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Compensation: What to Look for in 2021

CCI Consulting

Companies are becoming more innovative when it comes to hardship pay, one-time bonuses and discretionary awards. Reduced Salary Increases – The projected average expected salary increases for 2021 will be about 2.8%. This includes annual bonuses or incentives, quarterly bonuses, spot awards, project bonuses, and team awards.

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Wellness Programs Matter. Here’s How We Set Them Up for Success

Kazoo

So at the beginning of 2021, we wanted to do it again. We do that by offering Incentives for things that reinforce company values and goals, or healthy behaviors and exercise. Since COVID-19 hit, we added some new Incentives. Learn about Kazoo’s Incentives tool. It went so well! I think it’s obvious why!

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Performance Management During COVID

Affinity HR Group

One persistent challenge is effective performance management, including performance appraisals and disciplinary action. . Performance management suffers from distance, reduced face-to-face interactions, changing job duties, and increased absences. Time to look for alternatives.

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25 Ways to Celebrate the Holidays in Your Remote Workplace

Kazoo

2021 Workplace Inclusivity Calendar. That’s why the Kazoo Employee Experience Platform brings performance management and recognition and rewards — including Goals , Feedback , Conversations , Recognition , Incentives , and more — into one simple, easy-to-use platform. Ugly sweater contest. As a bonus, offer funny awards.

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Performance Reviews : A Manager’s Guide

Engagedly

But globally many companies have now ditched the annual / half-yearly reviews in favour of feedback-based continuous performance management. . Also Read: Why These 8 Top Companies Redefined Their Performance Management Systems. It also serves as the tool for discussion of salary appraisals, incentives, and promotions.

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How to Create a Compensation Strategy: A Complete Guide

Decusoft

As a compensation manager, your primary concern should be the alignment of pay and performance. The incentives for real performance and results are heavily weighted in executive pay. This Decusoft guide will show you how to design an effective compensation strategy for your organization to succeed in 2021.

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The great resignation is the great catalyst

Acendre

News about workers voluntarily leaving their jobs was ubiquitous in the last six months of 2021. They are looking for jobs that offer financial, social and professional development incentives and opportunities. Many of those who have cut ties to their employers during 2021 are not looking to establish new ones with another company.