Are Holiday Bonuses Right for Your Company?

HRIS Payroll Software

The holiday bonus is something that has made good fodder for holiday comedies for years, but many companies have lately altered their views on the age-old practice. Holiday bonuses can be tough on companies when profit margins are down and can send the wrong impression if employees are expecting more than they receive. With this in mind, are holiday bonuses right for your company? Holiday Bonus Complications. Merit Based Bonuses. Non-Monetary Bonuses.

What’s the Best Way to Get Bonuses to Remote Employees?

Zenefits

If you’re like many businesses coming out of the pandemic economic shutdowns, you’re managing more remote employees than you used to. Unfortunately, this can make simple tasks like onboarding, open enrollment, and even handing out bonus packages a headache. Annual bonus.

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Employee Recognition: Understanding the Basics and 21+ Ideas

Astron Solutions

First, picture an employee who’s worked hard to stand out from the crowd. At the end of the year, this employee gets rewarded with a spot bonus and a holiday gift basket. Next, picture the same employee, but take away the recognition they receive at the end of the year.

59 Awesome Employee Engagement Ideas & Activities for 2018 (Plus 10 New Bonus Ideas)

SnackNation

59 Awesome Employee Engagement Ideas & Activities for 2018 (Plus 10 New Bonus Ideas). The Top Employee Engagement Ideas: Align your company with a purpose. HR managers can agree that employee engagement and retention are at the top of their priority list. Many employees in today’s job market quickly feel uninspired by their work, get bored after 2 years and start job hunting for something new. Free bonus: Download this entire list as a PDF.

SPAC Attack: Bridging the De-SPAC Gap

Compensation Cafe

First, you must communicate with your employees. The De-SPAC process starts when the world knows about the deal, this means your employees will know. This means no major snafus in the execution of incentive plans and no major employee relation issues.

15 New Years Reward Ideas for Employee of the Year

Career Metis

While some organizations find it to be a costly endeavor, Employee of the Year award is important in recognizing and appreciating employees in various departments of your company. New Year is the perfect time to appreciate your employees’ efforts for the past year.

5 Tips for Motivating the Best Employees at Your Small Business

HRIS Payroll Software

Employees are any company’s greatest asset, but for small businesses, great employees are truly the life blood of the place. Good employees that are positive and motivated can help your business to secure loyal customers and can keep things running smoothly. Keeping your best employees consistently motivated can be tricky, but is important – top employees have been found to be more likely to quit than lower performing employees. Employee Relations

Is Your Employee Development Program Really Effective?

HRIS Payroll Software

Employee development programs are extremely important in this modern culture of frequent change. Unfortunately, a recent Deloitte study revealed that roughly 60 percent of organizations feel that their learning programs fall short in actually supporting employee development. Answering the following questions may help you to ascertain how effective your employee development program is. Can Your Employees Easily Engage? Employee Relations Training

How to Retain Your Employees During and After an M&A Deal?

Career Metis

But while executives and business owners see an excellent business opportunity that will help them make more revenue, that is not what the employees are seeing. Mergers and acquisitions can make employees more anxious, leading to a decrease in morale or motivation. Poorly managed M&As almost always result in good and reliable employees losing their jobs, which is bad for other employees as well as the business. Retaining Employees During and After M&A Deals.

A Day In The Life Of Traditional HR

New to HR

Sometimes they even deal with bonuses. These e-mails and phone calls are then recorded, and each employee’s PTO record is modified accordingly. Pulling out notes they’ve made throughout the past week regarding company events, birthdays, reminders, and other tidbits, they make sure each employee has a chance to ask questions or offer their own thoughts. While in the middle of taking care of new hire paperwork, there is an employee that needs to speak with HR.

Five Steps to Simplify Your Compensation Program

Astron Solutions

Employees are placed into the classification and level based upon their competency levels and ability to perform the complexity required. Broadbanding increases the potential for employees to float to the top of the band, and receive pay rates way out of sync with the market. The design of a competency-based performance management system is for employers to reward their employees for their knowledge, skills, and competencies.

Growing a Healthy Compensation Program -- The Turning Point

Compensation Cafe

Part one is for companies that have fewer than 100 employees , part two is for 100 to 500 employees , part three is for DIY Communications. Once your company has grown past 500 employees, you are on your way to becoming a mid-sized company. One morning you look over your cubicle wall and realize that you don't really know many of the new employees. The employee count is up to 843.

A Day In The Life Of Traditional HR

New to HR

Sometimes they even deal with bonuses… A lot of it can seem nebulous, but before writing them off, let us journey through a typical day to truly understand their importance in the organization. These e-mails and phone calls are then recorded, and each employee’s PTO record is modified accordingly. Once this is over, it’s time to start going through e-mails ranging from employee concerns to tasks that need to be assigned.

Choose Your Example of How Pay Affects Corporate Status

Compensation Cafe

How employee income is delivered as a reward for work service can be a bigger issue than how much it is. IRS unreasonable compensation challenges frequently drive the employee-shareholders of closely held regular corporations subject to corporate tax rates to convert to Sub-S status where profits and losses flow directly to their personal tax returns. Vornado: Incentive pay that is awarded contingent on changing corporate status is not deductible as compensation by the corporation.

COVID-19 Employee Leave and Compensation

Astron Solutions

Many employees have spent close to two months (to date) staying at home in order to “flatten the curve” of COVID-19. Many employers are anxious about how to give their employees some sense of job security and how to keep their organizations afloat during this challenging time.

BLR’s 2017–2018 Pay Budget and Variable Pay Survey

HR Daily Advisor

How much of an increase in pay are your employees receiving in 2017? last year and 16% the year before) of employers awarding merit increases of up to 2.5% (averaged across all employee types). awarded as much to employees at the management level, 19.7% awarded it to non-management salaried exempt employees, 20.6% awarded the same to hourly office employees, and 18.8% of base pay as an increase to hourly non-office employees. 2017 Bonuses.

4 Steps To A Great Employee Referral Program

Zenefits

What is an Employee Referral Program? An employee referral program is a way to source candidates for a job opening internally. Not only can the process save you time and money, but it can also help attract higher-quality candidates while improving employee relations.

Lessons Learned from United Airlines: How You Can Embrace HR as a True Leadership Partner

Hireology

In late 2017, United Airlines named Kate Gebo EVP of Human Resources and Labor Relations. Not only can giving HR a seat at the leadership table improve employee relations and satisfaction, but it can lead to stronger connections and relationships between employees and customers, driving improved customer service. Collect Employee Feedback. When the employee experience continuously improves, employees are more likely to feel motivated to best serve customers.

How Fast-Growing Companies Can Improve Culture

Reflektive

SEE ALSO: Why Facebook Employees Are More Productive, Motivated, and Satisfied. Employees who share the same corporate vision and mission are more likely to give their best to a company, have higher morale, greater job satisfaction, and are less likely to leave the company for other opportunities. This very growth, however, can change startup culture beyond recognition, leaving employees struggling to keep up and wondering whether their beliefs still align with corporate culture.

How to handle compensation during uncertain times

Insperity

The delicate balance is: How do you handle compensation during uncertain times to protect the financial health of your business but without losing valued employees? From the employee perspective, pay freezes are usually preferable to reductions in regular wages or interruptions to payroll.

Top 100 HR and Recruitment Blogs [by Organic Traffic with Top 3 Articles Each]

Ongig

Employee Engagement. Employee Experience. Exempt Vs Non-Exempt Employees? Employee leave of absence: Everything you need to know. Employee recognition ideas: 52 epic ways to give rewards. Employee handbook: 6 must-have policies for your manual.

HR Glossary of Terms

Zenefits

ATS, employee handbook, HRIS, workers’ comp … there are plenty of acronyms and terms in the HR world to know and stay on top of. When an employee habitually fails to show up for work as scheduled without good reason. Common-Law Employee. Employee Engagement.

A Guide to Planning Your HR Budget for 2022

Analytics in HR

In either case, planning the HR budget is a systematic process that involves a close look at previous years’ expenses, current year costs, projected number of employees, and other future predictions so that HR functions are not shortchanged. Employee relations and talent management.

Performance Appraisal & Rewards in Response to COVID-19

HR Digest

And the lessons from most recent events in the last 20 years like the relatively mild swine flu (H1N1) in 2009, the dot-com bubble of 2001, and the 2008-09 Great Recession, are nowhere near suitable to withstand the social and economic impacts of the COVID-19 pandemic.

Shaping Performance & Rewards in Response to COVID-19

HR Digest

And the lessons from most recent events in the last 20 years like the relatively mild swine flu (H1N1) in 2009, the dot-com bubble of 2001, and the 2008-09 Great Recession, are nowhere near suitable to withstand the social and economic impacts of the COVID-19 pandemic.

Compensation Management is Important in Every Company

NGA Human Resources

Compensation management is vital for employee motivation. Everyone should be recognized for the value they bring to organizational success; not just those in companies with 1,000s of employees, and millions of dollars a year in salaries. Employees who are recognized for the value they bring are more likely to be motivated, loyal and higher performing than those who’re not. Policies that make it clear exactly what the employee is receiving in total reward.

Top priorities for HR due diligence in a corporate transaction

HR Times

For organizations involved in a corporate transaction, understanding the HR-related impacts and potential risks from a financial, people/culture, and operational/structural perspective is vitally important to maximizing transaction value. Related links. Savvy leaders, however, realize that human capital/employee costs are often the largest and riskiest target company expenses. Employee-related liabilities. Employee engagement levels.

Concerns Surrounding Non-Profit Executive Compensation

Astron Solutions

Others even pay bonuses, once rare at non-profits. Incentive plans and other innovative compensation & human resources practices are becoming critical elements in the organizational strategy of many non-profit organizations. More than half of the participants indicated their program objectives included the following: improve morale and/or employee relations; improve employee retention; link pay to performance / improve employee performance; and.

HRMS: An Enhanced Way to Manage your Human Resources

Keka HR Blog

As the number of employees in the company keep increasing, the challenge of managing this large workforce becomes difficult and frustrating. HRMS helps an organisation to completely understand its employees while complying with the evolving tax and statutory laws. Employee Self-service.

Top priorities for HR due diligence in a corporate transaction

Bersin

For organizations involved in a corporate transaction, understanding the HR-related impacts and potential risks from a financial, people/culture, and operational/structural perspective is vitally important to maximizing transaction value. Related links. Savvy leaders, however, realize that human capital/employee costs are often the largest and riskiest target company expenses. Employee-related liabilities. Employee engagement levels.

A Comprehensive Guide to Total Rewards (And How to Master It)

Vantage Circle

In this article, you will learn: What are your employees looking for through their Total Rewards Strategy. How to approach a Total Rewards Strategy that ensures benefits for both employees and employers. How to manage all aspects of employee compensation, reward, and recognition.

11 Employee Recognition Awards Your Employees Really Want

Semos Cloud

1 1 Employee Recognition Awards Your Employees Really Want . Give these 11 employee recognition awards to your employees and watch their productivity, satisfaction and happiness improve. 1 1 Employee Recognition Awards Examples . Bonuses . Category.

5 Business Trends that Will Influence the Workforce in 2021

LaborSoft

We have also had to give employees room to make accommodations due to their inability to commute to a physical office space, work the same daytime hours as they did pre-pandemic, or exercise their right to use FMLA benefits to care for family members who had contracted COVID-19.

A Brief Guide On How To Engage Blue-Collar Workers

Vantage Circle

They might not need a four-year college diploma, but most of them demand skilled employees with special training. They can expect your life to be relatively stress-free. Related podcast: How AI is shaping HR and Employee Experience? Employee Engagement

Workers’ rights in the age of COVID

Business Management Daily

Employers who appear to put profits over employee safety create a public relations nightmare. These are powerful incentives to sign union cards and call for an election in previously non-union workplaces. Unionized Hispanic employees earn 20.1%

Astron’s Yearly Compensation Review Part I: Base Pay Projections

Astron Solutions

in education and healthcare related industries and 4.5% in information technology related industries. New York City Large Employers (11 or more employees): $13.00 A majority of clients in states with aggressive minimum wage moves have been forced to conduct extensive equity studies and studies of the employee relations and financial impacts these moves are creating. It’s that time of year again!

I scream, you scream, we all scream … for the FLSA’s new salary test

Ohio Employer's Law

The rule, as expected, increases the salary level at which one qualifies as an exempt white-collar employee ($913 per week; $47,476 annually), while leaving alone (for now) the duties one also must meet to qualify. Sets the total annual compensation requirement for highly compensated employees (HCE) subject to a minimal duties test to the annual equivalent of the 90th percentile of full-time salaried workers nationally ($134,004).