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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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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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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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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. percent in the depths of the recession.

AON 40
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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. Special perks like Friday yoga or in-chair massage, retention bonuses, and large cash incentives for employee referrals may be critical components.

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18 Benefits of HR Analytics For Your Business [With Examples]

Analytics in HR

HR analytics involves collecting data and key metrics on your workforce and organization to gain valuable insights and better understand their effectiveness. One example of this is when PNC bank’s HR team used HR analytics to better understand the risk of their incentive plans. Supporting your DEIB goals 17. What is HR analytics?