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Bonuses Remain the Top Priority for Raising Compensation

Compensation Today

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.

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Redefine Rewards and Recognition at Your Company

Kazoo

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. To request a demo, visit info.kazoohr.com/demo-request.

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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

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.

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How to Grow Part 2: Compensation Motivation

Reviewsnap

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.

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5 Simple Ways to Drastically Improve Your Employer Brand

Compensation Today

In short, today’s best talent now has an abundance of options, and while bigger salaries and bonuses, more flexible work, and free catered lunches are obvious ways to attract candidates, they’re not always the most practical, at least not from a budgetary perspective. GET A DEMO. Click To Tweet. Respect those that do not make the cut.

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10 Best Employee Evaluation Software in 2023

Empuls

The platform offers the capability to provide small monetary bonuses as a token of appreciation. Starting from February 2015, Workfront adopted Motivosity, a social recognition platform that is widely used by employees both inside and outside the company's Utah headquarters. Case studies : Workfront.