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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). As with many common business practices, the millennial generation is challenging the way performance reviews work. Performance-Based Incentives.

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

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Do You Know How to Attract Star Employees?

Compensation Cafe

With certain job levels, the link between incentives and the company's mission would be quite valuable, too. After all, that's the context of your pay-for-performance philosophy, isn't it? 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.

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360 Degree Feedback: A Comprehensive Guide

Analytics in HR

While the 360-degree feedback system has been used mostly for leaders and managers, it’s becoming increasingly popular for all employee groups as companies move away from traditional top-down, single-source feedback and performance management. This leads to better performance and higher productivity.