What Is a Benefit Period?

Benefits are indirect compensation for employees. These generally include health insurance, paid holidays, holiday gifts or retirement benefits. These rewards are awarded to individual employees or employee groups as part of the benefits of corporate members.

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How to motivate employees is an important means of motivation in modern enterprise management, which is nothing more than two kinds-spiritual motivation and material motivation. However, the specific forms are various, such as target management employee participation in decision-making, salary system and welfare system, etc. The salary management system is one of the most important incentive measures, including salary benefits and bonuses. The scientific salary management system can reflect the contribution and value of each employee in the company's enterprise, so that each employee feels gains and gains, and his work is recognized, thus motivating them to work harder. Specific practices include:
I. Company salary methods II. Employee treatment methods III. Salary confidentiality management methods IV. Staff salary and promotion details V. Mobile salary increase methods VI. Job management system VII. Functional work management system VIII. Bonus incentive management system

Bonus is the most common and important method for modern employees to motivate employees. Bonus incentive is essentially a material incentive, which has advantages and disadvantages. The participation of employees in company management is a spiritual incentive measure. How to make bonus incentives more scientific and how to make employees more active and creative by participating in corporate management and make greater contributions to the company is the purpose of modern company incentive incentive management systems. Modern enterprise bonus incentive management system mainly includes the following aspects:
I. Company reward system II. Employee attendance bonus method III. Full attendance bonus payment method IV. Employee year-end bonus payment method V. Employee benefits payment method VI. Year-end bonus payment accounting rules VII. Calculation and distribution of liability bonus Interim Measures VIII. Measures for the Issuance of Operational Performance Bonuses IX. Measures for the Issuance of Efficiency Bonuses X. Measures for the Payment of Performance Awards 10. Requirement for Employees to Participate in Company Management