Promotions, Bonuses, Raises, Recognition - When They Work (and When They Don't)

Compensation Cafe

You can’t give all employees promotions, bonuses, or raises. The driving force behind this is often budgetary: “I can’t give Susie a raise, and there’s no career development path in the department right now. Bonuses. Compensation Philosophy Incentives/Bonuses Recognition

5 Ways to Fight the "Peanut Butter" Syndrome

Compensation Cafe

The solution needs to be customized to every company, of course, based on your culture and the values of your executive and manager groups. Remember, some companies have begun to put their differentiation efforts into incentive payments rather than salary increases.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

You've Got to Start Somewhere!

Compensation Cafe

Market tested your incentive rates? That your salaries were highly competitive, of course. Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

Ready for Cutting Edge Communications?

Compensation Cafe

The only obstacle is money, of course, which -- candidly, frankly and truthfully -- is insurmountable in most organizations. Or how about building an online resource that helped them understand the pros and cons of giving everyone the same bonus, and showed them simulations for different payout scenarios? Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

When Virtual Reality Meets Plan Design

Compensation Cafe

This enables you to see things you need to see, and do things you might not have tried on your own yet, so you're better able to develop a plan. Base Salaries Compensation Communication Incentives/Bonuses

Cafe Classic: Time for Spring Cleaning?

Compensation Cafe

Of course, there are also FLSA and equitable practice audits. Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café. Editor's Note: Yes, it's that time of year.

Cafe Classic: 3 Ways to Meet – and Exceed – Expectations

Compensation Cafe

Innovation , of course is the freedom to respond in ways that are out of the ordinary, that don’t get caught up in red tape, approvals, and complex decision making.”. Let’s say, a year when there will be layoffs and no bonuses.

Should Employee Compensation Practitioners Care about the Economy?

Compensation Cafe

As the economy goes, so goes your merit and bonus budget. This is, of course, a simplification but the "optics" are accurate. It will help you advance in your career. Base Salaries Incentives/Bonuses Total Rewards

Relocation Differential or Relocation Package? What's Your Policy?

Compensation Cafe

And what if Alice is moving for a career development opportunity? Whatever you do, don't mix up "cost of living" with "cost of labor" when developing your policy, even though you may be tempted to. Feel like banging your head against the wall?

The Future Is Us!

Compensation Cafe

Of course, everyone has this bias, from companies all the way to baseball pitchers. Our profession needs it, our executives are hoping they can rely on us for both and, if you notice, our careers will benefit, too. Compensation specialists, what do we do well that others don't?

5 Ways To Recognize Employees in the Transportation & Logistics Industry

CoreCentive

This is especially true among millennials , who do not understand the benefits of a career in transportation. Recognition programs may include referral bonuses or non-monetary compensation such as priority for in-demand routes. Employee Recognition Safety Incentives

Will Employee Compensation Beat Out the Kardashians for Celebrity Status?

Compensation Cafe

You can find the headline " One-Time Bonuses and Perks Muscle Out Pay Raises for Workers " on the front page of the Business Day section. A Compensation Cafe alum, of course -- Stephanie Thomas, who was a recent regular contributor.

To Attract and Retain. and Beyond!

Compensation Cafe

sounds like professional growth and career opportunities to an employee. Just check out our Compensation Cafe archives if you want an insightful, practical refresher course on "why" and "how.". Ready to make a difference in your company and your career?

eBook 63

Only Cash Buys the Confidence Needed for Non-Cash Appreciation

Compensation Cafe

Money spent on fringe benefits, recognition systems, career development programs and the like will provide the maximum return on the investment only when employees are not actively dissatisfied with their incomes.

Loving the Way Your Numbers Make Me Feel

Compensation Cafe

A short example of the takeaway lesson -- when it comes to reporting incentive results, it''s more likely to be perceived as substantively positive to say that you''ve achieved 96% of goal that to say you missed the goal by only 4%.

7 Amazing Facts that Could Change Your Mind

Compensation Cafe

About what really matters in our work, of course. It could really help your career, too. She brings deep expertise in compensation, career development and communications to the dialog at the Café. Base Salaries Compensation Communication Compensation Philosophy Competencies Incentives/Bonuses Pay for Performance Performance ManagementChange your mind about what?

12 Powerful Tips to Build an Employee Recognition Culture

EmployeeConnect

HR departments, which are challenged to recruit and retain the best people, are the prime movers for implementing a recognition culture that motivates and rewards employees them with essential psychological rewards that extend far beyond material incentives. Motivate with Financial Incentives Although financial incentives aren’t always the best motivators, they can certainly demonstrate appreciation for work well-performed.

HR Insights for this Christmas

CandidateZip

The problems may include low productivity, discrimination, holidays request, bonuses, incentive, etc. Offer Training Programs: Invest in your team rather than merely showing gratitude with the bonus; why not offer them training and career development courses?

5 Simple Wins Benefits Strategies Often Miss out on

Bonusly

For example: your organization may provide annual bonuses as a part of the benefits strategy. The problem is that there is little or no connection between the work someone does on a day-to-day basis, and recognition in the form of an annual bonus. Professional Development.

The Primary Goals of Compensation Management

HRsoft

Compensation also fulfills this goal; incentives like raises and bonuses can keep even long-term employees committed to your organization. For compensation professionals, the goals of designing and administering pay programs can get muddled over time.

Cafe Classic: Tired of Pretending? It's Time to Make Pay for Performance Better

Compensation Cafe

I'm talking about the end-of-year performance and pay discussion of course. So what if the tools you are using are the same -- your performance management program, merit raises and bonuses?

21 Newsletters Every HR Professional Should Read

CakeHR

This newsletter to leaders in disruptive workplaces come with several incentives like: Special access to case studies and practitioner-focused information. HRCI and SHRM recertification credit webcasts and courses. percent bonus.

What is employee retention?

Workable

health insurance, discounts for wellness programs), but that’s often not enough incentive for them to stick around. Training and career development : Offering learning and training opportunities is also a huge motivator for employee retention.

It’s beginning to look and feel a lot like Christmas!

Clarity Wave

You often hear about more and more large companies discontinuing bonuses and Holiday office parties. Employees have to earn their time on the wall, of course! This is another great career development gift that should align with your employee retention goals, as well.

How to Diminish Employee Turnover: Modeling Elite Companies

Effortless HR

Hiring managers, of course, have to find the right fit for the job description as well as for the culture. Get to know what your top competitors are offering, do your market research on fair wages and incentives, and offer benefits that your employees actually want.

The Job Perks Your Employees Really Care About

Rallyteam

The best employee engagement and retention strategies include programs designed to give employees more control over their jobs and careers while ensuring that they feel valued and supported at work. Employee development plans must include more than books and online courses.

The Job Perks Your Employees Really Care About

Rallyteam

The best employee engagement and retention strategies include programs designed to give employees more control over their jobs and careers while ensuring that they feel valued and supported at work. Employee development plans must include more than books and online courses.

8 Influential Employee Engagement Trends for 2019

Bonusly

When polled on career priorities, 57 percent of younger Americans responded that the most important factor was personally enjoyable and meaningful work. Professional Development. Today, young and ambitious professionals view personal career development as extremely important.

The Employee Experience: how the right benefits can bolster engagement

Interact-Intranet

And like any good asset, growth and development are to be expected, even welcomed. Offering benefits to staff shows them that you’re not only invested in their futures at the organization, but also proves that you care about their overall health, personal goals, and professional development.

The Employee Experience: how the right benefits can bolster engagement

Interact-Intranet

And like any good asset, growth and development are to be expected, even welcomed. Offering benefits to staff shows them that you’re not only invested in their futures at the organization, but also proves that you care about their overall health, personal goals, and professional development.

Performance Management In The Post-Rating Era – Quo Vadis?

SuccessFactors

If this culture is to remain intact – in the form of pay-for-performance, for example – how will salary and career development decisions be taken if ratings are no longer used? The question isn’t whether a ratings-based approach has weaknesses – of course it does.

Four Ways To Satisfy (And Retain) Millennial Employees

Thrive Global

Hiring managers need to pay attention to what they’re asking of their employees—if the employee is working every weekend, it’s time for a bonus. In fact, the number one reason millennials leave their organizations is lack of career growth opportunities. I see this all the time in my practice—discontent Gen Y’ers come to me when they sense that their current employer has dropped the ball on their career development.