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Signing Bonuses: A Useful Talent Acquisition Tool in Today’s Labor Market?

Astron Solutions

A 2016 WorldatWork survey found that 76% of employers were using signing bonuses to attract key employees. Signing bonuses are described as “a lump sum of money that an employer provides to a prospective employee. It is the employer’s hope that the extra money will be an incentive for the prospect to accept the job offer.

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Stuff Changes

Compensation Cafe

This previously overlooked and historically underpaid guy was hired at a discount, but he has vastly outperformed the entire crop of supposed superstars we hired at premium rates at the same time for the same function. “Why was that promised raise challenged?” But I've always been rated outstanding."

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The Growing Trend of Gamification in HR

Engagedly

Most often, gamification is seen as customer-centric in loyalty apps, rewards programs, promotional opportunities, and, yes, even games. Immersive experiences can foster strong relationships between potential employees, new hires, and existing employees. The value of gamification as a tool to reduce turnove r is quite apparent.

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Why You Should Embrace the Employee Referral Program

Tandem HR

Instead of utilizing traditional hiring methods like classified ads or job boards, ask your employees for help. Encourage them to share job postings to their network and offer a bonus if their referral is hired. Thanks to platforms like Glassdoor, former employees and applicants get a place to express their opinion.

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Why Does Diversity, Equity, and Inclusion Matter in the Workplace?

Zenefits

Systemic racism, gender inequality, and prejudice against minority groups have been calcified in the workplace for far too long, but thanks to the Black Lives Matter movement and the push for representation, organizations are finally taking real steps to abolish inequality. Hire a diverse staff. Expand your hiring requirements.

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A Template for Organizational Cultural Change

Culture University

Not simply products delivered, systems installed, or services provided, but business results—needs met, problems solved, and goals achieved. Think of culture as the software that drives how an organization operates. So, make your numbers any way you can because highly bonused people get the promotions.”

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PayScale Tools for Today's Comp Pro! Compensation Glossary: Part 1 of 4

Compensation Today

Often included are details around how you define your talent market (who you compete with when hiring employees) and how competitive you plan to pay to the market (your target percentile). Organizations who prefer the less formal terminology may refer to these as guidelines. How and when will increases be determined?