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2020 Workforce Trends- What You Need to Know!

Affinity HR Group

As we look ahead to 2020, many of the challenges our clients faced in the past year are expected to continue into the New Year and beyond. A 2019 Payscale survey reported that 73% of respondents used some type of bonus or variable pay program. Consider developing a bonus program(s) for 2020 with an anticipated 2021 payout date.

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Another New Year- Time to Think About Bonuses

Affinity HR Group

With 2019 over and at the dawn of a new decade, it’s an ideal time to think about bonuses for 2020. Over 60% of respondents in a 2016 World at Work survey reported using some type of bonus or variable pay program, as did 73% of respondents in a more recent 2019 Payscale survey. Discretionary Bonuses.

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Job Growth & Wage Trends

Affinity HR Group

in April 2020. A recent Payscale survey asked participants how base pay increases were determined. Begin salary planning for bonus and incentive payouts. Unemployment Stats Despite a recent uptick, the unemployment rate remains low. The unemployment rate for July 2024 was 4.3%, an increase from 4.1% in June 2024.

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5 Proven Tactics Every Company Can Use to Get More Women in the C-suite

Linkedin Talent Blog

But a report from PayScale earlier this year shows that job referrals tend to benefit white men more than women or people of color. Other companies have decided they could do better than just ask by changing the incentives they offer for referrals. Create referral programs that specifically target women. Intel saw immediate results.

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Why Referrals Might Be Hurting Your Diversity Efforts (and What You Can Do to Change That)

Linkedin Talent Blog

A recent report from PayScale shows that job referrals can bring more engaged employees into your company, but tend to benefit white men a lot more than women or people of color. During a four month period in 2017, PayScale surveyed 53,000 workers to find out whether they got their job through a referral.

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2023 Compensation Trends Your Org Should Know About

Astron Solutions

49% of organizations are continuing to boost recruitment efforts by offering sign-on bonuses and equity/long-term incentive rewards, with over 21% planning or considering a similar approach in the future. base salary and short- and long-term incentive plans) and 35% are planning to.