Compensation Cafe
JANUARY 15, 2021
A new business year brings with it both the end and the beginning of the company’s annual management incentive plan cycle. Perhaps instead of a rubber stamp now might be a good time to review the design, communication, administration and payment history of your annual management incentive plan and consider breathing some new life into it.
Payactiv
MARCH 22, 2022
Between 2016 and 2021, the average hospital turned over a shocking 90.8% The healthcare industry can offer a range of employee benefits to stay competitive—flexible hours and scheduling, increased pay, vaccination incentives, employee discounts and training, to name a few. Average weekly wages are up by 10.8% of its workforce.
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Affinity HR Group
DECEMBER 19, 2019
With 2019 over and at the dawn of a new decade, it’s an ideal time to think about bonuses for 2020. Over 60% of respondents in a 2016 World at Work survey reported using some type of bonus or variable pay program, as did 73% of respondents in a more recent 2019 Payscale survey. Discretionary Bonuses. Non-Discretionary Bonuses.
HR Bartender
MAY 22, 2016
Specifically, employers can include non-discretionary bonuses, incentive payments and commissions to satisfy up to 10 percent (10%) of the minimum weekly salary. The effective date of the new rules is December 1, 2016. The 2016 #FLSA Overtime Changes: Here’s What #HR Needs to Know Click To Tweet.
Compensation Cafe
AUGUST 3, 2021
Editor's Note: In this Classic cautionary tale, Jim Brennan (using the 2016 Wells Fargo incentive disaster as his beginning "case in point") reminds us of how easily even reward plans designed with the best intentions can misfire. The only thing worse than an incentive that doesn’t work is one that works all too well.
Compensation Cafe
DECEMBER 3, 2015
The pending start of a new business year brings with it both the end and the beginning of the company’s annual management incentive plan cycle. Because if left on autopilot too long it’s surprising how many extra names get added to the incentive-eligible rolls, adding significant cost without proper review.
HR Morning
AUGUST 24, 2016
Performance incentives: Holding steady or declining. The survey also found that annual performance bonuses, which are generally tied to company and employee performance goals, are projected to hold steady or decline slightly in 2017 for most employee groups. Exempt employees are projected to receive bonuses that average 11.6%
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