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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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Where Have All the Raises Gone?

Compensation Cafe

Last month The New York Times ran an article bemoaning the loss of pay raises in favor of one-time bonuses and non-monetary rewards. percent in 2001, from a high of 10 percent in 1981. Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation.

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The Great Executive Pay Debate

Astron Solutions

Can you imagine the frustration of the employees who haven’t received a substantial wage increase, while their executive counterpart continuously receives such increases and / or large bonuses? It is speculated that the new adjustments may try to “modify the metrics used to determine compensation to achieve a more immediate impact.”.