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This is where PayCrew's owners share what they've learned in their combined fifty years of industry experience.
July 1, 2017
Performance has long been at the core of compensation management. The desire to pay more productive employees a greater wage is, in fact, a strong business strategy, but with the multi-faceted nature of jobs today, a simple measure of ‘performance’ is often very difficult to justify. More and more it is not just the effort put forth by the employee that makes them desirable, but also the amount of job based skills the employee possesses. Some of the potential outcomes of skill-based pay systems include a flexible workforce, lowered labor costs, and increased quality and productivity. Skill-based pay systems are based on the idea that employees will be proactive in obtaining new, job-related skills if they are compensated for such […]