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What is an employee incentive program: ideas and outcomes

Workable

At their core, employee incentive programs are designed to recognize and reward employees’ contributions, thereby fostering a culture of appreciation, motivation, and loyalty. What are employee incentives? These incentives can be broadly categorized into two types: monetary and non-monetary.

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Having Trouble Unplugging?

Compensation Cafe

Closing the books on merit increases may be on schedule, but there are always loose ends to clear up before you get slammed with Q1 bonus and incentive work. Sometimes it seems like the best solution is just to keep moving. You may be feeling reluctant, even though you're tired. Earlier, she was a Principal at Willis Towers Watson.

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Software Implementation? Skip the Machine Language!

Compensation Cafe

Planning to upgrade compensation management with new software? I live in technology gulch so you'd think these issues were long dealt with here, but when we asked the members of the local compensation association for their hot topics, software topics were in the top five -- software selection and optimizing software metrics.

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It's No Time for "Shelter in Place" When It Comes to Employee Communications

Compensation Cafe

Annual planning. Career development. Incentives. manager's tools. performance management administration system. Have some fun imaging what it would be like to have the biggest budget in the world, the best technology, the most curious and supportive employees and managers. Giving feedback.

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Help Managers with the Challenges of Video Calls

Compensation Cafe

To preempt the difficulties, plan to provide tools in addition to administrative guidelines. Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café. Earlier, she was a Principal at Willis Towers Watson.

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Compensation Communications: Should I Say How I Feel?

Compensation Cafe

An early planning step involves defining what you want your audience to "KNOW, DO AND FEEL" as a result of the communications. Take another example -- you need to communicate the bad news that mid-year bonuses will not be paid because of business conditions. Everybody's been working full tilt.

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Solid Reasons to Start Communication Planning in August

Compensation Cafe

If your compensation system works on a calendar year, you're going to be asked to start a compensation communication plan in September. If you are going to make sure your compensation and performance management programs are procedurally fair , you've got research, analysis and strategy development to complete.