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.

article thumbnail

Industry Insights: Healthcare

Payactiv

This page is set up to give you the latest information on what’s happening in the hiring market right now, as well as the trends healthcare businesses, are facing when it comes to hiring. Between 2016 and 2021, the average hospital turned over a shocking 90.8% Average weekly wages are up by 10.8% from the pre-pandemic levels.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Creating a Culture of Well-being: The Key to Organizational Wellness

Terryberry

Businesses that prioritize the well being of their employees experience improved productivity, higher engagement, and a boost in profits. Ultimately, investing in organizational wellness results in a thriving work environment where employees are inspired to do their best. for every dollar spent on wellness programs.

article thumbnail

Cafe Classic: Excessively Successful Incentives

Compensation Cafe

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.

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

Which Job Perks Do Employees Value?

HR Digest

In a remarkable interview with The HR Digest, Capgemini North America’s Head of Talent, Kate Savage, discusses the value of promoting employee well-being through innovative and cost-effective initiatives. Such benefits can be an excellent way to retain top talent, and attract the cream of the crop.

article thumbnail

The Real Cost of Mismanaged Incentives: Wells Fargo

Compensation Cafe

Well, so much for the warm-hearted caffeinated, pick-me-up from the Comp Café. Today is a steaming jolt of quadruple espresso in response to the Wells Fargo incentive pay mess. I answered that if I had been asked a few weeks ago, Wells Fargo would have been on the list. I guess it’s hard to know what you don't know.