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2021 Compensation Budgeting Forecast Part 2: Incentives, Bonuses, and Variable Compensation

Astron Solutions

Bonuses, which are generally tied to organizational and employee performance goals, are projected to average 11% of salary for exempt employees. Bonuses for nonexempt salaried and hourly employees will average around 6.8% Adjust long-term incentive mix. On the bonus front, 76% of companies planned on awarding a bonus in 2021.

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Industry Insights: Healthcare

Payactiv

According to the American Association of Colleges of Nursing, 80,407 qualified nursing school applicants were turned away in 2019 due to factors like inadequate faculty, clinical sites, classroom space, clinical preceptors, and budget. Offer a healthy mix of perks, like on-demand pay, flexible hours, and incentives.

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Optimizing Hiring and Retention Strategies for Healthcare Workers

Payactiv

According to the American Association of Colleges of Nursing, 80,407 qualified nursing school applicants were turned away in 2019 due to factors like inadequate faculty, clinical sites, classroom space, clinical preceptors, and budget. Offer a healthy mix of perks, like on-demand pay, flexible hours, and incentives.

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Get Your Office Involved: Holiday Giving + New Year Incentives

Kazoo

Whether you’re interested in holiday rewards for employees or simply want to encourage giving, we’ve put together a list of our favorite ideas for employees, teams, and managers as we head into 2019. Here at Kazoo, we’re able to earn points through Behavior Bonuses when we donate any item during the month of December.

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Get Your Office Involved: Holiday Giving + New Year Incentives

Kazoo

Whether you’re interested in holiday rewards for employees or simply want to encourage giving, we’ve put together a list of our favorite ideas for employees, teams, and managers as we head into 2019. Here at Kazoo, we’re able to earn points through Behavior Bonuses when we donate any item during the month of December.

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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.

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Astron’s Yearly Compensation Review Part II: Incentives, Bonuses, and Variable Compensation – Oh Boy!

Astron Solutions

As Astron’s clients begin their 2019 compensation program budgeting, we are often asked whether or not the practice of providing variable compensation will grow, shrink, or remain about the same as in 2018. SHRM’s study considered the findings in the WorldatWork 2018-2019 Salary Budget Survey ( www.worldatwork.org ). WorldatWork.