01/10/2012
The average pay raise will be modest this year—around 3%, according to employer surveys. By contrast, raises averaged about 4% from 2005 to 2008, just before the economy tanked. Here are a dozen pay trends to consider as your organization weighs how to structure compensation in an age of diminished expectations.
|
01/09/2012
Slower economies tend to reduce employers’ incentives to say “thank you,” either with pay, perks or actions. Still, a 3% dip in the percentage of companies using recognition programs since 2008 doesn’t suggest a permanent decline, according to a survey by WorldatWork. Eight tips to create a recognition program that drives performance:
|
12/22/2011
American Airlines recognizes employees at five airports each quarter to promote friendly competition for better customer service. “Customer Cup” awards are categorized by market size, from largest to smallest stations according to flight activity.
|
12/13/2011
Employee recognition programs aren’t quite as popular as they once were, but the 86% of businesses that use them find that rewards and incentives can still spur sales, improve retention and employee loyalty, and raise productivity during an era of slim pay raises and uncertain bonuses.
|
12/01/2011
The action figures adorning the desks of employees at Arlington, Va.-based Decision Lens aren’t of ordinary superheroes. They’re of the employees themselves. That’s one of the rewards the employees can earn for their hard work.
|
11/29/2011
Maybe the economy is rebounding! Seventy percent say they’ll have catered holiday parties in 2011!
|
11/20/2011
Almost 90% of businesses use rewards and incentives to spur sales, improve retention and employee loyalty, and raise productivity during an era of slim pay raises and uncertain bonuses. If you’re starting or updating a rewards, incentive or recognition program, consider these 10 tips.
|
11/10/2011
Conventional wisdom says that paying employees well goes a long way toward making them feel like they’re treated fairly. Not necessarily. Employees don’t consider pay or salary increases as the top factor in determining whether they are rewarded fairly, according to a new study.
|
10/08/2011
The holidays are special, but they're also an HR headache. Our early gift to you: Advice on everything from planning seasonal celebrations to handling end-of-year scheduling hassles.
|
08/11/2011
While salary budgets are up this year—merit raises are running near 3.0% compared with 2.7% in 2010—some still-skittish employers are more likely to dole out title raises rather than extra cash. The danger: Organizations may give gratuitous no-pay promotions instead of using the practice as a selective reward and retention strategy.
|
08/02/2011
Pay-for-performance is effective only when managers spell out for each employee exactly what he or she must do to get paid more or reap perks like flexible scheduling. In reality, too few managers do that. They need to know supervision is a two-way street. Solution: Sometimes employees must “manage the boss.”
|
07/22/2011
Among the 120,000 employees at Sodexho USA are a handful of “Heroes of Everyday Life.” That’s what the food and facilities management services company calls its employees who work to fight hunger in their local communities.
|
06/16/2011
Is your organization a “great place” to work? Every year, the employers that are bestowed that title seem to consistently include companies that provide creative HR practices in areas such as perks, benefits and worker management. Some of the leading ideas:
|
05/31/2011
At HHA Services in St. Clair Shores, Mich., managers go all-out to reward high-performing employees with a fancy banquet at a local country club. In fact, they’ve never missed the chance to say thanks in 21 years, even during the recession.
|
05/17/2011
In lean times, managers sometimes need employees to go above and beyond their normal duties. Don't beg and plead for volunteers to step up. Instead, offer three kinds of rewards to persuade employees to give of themselves for the greater good of the organization.
|