How To REALLY Design an Incentive To Drive Behavior

What is Paul Thinking

Incentive for Reducing Travel Costs. If you do all three, you get a bonus of 20 points.” This company was using the article as a way to communicate to potential clients that using points-based incentives are the way to reduce travel costs.

Excessively Successful Incentives

Compensation Cafe

The only thing worse than an incentive that doesn’t work is one that works all too well. Wells Fargo is just the latest company to be ethically embarrassed and financially distressed by a fiasco involving excessively motivational incentives.

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

Beware of Bonus Pitfalls: Overtime and Nonexempt Employees

HR Daily Advisor

I received a call recently from an employer that wanted to know if it could exclude a newly created job category from an annual bonus program. The employer told me it hadn’t thought about doing so because this bonus was paid only once, on an annual basis.

Ensuring The Success Of Your Channel Incentive Program

Workstride

Organizations that go to market via indirect channels tend to understand the value in having a channel incentive program to motivate sales representatives, partners, or dealers. The objectives you set for your incentive program should focus on both quantitative and qualitative measures. Many companies rush to develop an incentive program because their competitors have one in place. Incorporate training as a qualifier to participate or as a bonus.

New Year, New … Employment Laws?

HR Counselor's Corner

If you haven’t added employment law compliance to your new year’s resolution list as of yet, here’s some food for thought. . At least $684 per week ($35,568 per year) must be paid on a salary or fee basis, with no reduction for future incentive pay.

Compliance check from legal experts: Policy changes you need to make before 2020

HR Morning

There were a lot of new employment trends in 2019, and 2020 will bring even more compliance changes. Employers are permitted to satisfy up to 10% of employees’ annual salary through non-discretionary bonuses and incentive pay — including commissions.

When Size Matters -- Basics for Early Stage and Small Companies

Compensation Cafe

The compliance services offered by the PEO are the turn-key stuff, but day-to-day Human Resources administration is much more complicated. Get credit for your incentives. Many CEOs of small companies don't like to talk about incentives since they can't guarantee a yearly payout.

Compliance check from legal experts: Policy changes you need to make before 2020

HR Morning

There were a lot of new employment trends in 2019, and 2020 will bring even more compliance changes. Employers are permitted to satisfy up to 10% of employees’ annual salary through non-discretionary bonuses and incentive pay — including commissions.

Leading Vendors Announce Quizzify Partnerships to Satisfy Forthcoming Wellness Incentive Rules

Quizzify

The ruling upends the wellness industry by proscribing “voluntary” incentives for screenings and health risk assessments as of January 2019. Having safe harbor status is just a bonus.” And, we certainly expect that our customers will be quite relieved that compliance with AARP v.

OSHA Clarifies Guidance on Post-Incident Drug Testing and Workplace Safety Incentive Programs

General Information Services

Post-incident drug testing policies and safety incentive programs would only violate 29 C.F.R. Incentive programs may be used to promote workplace safety and health. OSHA’s new interpretation permits and encourages safety incentive programs for employees. Programs that reward employees with a prize or bonus at the end of an injury-free month or that reward managers based on their department or work units lack of injuries is permissible under § 1904.35(b)(1)(iv)

Astron’s Yearly Compensation Review Part III: Non-Profit Executive Compensation Planning for 2019

Astron Solutions

The second most impactful change is the clarifications from the Internal Revenue Service on the use on “incentive” and “bonus” programs for non-profit executives. Savings Incentive Match Plan for Employees (SIMPLE). IRS Guidelines on Non-Profit Executive Incentive Compensation.

Cafe Classic: The Complete Job

Compensation Cafe

You'll try to be as objective as you can, considering quantifiable metrics like deadlines met, sales targets achieved, projects launched, budget compliance and products or services delivered. Incentives/Bonuses Pay for Performance Performance Management

Put Some Skin in the Game

Compensation Cafe

Just Basic Incentive-Based Compensation, Right? On the face of it, some of this conforms with general-accepted incentive compensation plan design. These are the handful of the team-based incentive programs requirements that I came up with: Objectives are specific and achievable.

The Misallocation Dilemma

Compensation Cafe

Meanwhile, we who frequent this corner of the total rewards world tend to obsess about the many challenges we face dealing with all the complexity we find behind wages, salaries, bonuses stock options and fringe benefits.

Compensation’s Role In Acquisitions

Compensation Cafe

A complete audit is recommended to insure legal compliance including international operations if they exist. Base Salaries Benefits & Perquisites Compensation Philosophy Incentives/Bonuses Sales Compensation Stock/Equity Compensation Total Rewards

Two Types of Compensation People

Compensation Cafe

Bonus pools that shrink when expense outflows exceed a nominal level frequently inspire fervent compliance with budget limits. If awarding workers an extra tenth of a percent increase will eliminate your year-end bonus, it becomes quite difficult to muster enthusiasm for that additional expense. Compensation people seem to come in two types: employee judges and employee advocates. Bear with me while I oversimplify about how each type distributes rewards.

5 Ways To Recognize Employees in the Transportation & Logistics Industry

CoreCentive

Recognition programs may include referral bonuses or non-monetary compensation such as priority for in-demand routes. A thoughtful Safety Incentives program can help reinforce those behaviors. Employee Recognition Safety Incentives

Are Contingencies in Commission Agreements Worth the Paper They’re Written On?

HR Daily Advisor

Last month, a federal trial court in Massachusetts also held that a former employee was entitled to unpaid commissions under the Wage Act despite an explicit statement in the employer’s commission policy that employees who voluntarily resigned were ineligible for incentive payments.

The USDOL finally gives us the updated Overtime Rule!

OmegaHR Solutions

To be exempt as an HCE, an employee must also receive at least the new standard salary amount of $684 per week on a salary or fee basis (without regard to the payment of nondiscretionary bonuses and incentive payments). Treatment of Nondiscretionary Bonuses and Incentive Payments.

Understanding Item 19’s “Other Compensation”

Berkshire Associates

Office of Federal Contract Compliance Programs’ (OFCCP) revised Scheduling Letter has been creating quite the buzz throughout the federal contractor community, especially because of Item 19—the request for compensation data. Compensation Compliance OFCCP Audit

Salary Cut-Off Raised to $35,568 in New Overtime Ruling

BeyondPay

Compliance | Employee Benefits. Non-discretionary bonuses, Incentive Payments and Commissions. Non-discretionary bonuses and incentive payments, including commissions, may be used to satisfy up to 10 percent of the standard salary level. .

The (Surprising) Facts About Motivation

Kazoo

The default style management has used to motivate their employees is the stick and carrot incentive. For starters, if the incentive isn’t compelling it doesn’t work. What kinds of incentives might a company use to influence employee behavior?

6 Tax Breaks and Benefits for Small Businesses in 2020

Zenefits

As 2020 progresses, owners of small and medium-sized businesses are planning for the future and looking for ways to leverage tax cuts and incentives to grow and expand. If you missed any of the tax incentives from last year, it might not be too late to use them, as well. Compliance

Top Five Compensation Trends from 2016

Compensation Today

Between the elections, compliance changes, and the ever-increasing competitiveness of talent markets, most of us have been on our toes all year. Going are the days where companies stop at giving discretionary bonuses that are unlinked to performance. 2016 has been anything but boring.

Attract And Manage Top Talent In Your Small Business

SuccessFactors

In today’s high-tech world, technology can help you save time and money with recruitment, HR management, and compliance, so you can focus your efforts on empowering your team and growing your business. Maybe you don’t have the ability to woo talent with big signing bonuses and salaries.

Are Your Variable Pay Practices Factoring into the Gender Pay Gap?

HR Daily Advisor

Pay equity isn’t just a matter of “fairness” and doing the right thing—it’s also a compliance issue and a business issue. What role does variable/incentive pay play in that overall inequity?

Zup Innovation hires 40% of employees through referrals using Workable

Workable

One incentive for all types of referrals with hard to track payout. A standardized process with less admin work and better compliance. Tier incentives based on role, candidate and if the person has previously referred a hired employee. Track incentives alongside referral hires.

How to write an employee handbook

Workable

Bonus incentives. Workplace HR Toolkit Tutorials Compliance Culture HR professionalAll companies need to communicate their mission, values and expectations to their employees. Employee handbooks are a good means to put these elements together.

Tax Law Fueling Changes to Employer Benefits and Compensation Programs

HR Daily Advisor

The most common changes organizations have made or are planning or considering include conducting a review of their compensation philosophy (43%), addressing pay-gap issues (36%), and introducing a profit-sharing or one-time bonus payout to all employees (21%).

Laying off employees: 6 ways to ease the transition

Insperity

Establish incentives for transitional staff. You could also think about offering a retention bonus. Either way, it’s a financial incentive for them to stay for a specified amount of time. Legal complianceTechnology advances, economic downturns, business model changes and acquisitions – these are all common challenges that may prompt you to consider laying off employees. You’ve cinched the purse strings as tight as possible, but layoffs are looming.

The new overtime rules: 6-point checklist to start complying now

Business Management Daily

Other measures affect pay for highly compensated employees and how bonuses fit into overtime calculations. Follow this checklist to ensure you’re in compliance: 1. Factor in bonus payments. Are you fully compliant with the new overtime rules that went into effect Jan.

New Overtime Pay Rules Now in Effect for 2020

Zenefits

Allows employers to use nondiscretionary bonuses and incentive payments that are paid annually to satisfy up to 10% of the standard salary level. Compliance

5 Ways Employee Recognition Software Pays for Itself

Kazoo

Appreciation and employee engagement are mistakenly seen as soft benefits – making it all too easy to avoid investing in an employee experience enhancement program that, at first glance, looks more like a bonus than mission-critical functionality.

Ask the Expert: Impact of FMLA on Salary Threshold for Overtime Exemption

HR Daily Advisor

FLSA/Wages Leave Management, Policy, and Compliance exemption FLSA Leave Management salary basisI have two questions regarding the salary threshold for exemption.

New DOL Overtime Rule: FAQs

Paycor

To help HR leaders prepare for the new year and mitigate risk, our compliance team answered the most frequently asked questions around the new DOL overtime rule. Q: Can employers use bonuses to satisfy part of the salary level test?