Remove 2014 Remove Bonuses and Incentives Remove Talent Management Remove Wellness

Forget the Cash: 5 Thoughtful Ways to Reward Employees

Cornerstone On Demand

But as the season of giving approaches, smart HR pros realize the traditional end-of-year cash bonus — while of course accepted and much appreciated — also needs a reboot. One effective incentive could be something everyone wants: The gift of time.

One Way to Revive Tired Old Compensation

Compensation Cafe

Yes, some companies offered flex benefits but this situation included cash compensation as well. Then to keep things simple, we gave each one a pie chart with sections apportioned for each pay component and its percentage of the whole pie as well as the cost of each one. Employees then drew their own pie charts reconfigured to show components they wanted in the future as well as the percentages of each to the total package.

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Inquiring Minds Want to Know

Compensation Cafe

Hold compensation training sessions for all management at the new company to enable them to answer employee questions. Communicate individual pay packages in one-on-ones with the manager. For instance at Cisco, a high tech company in Silicon Valley, Compensation has a job title, salary, bonus/commission/stock (if applicable), benefits and intranet access ready for every employee in the acquired company on Day 1. You don’t want managers giving conflicting information.

“I know the perfect person…”

HR Times

Posted by Robin Erickson on October 21, 2014. Talent is universal. Certainly, financial and other incentives are important motivators. THE “PAY IT FORWARD” CONCEPT WORKS WELL. The average range for bonuses is $500 to $4,000, depending on the job. 3 Your company should define its own bonus structure based on its budget, culture, available resources, and hiring needs. Follow Robin on Twitter @RAEricksonPhD and visit her blog, Talent Magnetism.

New Year, Same Story: 2016 Forecast Is For Another Year of 3% Raises

TLNT: The Business of HR

According to the latest survey by Towers Watson , the global talent management consultant, “Pay raises for U.S. ” Yes, you read that right — next year’s salary hike is projected to be the same 3 percent increase employees received this year and in 2014.

Go Long with Your Candidate Experience, Kids

TalentCulture

However, imagine the go-long metaphor in the world of work and what it takes to be competitive with talent acquisition today. Many companies still can’t stomach throwing the long ball, especially when you add in a complex global talent market mired in employment law and regulatory mud.