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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 So what does it all mean?

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Best of the Force: In a True Talent Partnership, Value Creation Should Drive Incentive Design

Compensation Force

I'm convinced that the only way to create smart, sustainable incentive compensation plans is to tie them directly to value creation. This means that the money to pay earned incentive awards comes from performance improvements, improvements which generate financial results and are driven by the plan design itself.

AON 40
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Best of the Force: In a True Talent Partnership, Value Creation Should Drive Incentive Design

Compensation Force

I'm convinced that the only way to create smart, sustainable incentive compensation plans is to tie them directly to value creation. This means that the money to pay earned incentive awards comes from performance improvements, improvements which generate financial results and are driven by the plan design itself.

AON 40
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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. Of course, you’ll have to consider what your employees want for their getaway. Look no further!

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How Just-In-Time Training Leads to Sales Growth

Rallyware for Human Resources

Of course, there is a wide range of incentives including bonuses, cash rewards, discounts on company products, and so on. Or is it about attending hours or days of courses? To be more precise, the training course contained 51 training tasks with the projected completion time of seven minutes per task, on average.

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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. What do you think?

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The Future Is Us!

Compensation Cafe

And as Dan pointed out yesterday, even the august duo of Towers Watson and Aon Hewitt are admitting to what the data has actually told us for a few years, ". Of course, everyone has this bias, from companies all the way to baseball pitchers. let's not just stick those incentives on a flat base pay and call it total compensation.