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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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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.

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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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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.