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How to Build an Effective Employee Recognition Program

Terryberry

Limited Raises : Employee recognition programs can sometimes be seen as a way for businesses to avoid giving employees raises or other forms of financial compensation. Avoid Comparison. So, how do you create a culture of recognition ? Giving employees a monetary bonus. Recognizing employees at company-wide meetings. Make It Timely.

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How to keep compensation planning from running off the rails

Decusoft

If you are a human resources professional, it goes without saying that the annual or quarterly compensation cycle is going to be among your busiest times of the year. At Decusoft, we’ve been on the front lines of many comp cycles, helping businesses reengineer their compensation planning systems.

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HRIS Requirements Checklist: A Guide for Getting Started

Analytics in HR

Request free trials and live demos from vendors. Overtime calculation Automatic deductions Salary administration and history Commissions and bonuses Banking and tax information Incentive management. Insurances PTO Travel compensation Retirement plans Employee wellness programs. Benefits management.

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What is Compensation Management: A Complete Guide

Decusoft

Building a robust compensation management plan is critical for organizations in 2021. A well-researched compensation management plan allows you to meet goals around pay equity and other critical factors while retaining talent and rewarding employees for work well done. What is Compensation Management? .

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The Ultimate List of 60+ Job Description Benefits

Ongig

In comparison, 84% reported that it enables them to recruit top talent. 61% of applicants highlight compensation as the number one part of a job description , while 32% of employers believe that a competitive salary is the top reason employees quit. Employees put more value on PTO than employers, and 31% named this a top benefit.

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Colorado’s Equal Pay Act [7 Examples of New Language in Job Postings]

Ongig

.” Global company Mercer reported on the changes in June 2019: “The law aims to increase pay equity and transparency, imposes new notice and record keeping requirements, and encourages companies to regularly self-audit their compensation practices.” Adding a line about the pay range possibly moving within Rule 4.1.2