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

Compensation Cafe: Why Friends at Work Matter

RecognizeThis!

It’s a driving factor in employee productivity, retention and wellness. I couldn’t say everything I wanted to about the importance of friends at work in my post on this blog last week , so I continued the theme today on the Compensation Cafe blog. Few know what we do well better than those with whom we work most closely.”

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. Some people balked at the idea saying that employees aren’t assets because … well, they’re human.

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. (We

article thumbnail

Tips on how to make your workforce happier – without raising salaries

Sage HRMS

As you can see, compensation is important, but good pay isn’t the be-all and end-all when it comes to their happiness. “Employees used to be happy just to be paid consistently and, hopefully, paid well,” said Heidi Golledge, CEO at the job site CareerBliss.com. Ask employees to recognize the success of others.

article thumbnail

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.

article thumbnail

Meaningful Work Tops Company Culture, Compensation, and Perks as Workers’ #1 Must-Have in New Global Employee Survey

WorkHuman

One of the survey’s most important findings is that workers across all age groups rank meaningful work as the most important aspect of their career, beating out positive company culture, compensation and perks, a supportive manager, and a fun team. Data indicates frequent recognition can help here as well. and Dublin. Read: [link].

Survey 70