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Are Pandemic Hiring Practices Contributing to Churn?

Hospital Recruiting

At the peak of the COVID-19 pandemic, travel doctors and nurses were paid premium wages to temporarily work at facilities in need. They needed to offer higher than normal wages, signing bonuses, and enhanced benefits just to maintain recruitment levels. Signing bonuses alone for 2021 averaged $15,000 per hire. .

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Organizational Charts: Why Every Company Needs One

Netchex HR Blog

Here are the most common types of org charts: Hierarchical org charts can look a bit like a family tree with a CEO (or board of directors) at the top. If you decide to offer bonuses and financial incentives to increase productivity, then an org chart lets you visualize the potential expense of incentives in different departments.

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Annual Incentive Compensation: A Complete Guide

Decusoft

Annual incentive compensation programs represent an enormous opportunity for motivating employees and executives to do their best work. In this blog post, we discuss annual incentive compensation including recent trends, policy changes among shareholder advisory groups, and challenges compensation committees face.

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What is Compensation Management?

Zenefits

Compensation management is the process of ensuring that an organization’s salaries and bonuses remain competitive, appropriate, and equitable. Wellness incentive programs, in particular, are having a major impact on employee compensation packages.” What is compensation management? So, it’s no longer just about the money.

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Tips for Setting, Measuring, and Tracking Employee Goals

Netchex HR Blog

Achievable: Optional stretch goals can have bonus incentives attached, but SMART goals should be realistic without relying on extreme effort or luck. Align company, team, personal employee goals Employee goals need to work for the individual employee, but they also need to align with larger goals at the workplace.

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Outsmart Unplanned (and Costly) Employee Overtime

Insperity

When overtime creeps into your payroll and company culture haphazardly: Your C-suite may see it eating away at profits. Is overtime being used as an incentive or bonus without strategic oversight? Start your analysis by looking at how much overtime was paid out in previous pay periods. Root causes of unplanned overtime.

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Cafe Classic: Re-Thinking Compensation At Professional Services Firms

Compensation Cafe

I started thinking about this question after reading an article by Mark Herrmann about compensation of partners at professional services firms. . However, there is a lack of incentives. This system also suffers from a lack of incentives, and can create resentment amongst partners. to the broader world of work. What say you?