article thumbnail

Incentives Without Teeth

Compensation Cafe

The title of this post probably had you thinking about incentive plans that required real goals to be met before payment was earned. After the plane left without several passengers, we went to a customer service desk that seemed to neither care about the prior issues nor have any reason to provide a workable solution.

article thumbnail

HR’s Guide to Analyzing and Lowering Attrition Rate

Analytics in HR

Compensation also covers other financial incentives like bonuses, commissions, and annual increases. Salary is a significant factor in the worker-employer relationship, according to a survey conducted by Workable. Factors impacting attrition Internal factors 1. Offer competitive compensation and benefits package.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Good employees gone bad: Why it happens and how to prevent it

Insperity

Or, maybe you could offer her a pay increase or some other incentive to help compensate for the fact that she no longer receives a bonus. Regardless of the causes of performance issues, it’s vital you and the employee face the problem quickly and try to find a workable solution. But, this year, your company changed the bonus structure.

article thumbnail

Refer a friend for a job email

Workable

If your company offers an employee referral bonus program , include details about the incentives in your email. People Search from Workable is the fastest, most effective way to find email addresses, resumes, social and professional profiles. Or, use our employee referral program sample email. Sourcing candidates?

article thumbnail

Employee compensation – what you need to know and why

Workable

Health insurance, life insurance, disability insurance, 401k matching, stock options, employee assistance programs, profit sharing, paid time off, sick days and additional incentives could all potentially be included in an employee benefits package and would count as compensation.

article thumbnail

Creating a Workable Salary and Benefits Strategy for Your Startup

Zenefits

To give you the best shot at success, we have put together 7 tips for creating a workable salary and benefits strategy for your startup. Pay for performance and offer performance-based incentives. Lucrative performance-based incentives are an effective way to get someone with hard-to-match salary demands on board. Remember Me.

article thumbnail

3 steps to aligning compensation planning with organisational goals

Cezanne

Those could include off-cycle rewards, cash bonuses , stock awards, incentive L&D, co-creation in salary review, public celebrations of individual success and overall approach to performance management… That’s no small list! Ultimately, you’ll need to analyse if compensation at your business is strategic or reactive.