3 Practices for Effective Bonus Administration

HRsoft

When executed effectively, bonus administration can incentivize improved performance. It also provides the recognition most employees seek, which can support employee engagement and help you retain your top talent. However, mastering bonus pay isn’t always easy.

Employee Recognition: Picking Up The Pieces

Dave's Weekly Thought

As I enter my 10th year in the Human Capital Management space, I figured it would be beneficial to my readers to reflect on how our industry has (and has not) evolved over the last decade's time. * Case Study #1: A Story of Manipulation Employee A (Let's call him Carl) had worked for Company X (let's call it Pied Piper ) for a calendar year. The performance management process was positioned as a pro-active measure to build the internal talent pool.

3 Reasons Why Metrics Go Wrong

Compensation Cafe

A business mantra for decades has been “what gets measured gets managed.” The source of the trouble is that when people are judged by performance metrics, they are incentivized to do what the metrics measure, and what the metrics measure will be some established goal.

Update: Employee Compensation at Wells Fargo

Compensation Cafe

Compensation Cafe has covered Wells Fargo's pay practices since 2009, when the Bank canceled prefunded employee recognition and rewards events in the midst of the Recession, blaming it on federal government restrictions on bank practices following the subprime mortgage crisis.

Annual Performance Reviews Aren’t Dead, but They Do Need New Life

Capterra

If you’re a small or midsize business (SMB) that does annual performance reviews, I have some terrible news. Annual performance reviews are dead. A staple of performance management since the 1950s, gone forever. Jump to: What should stay: Performance ratings.

Why Appreciating and Rewarding Employees is More Important Than Ever

Empxtrack

Experts believe that praise and recognition have always been crucial in improving employee productivity, engagement and retention. Managers, HR and the leadership need to understand its significance and the positive impact it has on business growth. What experts say on employee recognition. Recently, Gallup surveyed 4+ million employees across multiple countries to know their views on employee reward and recognition.

The Best Features of a High-Performance Engagement and Retention Strategy

CakeHR

At the same time, businesses of all kinds have started to struggle with employee engagement. The reality, however, is that poor employee engagement is a common problem in every industry, despite the many attempts made to improve it. Employee health. Focus on Employee Recognition.