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Most employee bonuses last year were expected to match 2023 levels

HR Brew

Last year, the bonus pool at 58% of companies was expected to match the 2023 incentives rate, according to a survey by Gartner. The 2024 study (surveying 64 total rewards leaders) found that 11% of organizations planned to increase their short-term incentive budgets, while 6% expected to decrease.

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Flexibility is employees’ most valued benefit after salary

HR Brew

Incentive pay, such as bonuses and commissions, was second, with 64% of the roughly 1,500 respondents selecting it. The study comes after Amazon’s blockbuster announcement last month that it was ending its hybrid work policy and ordering employees back to the office five days a week starting next year.

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12+ Creative Staff Bonus Ideas That Go Beyond Cash Rewards

Empuls

Bonuses have long been a favorite tool for employers to boost employee motivation and engagement. However, a 2021 study found that nearly 78% of employees feel more motivated when they receive a mix of both financial and non-monetary rewards. The challenge is that not all bonuses are created equal.

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The 21 Best Employee Incentive Programs [+ Real-Life Examples]

AIHR

An Incentive Research Foundation study revealed that employee incentive and reward programs increased business productivity rates by 22% , while SHRM reported that 79% of employees would work harder if they felt their employer consistently recognized their efforts. Contents What is an employee incentive program?

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8 Employee Incentives That Work: Best Practices from US MNCs

Empuls

Employee incentives that work are essential for boosting motivation, engagement, and productivity within an organization. Research consistently shows that effective incentive programs lead to higher performance levels, lower turnover rates, and ultimately, a stronger bottom line. What is an Employee Incentive?

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Staff Rewards and Incentives - The Psychological Effect

Empuls

Staff rewards and incentives are not nice-to-haves but must-haves in today's fiercely competitive job market. Traditional approaches to employee retention are no longer sufficient; instead, companies are strategically leveraging staff rewards and incentives as a critical tool in their arsenal.

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What is Employee Poaching & How to Deal With It?

HR Lineup

This can occur in various ways, from directly reaching out to employees through professional networks like LinkedIn to offering enticing incentives that lure them away from their current positions. This includes not just salary but also benefits, bonuses, and other incentives. Background: Tech Innovators Inc.,