The Incentive Solutions News blog

OCTOBER 7, 2020

What is incentive pay? Incentive pay can be defined as a type of variable compensation that is awarded to employees when they have completed a specific set of performance objectives. Types of Incentives. Incentives can be broken down into two categories: casual incentives and structured incentives.

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Bonuses and Incentives Planning Tools Compensation Case Study 98

Analytics in HR

AUGUST 15, 2023

An employee recognition program can help your company retain employees, improve productivity and recognize employee performance. In fact, it’s been shown that when larger businesses double their employee recognition efforts, they experience a 9% increase in productivity and a 22% decrease in absenteeism.

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Employee Recognition Assessment Software HR Software Recruiting Software 52

Semos Cloud

MARCH 15, 2022

In this blog post, you’ll read about the importance of total rewards for your enterprise; how total rewards benefit employee retention, and how to implement a total rewards strategy for your HR department. Total Rewards is a compensation strategy for employees of a business or an enterprise. Recognition Programs.

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Bonuses and Incentives Strategy Assessment Software HR Software 97

Vantage Circle

SEPTEMBER 28, 2023

If you are a leader or an HR, you have a pretty good idea of how difficult it is to create a culture of recognition. Not only is it overwhelming, but it also needs a lot of strategy and planning. And that is something this blog will cover and give you a good headstart on how you can start your employee recognition program.

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Employee Recognition Hiring Software HR Software Onboarding Software 52

Vantage Circle

JUNE 16, 2023

This blog will examine various survey question templates. From employee engagement to workplace wellness and beyond, we've got you covered. Employee Engagement Index The engagement index is a vital measure of audience interaction and passion. How well does the company address and support employee financial wellness?

Survey 105

Survey Assessment Software Planning Tools HR Software 105

Achievers

MAY 26, 2015

Do you give your employees big annual bonuses as a reward for their work? If so, you have plenty of company: It’s common to rely on annual bonus plans to build employee motivation and pad salaries. Do you give them, or do employees earn them? Most bonuses, however, only come 1-4 times per year.

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Bonuses and Incentives Reward Management Metrics Strategy 92

Empuls

DECEMBER 18, 2023

  In this blog post, we'll explore proven strategies to boost employee retention in the insurance industry, empowering you to keep your valuable team members amidst the intense competition in the insurance market. 🔖 A notable example of a company implementing this strategy is Progressive Corporation.

Retention and Turnover 40

Retention and Turnover Hiring Software Onboarding Software Bonuses and Incentives 40

Vantage Circle

OCTOBER 4, 2021

Employee recognition plays a vital role in helping businesses deliver a near-perfect employee experience. And with the rise in hybrid work, companies are redoubling their efforts to develop a robust reward and recognition program. They need digital tools that enable recognition in the flow of work. Vantage Rewards.

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HR Software Onboarding Software Assessment Software Recruiting Software 52

Keka HR Blog

MARCH 29, 2023

Finally, Michael, the CEO, came up with a unique strategy. He started sending a personalized “Good Job” message for every small achievement of the employees. This showed surprising results as employee productivity increased by 30%. This is a simple example of how employee recognition can positively impact an organization.

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Bonuses and Incentives Retention and Turnover HR Software Employee Engagement 52

Empuls

FEBRUARY 22, 2024

  Keeping in mind the growing trends in the airline industry, keeping employees motivated is imperative to ensuring a smooth take-off and achieving your goals. In this blog delves into the strategies and benefits of effectively motivating airline employees through tailored rewards and recognition programs. 

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Bonuses and Incentives Case Study How To Diversity 40

The Incentive Solutions News blog

JUNE 24, 2020

Employee Rewards and Recognition: 10 Incentives that Don't Work. Incentive Rewards. Our Incentive rewards inspire motivation in your participants and produce the most ROI for your brand. Incentive Programs. Our incentive programs are strategically designed to help produce measurable growth for your business.

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Planning Tools Bonuses and Incentives Examples Employee Recognition 52

Achievers

OCTOBER 6, 2016

Incentive Magazine revealed employee benefits are more valuable than ever – according to MetLife’s 10th annual study of employee benefits trends, there is a strong relationship between satisfaction with benefits and overall job satisfaction. Rewards and recognition.

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Bonuses and Incentives Hiring Software Company Employee Recognition 178

Empuls

OCTOBER 9, 2023

High turnover can result in significant costs and disruptions, making it essential for banks to implement effective employee retention strategies. In this blog, we will explore some crucial strategies that can help banks retain their valuable workforce. The alarming state of employee turnover in banking sector 1.

Retention and Turnover 40

Retention and Turnover Strategy Recruiting Software Interview Software 40

Semos Cloud

SEPTEMBER 29, 2019

20+ Employee Recognition Program Benefits and Ideas. Employee recognition programs are employer initiatives to reward its employees for achievement, new behaviors, anniversaries and milestones. Let’s take a look at some employee recognition program ideas. What are Employee Recognition Programs .

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Employee Recognition Planning Tools Interview Software HR Software 40

Netchex HR Blog

MARCH 12, 2024

Performance Pep talks and bonus incentives have their place, but you’ll need to get organized to boost performance in the years ahead. Build a company-wide strategy for performance management with 9-box reporting. Recognition Specific and timely kudos make your employees feel “seen” and appreciated.

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Employee Engagement Hiring Software Policies Onboarding Software 89

Empuls

OCTOBER 9, 2023

In the highly competitive and dynamic world of finance, nurturing employee engagement is not just a good practice; it's a strategic imperative. In this blog, we'll explore the importance of employee engagement in the financial services industry and provide actionable strategies to enhance it.

Employee Engagement 40

Employee Engagement Industry Strategy Retention and Turnover 40

WorkHuman

AUGUST 2, 2017

The data I shared with her from recent customer studies supported the idea that employee recognition is one of the most efficient levers in their total rewards strategy. Do you work with a Recognition Science Denier? How is it changing their thinking about recognition as part of their total rewards strategy?

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Globoforce Retention and Turnover Bonuses and Incentives Hiring Software 112

Sapling

OCTOBER 13, 2019

Workers across 19 industries showed that 71 percent of employees were unhappy with their current jobs and seeking a change. About half of today’s employees will hit their breaking point in 2018,” states Dave Wright, ServiceNow’s Chief Strategy Officer. He adds, “Employees feel like they are burning the candle at both ends.

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Bonuses and Incentives Employee Recognition Compensation Retention and Turnover 60

Empuls

OCTOBER 9, 2023

From stringent regulatory requirements and demanding customer expectations to the ever-evolving landscape of financial technology, the journey of a bank employee is rife with complexities and pressures. In this blog, we will delve into the common problems faced by bank employees in their daily roles.

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Hiring Software Strategy Planning Tools Recruiting Software 40

Compensation Cafe

NOVEMBER 30, 2015

But compensation professionals (and readers of this blog) know the pay cheque is but one part of a very complex agreement between employer and employee to maximize a mutually beneficial relationship. Career-change opportunities within the company to keep employees on board while diversifying capabilities.

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Employee Recognition Compensation Employee Engagement Analysis 40

6Q

JUNE 4, 2023

A high turnover rate is costly since you’ll have to replace employees who have quit the company. The good news is, you can implement strategies to reduce staff turnover. One such strategy is to keep your employees happy. We also share some valuable tips to keep your employees happy and engaged. That’s not all.

Retention and Turnover 98

Retention and Turnover Hiring Software Onboarding Software HR Planning 98

Abel HR

MARCH 18, 2021

According to an “oldie but goodie” study by Bersin & Associates , businesses with reward programs have nearly one-third less turnover than those with no such incentive. Turns out, the employee recognition market is simply booming! ” In fact, in a 2021 study by O.C.

Employee Engagement 52

Employee Engagement Bonuses and Incentives Employee Recognition Retention and Turnover 52

Empuls

DECEMBER 7, 2021

In the context of this blog, they created waves with their employee rewards and recognition programs.  Each Organizations can reward employees for completing a project or reaching a milestone through awards, bonuses, gifts, vouchers, etc.  Employee  Employee rewards carry a financial element.

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Onboarding Software Hiring Software Bonuses and Incentives Employee Recognition 52

Engagedly

SEPTEMBER 2, 2021

Employee engagement has become one of the most common buzzwords in the contemporary business world. Given the paramount correlation between employee engagement and business profitability, organizations are constantly working on evolving new engagement strategies. Also Read: Want To Measure Your Employee Engagement?

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Employee Engagement Bonuses and Incentives Employee Recognition Benchmarking 52

Achievers

JUNE 1, 2017

Their campaign integrated multiple elements to drive adoption and participation by showing top-down support of their program through a bulk recognition from the CEO and behavior-based incentives where members were rewarded with points for positive recognition activity. About the Author.

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Employee Appreciation Bonuses and Incentives HR Software Strategy 0

Achievers

FEBRUARY 4, 2021

As that last statistic shows, employee engagement doesn’t just happen on its own. Here are eight employee engagement strategies that can change your company for the better. 8 employee engagement strategies that make a difference. These eight strategies address the most impactful employee engagement factors.

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Employee Engagement Hiring Software Strategy HR Software 270

The Incentive Solutions News blog

JUNE 2, 2020

While no two successful companies are exactly alike, they all have one thing in common: an employee retention strategy. Happy employees make productive employees, and smart businesses know that high employee turnover can harm a company financially and affect company morale. An employee retention plan.

Retention and Turnover 78

Retention and Turnover Hiring Software Planning Tools HR Software 78

Empxtrack

JULY 10, 2017

What experts say on employee recognition. Recently, Gallup surveyed 4+ million employees across multiple countries to know their views on employee reward and recognition. It was found, that employees who receive regular praise and recognition –. How to reward and compensate employees?

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Bonuses and Incentives HR Software Compensation Employee Recognition 41

Empuls

JANUARY 27, 2023

A well-defined recognition strategy can carry out many of the company's goals. The key to creating a supportive culture of appreciation is to tie company values to non-monetary recognition. What is non-monetary recognition? Improved retention Non-monetary recognition improves employee retention.

HR Software 52

HR Software Onboarding Software Interview Software Planning Tools 52

Compensation Cafe

OCTOBER 2, 2017

What motivates employees best? Or perhaps how employees feel about their work? Two articles that appeared in the Harvard Business Review blog in the last few months tackle this question, relaying interesting research and an intriguing idea. The potential of rewards? The fear of punishment? How do you help motivate others?

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ATS Employee Recognition Strategy Meeting 68

Bayzat

MAY 29, 2023

With the correct type of employee engagement, you could achieve higher productivity, better worker retention rates and, ultimately, increase your bottom line. This guide will examine employee engagement, how to measure and what strategies to implement. Once you engage employees in a certain way, you’re bound to notice it.

Employee Engagement 52

Employee Engagement Retention and Turnover Compensation Bonuses and Incentives 52

Business Management Daily

MAY 17, 2022

They mistakenly assume that providing a job is all there is to employee experience. In reality, the businesses that keep their best employees happy and engaged spend more time and money investing in their people—not just with salaries, but with incentives and carefully planned employee development programs.

Employee Engagement 59

Employee Engagement Retention and Turnover HR Planning Hiring Software 59

Bonfyre

SEPTEMBER 11, 2017

Micro-recognition stands in distinction to traditional recognition programs—bigger, less frequent rewards that come from the top-down at monthly, quarterly or even yearly intervals. More often than not these will involve material or financial rewards (bonuses, gift cards, prizes, etc.)

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HR Software Employee Engagement Bonuses and Incentives Immedis 65

Linkedin Talent Blog

FEBRUARY 5, 2020

But while this will be a new practice for many recruiters, this is a strategy with a lengthy pedigree. “In Consider making internal recruiting part of your performance reviews — and offer incentives to managers who facilitate internal recruiting rather than fight it. Departments make their problem employees someone else’s problem.

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Hiring Software Hiring Recruiting Software Talent Acquisition 49

Compensation Cafe

SEPTEMBER 23, 2016

Ann Bares, our editor here on Compensation Café , recently wrote on her Compensation Force blog about Union Employees & Variable Pay , citing recent Hewitt research showing that “13% of union employees working at the 130 organizations covered by the study are participating in a variable pay (incentive) plan.".

Employee Engagement 40

Employee Engagement Compensation Time and Attendance Employee Recognition 40

Compensation Cafe

APRIL 20, 2015

In this case, that would be a missed opportunity for readers of this blog, so I’m bringing the crux of the comments into the heart of this post to share more directly with all of you. During my years both reading and blogging here, I’ve learned a great deal. The comment stream to the post was very informative, even educational.

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Compensation Time and Attendance Employee Recognition Meeting 40

Ongig

APRIL 17, 2020

There are a ton of great HR/Recruitment blogs. We’ve compiled a list of the top 100 HR blogs by organic traffic they receive via Google and search engines (see Methodology below). Ongig, of course, has its own recruiting blog — you’re reading it right now! Wow, 18 other blogs beat us in traffic!

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Bullhorn Video Recruiting Recruiting Software HR Software 130