Reward (Recognition) and Incentive Programs
Reward (Recognition) and Incentive Programs News, Articles, Blogs, Webinars, White Papers & Events. Human Resources Management featuring HR news on Reward (Recognition) and Incentive Programs.
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Employees Increasingly Are Asking Bosses to Show Them the Money
For many workers, perks are now no longer enough. Recently, ‘it has been all about the base wage or salary,' a Buck Consultants principal says.
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Insurance Firm CEO Turns Down Year-End Bonus
Hartford's Liam McGee had come under fire this year from the president of hedge fund manager Paulson & Co. and Hartford's largest single stockholder, who urged Hartford to break up the company in order to boost shareholder value.
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Prepaid Gift Cards Offer the Benefit of Found Money
To reward their workers, nearly half of HR executives are using prepaid gift or credit cards as part of incentive programs and wellness initiatives.
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Chrysler Rolling Out Bonuses
Chrysler Group hourly and salaried workers will receive profit-sharing and performance bonuses on Feb. 10, just nine days after the automaker reported a $183 million profit for 2011.
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How Should We Address the Interrelated Issues of Pay, Career Growth and Work Flow?
The results from our employee survey identified three areas of concern: rewards and recognition, career advancement, and work organization/work flow. Employees are not satisfied that their pay is equal to their workload, and also complain about a lack of advancement opportunities. The issue of poor
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Dear Workforce: How Could Our Not-for-Profit Boost Retention Even Though We Can't Compete on Salaries?
Retaining top talent is emerging as a big issue, but our organization can't rely solely on increasing salaries and bonuses to keep our best people. For one thing, our competitors are often larger and can offer more money. What steps could our not-for-profit take to increase the odds of retention?
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Dear Workforce How Do We Get People to Focus on Details?
How can I encourage or motivate my staff to pay attention to detail—without it sounding like a threat, order or demand? Or alternatively, is that the best way to quickly establish control in this matter? -They Misunderstand Me, manager, health care, location undisclosed
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Dear Workforce How Has the Recession Affected the Types of Benefits That Organizations Are Providing to Employees?
Far from disappearing in a post-recession economy, benefit and reward programs remain an important component of human capital strategies. But companies have to be more creative to hold the line on costs without risking employee retention and engagement.
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A Bad Place to Be: In Denial About What Workers Want
Employers are burying their heads in the sand on job security and work stress—at their own peril.
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Avoid Culture Shock When Rewarding International Employees
When properly executed, employee recognition programs and rewards can go a long way in inspiring employees, especially during difficult economic times.
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Special Report on Rewards & Recognition Getting Personal
With budgets remaining tight, more employers are focusing on nonfinancial rewards and customizing recognition at the local level to motivate and retain top performers.
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Top Performers Look for a Little Love Outside of Pay
Rewarding employees goes beyond pay and benefits, especially in a tight economy where pay raises are still averaging 3 percent. 'Rewarder' companies, which are repairing cultures and striving to enhance cooperation at all levels, are outpacing their competition when it comes to engaging the ...
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On Recognition, Multinationals Think Globally
Companies with operations scattered around the world believe centralized reward plans reach more people and their value can be assessed more easily. Multinationals also reap financial benefits from a global approach, says one executive.
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Dear Workforce How Should We Recognize Team Goals Over Individuals?
You could keep your individual recognition program if it is working well and add a team recognition option. If you do increase your reliance on team recognition, remember to acknowledge individual team members for special efforts or accomplishments.
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A Cure for the 'Been There, Done That' Syndrome
Children's Hospital of Orange County in California rolls out another in a long line of initiatives to change employee culture. Will persistence pay off this time around?
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Post-Recession Incentives Kudos vs. Cash
In the book Drive: The Surprising Truth About What Motivates Us , author Daniel H. Pink asserts that financial rewards motivate people only when tasks are routine.
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Employers Turn to Creative Strategies to Reward Employees
As salaries slowly stabilize, employers are still seeking creative methods for rewarding employees. Noncash compensation and variable pay programs are on the rise and may be part of a new model for attracting and retaining employees.
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Dear Workforce How Can We Use Cash With Other Incentives to Drive Retention
You first must address this key question: Why are employees leaving in the first place?
