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Sign-On and Retention Bonuses Reach All-Time High

Compensation Force

The use of sign-on and retention bonuses appears to be at an all-time high, according to a recently released WorldatWork survey on Bonus Programs and Practices. The research, which highlights the practices of 713 organizational participants, is the fifth iteration of a series that dates back to 2001. Retention Bonuses.

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5 Elements of a Healthy Performance Review Process

Achievers

This was popularized by Jack Welch, former CEO and Chairman of General Electric (1980-2001). Performance-Based Incentives. Make sure your performance reviews are connected to a tangible reward or incentive for each employee. To learn more, check out 6 Tips to Tackle Performance Reviews for Managers and Employees. . .

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Performance Appraisal & Rewards in Response to COVID-19

HR Digest

And the lessons from most recent events in the last 20 years like the relatively mild swine flu (H1N1) in 2009, the dot-com bubble of 2001, and the 2008-09 Great Recession, are nowhere near suitable to withstand the social and economic impacts of the COVID-19 pandemic. When it comes to short-term incentives…. Spanish flu).

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Shaping Performance & Rewards in Response to COVID-19

HR Digest

And the lessons from most recent events in the last 20 years like the relatively mild swine flu (H1N1) in 2009, the dot-com bubble of 2001, and the 2008-09 Great Recession, are nowhere near suitable to withstand the social and economic impacts of the COVID-19 pandemic. When it comes to short-term incentives…. Spanish flu).

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Eli Lilly CFO resigns over misconduct in workplace

HR Digest

Ashkenazi joined Eli Lilly in 2001. He’s additionally set to forfeit “all other current and future equity incentive awards” the company said. Anat Ashkenazi, previously senior vice president, controller and chief financial officer of Lilly Research Laboratories, has been named as his successor and will now be the next CFO.

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Part III - Where Should We Take Employee Rewards in the Future?

Compensation Cafe

Since the recession of 2001, business leaders have made cost control their primary goal for rewards. Organizations would be more effective and employees would be more engaged if at least half of benefits dollars were converted into cash, especially incentive opportunities. Employee incentives fit that bill. . Implications.

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Part I - Malaise in the Employee Rewards: What’s Going On?

Compensation Cafe

Sales compensation has always been a different beast: it has different buyers and economic cycles than employee rewards, and sales incentives constantly evolve to meet new business needs. For contrast, let’s remember what I consider to be the Golden Age for employee rewards: the late 1980s to about 2001.