Which of the following factors affects an employees compensation group of answer choices?

Uncertainty at the workplace negatively impacts everyone’s performance. It causes employees to spend more time staring at a blank screen than doing actual work.

But you can’t really blame them, can you? How can they uphold accountability when they don’t even know what they’re accountable for?

At the same time, you also need to have empathy for executives. Especially when they’re leading massive teams. 

Without the right tools, it’s a herculean task for them to assign responsibilities and deadlines to everyone under their wing. 

However, there’s a way to navigate this impasse. With a project management tool (like SmartTask), leaders can assign tasks and due dates to the right people – all in just a few clicks.

3. No Goals Defined and No Tracking Against the Goal Set

We all know what shooting in the dark can feel like. It’s just endless turmoil that’d undoubtedly get you to say…

But it doesn’t have to be that way. There’s a way to ensure that your employees aren’t 6.2x more likely to quit. (source)

It may sound like something right out of a fortune cookie but there’s endless research to support that it works. 

Set. Some. Goals.  

Think about it yourself. What’s more likely to get your team to drive more revenue? 

A. Doing nothing and hoping for the best.

B. Simply asking them to help you make more money.

C. Setting a concrete goal for them to increase revenue by 40%. 

B is certainly better than A but we know you know the best thing to do is C.

However, setting goals gets you halfway there. To really push the boundaries on employee performance (in healthy ways, of course), you also need to make room for tracking the goals you set. 

In 2023, that means using a tool that helps you do so. At SmartTask, we’re lucky to have our very own Portfolio View for that.

4. Workload Imbalance

Sustaining an imbalanced workload may feel glorious when you're doing it. But the day after will be a dread fest you'd give anything to avoid.

What top performers do instead is that they deliver consistent output for a long (like really long) period and let compounding take care of the rest. 

SmartTask recommends that approach as well. 

That's why we have a workload view in the first place, where you can quickly identify which of your team members is overworked. Next, you can redistribute tasks to implement an even workload for everyone.

Easy enough, right?

5. Role-Ability Fit

69% (source) of employees think they're not channeling their full potential at work.

But so would Usain Bolt if he gave up being an athlete to become a chess grandmaster. 

The point? It's not always a lack of hard work or skill that keeps employees from killing it at their jobs. Sometimes, they're not given the right roles. 

Seems like there should be an easy fix for this, right? Here’s what it is:-

1. Know what the strengths of your team members are.
2. Pair them with roles that help them play to their strengths. 

And voila!

6. Lack of Transparency 

Let's think about two alternate scenarios.

1. Jack works for company A. He's assigned tasks and is expected to complete them within deadlines. If he asks executives about their big-picture plans, they condemn Jack and tell him to quit snooping around. He's asked to strictly focus on his responsibilities and keep his nose away from everything else. 
2. Jack works for company B. He's expected to deliver on his individual responsibilities. However, he's also kept in the loop about the company's long-term plans. Executives love exchanging ideas with him and always value his input. They never deter him from asking questions. 

Where do you think Jack will work harder? In company A, where he's treated like a mere cog in the machinery? Or company B, where he's extended transparency and respect? 

The answer's pretty straightforward. But the fact that employees perform better in transparent workplaces begs another question. 

How can employers foster transparency, especially in a world where remote and hybrid working are becoming the norm? 

Well, not to anyone's surprise, adopting the right tech is the solution here. What does that look like? 

Well, something like the dashboard below:-

But that’s just one of the ways in which having a single source of truth gives employees equitable access to information. There’s a lot more for you to discover.

7. Uninspiring Leadership

Great leaders are really a godsend. For most employees, they’re the deterrent to Monday blues and a source for:-

• Clarity
• Inclusion
• Purpose
• Trust
• Learning

So, no wonder 65% of employees would take a better manager over a pay raise. (source)

But what effect do the opposite kind of leaders bring? Not too hard to put two and two together here, right? 

They keep even the most hard-working Joes from moving the needle the best they can. Simply put, bad leaders are productivity vampires. Dispose of them at the earliest.

8. Culture Fit 

We've already talked about how employees perform better in roles that allow them to play to their strengths. But there's another factor that impacts employee success. Arguably, its influence is even stronger than role-ability fit. 

That's culture. In fact, culture-fit is so powerful that companies stand to grow their revenue by 400% (source) by optimizing for it. 

No wonder hiring managers are now okay with moving past skilled employees if they don't share the company's cultural values. 

The takeaway here? Build a culture that you're proud of. Then, hire people who share in your pride.

Parting Wisdom

Want to know another factor influencing employee performance... something that's seldom addressed?

The current business landscape, fueled by hypergrowth, is a gunfight. You won't win here if you keep using knives. Optimizing for the 8 factors we've discussed above does make a difference but the difference flatlines after a point. 

The truth is that there's only so much you can optimize for without kickass task management software. 

Thankfully, we live in a world where SmartTask can be the unfair advantage you need…And it’s free forever.

Which of the following factors affect an employee compensation?

Which of the following is an internal factor that can influence the rates at which employees are paid?

Which of the following is an external factor that can influence the rates at which employees are paid?

Which of the following is a type of direct compensation quizlet?