Remove 2015 Remove Bonuses and Incentives Remove Compensation Remove Employee Recognition
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The Business Case for Employee Recognition and Rewards

Compensation Cafe

Why do we compensate employees? But compensation professionals (and readers of this blog) know the pay cheque is but one part of a very complex agreement between employer and employee to maximize a mutually beneficial relationship. in 2015), companies clearly need to do more to keep top performers interested.

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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. COLA for 2015 in the U.S. percent of payrolls.

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6 ways Bob helps retain top talent during uncertain times

Bob

Employee morale can plummet as people fear for their jobs, which has a knock-on effect on employee engagement, productivity, and retention. According to a survey by Gallup , in 2022, employee engagement reached its lowest level since 2015. Compensation Benchmarking Powered by Mercer 2.

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6 ways Bob helps retain top talent during uncertain times

Bob

Employee morale can plummet as people fear for their jobs, which has a knock-on effect on employee engagement, productivity, and retention. According to a survey by Gallup , in 2022, employee engagement reached its lowest level since 2015. Compensation Benchmarking Powered by Mercer 2.

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Chasing Best Practices

Compensation Cafe

Research from the firm PayScale may help to answer at least some of those questions, with their annual analysis of compensation trends and activity. It turns out that high performers are more likely to provide pay increases (90% compared to 84%), bonuses (81% compared to 74%), and are also likely to leverage more of a compensation mix.

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10 Best Employee Evaluation Software in 2023

Empuls

These solutions also assist in organizational planning by ensuring necessary skills and preparing for employee departures. Integration with compensation management software allows performance appraisal and reviews to directly impact compensation decisions. Here is our top 20 best employee evaluation software.

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Annual Performance Reviews Aren’t Dead, but They Do Need New Life

Capterra

The Society for Human Resource Management (SHRM) suspected they were on their last legs back in 2015 before a number of sources officially called time of death earlier this year. According to research by CEB, now Gartner, when companies remove ratings from their annual reviews, employee performance drops by nearly 10%.