HR Digest

APRIL 19, 2022

As the sector faces a quit rate approximately double that of the wider economy, and nearly 40% of restaurants claim they are understaffed, more restaurant chains are offering bonuses and perks in an effort to retain employees. These perks and incentives have ranged from increased compensation to same-day pay to vacation reimbursements.

Bonuses and Incentives

TalentCulture

DECEMBER 16, 2016

The fun kicks in courtesy of a group dynamic that promotes good-natured competition to achieve wellness goals, which aligns with another trend among employers: offering rewards or bonuses to employees who complete health and wellness objectives. Gamification.

Planning Tools

Compensation Today

NOVEMBER 28, 2016

More than a quarter of organizations surveyed give team incentive bonuses. Top-performing companies were those industry-leaders that exceeded revenue goals in 2015. 40% of top-performing companies* have transparent, open communication around salary, vs just 40% of all companies. Start the CBPR Survey !

Compensation

Keka HR Blog

DECEMBER 28, 2020

Bonus not processed: It happens when there is an incentive, bonus, or monetary addition to the salary for the month because a festival or because a team or employee did an exceptional performance. As per statutory laws, the Government of India mandates organisations to pay yearly bonuses to their employees.

Bonuses and Incentives

Compensation Today

JULY 28, 2015

Taylor, PHR, SHRM-CP, PayScale Senior Blogger Recently, I wrote about the sluggish state of the US economy and its impact on wages for the third quarter of 2015. Are employee bonuses the new compensation strategy? Will more employers offer bonuses? But, I neglected to mention one thing. They can also be creative.

Compensation

True Faith HR

FEBRUARY 17, 2011

An AP History teacher in 1995 will still be an AP History teacher in 2005, 2015, and 2025 (if they are still teaching). Kids score higher on the statewide test or on the ACT, the teacher is not going to be showered with incentives. A human resources professional can go from a specialist to a generalist to a VP of HR.

HR Planning

Empuls

DECEMBER 17, 2024

In today's competitive business world, implementing impactful employee incentive ideas is essential for boosting motivation, engagement, and retention. Thoughtful incentive ideas can go beyond standard rewards to spark enthusiasm, increase loyalty, and foster a stronger sense of team unity.  What is an employee incentive?

Bonuses and Incentives

Kazoo

FEBRUARY 5, 2018

As far back as 2015, Bersin and Associates found that companies are pouring over $1 billion into engagement programs each year — things like rewards and recognition, employee surveys, or anything else lumped into efforts aimed at improving engagement. Your employees’ choice of rewards should match their motivations.

Company

HR Daily Advisor

APRIL 26, 2017

The analysis found total pay for CEOs increased 6% in 2016, up from the 4% median increase in 2015. The analysis, based on 365 S&P 1500 companies with consistent CEOs that filed proxies disclosing 2016 pay by the end of March, found that CEO salaries increased 2% in 2016, following a 2% increase in 2015.

Bonuses and Incentives

Compensation Cafe

APRIL 18, 2016

Of particular interest, they compared the practices of average performing companies to top-performing companies, where the latter are defined as those who rank highly within their industry and exceeded revenue projections in 2015. Yet, the question of causal directionality is an important one, as addressed in a similar commentary elsewhere.

Bonuses and Incentives

Compensation Cafe

JULY 24, 2019

Editor's Note: Incentives are a tool. Incentives are not the cause of bad reinforcement programs, any more than forests should be blamed for the existence of warfare. Because incentives are powerful, they should be designed and implemented with great care. Jim Brennan expounds. It was a hell of a good place to write tickets.”.

Planning Tools

Vantage Circle

NOVEMBER 30, 2022

Extrinsic rewards are a type of incentive that motivates people by rewarding them with something tangible — such as praise, fame, or money — for achieving a specific goal. The incentives must be extraordinary in order to spur your team's competitive nature to finish a task that requires extra effort or has a short deadline.

Bonuses and Incentives

Compensation Today

NOVEMBER 30, 2015

They surveyed more than 1,000 US employers to highlight 2015 seasonal hiring trends, including: 82 percent of hiring managers were planning to hire seasonal workers for this holiday season Average expected pay or holiday employees is $15.37 While seasonal hiring remains steady for 2015, hourly wages are disappointing at best.

Hiring

HRWatchdog

MARCH 14, 2019

In March 2014, then-President Barack Obama directed the Secretary of Labor to begin creating new federal overtime rules, and by June 2015, the DOL announced their proposed rule. Wait, I Have a Feeling of D éj à Vu. Yes, you do. The proposed rule does not include: Changes to the job duties test; and.

Bonuses and Incentives

Zenefits

DECEMBER 4, 2018

Here’s something else that a lot of employees look forward to this time of year: holiday bonuses. Holiday bonuses can take a few different forms: An extra check given around the holidays. And if you give out holiday bonuses at all, then every employee should receive something. Other Types of Bonuses.

Bonuses and Incentives

AIHR

APRIL 19, 2018

A US consumer goods company recently learned that its incentive package is popular in core business and IT areas, but not among analytics talent; specifically, retention bonuses were less effective. In 2015, a mobile gaming company hired an ex-Wall Street quant to manage analytics recruiting. Unclear career tracks.

Analytics

Compensation Today

OCTOBER 19, 2015

Typical variable pay includes incentives, bonuses, commission, and profit-sharing. 6) TCC Definition: Total Cash Compensation (TCC) Why it matters: This is the combination of an employee’s base (fixed) pay vs. any variable pay they might receive including incentive payouts, commissions, bonuses, or cash profit sharing.

Payscale

General Information Services

NOVEMBER 21, 2018

Post-incident drug testing policies and safety incentive programs would only violate 29 C.F.R. Incentive programs may be used to promote workplace safety and health. OSHA’s new interpretation permits and encourages safety incentive programs for employees. Post-incident testing may not be used as a retaliatory measure.

Bonuses and Incentives

Precheck

JULY 11, 2017

Healthcare employers can offer student loan debt assistance as an incentive to attract young talent entering the field. SoFi , a student loan refinancing company, reported that in 2015 they saw a “300% increase over the past two years in employer adoption of student loan assistance benefits.”.

Recruitment

HR Daily Advisor

DECEMBER 24, 2014

Here’s some guidance for your 2015 program. If the managers and supervisors don’t treat the performance appraisal process as a sincere and important aspect of employee development, then the employees will not have incentive to work toward their stated goals. Loss of incentive. Where is the incentive?

Hiring Software

Empuls

MARCH 22, 2024

Blueboard's innovative platform offered personalized experiences and rewards, allowing employers to tailor incentives to individual preferences and interests. Blueboard raised a seed funding round in 2015 and Series A in 2020, according to Crunchbase. Blueboard achieved notable success during its operation.

Bonuses and Incentives

Compensation Cafe

SEPTEMBER 4, 2018

For example, it has been well known throughout history that cash prizes cannot inspire creativity and everyone knows that poorly designed or morally hazardous incentive systems can distract workers from proper performance: but solid pay is a vital first step. Money is not everything.

Compensation

HR Morning

AUGUST 24, 2016

in 2017, although those are smaller than the average increase executives received this year and in 2015. Performance incentives: Holding steady or declining. Exempt employees are projected to receive bonuses that average 11.6% Discretionary bonuses for exempt employees are projected to average 5.6%

Bonuses and Incentives

Namely

NOVEMBER 15, 2016

However, a 2015 Gallup survey revealed that almost 70% of millennial employees are not engaged in the workplace. Most companies tend to execute well on financially-based rewards, like bonuses. It's no secret: High-quality onboarding sets the tone for an employee's relationship with your company.

Bonuses and Incentives

Reviewsnap

JANUARY 6, 2015

Keep these things in mind when planning compensation for 2015. Here’s Your Bonus Typically a lump sum (year-end bonuses) are one tool that makes up total compensation. Year-end bonuses are more easily tailored to the specific job role compared to some other compensation rewards. The use of incentive compensation is changing.

Compensation

Compensation Cafe

DECEMBER 10, 2014

You may have already completed performance appraisal discussions, but performance should certainly be part of the discussion when 2014 increases and bonuses are covered with employees. Explaining consistently to all employees, how the budgets have been allocated for merit increases and bonuses.

Bonuses and Incentives

Synergita

FEBRUARY 12, 2020

A report in 2015 reveals that around 6% of Fortune 500 companies have moved away from the bell curve system. The top performers should be rewarded with incentives and bonuses to appreciate their outstanding performance. The bell curve is not the problem, but the methods of inputs are. Cherish the employees of your company.

Bonuses and Incentives

Spark Hire

JULY 5, 2016

A 2015 LinkedIn survey found that 50 percent of job seekers turn to their friends and colleagues first when looking for a job. Provide incentives. Offer bonuses for those who help recruit new employees or truly show company spirit. Small tokens of company unity can help bring about this cooperative mentality within your office.

Video Recruiting

SnackNation

MAY 13, 2016

40% of respondents to Glassdoor’s Q3 2015 employment confidence survey said that they value health insurance more than a pay raise. As we’ve demonstrated so far, the effectiveness of monetary incentives (particularly salaries) has its limits. However, that’s not to say that monetary incentives as a whole don’t work.

Bonuses and Incentives

Compensation Cafe

NOVEMBER 4, 2016

After corporate HR and consulting roles in most industries, he was Senior Associate of pay surveyor ERI before returning to consulting in 2015. That is the apparent conclusion from both my experience and my research. Organizations seem to find no value in the process of mentorship that warrants reinforcement.

Talent Experience

Zenefits

MAY 6, 2021

In addition to simple words of gratitude, here are a few incentives you can try: PTO: Instead of a bonus or raise, you can offer your employees additional paid time off without having to use their vacation or sick time. This post was originally published on October 30, 2015, and has since been updated. Username or Email Address.

Hiring Software

Compensation Cafe

JUNE 23, 2015

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. Aon Hewitt did not even start tracking short-term rewards and bonuses — known as variable compensation — until 1988, when they accounted for an average of 3.9 COLA for 2015 in the U.S.

AON

Compensation Today

MARCH 12, 2015

For example, merit-based, on-the-spot bonuses are an excellent way for employees to increase their compensation levels while earning the encouragement and recognition they deserve. When this happens, disappointment ensues. However, your employees may not know about these opportunities and how to shine in front of their management team.

HR Planning

6Q

APRIL 23, 2020

According to global research advisory Gartner, around half of all businesses today are using non-traditional monitoring techniques, up from 30% in 2015. Some businesses are using the old tried and tested methods of employee surveys, but a number of forward-thinking organisations are beginning to take alternative approaches.

Hiring Software

Culture University

APRIL 14, 2020

Finally, a November 2015 study “How Corporate Culture Affects the Bottom Line” by Duke University’s Fuqua School of Business adds weight to the point that corporate culture is an essential element of business success driving profitability, acquisition decisions, and even whether employees behave in ethical ways.

Hiring Software

HiBob

MAY 4, 2023

According to a survey by Gallup , in 2022, employee engagement reached its lowest level since 2015. To prevent this from happening, companies need to find ways to engage and motivate their people, including showing them that they are valued and providing incentives for them to stay and continue to contribute to the company’s success.

Talent Experience

HiBob

MAY 4, 2023

According to a survey by Gallup , in 2022, employee engagement reached its lowest level since 2015. To prevent this from happening, companies need to find ways to engage and motivate their people, including showing them that they are valued and providing incentives for them to stay and continue to contribute to the company’s success.

Talent Experience