Niko Stampfl

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5 Ways to Reward Your Employees Without a Raise

You know you need to reward outstanding employees, but is giving them a raise always the best way?<p>Your employees are your lifeblood. They are the workforce that creates new opportunities, overcomes unanticipated problems, and manages the day-to-day activities that allow your company to maintain a …

7 Ways to Reward Your Employees Without Breaking the Bank

Bonuses are nice, but it's not the only way to reward employees for their excellent work. Here's how to really "wow" those who have done so much for your startup.<p>A. Find Out What Motivates Them<p>It is very important to find out what motivates your employees. They may appreciate an extra vacation day, …

How to Talk to Your Employees About Compensation

Discussing pay can be uncomfortable. Here's how to make the conversation easier and more productive.<p>Talking with employees about their compensation can be difficult--the sentiment that you are summing up their entire value with a dollar figure can be hard to avoid. But you're hardly alone in your …

5 Tips for Developing a Winning Employee Incentive System

Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>There are incentives that go beyond compensation. The possibility of promotion or expanded responsibility can be a strong incentive. The desire for continued employment can also be a motivator. The hope for recognition drives some to …

Employee Engagement

Drive Sales Performance With This Powerful Compensation Model

It's no secret, your employees work for a living. Find out how to reward your employees when they deserve it.<p>As a startup, your sales department needs to be successful in acquiring customers, keeping customers, and eventually grow each account.<p>When building a sales compensation model, you need to …

We need to change the way employees are being compensated at startups

The old model of relatively low salary and "high" equity only works when there's a healthy public market for that equity in the not-too-distant future. If IPOs are getting significantly delayed and are potentially at risk of not happening at all, [1] we need to change how compensation is structured.<p>…

Employment

Employees are willing to take smaller paychecks if employers are open about compensation

Bad news for anyone who doesn’t feel they’re compensated fairly at their job: there’s a good chance you’re wrong.<p>As <i>Harvard Business Review</i> points …

Samsung ready to spend 100 billion won to compensate cancer-affected employees

It’s no secret conditions at factories are not always optimal, often even bringing health risks to the workers that make our beloved devices. Even the biggest Android manufacturer has been involved in issues like this one. You may have not heard of it much, as it was a 12-year old dispute that was …

How Much Do You Make? 3 Reasons Salary Transparency Can Be Good for Business

When former Google employee Erica Baker began publishing co-workers' salary information on an internal spreadsheet, it didn't go over well with management, according to news reports of her recent Twitter confession. But for many of the employees who submitted their salaries or used the spreadsheet …