Give a Bonus of Heartfelt Appreciation This Year

RecognizeThis!

Even after a difficult year, giving employees the appreciation and recognition they deserve is an important bonus. I was captivated by the story of non-unionized employees willing to risk their livelihood to keep their CEO. I didn’t expect [a Christmas bonus] at all.

Promotions, Bonuses, Raises, Recognition - When They Work (and When They Don't)

Compensation Cafe

You can’t give all employees promotions, bonuses, or raises. Social recognition, however, can be applied to all. In perhaps a worst-case scenario, promotions are little more than title changes in which the employee’s job duties change little if at all with no pay increase.

Update: Employee Compensation at Wells Fargo

Compensation Cafe

Compensation Cafe has covered Wells Fargo's pay practices since 2009, when the Bank canceled prefunded employee recognition and rewards events in the midst of the Recession, blaming it on federal government restrictions on bank practices following the subprime mortgage crisis.

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. Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation.

The Dos and Don'ts of a Flexible Work Schedule

Bonusly

That’s why it’s so important to engage employees in ways that are meaningful and desirable. Earlier this year, QuickBooks ran a pay and benefits survey , asking 1,000 employees about their satisfaction and what benefits they’d prefer from their employer.