Compensation Challenges in 2022: Brace for Turbulence

Astron Solutions

We are facing an interesting time in compensation. The events of 2020 and 2021 have left a mark on how both employers and employees view work. In this Astronology® we will review some of the factors in play with the current compensation upheaval. Embrace indirect compensation.

Six Considerations When Evaluating Your Compensation Strategy

Tandem HR

Employees are vital to your organization and a significant investment for most businesses, often averaging 70% of operating expenses. While compensation is only one factor for recruiting and retaining talent, it is critical to your overall HR strategy.

Insiders

Sign Up for our Newsletter

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

10 Employee Incentive Programs to Engage Your Team

Achievers

Employee engagement should be a huge concern ? Leaders and HR have a significant role to play in sustaining employee engagement and motivation. Perhaps the most important thing they can do to keep employees engaged is effectively incentivize them. Recognition and rewards.

How Much Compensation Does it Take to Make Appreciation Unnecessary?

Compensation Cafe

Thanks to this article by Nestor Ramos and this one by Nicole Yang, both from The Boston Globe, I’m now also familiar with Brady’s compensation ($41 million in NFL contracts alone) and his sense of feeling underappreciated. Ramos’ article quotes Alison Green, author of the Ask A Manager blog, on why this phenomenon plays out, even among the highly visible and highly compensated: “I don’t think everyone feels underappreciated, but it’s true that many people do. Our U.S.

9 Employee Bonus Ideas and How to Use Them Effectively

Semos Cloud

9 Employee Bonus Ideas and How to Use Them Effectively. What are different types of employee bonuses and how can you use them to increase retention and productivity in your organization? However, there is more to what employees really expect of their employers nowadays. Category.

Recognizing People: A Recap of the WorkHuman Conference

Compensation Today

Not surprisingly, there was a lot of focus on the human and employee experience at the WorkHuman conference. A number of presenters shared projects that had impact on employee experience within their organizations. 83 percent who have received recognition believe they’ve had a positive employee experience. Globoforce , the company behind WorkHuman, is a recognition company so the topic featured fairly prominently. Learn More About Our Compensation Software.

Overcoming Pay "Perception Is Reality" with More Communication

Compensation Cafe

First, managers must always remember that, for employees, perception truly is reality. How does this relate to compensation? PayScale recently surveyed 71,000 employees on pay perceptions and intent to stay. Perceptions about pay play a significant role in an employee’s desire to leave your company… 60% of employees who perceived they were underpaid said they intended to leave, compared to only 39% of those who perceived they were overpaid.

Chasing Best Practices

Compensation Cafe

Research from the firm PayScale may help to answer at least some of those questions, with their annual analysis of compensation trends and activity. It turns out that high performers are more likely to provide pay increases (90% compared to 84%), bonuses (81% compared to 74%), and are also likely to leverage more of a compensation mix.

Uncovering the Hidden Causes of Poor Employee Performance

Compensation Today

Taylor, PHR, The HR Writer According to PayScale’s Compensation Best Practices Report , 69 percent of all employers are deeply concerned about losing their best people. For experienced human resource professionals, the management of employee performance should be a piece of cake. But, in many cases, the causes that lead to a breakdown in employee performance are not so easy to recognize. This sense of overwhelm rapidly leads to employee burnout and resentment grows.

Inside the Biggest Wave of Salary Increases Since 2008

Kazoo

The country’s workforce is now seeing the highest salary increase averages in 14 years as evidenced by budget increases that companies dedicate to worker compensation. Compensation has not kept pace with the rate of inflation nor the cost of goods and services.

Talent and HR News Update: Culture & Thankfulness

exaqueo

Whether finding ways to appreciate your employees or better understanding your organization’s culture, we’ve curated five articles just for you. 1) 3 SIMPLE WAYS TO SHOW APPRECIATION FOR YOUR EMPLOYEES, NO MONEY NEEDED FROM INC. Making your employees feel valued is easier (and less expensive) than you think. Your employees play a significant role in the success of your company. What’s more, showing appreciation to your employees is simple — and often free.

10 Unique Employee Incentive Programs For Your Team 2021

CuteHR

Did you feel a lack of engagement from the employees’ side? Usually, these issues are very much evident in the form of increased turnovers, especially from the top-performing employees. Therefore, employee engagement is a huge concern. What Is An Employee Incentive Program?