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.

6 Types of Bonuses and Perks for Employees

HR Digest

. Bonuses are a way to show appreciation of an employee’s effort or performing a task beyond and above the call of duty. He says structured bonus programs are still very popular with organisations and on average companies are planning to budget 13 per cent of their payroll for bonus expenses.

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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. That doesn't mean, however, that incentive plans should necessarily be built entirely on financial performance metrics.

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. That doesn't mean, however, that incentive plans should necessarily be built entirely on financial performance metrics.

Compensation Cafe: Keeping Top Employees in an Era of Disappearing Raises

RecognizeThis!

” I shared research from Aon Hewitt showing straight salary increases are near all-time lows while short-term rewards and bonus budgets (variable comp) are at an all-time high. Bonus & Incentives Social Recognition compensation cafe merit increases raises

Are Annual Raises Dead? Only If You Don’t Want to Gain a Competitive Advantage

TLNT: The Business of HR

An article last week from CNBC , with data from Towers Watson and Aon Hewitt, showed that the annual pay raise is essentially dead (and in Towers Watson’s case, bonus pools will also be underfunded).

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A Word to the Wise, Once Again!

Compensation Cafe

It May Have Become a Bonus " We all know about this trend, we've helped to create it. With Aon Hewitt' s assistance, The New York Times has laid it on the line. Base Salaries Compensation Communication Compensation Philosophy Incentives/Bonuses

Where Have All the Raises Gone?

Compensation Cafe

Last month The New York Times ran an article bemoaning the loss of pay raises in favor of one-time bonuses and non-monetary rewards. Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation.

The Future Is Us!

Compensation Cafe

And as Dan pointed out yesterday, even the august duo of Towers Watson and Aon Hewitt are admitting to what the data has actually told us for a few years, ". let's not just stick those incentives on a flat base pay and call it total compensation.

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%

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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. Before you raise the number of gift cards and spot bonuses handed out, raise your expectations for what employee rewards and recognition can be at your company. For an in-depth look at the employee engagement stats and trends discovered by Aon, view the full report here.

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How Intrinsic Employee Motivation Will Help You Build Your Dream Team

Business2Community Leadership

Verbal recognition for a job well done goes a long way, in fact, the Aon 2018 Trends in Global Employee Engagement survey measured responses from over 1,000 companies worldwide and found employee recognition for contributions to be the “the strongest driver of engagement.” Raises + bonuses.

Is Your Company Following its Compensation Philosophy?

Workday

A WorldatWork study sponsored by Aon Hewitt found that while 92 percent of companies surveyed have a formal compensation philosophy, only 63 percent have it in writing. With an articulated philosophy as a starting point, a company can map out a strategy for compensating workers—below, at, or above market rate—and the components of compensation, such as salary, bonus, and stock. Does your company do a good job of following and communicating its philosophy around compensation?

Merit Pay Raises: Why They're More Popular and How to Get One

45 Things

According to an Aon Hewitt survey of 1,062 companies, an average of 12.5% of payroll is targeted for incentive and bonus pay in 2018. Further, some companies are going to raise the bar for high performance, with 15% of organizations say they will set higher targets for bonuses and incentive pay. If you're counting on a pay raise for next year, you might be in for an unpleasant surprise.

How Just-In-Time Training Leads to Sales Growth

Rallyware for Human Resources

Of course, there is a wide range of incentives including bonuses, cash rewards, discounts on company products, and so on. Sales success isn’t magic. It’s the direct result of an organized and well-balanced system comprised of the right people with the right focus who are fully engaged in their work. Studies have shown that salespeople are most engaged when they are conducting core activities, such as talking to prospects or running a presentation.