Remove 2016 Remove Bonuses and Incentives Remove Industry Remove Staffing
article thumbnail

Industry Insights: Healthcare

Payactiv

Healthcare executives agree that the greatest challenge to hospitals and health systems in 2022 is the staffing shortage. hospitals reporting their data to HHS said they faced critical staffing shortages in early 2022. Between 2016 and 2021, the average hospital turned over a shocking 90.8% Hiring is a multi-layered process.

article thumbnail

Cafe Classic: Are You Watching the Store?

Compensation Cafe

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Workers gaining clout in salary discussions? Doesn’t look like it

HR Morning

In a recent study commissioned by Spherion Staffing , nearly one-fourth (26%) of workers said they’re at least somewhat likely to look for a new job in the next 12 months (up from 18% last year). Performance incentives: Holding steady or declining. Exempt employees are projected to receive bonuses that average 11.6%

article thumbnail

Which Job Perks Do Employees Value?

HR Digest

The nature of disruption in the industries we serve means that our people need expertise in the hot skills the marketplace is demanding, and they also need to be ready to deliver on the emerging technical solutions that are coming in the next 18-month cycle. Some perks may be low cost and easy to implement, while others may not.

article thumbnail

Are You Watching The Store?

Compensation Cafe

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.

article thumbnail

Cafe Classic: Compensation Practitioners Should Be Skeptical of Economic Forecasts

Compensation Cafe

In a recent post , my Café colleague Margaret O'Hanlon made a strong argument about understanding broader economic trends: "you have a shot at becoming a more trusted advisor if you understand what's shaping the economy shapes your company's financial and operational plans, which is shaping the company's staffing and reward plans, and so on."

article thumbnail

FLSA: The song (no longer) remains the same…

i4cp

The DOL will finalize and release final regulations in July 2016 with a 60-day grace period allowing employers to comply. The DOL has stated that it “is not considering expanding the salary level test calculation to include discretionary bonuses.” hospitals, schools, government agencies, etc.).