A positive employee experience makes people both less likely to leave their current job and more likely to go the extra mile for their employers. And recognition and rewards programs are certainly one way to create a better work environment. What are the most effective practices for employers who are thinking of rolling out or […]
Category: Pay for Performance
This topic explores the idea that employees should get pay raises and bonuses based on their performance.
When James Brewer stepped into his role as U.S. Director of Reward and Recognition at pharmaceutical company Eli Lilly in 2011, it was going through a transformation. He was tasked with coming up with a new incentive plan for employees—particularly its sales reps—that aligned with the company’s new corporate strategy, Brewer explained to an audience at […]
When performance management is mentioned, people often think of the employee performance appraisal or review, however, performance management involves so much more. Properly constructed appraisals should represent a summary of an ongoing, year-round dialogue. Focusing only on an annual appraisal form leads to misunderstanding and a lack of appreciation for the benefits of performance management.
by Richard Berger, Cammack LaRhette Consulting It seems as if everybody is freezing their pension plans. If your defined benefit (DB) plan is desirable, how can you make it manageable for the long haul and avoid a freeze? What Has Driven Employers to Freeze? Employers have been freezing their pension plans for two main reasons, […]