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Let’s Talk About the Trend Away From Base Pay Increases Towards Short Term Rewards

Something Different

Namely; the percent of annual payroll budgets dedicated to salary increases has shrunk from a high of 10% to a current level of 2.9%, and short-term incentives as a percent of payroll has skyrocketed from 3.9% (when Aon first started tracking the metric in 1988) to a record 12.7% last year. ^In

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To give, or not to give? Navigating the 2023 merit pay dilemma.

HiBob

As inflation continues to rise (albeit a little more slowly this month than the last few), and as a global recession lurks just over the horizon, people and companies everywhere are feeling the pressure. Some companies made the hard decision to lay people off in the last weeks of 2022 and early 2023. To put it simply: It’s complicated.

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What's Going On Out There?

Compensation Cafe

Aon (including Radford ) just published data collected from April 7 to 10, 2020. If you think that the findings can't possibly apply to a company like yours, participation ranged from companies with fewer than 250 employees (15%) to over 50,000 (9%). You can order your own download here.

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How Just-In-Time Training Leads to Sales Growth

Rallyware for Human Resources

In fact, for each 1% increase in workforce training engagement, companies receive a 0.6% Many times customers have direct contact only with a company’s sales representatives. Many times customers have direct contact only with a company’s sales representatives. growth in sales. But that’s not all.

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

Analytics in HR

Evidence-based HR centers on making decisions supported by evidence from internal data, research findings and studies, expert judgment, real-life experience, values, and concerns. One example of this is when PNC bank’s HR team used HR analytics to better understand the risk of their incentive plans.

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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. Size and Structure In very small businesses with only a handful of employees, owners and managers may feel that informal recognition methods. Look no further!

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Salary Negotiation Strategies: Securing Your Worth in the Workplace

Heyyy HR!

Do you understand that there is a difference between positions with the same job title, but different locations, industries, and company sizes? In different regions (countries or states), company sizes, and industries, salaries can vary. It includes your base salary, allowances, bonuses, and any other monetary benefits.