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Most employee bonuses last year were expected to match 2023 levels

HR Brew

Last year, the bonus pool at 58% of companies was expected to match the 2023 incentives rate, according to a survey by Gartner. The 2024 study (surveying 64 total rewards leaders) found that 11% of organizations planned to increase their short-term incentive budgets, while 6% expected to decrease.

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How incentive theory drives motivation and behavior in the workplace

Achievers

Incentive theory offers valuable insights into what drives employee motivation in the workplace. Whether it’s a financial perk, professional growth opportunity , or simple recognition, incentives help create a culture where employees feel valued and motivated to contribute their best. What is incentive theory?

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The referral goldmine: How to turn your best candidates into recruiters

Bullhorn Blog

Introduce the idea at the first point of contact during the application process, the first interview, and onboarding. Offer incentives that people actually care about. Look at past placements. VIP referrers can get higher referral bonuses, early access to jobs, or even a special ambassador title. Start with them.

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Recruit Those That Can Start Work Immediately – With “Start Next Week Hiring”

Dr. John Sullivan

First, attract candidates who don’t need to give two weeks’ notice, those you’ve already assessed in the past, and those who will likely jump at the opportunity to accept your offer. Require each applicant at the very beginning of each application to list their earliest guaranteed starting date.

Immedis 99
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A Small Business’s Guide to Hiring Seasonal Employees

Extensis

An uptick in sales at a specialty retail store before the winter holidays. A substantial need for an increased headcount at an accounting firm during tax season. Potential cost savings : Seasonal staff that enjoy their experience at your company may return during your next busy period, possibly reducing future recruiting expenses.

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Improving Employee Retention In IT With Smart HR Management Practices

HR Management

Performance bonuses and stock options can give employees a tangible stake in the company’s success. Encourage open communication and feedback at all levels. Recognition and Appreciation Acknowledging employee accomplishments through awards and incentives shows that you value their contributions.

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Boost Branch Performance with Tiered Profit Sharing

COATS Staffing Software

This plan was carefully crafted to: Drive profitability Strengthen collaboration Elevate employee morale Crucially, the plan includes a minimum profit threshold , ensuring bonuses only activate when the company reaches specific financial targets. Enhanced Employee Morale Monthly bonuses made employees feel seen, valued, and appreciated.