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Top 10 Employee Recognition Ideas For Small Businesses

Vantage Circle

From spot bonuses to annual vacation rewards, we'll explore various creative ideas designed to boost your team's morale, motivation, and productivity. Aon recommends allocating 0.25%-3% of your total HR budget. Spot Bonuses Spot bonuses recognize and appreciate employees' exceptional efforts right on the spot.

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A Word to the Wise, Once Again!

Compensation Cafe

That was the first sentence in the April 15, 2014 Compensation Cafe article. With the current degree of dissatisfaction about employee pay, odds are that the information in these articles will seep into your internal conversations sooner or later. With Aon Hewitt' s assistance, The New York Times has laid it on the line.

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Compensation Programs and the Great Resignation

Astron Solutions

Aon noted in one of their blog posts, “Communicating total rewards is important; employees can be tempted to leave their employer for very little increase in actual salary and sometimes what you find is that they don’t appreciate the wider picture of how much their benefits are truly worth.” Sounds good. But is that all?

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Are Annual Raises Dead? Only If You Don’t Want to Gain a Competitive Advantage

TLNT: The Business of HR

An article last week from CNBC , with data from Towers Watson and Aon Hewitt, showed that the annual pay raise is essentially dead (and in Towers Watson’s case, bonus pools will also be underfunded).

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18 Benefits of HR Analytics For Your Business [With Examples]

Analytics in HR

In this article, we’ll briefly recap what HR analytics is and the main benefits of HR analytics for your business. One example of this is when PNC bank’s HR team used HR analytics to better understand the risk of their incentive plans. Contents What is HR analytics? HR analytics benefits 1. Practicing evidence-based HR 2.

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Where Have All the Raises Gone?

Compensation Cafe

Last month The New York Times ran an article bemoaning the loss of pay raises in favor of one-time bonuses and non-monetary rewards. Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation. percent in the depths of the recession.

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IN MEMORIUM: FAREWELL ANNUAL RAISE

Compensation Cafe

An article was published last week with data from Aon Hewitt and Towers Watson that showed the annual pay raise is essentially dead (and in Towers Watson’s case, bonus pools will also be underfunded). Increases in pay will come from incentive plans, if they are funded.