The restaurant business can be fragile. Success depends on word-of-mouth from customers and reviews. If the food is good, prices reasonable, and ambiance inviting, you might have lots of customers but ...

For all the talk about creating better incentive plans for employees, many proposed ideas are still off the mark. One reason is that managers tend to ignore insights from academic research, while ...

I've worked for my company for four and a half years. Every year I've had a Very Good or Excellent performance appraisal. However, I just got put on a Performance Improvement Plan. I was completely ...

Strategic management deals with the long-term goals of a business rather than the day-to-day operations. These plans often make projections that extend three to five years out. In addition to creating ...

Last month, guest columnist Ken Hedlund of Somerset CPAs contributed the first in a two-part series on the topic of compensation plans and how to structure them to incentivize your employees. (To ...

well-crafted performance plan informs employees of the criteria that will be used to evaluate their performance several months into the future. Every employee's performance plan should align with unit ...

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A Performance Improvement Plan (PIP) is a tool designed to give an employee with performance deficiencies the opportunity to succeed. It may be used to address issues with meeting specific job goals ...

A Performance Improvement Plan (“PIP”) is a long-standing HR tool for managing underperforming employees. Employers often use a PIP to document deficiencies and outline specific goals the ...