses in the area, to find out how they compensate employees in similar positions.  This is the least scientific, and success depends on the other companies’ willingness to share information.  Competitors’ willingness to share information may be improved by using a third...

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