Why companies pay employee referral bonuses

Till some time ago, an employee referral program was just another feel good scheme from the HR function which ran more on paper than in actual life. However as companies started adopting innovating means to hire much needed talent,they have begun to to focus on and strengthen their social employee referral program for greater effectiveness. High success rate of using employees as recruiters, in terms of faster hiring, better quality of candidates and lower recruitment costs, stand testimony to its efficacy.

Employers have nowwoken up to the enormous untapped potential of personal networks and the hiring success that they can potentially produce if utilized effectively. Typically employees average around 150 contacts on social media networks, which translate into approximately 15000 potential candidates for an organization, with employee strength of around 100. Businesses are increasingly focusing on social media recruiting tools to tap this virtually untapped talent pool through innovative and rewarding employee referral programs.

Life Coach Salary What Can I Expect To Make

Any life coach annual income will vary according to the knowledge, experience and achievements of each and every individual person employed in this profession. Life coaching, just in the past 10 years, has become popular as a home based career. You are now likely asking how much money will I make as a life coach. Conditions like cost of living (COL) in your region,what the company can afford to pay, and your resume, will determine your annual wage. This typically salary will be around $35,000/year. $35,000 to $60,000 yearly would be a reasonably accurate range for a life coach’s salary. Just like anything in life, your life coach salary will be a reflection of how much time you put into your life coaching business and your degree of training, such as having a life coach certification.

With experience of between 10 to 20 years, a life coach can expect to make $75,000 to $95,000. But you can make over $100,000 with hard work and an ambition to build your life coach business. Achieving a life coach certification will permit you to command a higher salary as a life coach. Life coach salaries are initially low but opportunities for pay increases occur in parallel as your degree of training and experience increases.

Global Implementation of an Employee Program

Continued globalisation, people mobility, multi-generational workforce and a renewed focus on company culture have brought sweeping changes to business and have opened new frontiers of challenges for the Human Resource leaders. Globalisation & mobility of resources demand a need for policy homogeneity, so the employees have the same experience, no matter in which country office they are working in or moving to. There is a greater realisation amongst the HR community to have an evolved system that gives recognition a more structured, uniform and centralized approach whilst addressing the challenges posed by the developments.

As an HR manager, a few points to keep in mind while giving shape to a global recognition initiative are:

Employee Benefits Tuition Reimbursement For Higher Education

One of the greatest benefits employees can get from their employers is a tuition reimbursement; when an employer compensates the costs of a higher education for the employee. This will benefit both the employee as well as the employer.

The employee is the obvious beneficiary since they are getting their education paid for which is very pricey. Many businesses will only pay for a graduate-level degree. An average public state college costs $10,000 – $15,000 per year whereas an average private college or university can run up to $30,000 per year. With these costs, it takes a well established business to send their employees back to school. If an employee is fortunate enough to find a company that can offer this benefit, they must understand that it does not come without any cost to them. The courses will have to pertain to the curriculum of the company; if an employee decides to take courses out of the curriculum, they will most likely have to pay for it themselves. Also, as some companies will pay all the expenses, some will only pay for part of the total expenses. Many employers base the amount of payment to the grade point average (GPA) of the employee. It is typical that the required GPA is a minimum 3.5; for each point the employees GPA drops, the employer may decrease the compensation. Employees must also understand that they may have to pay for their education up front and the company will reimburse them upon completion. This may alter the choice of courses the employee decides to take at once.

Salary Advance – Instalments Money Assistance

This scheme is named as salary advance scheme because this scheme offers you the fast money in your financial emergency. And you do not need to wait for your next month salary to get rid off these problems. And you can take this fast cash as your advance salary. So, this is very clear that this scheme is offered only for the salaried class people so that they can manage their all expenses until they get their coming month salary. So, better the current job you have with a good decent income source, the chance for the approval and getting big amount money increases.

This salary advance loan scheme is a short term financial assistance in which the finances are offered at relatively lower rate of interest. If you apply online, you can get the cash you need wired to your account directly in less than 24 hours. Although you can go for offline mode also, but this will take time as compare to the online mode. Main advantage of this online submission of form is that no paper work is needed and free from the all types of documents management because all the information will be handled over internet.