Tag: bonuses

BLR’s 2017–2018 Pay Budget and Variable Pay Survey

How much of an increase in pay are your employees receiving in 2017? What level of pay raise is your organization projecting for 2018? 2017 Merit Increases This year’s BLR®—Business & Legal Resources Pay Budget and Variable Pay Survey is practically a replay of last year’s survey, with 18.6% (up from 17.9% last year and […]

You Are Killing Your Own Employee Referral Program

By Kara Yarnot, Executive Consultant and Strategy Practice Leader, HireClix For many companies, employee referral hires prove to be top quality hires. Research shows that referral hires assimilate more quickly, have greater engagement, and stay at the company longer than non-referral hires.  In general, referral hires tend to be among the best hires a company […]

Performance Review Alternatives

Performance reviews are often dreaded by employers and employees alike. Managers put them off. Employees get frustrated. Holding only one major meeting about employee performance each year could even mean you’re missing out on valuable opportunities to help your employees perform better all year long.

SHRM 2017: Mykkah Herner and Pay Incentives

This week, the HR Daily Advisor’s editorial staff is attending SHRM’s 2017 Annual Conference & Exposition at the Earnest N. Morial Convention Center in New Orleans. Today I attended a session by Mykkah Herner, the Compensation Evangelist at Payscale, entitled Effective Incentive Plan Design. The focus of his talk was on variable pay plans and […]

Missouri

Court Holds Missouri TV Station to Oral Agreement Despite Unclear Bonus Terms

In Missouri, it has long been settled that for a contract to be valid and enforceable, the essential terms must be definite and mutually agreed upon by both contracting parties. Without certainty in the crucial terms, there can be no mutual understanding between the parties and, therefore, no valid contract. However, a recent decision from […]

New York

Pay Me: New York Real Estate Company Uses Its Handbook as A Shield Against Liability

Employee handbooks are recommended for several reasons, including that they set forth key company policies. Well-written handbook policies state how compensation will be addressed and who has the power to bind the company. In a recent case, the Appellate Division, 1st Department, held that a company’s handbook was enough to defeat an employee’s claim to compensation based on oral promises.

Small Businesses Are Feeling Charitable This Year—Employees Reap the Benefits

More than 60% of small business owners will offer a holiday or year-end bonus to employees this year, according to the most recent SurePayroll Small Business Scorecard®. It’s a spike from 2 years ago when SurePayroll surveyed business owners about bonuses, and only 52% were providing additional pay. This year, 64% will give a bonus. […]

commission

How Executive Compensation is Different from Other Compensation

When setting employee pay, there are a lot of things to consider. Perhaps nowhere is this more evident than with executive-level pay considerations. Executive compensation differs quite a lot from other forms of compensation, and the thought process that goes into setting it must differ accordingly. Executive-level employees, just like other employees, are motivated in […]