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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.

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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.

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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. Frankly, it probably needs it.

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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. (We

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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. During the conference, the speaker mentioned that Patagonia allows employees one paid social justice day off per month AFTER they attend a training session on how to be a good activist.

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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

Compensation and Benefits Appropriate compensation for the work done is a key component of many employee retention strategies. Leading companies like Microsoft and Google are known for providing exceptional compensation to their employees, but not every business can afford top dollar to fill every role.

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Top 6 Megatrends Changing the Face of HR and Business

WorkHuman

Based on insights gathered from Globoforce’s WorkHuman Executive Forums, these megatrends illustrate a shift to more human-centric approaches to work. In the WorkHuman Radio podcast embedded at the top of this post, Derek Irvine , VP of strategy and consulting at Globoforce, discusses five of the six megatrends.