Remove 2018 Remove Bonuses and Incentives Remove Metrics Remove Retention and Turnover
article thumbnail

Why Every Organisation Needs a Solid Compensation Strategy

6Q

A compensation strategy typically includes the following: Basic pay: This refers to the initial salary without the benefits, bonuses or raises. Bonuses: Employees are rewarded with bonuses for meeting their quotas and performing their job duties well. Is it for attracting top candidates or decreasing employee turnover rates?

article thumbnail

Why Every Organisation Needs a Solid Compensation Strategy

6Q

A compensation strategy typically includes the following: Basic pay: This refers to the initial salary without the benefits, bonuses or raises. Bonuses: Employees are rewarded with bonuses for meeting their quotas and performing their job duties well. Is it for attracting top candidates or decreasing employee turnover rates?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Best Employee Retention Articles and Resources from Across the Web

ForUsAll

High turnover to contend with? Revitalizing your employee retention can be a daunting undertaking, but we’re here to help. Here are all the employee retention articles and resources you’ll need to get informed, get inspired, and get going. General Employee Retention Articles. General Employee Retention Articles.

article thumbnail

10 People Sustainability Strategies for Your Business

Vantage Circle

Improved Employee Engagement and Retention When employees feel that their well-being and development are prioritized, they are more likely to be engaged and committed towards their work. This can lead to lower turnover rates, higher productivity, and better business outcomes. It is often measured on certain ESG metrics.

article thumbnail

Employees on the Brink: What’s their breaking Point? - Sapling Blog

Sapling

About half of today’s employees will hit their breaking point in 2018,” states Dave Wright, ServiceNow’s Chief Strategy Officer. In fact, 46% said they will need greater workplace efficiencies in 2018 just to get their jobs done.”What He adds, “Employees feel like they are burning the candle at both ends.

article thumbnail

BLR’s 2017–2018 Pay Budget and Variable Pay Survey

HR Daily Advisor

What level of pay raise is your organization projecting for 2018? 2017 Bonuses. last year) paid bonuses to their exempt employees in 2017, with 18.4% (up from 15.7% last year) of those surveyed awarded bonuses to their hourly workers, with 21.6% last year) paid bonuses in addition to salary increases, and 21% (24.5%

Survey 43
article thumbnail

How to Choose the Best Employee Recognition Program for Your Company

Bonusly

You need to improve retention. Plus, a study conducted by Deloitte shows that “high-recognition companies have 31% lower voluntary turnover than companies with poor recognition cultures.” Customers could use our platform to give bonuses with or without real-world monetary value. What are its mobile app ratings?