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The Business Case for Employee Recognition and Rewards

Compensation Cafe

Latest in these reports is Mercer’s 2015/2016 US Compensation Planning Survey, which is well summarized in this SHRM report. Career-change opportunities within the company to keep employees on board while diversifying capabilities. in 2015), companies clearly need to do more to keep top performers interested.

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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. Your employees’ choice of rewards should match their motivations.

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What are Employee Rewards and Recognition?

Empuls

Organizations can reward employees for completing a project or reaching a milestone through awards, bonuses, gifts, vouchers, etc.  Employee  Employee rewards carry a financial element. Definition of employee recognition Employee recognition, on the other hand, is intangible gestures or expressions of appreciation.

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Maintaining the Focus: 7 Ways to Engage Long Term Employees

6Q

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. According to global research advisory Gartner, around half of all businesses today are using non-traditional monitoring techniques, up from 30% in 2015.

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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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Make Internal Hiring a Success by Avoiding These 5 Pitfalls

Linkedin Talent Blog

Role changes within organizations by way of promotion, transfer, or lateral movement have increased by 10% since 2015, LinkedIn data shows, and 73% of talent acquisition professionals say internal recruiting is increasingly important to their company. Departments make their problem employees someone else’s problem.

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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. This way, you can ensure competitive salaries to help retain your people.