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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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4 Tips for 2020 Career Development

Compensation Cafe

What happens when you disappear raises, slim down bonuses, freeze salaries and/or jack up benefit costs? Career development no longer has to share the total rewards spotlight, and it becomes the go-to form of employee recognition. You may think that addressing career development is no big deal. Speak clearly.

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What Does a Bonus Mean?

Compensation Cafe

After all, we often don't make much of a communication effort when we award bonuses. They want confirmation that the merit budget is the same as the one their neighbor's company--as well as your local competitors--is awarding. When it comes to bonuses, the understood link with business results is often sketchy, too.

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Growing a Healthy Compensation Program -- Part Two

Compensation Cafe

A great motto for the day after Memorial Day, as well as for this series! None of the practices described in these two bullets above will serve you well in the medium-run. Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

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Should Employee Compensation Practitioners Care about the Economy?

Compensation Cafe

Our speaker is Gary Schlossberg , Senior Economist at Wells Capital Management , so we're banking on up-to-the minute information on next year's fiscal and monetary policies, as well as worldwide market trends. The Bay Area Compensation Association ( BACA ) is celebrating the holidays with a keynote speech previewing the 2018 economy.

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If You Don't Give Raises This Year

Compensation Cafe

Plus, we'll need to understand their feelings as well as their decision-making needs for what's coming. Then you decide to give it up, because the doctor's got you on meds that don't work well with alcohol. Who's good at handling this situation? You get it, don't you? Say you come home each day and reward yourself with a beer.

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Ready, Set, Go, Go, Go!!!

Compensation Cafe

In a start up, a paycheck/incentive talks to the employee about the future as much as the present. Do I have a career here? No matter how good that paycheck is, you'll all end up feeling ripped off by the second quarter if the leadership group doesn't walk in as prepared as possible to build relationships that work out well.