article thumbnail

The Power of Total Compensation Management in the Changing World of Work

Zalaris

This assessment is in addition to the already existing expenses like hiring, onboarding, and training as well as lost productivity from vacant jobs because of changing circumstances. Why do you need compensation strategies? Pay parity and benefit parity are guaranteed by well-managed compensation plans throughout the whole company.

article thumbnail

Globoforce Takes On #HRTechConf

WorkHuman

In fact, a few of my Globoforce colleagues are en route as I type. While the fun doesn’t officially kick off until Sunday night, we thought we’d give you a preview of some of the exciting things we have planned for the next few days, in case you’re there too! I’ll also be posting a wrap up of what I learned at the show.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Employee Engagement Is a Financial Strategy

HR Bartender

This research is supported in the Globoforce white paper “ The Financial Impact of a Positive Employee Experience.” Organizations need to create compensation and benefit programs that are internally fair and externally competitive. Companies should invest in employee’s futures with training and development opportunities.

article thumbnail

Organizations Need to Address the Core Issues with Performance Reviews

HR Bartender

During last year’s WorkHuman Conference, pioneered by Globoforce , I heard several speakers talk about the annual performance review. Performance reviews serve several organizational purposes including providing feedback, assisting with selection in promotions and transfers, and compensation. Let’s face it.

article thumbnail

Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

Repeated changes in a business can be harmful, especially due to the damage it can cause to employee morale for those who see colleagues quit or get laid off all too frequently. Compensation and Benefits Appropriate compensation for the work done is a key component of many employee retention strategies. In 2022, the U.S.

article thumbnail

With Globoforce on Social Recognition

Strategic HCM

I’ve just been attending an event with Globoforce and the Conference Board on social recognition. It’s been a natural progression for Globoforce to move beyond strategic recognition into the growing social HR space with a focus on social recognition too - though in a sense, recognition has always been a social sort of thing.

article thumbnail

A New Employee Benefit: Social Justice PTO

HR Bartender

At this year’s WorkHuman Conference , pioneered by Globoforce, I learned about a new employee benefit called social justice PTO. We’re familiar with the concept of PTO (paid time off). Social justice PTO is paid time off but for social issues, like protests or marches. they have one bank of time to use as they choose.