Remove 2001 Remove Bonuses and Incentives Remove Meeting Remove Performance Management
article thumbnail

5 Elements of a Healthy Performance Review Process

Achievers

This was popularized by Jack Welch, former CEO and Chairman of General Electric (1980-2001). As with many common business practices, the millennial generation is challenging the way performance reviews work. Performance-Based Incentives.

article thumbnail

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. First, benefits go to all, regardless of performance.

article thumbnail

Do You Know How to Attract Star Employees?

Compensation Cafe

How are you coming off in those interview meetings -- sales-y or like a potential team member? With certain job levels, the link between incentives and the company's mission would be quite valuable, too. This marks the first time a majority has said this since Gallup began tracking the question in 2001. What's more, 51% of U.S.