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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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Compensation Cafe: Keeping Top Employees in an Era of Disappearing Raises

RecognizeThis!

” I shared research from Aon Hewitt showing straight salary increases are near all-time lows while short-term rewards and bonus budgets (variable comp) are at an all-time high. In “Where Have All the Raises Gone?” I’m not surprised by this.

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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. This is a well conducted survey covering a point in time that can be confusing and sometimes even disturbing. Hungry for up-to-date data on how your competitors are handling the Human Resource components of the Covid-19 pandemic?

AON 69
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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. Are you seeking fresh and effective employee recognition ideas for your small business? Look no further!

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Salary Negotiation Strategies: Securing Your Worth in the Workplace

Heyyy HR!

Bonuses/Incentives : Often linked to performance, bonuses are meant to motivate employees to achieve certain goals. It includes your base salary, allowances, bonuses, and any other monetary benefits. In the United States, it is not received well when job seekers counteroffer more than once.

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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.

AON 40
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How Just-In-Time Training Leads to Sales Growth

Rallyware for Human Resources

It’s the direct result of an organized and well-balanced system comprised of the right people with the right focus who are fully engaged in their work. But when it comes to doing administrative tasks, well, that is where motivation and drive disappear. growth in sales. But that’s not all.