Remove 2014 Remove Bonuses and Incentives Remove Employee Recognition Remove Industry
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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. Implementation Planning. What's the Point?

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When to Start Planning for Employee Rewards and Recognition Program

Empuls

Let’s begin by telling you when not to ‘start’ planning for your employee R&R program: When your employees are already disengaged When the office grapevine is buzzing with murmurs of discontent When the company is losing money! Research about different employee recognition platforms or providers.

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12 Strategies for Healthcare Employee Retention for Building a Stable and Satisfied Workforce

Empuls

Here are some facts sheding light on the problem of turnover in healthcare industry. Factors contributing to healthcare employee turnover: Burnout : The healthcare industry, especially frontline roles like nursing, often involves long hours, emotional stress, and physical demands, leading to burnout. was about 15.9%

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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. percent in 2014, the survey of 1,064 organizations found.

AON 40
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How to Build Employee Connection and 12 Ways to Build One

Vantage Circle

When employees feel their voices are heard and their input is valued, they are more likely to be invested in the company's success. In 2014, Cisco launched its "Life at Cisco campaign , which encouraged employees to share their personal experiences and stories on the company's social media accounts.

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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. But we must not rely on raises as primary form of encouraging, motivating or engaging employees day-to-day. Day-to-day impact : The greatest challenge with bonuses are the delayed distribution.

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How Employee Perks Can Help Companies in the US

Vantage Circle

Employee perks are the enticing extras employers offer their staff, going beyond the regular paycheck to make the workplace more inviting and fulfilling. These incentives span a wide array, from health benefits and retirement plans to flexible work arrangements, financial bonuses, and professional development opportunities.