1% of Payroll: The Magic Number For Social Recognition Investment

Globoforce

Why do some recognition programs take off with widespread adoption, while others struggle to gain traction or make an impact? The problem is not that some work cultures don’t need recognition – appreciation is a basic human need. What about “free recognition” or “e-thanks”?

2 Critical Budget Considerations for Employee Social Recognition Programs

RecognizeThis!

Budgets must be appropriately established to reach all employees in a differentiated and calibrated way. How should I structure an employee recognition program that will have the kind of impact I’m seeking?”. Is your recognition program appropriately funded?

Who Owns Retention? The REAL Employee Turnover Problem

Achievers

What’s the biggest problem when it comes to employee turnover? At many companies, when turnover rises executives point to HR to fix it – whose plate is already overflowing with terminations, payroll, benefits management, and back-fill recruiting. building employee networks/committees.

3 Innovative Compensation Ideas Ready for Prime Time

Compensation Cafe

They change employee commitment to their colleagues, their customers, and their company. After completing the 90-day new-hire training period, Zappos needs to know its newest employees are all-in. Compensation Philosophy Incentives/Bonuses Pay for Performance Recognition

Where Have All the Raises Gone?

Compensation Cafe

Last month The New York Times ran an article bemoaning the loss of pay raises in favor of one-time bonuses and non-monetary rewards. Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation.

Rewards Matter: 4 great ways to recognize employees

HR Morning

But for any good employee worth having on your payroll, being recognized for their efforts is as important to them as their paycheck – with the added bonus that a well-planned employee recognition program boosts retention. Trust employees. Rewards matter.

Types of HR Software: A Guide

Capterra

But how do you choose between things as seemingly similar as “attendance tracking” software and “employee scheduling” software? This bucket includes all the types of HR software relating to managing the compensation of employees. Payroll. Employee Recognition.