Achievers

OCTOBER 24, 2017

When most companies hire hourly workers , they often focus solely on the dollar amount they must pay to attract qualified candidates, rather than the perks and benefits that can set them apart from other potential employers. Don’t be MOST companies. So, it begs the questions: How can your company offer flexibility?

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Justworks

DECEMBER 19, 2016

Is running an employee incentive program worth the time and cost invested? According to the HRM report, US companies spend $1 billion annually on incentive programs — and for good reason. However, employee incentives can also. Read more

Bonuses and Incentives 80

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Hppy

JANUARY 23, 2017

Vacation bonuses. These are the latest and greatest perks companies are using to keep their employees happy. But are incentives like these actually worth it? Morale-boosting workplace incentives will reduce turnover and its associated costs. Gourmet meals. Game rooms. The short answer is, yes! 2) Save money.

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Hppy

JULY 26, 2017

Knowing you did a good job is one thing, but hearing it from your boss or the president of the company is even better. Email blasts, announcements at company meetings, and other company-wide correspondence is a great way to recognize employees. You don’t have to open the can of worms that is monetary incentives to say thank you.

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Bonuses and Incentives Employee Recognition eBook Conference 118

The Incentive Solutions News blog

SEPTEMBER 9, 2021

Rethinking Your Company Incentive Plans - Incentive Solutions. Incentive Rewards. Our Incentive rewards inspire motivation in your participants and produce the most ROI for your brand. Incentive Programs. Our incentive programs are strategically designed to help produce measurable growth for your business.

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Compensation Cafe

FEBRUARY 16, 2021

After all, we often don't make much of a communication effort when we award bonuses. They want confirmation that the merit budget is the same as the one their neighbor's company--as well as your local competitors--is awarding. When it comes to bonuses, the understood link with business results is often sketchy, too.

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Bonuses and Incentives Compensation eBook Career Development 52

WorkHuman

DECEMBER 8, 2016

Laura Sejen, managing director, Rewards, at Willis Towers Watson explains that many companies, “are starting to question how those budgets are spent and whether their conventional approaches to salary planning are delivering a good return on that 3% investment.”. employers knowingly give bonuses to employees who fail to meet expectations.

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Compensation Cafe

JUNE 4, 2020

Feelings" because, as much as employees will understand the need to tighten the purse strings, they will also be eager to be recognized as valuable to your company, perhaps more than ever before. Plus, we'll need to understand their feelings as well as their decision-making needs for what's coming. Others will not have the budget.

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Hppy

DECEMBER 21, 2017

This is when they try to maximize their contribution towards increasing the company’s bottom-line. Many organizations offer bonuses and incentives but money isn’t everything. Most leaders agree with the fact that employee attitude plays a great role in a company’s success. 2- Provide consistent feedback.

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The Incentive Solutions News blog

FEBRUARY 3, 2021

Consider that, likely, your competitor provides incentives. If your competitor provides incentives, it could be their “secret sauce” to offering a better customer experience than you. Here are some of the ways the competition’s incentive program could be better than yours, and how you can fix that: They have better incentive rewards.

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The Incentive Solutions News blog

JUNE 24, 2020

Employee Rewards and Recognition: 10 Incentives that Don't Work. Incentive Rewards. Our Incentive rewards inspire motivation in your participants and produce the most ROI for your brand. Incentive Programs. Our incentive programs are strategically designed to help produce measurable growth for your business.

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Hppy

OCTOBER 6, 2017

The founder of Ford company, Henry Ford rightly said, “Nothing happens until someone sells something.”. An effective sales team helps increase customer awareness, which ultimately adds to your company’s bottom line. Here is how companies can keep their sales teams motivated so that they perform their best; 1.

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Compensation Cafe

AUGUST 9, 2019

Employees often consider benefits a given that companies "need" to offer. When you talk about employee pay, even in one-on-one conversations, you should always describe it as part of the Total Rewards for working at your company. Instead of jumping on the first number quoted, work to save your company some fixed costs.

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Compensation Cafe

JUNE 16, 2020

What happens when you disappear raises, slim down bonuses, freeze salaries and/or jack up benefit costs? Plus you've put yourself into a situation that will be difficult to explain to anyone's satisfaction unless your employees are well-briefed on your company's compensation philosophy and administration. Speak clearly.

Career Development 85

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Compensation Cafe

NOVEMBER 28, 2018

It's especially common in small companies, but large companies have their pockets of peanut butter lovers, too. The solution needs to be customized to every company, of course, based on your culture and the values of your executive and manager groups. Incentive decisions can also be peanut buttered, as I'm sure you've noticed.

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Compensation Cafe

MAY 28, 2019

I'm talking about: Requiring that the design helps your company achieve its strategic business and talent management goals. Singing, Dancing and Posing: Aligning Incentives, Performance Metrics and Strategic Objectives by Stephanie Thomas. Best practices for plan design? Skip the following steps at your peril! Rewards for Retweets?

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Compensation Cafe

JUNE 25, 2020

Additionally, employees and managers will notice that the compensation department has a thoughtful plan, and will trust a company that makes an effort to explain what is happening and build buy-in. Build cohesion -- Can you call your company a "united whole" right now? If not, this is the communications goal for you.

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Compensation Cafe

AUGUST 6, 2020

Another advantage, of course, was to total up the financial value of all that the company does for employees in one category in employees' minds. With HR building a single operating calendar for open enrollment, performance management, raises, incentive awards and development planning. Where do you start?

Compensation 90

Compensation HR Software Planning Tools Performance Management 90

Compensation Cafe

SEPTEMBER 10, 2020

Are you worried that your company hasn't made enough progress? Only 14% report achieving significant or extreme transparency, so odds are you're in good company. A hefty number that signals employees will start comparing your company's pay transparency practices to your competitors' soon. Well, you know. Well, you know.

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Compensation eBook Study Career Development 85

Compensation Cafe

DECEMBER 5, 2019

Mercer also points out that, in case you haven't noticed yet, "the truth [about my pay] -- or some version of it -- is out there, whether companies like it or not.". Her firm, re:Think Consulting, provides market pay information and designs base salary structures, incentive plans, career paths and their implementation plans.

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Compensation Cafe

JUNE 25, 2019

The murkiness has caused some of the more nervous companies to cut back or avoid perks that could be considered potential candidates for the regular rate of pay definition, just in case they would qualify employees for higher rates of overtime pay. Most, but not every company, that commented are in favor of the change.

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Bonuses and Incentives eBook Compensation Career Development 59

Hppy

JULY 25, 2016

As a leader in your company, you already realize the importance of acknowledging your employees for their efforts and contributions. It’s been shown that companies who have either a formal or informal recognition program have 83% of satisfied employees versus only 53% of satisfied employees in companies with no recognition program.

Employee Recognition 70

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Compensation Cafe

APRIL 28, 2020

This "point in time" report is called "Adjusting Total Rewards Programs, Workforce Strategies and Sales Force Effectiveness Practices in Response to COVID-19" and it has some valuable insights into how companies are (or are not) adjusting their people strategies to the current environment. You can order your own download here.

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Hppy

DECEMBER 21, 2016

But sometimes it is best to look beyond the ‘traditional’ Christmas incentives such as yearly bonuses or a big office party. Many companies still hold a large Christmas party as a part of the annual celebration – but is it really worth it? But for others it’s a large expense with little benefit. Get your free copy.

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Hppy

DECEMBER 24, 2016

New workers are just beginning to climb the career ladder, and thus are still planning ahead for their future at the company. Tailor the Motivation to the Company or Department. What will motivate employees will vary depending on where they are in the company. Use Flexibility as Motivation. Get your free copy. Image via Pixabay.

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Compensation Cafe

JULY 17, 2020

Take another example -- you need to communicate the bad news that mid-year bonuses will not be paid because of business conditions. They may understand why there is no funding for bonuses, but they will still be disappointed. FEEL" was being treated effectively in other ways in the company. Everybody's been working full tilt.

Compensation 52

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Compensation Cafe

FEBRUARY 11, 2020

How consistent is your company's approach? What's the reality in your company -- and do you want to keep it that way? Her firm, re:Think Consulting, provides market pay information and designs base salary structures, incentive plans, career paths and their implementation plans. Why shouldn't an employee call it favoritism?

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Bonuses and Incentives HR Planning Compensation eBook 52

Spark Hire

JANUARY 12, 2017

Regardless of whether your company needs to hire right now or not, those in charge of talent acquisition should always be recruiting in some form or another. Bear in mind that you’re always representing your company, even when you’re technically off the clock. Don’t pigeonhole potential employees. Don’t pigeonhole potential employees.

Video Recruiting 60

Video Recruiting Recruiting Software Recruitment Hiring Software 60

Hppy

SEPTEMBER 7, 2016

No incentives (medical benefits, insurance, pension etc.), A well worded email from a recruiter or company: Ever got a mail from a company that claims to have found your profile on a job portal and now wants to offer you a very lucrative offer, provided you join immediately filling in your personal info and deposit a certain sum of money?

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Bonuses and Incentives Compliance Training eBook Recruitment 70

Compensation Cafe

DECEMBER 10, 2014

You may have already completed performance appraisal discussions, but performance should certainly be part of the discussion when 2014 increases and bonuses are covered with employees. Explaining consistently to all employees, how the budgets have been allocated for merit increases and bonuses. It''s the end of the year.

Bonuses and Incentives 45

Bonuses and Incentives Compensation eBook Performance Management 45

Compensation Cafe

DECEMBER 10, 2018

You may have already completed performance appraisal discussions, but performance should certainly be part of the discussion when 2014 increases and bonuses are covered with employees. Explaining consistently to all employees, how the budgets have been allocated for merit increases and bonuses.

Bonuses and Incentives 51

Bonuses and Incentives Background screening Compensation eBook 51

Compensation Cafe

JULY 19, 2019

Procedural fairness because it can be measured, yet so few companies can pull that sword out of the stone right now. Why is the company interested now? Her firm, re:Think Consulting, provides market pay information and designs base salary structures, incentive plans, career paths and their implementation plans.

Performance Management 45

Performance Management Bonuses and Incentives Compensation eBook 45

Compensation Cafe

MAY 14, 2018

If you're an HR office of one, busily juggling everything from beneficiary forms to incentive awards, it's hard to believe that you share any pressures with other HR managers. By the time a company has 1,000 to 5,000 employees, HR has a lot to go on. The company has one HR practitioner who wears many, many hats.

Compensation 45

Compensation Bonuses and Incentives Background screening Hiring Software 45

Payactiv

DECEMBER 28, 2021

Our eBook serves up the secrets to keeping QSR employees and hiring more in 2022. Workers who are recruited from referral produce 25 percent more profit for their companies than new hires who are recruited the old-fashioned way. Offer a healthy mix of perks, like flexible hours, incentives and competitive, on-demand pay.

Wage and Hour Training 52

Wage and Hour Training Industry Hiring Software Retention and Turnover 52

Payactiv

DECEMBER 28, 2021

Our eBook serves up the secrets to keeping QSR employees and hiring more in 2022. Workers who are recruited from referral produce 25 percent more profit for their companies than new hires who are recruited the old-fashioned way. Offer a healthy mix of perks, like flexible hours, incentives and competitive, on-demand pay.

Wage and Hour Training 52

Wage and Hour Training Industry Hiring Software Retention and Turnover 52

Compensation Cafe

OCTOBER 24, 2019

Here are three tips you can use any time during the year, but most of all during merit increase and incentive award periods. How your company is going to pivot from those objectives in the coming year. Get yourself a champion (or champions). How well the objectives were achieved in the past year and why.

Compensation 58

Compensation Planning Tools eBook HR Software 58

Compensation Cafe

DECEMBER 17, 2019

Competitiveness: "In comparison with those in other companies with jobs similar to mine, I feel my pay is okay.". In a company that is claiming pay transparency -- or moving in that direction -- top-line findings are just not enough. I know what I can do to influence the size of my incentive. Don't overdo it though.

Compensation 52

Compensation eBook Comparison Survey 52