What Are the Determining Factors for Employee Value?
The employers have a set of parameters to determine value of an employee. The parameters help the employers to measure the capability, performance and engagement of an employee. Some of the companies or employers only take a note on the performance and it was the only objective. The right skills, strategy, vision, skill sets, and alignment to the objective would help an employer to run a successful business with employees.
Factors to Decide Employee Value
There are multiple factors to decide the value of an employee.
Performance – Performance measurement is the easiest way to determine and track the ability of an employee. It has some standard metrics to check. That is why most of the companies do let this traditional method to go for checking the ability of an employee.
Engagement of an Employee – Apart from the performance measurement, the employees are also judged by their capabilities based on their engagement to the company. The more engaged employee is regarded as passionate to the work and assumed to perform better. Whereas, less engaged employees are regarded as less passionate about the work and perform poorly.
Experience and Education – The more educated and experienced an employee is, the higher the chance is to get a compensation when in trouble.
Industry – Workers with same work title but belonging from different industry can expect different wages. The primary reason is discrepancy. In a few cases their job would be tough for a particular industry or one industry could be bigger than another one.
Demand and Supply – Availability of the employees on a geographical location is equally important. You must be aware of the location when you are recruiting. If you live in an area where demand is more for a certain skillset, you will have to pay more.
Role of an Attorney
When you are performing well in the company, you are much appreciated. But an injury comes uninvitingly. It can change your life forever. You could be quite careful, but an accident can happen at the blink of an eye. You can get back injury while carrying or lifting heavy items, can fall or slip from stairs and injure yourself. Under the law for workers’ comp you will be compensated for your work-related injury.
The benefits are –
Benefits for partial or permanent disability
Temporary and partial disability
Wage profits or reimbursements
Medical benefits
Vocational rehabilitation
Contact Foshee and Yaffee for workers comp in OKC. We would help you to get your rights as an employee.
**Disclaimer: This content is not to be construed as legal advice nor does it establish terms of a client-attorney relationship.