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Incentive Pay

Counter ‘Big Quit’ with counteroffer strategy

07/28/2022
Surprisingly, more than 90% of organizations don’t have a policy or strategy on how (or whether) to propose counteroffers, according to Tom McMullen, senior partner at consulting firm Korn Ferry.

Merit increases, bonuses got big bumps last year

02/22/2022
Faced with a persistently competitive labor market, 52% of organizations participating in Salary.com’s Annual Pay Practices and Compensation Strategy Survey said they increased funding for merit increases in 2021. This is a significant jump from the 19% of organizations that did so in 2020.

Education perks become a key retention tool

08/13/2021
Employers aren’t just struggling to attract new workers; they’re scrambling to retain current employees, too. Enter the education benefit wars. Large employers are betting that paying employee tuition will be a key retention tool.

Beware choosing wrong vaccine incentive

07/20/2021
Forcing all employees to be vaccinated presents significant legal risks, and most employment law attorneys recommend against it. A popular work-around has been to encourage vaccinations by offering incentives to employees. That can help. But the incentive offered matters. Here’s what works and what can get you in trouble.

EEOC: OK to require employees to be vaccinated against covid-19

06/01/2021
Federal equal employment opportunity laws do not prevent an employer from requiring all employees physically entering the workplace to be vaccinated for covid-19, according to new guidance issued by the EEOC on May 28. However, employers must comply with the reasonable accommodation provisions of the ADA and Title VII.

Labor crunch: Lure applicants with higher pay

05/27/2021
The post-pandemic economy is showing signs of a solid recovery. Businesses that sell goods and services are gearing up to satisfy pent-up demand. But first they need to hire staff, and that is proving to be a challenge, even as the unemployment rate continued to hover around 6.1% in April.

Your vaccination decisions: 5 key issues to consider

04/15/2021
You should absolutely formalize your decisions in a written vaccination policy that you provide to each employee, so that everyone is on the same page as to your requirements and expectations. Here are the five key considerations that should be front of mind.

Vaccine incentives: Maybe legal, maybe not

03/04/2021
Some employers have begun offering incentives for employees to get the covid-19 vaccination. At first glance, that sounds like a great idea. However, there are legal complications that may not be obvious.

EEOC withdraws proposed rule on wellness program incentives

03/02/2021
Remember back in January when the EEOC issued a proposed rule that would have strictly limited the kinds of incentives employers could offer to encourage employees to participate in wellness programs? Never mind.

Offering incentives to get the vaccine? Tread carefully

02/19/2021
If you are considering offering a financial incentive, I caution you to tread carefully to make sure that you do you within the bounds of our equal employment opportunity laws.