Recognition & Rewards

Great Resignation equals great time to create a compensation strategy

09/29/2022

Low pay is the top reason employees are leaving companies in record numbers, according to a 2021 Pew Research Center survey. But close behind is the lack of opportunities for advancement. What if you could implement a compensation strategy to address both issues? It’s a win-win.

Small employer alternatives to substantial wage increases

09/28/2022

When employees consider new job offers, they typically compare the total compensation packages. Make the comparison easy by providing a clear summary of total compensation, including all benefits. If the bottom-line number needs to be higher, think creatively about new or enhanced benefits.

Offer inflation bonuses to retain employees

08/30/2022

Like covid-19 bonuses that employers paid to retain front-line workers during the height of the pandemic, making one-time bonus payments to offset higher costs of living can help keep workers from leaving for other jobs.

Snapshot: Which workers will get better benefits in 2023?

08/23/2022

Employers say recruiting and retention challenges will prompt them to enhance benefits for line workers next year.

Survey: HR pros concerned about effects of inflation

07/14/2022

Inflation and its effect on employees and their organizations’ compensation strategies is a significant concern for 73% of HR professionals polled earlier this month by the Society for Human Resource Management.

Snapshot: Why workers will ask for raises this year

04/12/2022

Nearly two-thirds of employees—62%—plan to ask for a raise this year.

How (and how often) do your bosses say ‘Thank you’?

03/24/2022

The record quit rates of the past year have many employers reviewing how well they show their employees appreciation for good work.

Snapshot: Most baby boomers want semi-retirement

03/08/2022

Most working baby boomers say they don’t want to fully retire. Here’s what they want instead.

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.

More bonuses this year, but probably worth less

12/01/2020

Eighty-one percent of employers reported they would offer at least some employees a bonus or holiday gift this year.