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Variable Pay and Risk Management: Are Mitigation Measures Working?

HR Daily Advisor

Where did Wells Fargo wrong, and what can employers using variable pay learn from its experience? Wells Fargo employees secretly opened unauthorized accounts to hit sales targets and receive bonuses. Wells Fargo employees secretly opened unauthorized accounts to hit sales targets and receive bonuses.

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

Analytics in HR

Evidence-based practice has spread into many other disciplines, such as education and public policy, with HR joining in as well. Its HR team employed tools and analytics to better understand the risk pertaining to their numerous incentive plans. This resulted in more effective healthcare. Examples of evidence-based HR.

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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. Hootsuite’s brilliant Ryan Holmes describes his take on employee retention, and why it works so well. The current figure is similar to what Gallup measured in early 2007 before the recession. Quote: “Shutterfly Inc. Source: Deloitte.

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6 Employee Rewards Ideas for Blue Collar Workers

Fond

Offering incentives will boost morale, performance, and retention. . The tech revolution has created a massive demand for well-paid, highly skilled blue-collar workers. . Growth incentives are especially important if you’re looking to recruit young people. Today, the switch has flipped. Example: W.L. Tangible Rewards.

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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. As a result, the UAW continued to face challenges in fully restoring the pre-crisis levels of compensation and benefits.