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To give, or not to give? Navigating the 2023 merit pay dilemma.

Bob

Others are battening down and seeing where they can cut corners and increase efficiency and productivity without sacrificing their hard-won talent. . On the other hand, strategic compensation incentives are crucial for retaining the key talent you’ve fought so hard to find over the last few years. To put it simply: It’s complicated.

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8 Tried & Tested Employee Retention Strategies in the Insurance Sector [2024 Edition]

Empuls

Elevated voluntary turnover can lead to heightened expenses, diminished productivity, and a loss of valuable talent. This includes not only base salaries but also benefits such as health insurance, retirement plans, and performance-based incentives.  However, there's no need to worry. 

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A Word to the Wise, Once Again!

Compensation Cafe

Have a look at what the outside world says about our work -- at a minimum, you're bound to learn some things about Glassdoor that will come in handy: " Where Did Your Pay Raise Go? With Aon Hewitt' s assistance, The New York Times has laid it on the line. With Aon Hewitt' s assistance, The New York Times has laid it on the line.

AON 40
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IN MEMORIUM: FAREWELL ANNUAL RAISE

Compensation Cafe

An article was published last week with data from Aon Hewitt and Towers Watson that showed the annual pay raise is essentially dead (and in Towers Watson’s case, bonus pools will also be underfunded). Increases in pay will come from incentive plans, if they are funded. Or, follow him on Twitter at @Performensation and @SayOnPay.

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How Just-In-Time Training Leads to Sales Growth

Rallyware for Human Resources

Of course, there is a wide range of incentives including bonuses, cash rewards, discounts on company products, and so on. JITT resources are concise, convenient, and aimed at helping workforce to achieve specific objectives. At least, not in the way people usually define this word. But that’s not all.

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6 Types of Bonuses and Perks for Employees

HR Digest

. Bonuses are a way to show appreciation of an employee’s effort or performing a task beyond and above the call of duty. Structured bonus programs reached record-high funding levels this year and are projected to do the same in 2020, says Ken Abosch, an employee rewards consulting leader at Aon, a global consulting firm.

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18 Benefits of HR Analytics For Your Business [With Examples]

Analytics in HR

Managing employee performance and productivity 4. With this data, you can spot weaknesses across the business and improve these to boost efficiency, productivity, retention rates, training effectiveness, and more—all of which will benefit your bottom line. Managing employee performance and productivity. HR analytics benefits 1.