Remove AON Remove Bonuses and Incentives Remove Hiring strategy
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To give, or not to give? Navigating the 2023 merit pay dilemma.

HiBob

On the other hand, strategic compensation incentives are crucial for retaining the key talent you’ve fought so hard to find over the last few years. So, if you’re finding it hard to decide what strategy is best for your business, you’re not alone. Recession-proof your business with a global strategy.

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Salary Negotiation Strategies: Securing Your Worth in the Workplace

Heyyy HR!

It reflects not just your professional skills and experience, but also it also impacts your career goals and career strategy (or way of accomplishing your career goals quicker and easier). Salaries are a key component of the job search process and are often the deciding factor in accepting a new position or negotiating a raise.

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

Analytics in HR

Improving recruitment and talent acquisition 3. One example of this is when PNC bank’s HR team used HR analytics to better understand the risk of their incentive plans. They were also able to track employees’ moods and attitudes and gauge how employees were reacting to Unilever’s defense strategy.

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8 Tried & Tested Employee Retention Strategies in the Insurance Sector [2024 Edition]

Empuls

  In this blog post, we'll explore proven strategies to boost employee retention in the insurance industry, empowering you to keep your valuable team members amidst the intense competition in the insurance market. 🔖 A notable example of a company implementing this strategy is Progressive Corporation.

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A Word to the Wise, Once Again!

Compensation Cafe

With Aon Hewitt' s assistance, The New York Times has laid it on the line. Especially informative is the Aon Hewitt visual about the share of companies' payrolls devoted to bonuses vs. the share devoted to salary increases. "If It May Have Become a Bonus " We all know about this trend, we've helped to create it.

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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. Create a program that does for your employees what should be done.

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Is Your Company Following its Compensation Philosophy?

Workday

A WorldatWork study sponsored by Aon Hewitt found that while 92 percent of companies surveyed have a formal compensation philosophy, only 63 percent have it in writing. Here are the three elements we believe every company should evaluate before crafting a coherent compensation philosophy or pay strategy: Growth goals.