HR Digest

MAY 19, 2021

This isn’t the first time the American multinational investment bank and financial services has raised wages. In 2017, BoA raised its minimum wage to $15 an hour. Two years later, it announced it will pay $20 an hour over the next two years. BoA achieved that goal in 2020 – a year earlier than expected.

401(k) 52

401(k) Banking Employment Parental Leave 52

Patriot Software

JANUARY 30, 2019

Examine pay raise alternatives. If you can’t afford a pay raise but want to show a deserving employee you value their work, you have options. Consider offering a pay raise alternative, like a bonus, more paid time off , or flexible scheduling. Many employers opt for paying bonuses to employees over raises.

Pay Raise 46

Pay Raise Salary Bonuses Payroll 46

Achievers

FEBRUARY 6, 2018

Still, money can be effective to express appreciation: a survey by Harris Interactive and Glassdoor revealed that 75% of employees consider a pay raise as a form of appreciation. Achievers’ platform is a good example of alternatives to cash bonuses. The value of incentives to motivate employees has been debated for long.

Employee Recognition 174

Employee Recognition Pay Raise Employee Retention Bonuses 174

Achievers

FEBRUARY 6, 2018

Still, money can be effective to express appreciation: a survey by Harris Interactive and Glassdoor revealed that 75% of employees consider a pay raise as a form of appreciation. Achievers’ platform is a good example of alternatives to cash bonuses. The value of incentives to motivate employees has been debated for long.

Employee Recognition 165

Employee Recognition Pay Raise Employee Retention Bonuses 165