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

Astron Solutions

Aon (Hewitt Associates) [link]. The Hewitt data showed that about half of companies with single-digit revenue growth believed that the cost of their variable pay programs outweighed the benefit. The top five retention incentives for millennial employees are: additional bonuses or financial incentives (44 percent).

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

Bob

On the other hand, strategic compensation incentives are crucial for retaining the key talent you’ve fought so hard to find over the last few years. According to data from SHRM , the “labor market and inflationary pressure” are driving “higher-than-projected salary growth.” To put it simply: It’s complicated. percent in 2023.

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What's Going On Out There?

Compensation Cafe

Hungry for up-to-date data on how your competitors are handling the Human Resource components of the Covid-19 pandemic? Aon (including Radford ) just published data collected from April 7 to 10, 2020. Earlier, she was a Principal at Willis Towers Watson.

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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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IN MEMORIUM: FAREWELL ANNUAL RAISE

Compensation Cafe

An article was published last week with data from Aon Hewitt and Towers Watson that showed the annual pay raise is essentially dead (and in Towers Watson’s case, bonus pools will also be underfunded). The data apparently shows that we will deliver base pay as a flat amount going forward. Don’t follow the data.

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10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

Enhanced Data Analytics Many employee benefits platforms offer advanced data analytics tools to help organizations gain insights into their benefits programs. This includes metrics such as enrollment rates, claims data, and employee feedback. Compatibility is key to streamline processes and avoid data discrepancies.