article thumbnail

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. 2020 & Beyond. When it comes to short-term incentives….

article thumbnail

Gig Economy: A Cost-Cutting Measure or Adding Value to the Workforce?

HR Digest

Gig Economy Statistics 2020. One in three employers of 100,000 employees or more said they expected to use 30% or more contingent workers by 2020. Gig economy picked up pace after the recession of 2008 and 2009 when many people were laid off work and who had to be resourceful to find employment. Why is the Gig Economy growing?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. 2020 & Beyond. When it comes to short-term incentives….

article thumbnail

How to Create an Effective Compensation Philosophy

Analytics in HR

The Lilly Ledbetter Fair Pay Act of 2009 is a law enacted by Congress that strengthened worker protections against discrimination in pay. Pay mix: This consists of salary, short-term incentive (“STI”) compensation and long-term incentive (“LTI”) compensation. Components of a compensation philosophy.

article thumbnail

Astron Solutions’ COVID-19 Pulse Survey Results

Astron Solutions

Near the end of quarter 1 of 2020, many cities and states began “shelter in place” protocols due to the growing spread of COVID-19. The current pandemic has resulted in fluid, shifting decision making for both 2020 and 2021 compensation planning. Question 2: Short-term Incentive Plan. Hospitality (3.6%). Real Estate (3.6%).

article thumbnail

14 Companies with Great Employee Rewards and Recognition Programs

Empuls

Ranked 18th on the 2020 Forbes list of the World's Best Employers , tech giant Cisco recently gave its nearly 76,000 global employees a day off for mental health in May 2020, followed by another day off in August to 'unplug. Zappos (a subsidiary of Amazon).

article thumbnail

Health benefits in the workplace: A closer look

Business Management Daily

In research conducted for the Robert Half 2020 Salary Guides, most employers said they offer physical (63%), financial (65%) and mental (74%) wellness programs. In addition, the research found that 71% of companies plan to provide incentives such as bonuses, profit-sharing and spot awards in the year ahead. 2020 incentive plans.