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5 Elements of a Healthy Performance Review Process

Achievers

This was popularized by Jack Welch, former CEO and Chairman of General Electric (1980-2001). Performance-Based Incentives. Make sure your performance reviews are connected to a tangible reward or incentive for each employee. To learn more, check out 6 Tips to Tackle Performance Reviews for Managers and Employees. . .

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Sign-On and Retention Bonuses Reach All-Time High

Compensation Force

The use of sign-on and retention bonuses appears to be at an all-time high, according to a recently released WorldatWork survey on Bonus Programs and Practices. The research, which highlights the practices of 713 organizational participants, is the fifth iteration of a series that dates back to 2001. Retention Bonuses.

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360 Degree Feedback: A Comprehensive Guide

AIHR

Smith and Walker (2001) found that positive 360-degree feedback ratings of bank managers were correlated with customer loyalty. Conway, Lombardo, and Sanders (2001) found that direct reports and team member ratings explained more variation in measures like productivity and profit than other sources.

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Leading Vendors Announce Quizzify Partnerships to Satisfy Forthcoming Wellness Incentive Rules

Quizzify

The ruling upends the wellness industry by proscribing “voluntary” incentives for screenings and health risk assessments as of January 2019. By adding Quizzify as a screening alternative, partner vendors avoid the pending upheaval, and none of their customers will have to reconfigure their program incentives or penalties.

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Part III - Where Should We Take Employee Rewards in the Future?

Compensation Cafe

Since the recession of 2001, business leaders have made cost control their primary goal for rewards. Organizations would be more effective and employees would be more engaged if at least half of benefits dollars were converted into cash, especially incentive opportunities. Employee incentives fit that bill. . Implications.

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Performance Appraisal & Rewards in Response to COVID-19

HR Digest

And the lessons from most recent events in the last 20 years like the relatively mild swine flu (H1N1) in 2009, the dot-com bubble of 2001, and the 2008-09 Great Recession, are nowhere near suitable to withstand the social and economic impacts of the COVID-19 pandemic. When it comes to short-term incentives…. Spanish flu).

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Shaping Performance & Rewards in Response to COVID-19

HR Digest

And the lessons from most recent events in the last 20 years like the relatively mild swine flu (H1N1) in 2009, the dot-com bubble of 2001, and the 2008-09 Great Recession, are nowhere near suitable to withstand the social and economic impacts of the COVID-19 pandemic. When it comes to short-term incentives…. Spanish flu).