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1% of Payroll: The Magic Number For Social Recognition Investment

WorkHuman

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. The data doesn’t look good. 1% of Payroll: The Magic Number for Social Recognition Investment Click To Tweet. RELATED POSTS.

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HR Budgeting: Meaning, Importance, and Process

Vantage Circle

The better you understand your organization, the easier it will be to allocate payroll resources effectively. Source - Glassdoor US Site Survey, 2016 ). The first step in planning an effective HR budget is gathering historical data and analyzing past performance. Further Read: 7 Staff Management Strategies That You Need.

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The Recognition Science Denier

WorkHuman

The data I shared with her from recent customer studies supported the idea that employee recognition is one of the most efficient levers in their total rewards strategy. This is the first in a series of blog posts to share more about our data journey with customers, and hopefully help you turn the Deniers into Believers.

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How to Give Your Employees a Raise Using the FLSA Overtime Rule Amendment

ConnecTeam

So let’s break it down to figure out exactly how you, as an employer, can stay compliant with the latest FLSA regulations, avoid overtime related lawsuits, keep your payroll cost-effective, while also giving your employees a raise your employees a raise. The latest one is the Final Ruling in May 2016 that took effect on December 1, 2016.

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Be on the Lookout for These Top 10 Workforce Trends in 2016

Asure Software

Take a look at the top workforce trends that are rising up in 2016. Benefit and salary packages should be generous with some unique bonuses involved to peak applicants’ interests. 2016 is the year where overtime costs will rise for some employers. Potential profits from this analysis will justify their payroll checks.

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The gender pay gap: How equal pay starts with hiring

Homebase

The average college-educated woman loses even more—nearly $800,000 (IWPR 2016). Companies should set salaries using objective measures like market salary and internal pay data to ensure employees are paid equally. However, the data is clear: no matter how you measure it, the gender pay gap exists.

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How to Choose the Right Employee Rewards and Recognition Platform

Empuls

The traditional concept of giving incentives and rewards to employees has now evolved to serve a multi-generational workforce. Actionable insights (Analytics) –   Automation features should allow companies to turn data from employee surveys into actionable insights.