HR Digest

MARCH 12, 2025

Financial Incentives Beyond salaries, employers might offer retirement plans (e.g., 401(k) matching), stock options, or performance bonuses. Taxable Fringe Benefits: A company car used for personal errands, cash bonuses, or lavish retreats might trigger income tax obligations for employeesand payroll tax headaches for employers.

HR Planning 72

HR Planning Bonuses and Incentives Retention and Turnover Examples 72

Zenefits

NOVEMBER 8, 2022

According to a study by The Society for Human Resource Management (SHRM), the average cost of replacing an employee is 6 to 9 months of their salary. You may also have to pay a signing bonus or other incentives to attract top talent. You may also have to pay a signing bonus or other incentives to attract top talent.

AI Recruiting 36

AI Recruiting Retention and Turnover Hiring Software Compliance Training 36

Vantage Circle

MARCH 23, 2025

This was thoroughly studied in the R&R report , which was curated using a vast database. Average Budget Allocation Industry standards suggest that organizations allocate between 1% and 2% of their payroll for employee recognition programs. Cost: Can range from a few thousand to a significant percentage of payroll.

Employee Recognition 59

Employee Recognition HR Software Hiring Software Planning Tools 59

Zalaris

JULY 25, 2024

Bonuses and Incentives: These are variable compensation elements tied to individual, team, or organisational performance. Bonuses and incentives can motivate employees to achieve specific goals and contribute to the company’s success. One powerful non-monetary strategy is implementing robust recognition programs.

Compensation 52

Compensation Bonuses and Incentives Recruiting Software Planning Tools 52

AIHR

FEBRUARY 1, 2024

Plus, when the right mix of incentives and benefits is tied to individual performance, organizations can both boost employee engagement and achieve their strategic goals. Compensation management vs. payroll: What are the differences? Compensation management vs. payroll: What are the differences?

Planning Tools 111

Planning Tools HR Software Compensation Hiring Software 111

EmployeeConnect

OCTOBER 23, 2022

According to a study held in 2021, 73 percent of employees leave their job for a better salary package. Employees can be compensated for their exceptional performance in the form of bonuses, incentives, and commissions. It focuses on providing additional non-monetary benefits to employees on top of their base salary.

HR Software 189

HR Software Employer Branding HR Planning Recruiting Software 189

AIHR

JUNE 13, 2023

Because sales compensation plans play a vital role in attracting and retaining top sales talent, HR needs to know how to design a competitive and appealing compensation structure that offers attractive incentives and rewards to drive performance and sales results. Salespeople are motivated to reach specific goals and are rewarded accordingly.

Compensation 105

Compensation Planning Tools Bonuses and Incentives Examples 105

WorkHuman

AUGUST 2, 2017

The data I shared with her from recent customer studies supported the idea that employee recognition is one of the most efficient levers in their total rewards strategy. For Believers, these studies make the benefits of recognition obvious. The results of these studies are both compelling and consistent. Challenge accepted.

Globoforce 112

Globoforce Retention and Turnover Bonuses and Incentives Hiring Software 112

Decusoft

MARCH 19, 2021

The client manages a variety of Merit cycles, long-term incentives, equity, and discretionary plans. The bank had multiple concerns that Decusoft identified to be addressed: Quarterly Merit cycles, annual component-based Bonus, Long-Term Incentive plans, and equity plans. The post Retail Bank Case Study appeared first on DecuSoft.

Case Study 52

Case Study Study Bonuses and Incentives Planning Tools 52

Bonfyre

OCTOBER 14, 2024

Here are some reasons why you should include gift cards as incentives in your rewards program to improve employee engagement scores. Perceived Value Studies have shown that employees perceive gift cards as having higher value compared to cash bonuses of the same amount.

AI Recruiting 52

AI Recruiting Bonuses and Incentives Retention and Turnover Employee Engagement 52

Semos Cloud

MARCH 15, 2022

The compensation also includes various bonuses for an employee’s salary. Some examples of bonuses are: Stock options. Ideally, the compensation will provide a powerful monetary incentive for the employee, but it’s not the most critical aspect of the total rewards strategy. End-of-the-year bonus. Christmas bonus.

Bonuses and Incentives 97

Bonuses and Incentives Strategy Assessment Software HR Software 97

AIHR

OCTOBER 27, 2023

Together, they make up a total compensation package, which may include salary, bonuses, insurance, retirement contributions, and various other perks aimed at attracting, motivating, and retaining employees. Compensation is the money an employee receives in exchange for their labor, which could be a salary, wages, commission, and bonuses.

Compensation 116

Compensation Wage and Hour Training COMPAS Bonuses and Incentives 116

Empuls

JULY 26, 2024

Additionally, a Boston Consulting Group study highlights that recognition in the workforce is the number one reason employees are happy at work.     - For instance, a study by the SHRM found that companies spending approximately 1% of payroll on recognition are 79% more likely to see better financial results. 

Employee Recognition 40

Employee Recognition Retention and Turnover Bonuses and Incentives Employee Engagement 40

FingerCheck

DECEMBER 20, 2015

Holiday bonuses can be tricky. According to one recent poll, two thirds of HR and Hiring Managers say they plan to offer holiday bonuses. Scrooge-like ” is how one blogger describes companies which don’t offer monetary bonuses. Studies suggest that nonfinancial rewards can be much more effective than monetary ones.

Bonuses and Incentives 40

Bonuses and Incentives HR Software Hiring Software Onboarding Software 40

Replicon

JANUARY 17, 2024

Such employees get additional perks such as paid time off, retirement plans, bonuses, medical insurance, and more. Key Highlights Work 35-40 hours a week A dedicated workforce of a business to perform day-to-day tasks Get paid time off, retirement plans, bonuses, medical insurance, etc.

Wage and Hour Training 141

Wage and Hour Training Hiring Software Code of Conduct Bonuses and Incentives 141

Zenefits

JULY 29, 2021

In many cases, there are tax incentives and benefits available to help pay for training costs, and even tax credits that subsidize payroll. Your local high school may have a work-study program that can help you find part-timers who need to stay on the job to get school credit. Source workers from colleges and schools.

Wage and Hour Training 88

Wage and Hour Training Hiring Bonuses and Incentives Competencies 88

AIHR

APRIL 24, 2025

Continue retention initiatives to prevent high-performers from leaving prematurely through stay bonuses, development opportunities, or inclusion in early decision-making. Integrate HR systems, payroll, and operational policies seamlessly. Do any capability gaps remain?

HR Software 52

HR Software Onboarding Software Assessment Software Planning Tools 52

6Q

JUNE 26, 2022

A compensation strategy typically includes the following: Basic pay: This refers to the initial salary without the benefits, bonuses or raises. Bonuses: Employees are rewarded with bonuses for meeting their quotas and performing their job duties well. A 2019 study from Harvard Business Review study agrees with this approach.

Compensation 105

Compensation Strategy Hiring Software Planning Tools 105

Zenefits

JUNE 7, 2021

Payroll is a significant and recurring employer expense, which can cut into the profit margin if improperly managed. Small businesses, especially, need to be on guard, as studies show that most small businesses frequently struggle with cash flow issues. But what should you put in your small business payroll budget?

Payroll 41

Payroll Bonuses and Incentives Assessment Software Planning Tools 41

Empuls

JULY 26, 2024

Additionally, a Boston Consulting Group study highlights that recognition in the workforce is the number one reason employees are happy at work.     - For instance, a study by the SHRM found that companies spending approximately 1% of payroll on recognition are 79% more likely to see better financial results. 

Employee Recognition 40

Employee Recognition Retention and Turnover Bonuses and Incentives Employee Engagement 40

Bayzat

APRIL 29, 2019

Compensations and Incentives. Exit surveys and declined offers can be investigated to understand what enhancements could be made to offer better incentives to employees. HR professionals can also study patterns of absenteeism that might adversely affect company productivity and growth. Employee Retention.

Analytics 73

Analytics HR Software Hiring Software Recruiting Software 73

ApplicantStack

FEBRUARY 13, 2024

Onboarding a new employee means a huge data dump of company values and culture, job responsibilities, department procedures, and all the administrative tasks of setting up payroll and benefits. Remote employees face an extra hurdle in that all of their onboarding has to be done through virtual or text communication.

Onboarding Software 98

Onboarding Software Onboarding ApplicantStack Hiring Software 98

Decusoft

MARCH 9, 2021

A well-planned compensation management approach ensures that your organization’s pay in terms of salaries and bonuses is competitive compared to others in the industry, appropriate for your organization, and equitable. A Mercer study discovered that when employees feel they understand how pay is set, they are more satisfied in their roles.

Compensation 98

Compensation Hiring Software Planning Tools HR Planning 98

6Q

JUNE 26, 2022

A compensation strategy typically includes the following: Basic pay: This refers to the initial salary without the benefits, bonuses or raises. Bonuses: Employees are rewarded with bonuses for meeting their quotas and performing their job duties well. A 2019 study from Harvard Business Review study agrees with this approach.

Compensation 98

Compensation Strategy Hiring Software Planning Tools 98

Recruiters Lineup

FEBRUARY 7, 2024

Payroll and Taxes in Chad In Chad, payroll and taxes are governed by the country’s tax laws and regulations. Understanding the payroll and tax system is essential for businesses operating in Chad to ensure compliance and avoid penalties.

Video Recruiting 98

Video Recruiting Hiring Software Wage and Hour Training Hiring 98

HR Morning

APRIL 29, 2019

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. Sure, salary and benefits are key factors, too. Close to half (45%) don’t feel their job culture is a positive one.

Bonuses and Incentives 95

Bonuses and Incentives Employee Recognition Policies Employee Appreciation 95

Namely

SEPTEMBER 7, 2017

While studying, she worked on an accounting team for two years, where she prepared and processed invoices. In her new role, Cheri works closely with the HR department to process the company’s payroll. The first thing I do is check my three email inboxes—personal, payroll, and accounts payable. Time to process payroll!

Payroll 40

Payroll Bonuses and Incentives Certification Industry 40

Zenefits

NOVEMBER 21, 2022

To do so, they will need to ensure that they have blind hiring practices and provide older adult employees with retention incentives. One ongoing study by David Neumark at the National Bureau of Economic Research discovered that non-age-blind hiring processes reduced job offers for older candidates by 68%. Automate payroll.

Discrimination 71

Discrimination Hiring Software Hiring Bonuses and Incentives 71

Bonusly

OCTOBER 4, 2017

A study by SAP and Oxford Economics revealed that one in five high performers are likely to leave their jobs within the next six months — and less than half are satisfied with their jobs. An "employee of the month" award or a year-end bonus is not going to keep your best employees on the payroll. Sure, but how do you actually do that?

Hiring Software 96

Hiring Software Planning Tools Employer Branding Bonuses and Incentives 96

Engagedly

NOVEMBER 21, 2024

It provides a structured and systematic approach to defining salary structures, including various compensation elements such as incentives, bonuses, and additional perks. Studies indicate a direct correlation between compensation and employee retention. Long-Term Incentives : Stock options and bonuses encourage loyalty.

Planning Tools 52

Planning Tools Compensation HR Software Bonuses and Incentives 52

Zenefits

MAY 6, 2021

A study about remote work from the last year have shown productivity is up 47% while working remotely from home. A McKinsey study found that emails can take up nearly 28% of an employee’s time. However, the reality is quite the opposite (in fact, studies show that people who work from home are more productive than office employees).

Hiring Software 97

Hiring Software Onboarding Software HR Software Bonuses and Incentives 97

cipHR

DECEMBER 15, 2022

HR and payroll software provider Ciphr surveyed 265 UK-based CEOs and senior managers about what motivates their workforces to be more productive. The study revealed that the majority of employers believe salary (40%) to be a key factor affecting their employees’ productivity levels, followed by bonuses and performance incentives (31%).

HR Software 52

HR Software Recruiting Software Productivity Bonuses and Incentives 52

6Q

MARCH 8, 2020

According to one study, 70% of customers support professionals and executives view silo mentality as the biggest obstacle to customer service and the biggest organisational hurdle to improving customer experience. Employee pay and benefits are determined independently and based on different goals and expectations.

Planning Tools 103

Planning Tools How To Bonuses and Incentives Tools 103

AIHR

FEBRUARY 10, 2023

Perks serve as incentives or extra rewards that make an employer more appealing to work for. Opportunities to enroll in these plans and automatic payroll deductions support and simplify the process of preparing employees for retirement. These added incentives boost morale and make employees feel valued.

Employee Benefits 116

Employee Benefits HR Software Wage and Hour Training Planning Tools 116

AIHR

APRIL 29, 2025

FAQ The growing role of Human Resources in business success Traditionally, HR was seen largely as an administrative or personnel management function responsible for hiring, payroll, compliance , and maintaining employee records. The Victorian Wage Inspectorate fined Woolworths over AU$1.1

HR Planning 52

HR Planning AI Recruiting HR Software Hiring Software 52

Compensation Cafe

MAY 14, 2018

If you're an HR office of one, busily juggling everything from beneficiary forms to incentive awards, it's hard to believe that you share any pressures with other HR managers. HR has engaged a payroll provider , but has held off on other online administrative support. This is the first in a series.

Compensation 45

Compensation Bonuses and Incentives Background screening Hiring Software 45

Decusoft

AUGUST 11, 2021

Sales managers need a balance of base salary and variable incentives that motivate them to lead their team. A well-structured sales incentive plan strategy is required to boost performance and inspire your sales force. . These include fixed base pay and discretionary incentive compensation. What Is a Commission?

Compensation 52

Compensation Planning Tools HR Planning Bonuses and Incentives 52