Remove 2015 Remove Bonuses and Incentives Remove Definition Remove Employee Recognition
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What are Employee Rewards and Recognition?

Empuls

Rewards and Recognition (R&R) are positive feedback systems in a workplace that acknowledge and appreciate the efforts and contributions of employees in a just and timely manner. Definition of employee rewards Employee rewards are tangible or formal ways of applauding employees. million USD.

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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.

AON 40
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Chasing Best Practices

Compensation Cafe

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.