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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. Does this indicate companies can simply throw money at the problem? Employee engagement has increased worldwide.

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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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To give, or not to give? Navigating the 2023 merit pay dilemma.

Bob

As inflation continues to rise (albeit a little more slowly this month than the last few), and as a global recession lurks just over the horizon, people and companies everywhere are feeling the pressure. Some companies made the hard decision to lay people off in the last weeks of 2022 and early 2023. To put it simply: It’s complicated.

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Compensation Programs and the Great Resignation

Astron Solutions

Certain companies such as Costco and Target have already set their own minimum wage to meet or go beyond $15 per hour. Sounds good. But is that all? What other strategies can employers take? Four Strategies to Consider. We’ve also seen many states respond to this movement by adjusting their minimum wages to gradually meet this limit.

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8 Tried & Tested Employee Retention Strategies in the Insurance Sector [2024 Edition]

Empuls

Employee retention is a critical factor in the success of insurance companies.  Some key factors influencing the state of employee turnover and retention in the insurance industry include: Highly competitive market : The insurance sector is known for its competitiveness, with companies vying for top talent.

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What's Going On Out There?

Compensation Cafe

Aon (including Radford ) just published data collected from April 7 to 10, 2020. If you think that the findings can't possibly apply to a company like yours, participation ranged from companies with fewer than 250 employees (15%) to over 50,000 (9%). You can order your own download here.

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A Word to the Wise, Once Again!

Compensation Cafe

As I said back in 2014, when your company's internal practices become a topic for public discussion, you need to be alert. With Aon Hewitt' s assistance, The New York Times has laid it on the line. It May Have Become a Bonus " We all know about this trend, we've helped to create it.

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