Compensation Cafe
OCTOBER 7, 2021
At many companies, there is still a widespread allowance for discretion in setting pay levels, variable compensation incentives, and equity compensation awards. Using Amazon as an example: In 2016 Amazon stock was around $1000/share. Consider creating a real Short-Term Incentive plan with measurable goals and related payout levels.
HR Daily Advisor
JANUARY 3, 2018
In most organizations, long-term incentives are gone. Take a look at your current incentives for staff. If it’s at the 13- to 18-month mark, the staff probably see little incentive to stay until the 24-month mark, if they’re convinced they’ll only get a 3% cost of living adjustment (which is NOT a raise!).
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Xoxoday
APRIL 3, 2024
Personalized eGifts: taking it a step further Targeted incentives: Unlike generic discounts, personalized eGifts cater to individual preferences and interests, making them more relevant and appealing to recipients. This emotional connection translates to increased brand advocacy and customer referrals.
WorkHuman
FEBRUARY 16, 2017
Finding 3 in the 2016 SHRM/Globoforce Employee Recognition Survey shows that the sweet spot for values-based rewards and recognition investment is 1% or more of payroll. Check out the e-books Annual Bonus, Annual Waste? It’s certainly not a perk you would feature on your careers page to job candidates.
Compensation Cafe
SEPTEMBER 29, 2016
Today is a steaming jolt of quadruple espresso in response to the Wells Fargo incentive pay mess. Let me start with the fact that I have been interviewed a few times about this story and even I was surprised by my response to the question, “What companies in the financial world are considered to have good incentive programs?”
Ask a Manager
FEBRUARY 14, 2018
In 2016, I took on a management position in a company I had been interning at for six months. Bonuses are generally used as a way to retain good employees. Because you’re leaving, they have no incentive to give you a bonus on your way out. I make a lot of purchases for our office, as well as help book travel for people.
Compensation Cafe
SEPTEMBER 13, 2016
A friend of mine likes to say: “It’s not that incentive pay doesn’t work well, it’s that it works TOO well. Like any well-designed incentive compensation plan, Wells Fargo’s started with a strong company culture and a simple goal that required special effort. But the newest information (released 9/12/2016 ) is the most frustrating.
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