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Astronology®: 2020 Compensation Budgeting Forecast Part 2: Incentives, Bonuses, and Variable Compensation

Astron Solutions

Aon (Hewitt Associates) [link]. The top five retention incentives for millennial employees are: additional bonuses or financial incentives (44 percent). Why incentive Plans Fail: They seek to change or control behavior. In the meantime, however, we’d love to hear your thoughts on incentive compensation!

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Best of the Force: In a True Talent Partnership, Value Creation Should Drive Incentive Design

Compensation Force

I'm convinced that the only way to create smart, sustainable incentive compensation plans is to tie them directly to value creation. This means that the money to pay earned incentive awards comes from performance improvements, improvements which generate financial results and are driven by the plan design itself.

AON 40
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Best of the Force: In a True Talent Partnership, Value Creation Should Drive Incentive Design

Compensation Force

I'm convinced that the only way to create smart, sustainable incentive compensation plans is to tie them directly to value creation. This means that the money to pay earned incentive awards comes from performance improvements, improvements which generate financial results and are driven by the plan design itself.

AON 40
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3 Important Trends from the Latest Global Employee Engagement Report

Kazoo

The Aon 2018 Global Employee Engagement Trends report was just published, and if you are an HR professional or company executive looking for fresh, fascinating insights on employee engagement, look no further. For an in-depth look at the employee engagement stats and trends discovered by Aon, view the full report here.

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Top 10 Employee Recognition Ideas For Small Businesses

Vantage Circle

From spot bonuses to annual vacation rewards, we'll explore various creative ideas designed to boost your team's morale, motivation, and productivity. Aon recommends allocating 0.25%-3% of your total HR budget. Spot Bonuses Spot bonuses recognize and appreciate employees' exceptional efforts right on the spot.

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Let’s Talk About the Trend Away From Base Pay Increases Towards Short Term Rewards

Something Different

Namely; the percent of annual payroll budgets dedicated to salary increases has shrunk from a high of 10% to a current level of 2.9%, and short-term incentives as a percent of payroll has skyrocketed from 3.9% (when Aon first started tracking the metric in 1988) to a record 12.7% last year. ^In So what does it all mean?

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Compensation Programs and the Great Resignation

Astron Solutions

Aon noted in one of their blog posts, “Communicating total rewards is important; employees can be tempted to leave their employer for very little increase in actual salary and sometimes what you find is that they don’t appreciate the wider picture of how much their benefits are truly worth.” Sounds good. But is that all?