article thumbnail

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.

article thumbnail

Top 7 Compensation Consulting Firms for Any Sector

Astron Solutions

Issues with retention are particularly common among growing organizations, and employee compensation is often the major perceived contributor to high turnover rates. Why Employee Compensation Strategies Matter. How Compensation Consulting Can Help. Compensation Advisory Partners – Best for Large Corporations.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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. Spanish flu). Updating disability benefits if they contract the virus.

article thumbnail

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. Spanish flu). Updating disability benefits if they contract the virus.

article thumbnail

Do You Know How to Attract Star Employees?

Compensation Cafe

Not only is the famous battle for talent waging outside your company's ramparts, but a large chunk of the people you want to recruit think career opportunities and inspiring business goals are higher priorities than compensation when choosing a new employer. Then segue to how this is demonstrated in total compensation offerings.

article thumbnail

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

Compensation Cafe

Part 1 of this series argued that employee compensation has become a stagnant field. Since the recession of 2001, business leaders have made cost control their primary goal for rewards. When benefits represent 30% of total employee rewards and performance incentives are about 1%, management claims of pay for performance are laughable.

article thumbnail

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. disappeared.