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

Something Different

…So this morning I read a great piece ( here ) from the NY Times highlighting a sea change in the way compensation is being managed in the U.S. I’ve written before about how traditional compensation structures haven’t kept up with the modern employment marketplace (a position supported by HR Thought Leader Kris Dunn here ).

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Is Your Company Following its Compensation Philosophy?

Workday

Does your company do a good job of following and communicating its philosophy around compensation? 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. Market comparison. Measuring Against Goals.

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After Years of 3% Increases, Where Have All the Good Raises Gone?

TLNT: The Business of HR

Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation. Aon Hewitt did not even start tracking short-term rewards and bonuses — known as variable compensation — until 1988, when they accounted for an average of 3.9 percent of payrolls.

AON 40
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Where Have All the Raises Gone?

Compensation Cafe

Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation. Aon Hewitt did not even start tracking short-term rewards and bonuses — known as variable compensation — until 1988, when they accounted for an average of 3.9 percent of payrolls.

AON 40
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18 Benefits of HR Analytics For Your Business [With Examples]

Analytics in HR

Helping build equitable compensation and benefits packages 5. HR analytics involves collecting data and key metrics on your workforce and organization to gain valuable insights and better understand their effectiveness. Helping build equitable compensation and benefits packages. HR analytics benefits 1. What is HR analytics?

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DecisionWise Digest April 14, 2023

DecisionWise

The reality is that well-developed, long-term strategies (called EX maturity models) drive employee engagement. They also provide assistance with mergers and acquisitions, compensation strategies, personnel planning, and benefits structuring. They are an analytical tool that is part of the leadership process. Criticizing

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10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

For example, some platforms allow for integrating different benefits, such as health insurance, retirement plans, and wellness programs. This includes metrics such as enrollment rates, claims data, and employee feedback. This can help employees maintain a healthy work-life balance and improve their well-being.