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Variable Pay and Risk Management: Are Mitigation Measures Working?

HR Daily Advisor

“Wells Fargo employees secretly opened unauthorized accounts to hit sales targets and receive bonuses. Today’s actions should serve notice to the entire industry that financial incentive programs, if not monitored very carefully, carry serious risks that can have serious legal consequences.” million unauthorized transactions.

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What Is Evidence-Based HR? Examples, Benefits, and Decision-Making Steps

Analytics in HR

Its HR team employed tools and analytics to better understand the risk pertaining to their numerous incentive plans. Now for a case of how evidence-based HR principles could have saved one employer a great deal of money: The city of New York invested $75 million in incentive payments for teachers in 2007.

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The Best Employee Retention Articles and Resources from Across the Web

ForUsAll

employees are eligible for bonuses four times a year, with biannual salary reviews. More productive employee (42%). The current figure is similar to what Gallup measured in early 2007 before the recession. found that properties with highly engaged hourly associates exhibit these points: +11% More productivity. +16%

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6 Employee Rewards Ideas for Blue Collar Workers

Fond

Offering incentives will boost morale, performance, and retention. . Growth incentives are especially important if you’re looking to recruit young people. These incentives can be performance-based bonuses, raises, or formal rewards programs. Monetary incentives motivate workers, and they can come in many forms.

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UAW Strike 2023: What Happened and What Other Companies Can Learn From It

Terryberry

While the auto workers may have been fighting for specific conditions and benefits lost during the 2007-2008 financial crisis, there are still valuable lessons every company can take away from this experience. Auto manufacturers and suppliers dramatically curtailed production.

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Understanding the Gender Pay Gap: The Importance of Gender Pay Equity

UKG

This wage gap is an improvement compared to the 62 cents for every $1 full-time working women earned in 1979 compared to men, but it is still a vast and unfair gap in labor compensation that needs to be closed. In 2007, she sued her employer, Goodyear Tire and Rubber, sparking the case Ledbetter v. Ledbetter v.