PeopleKeep

APRIL 5, 2023

You can recognize an employee's extra effort or specific accomplishments with a spot bonus. Unlike annual bonuses, spot bonuses are given "on the spot" to reward an employee for a particular action or behavior. A promotion or bump in salary isn't your only option to show appreciation.

Bonuses 97

Bonuses Salary Employee Benefits 97

Take It Personel-ly

DECEMBER 16, 2020

It’s that time of year again when office workers everywhere put on their ugliest sweaters and gather around for Christmas parties with coworkers, eggnog in the conference room and that highly anticipated bonus check. However, the most valuable members of your team deserve something more personal in addition to their annual holiday bonus.

Bonuses 276

Bonuses Human Resources Employee Retention IT 276

Sodexo Engage

MARCH 30, 2022

Summary: Do all good employers reward employees with bonuses? How do benefits help employees? What are the advantages to your business of providing employee benefits? Employee Bonus Alternatives: Are Benefits a Viable Alternative to Cash? What cash bonus alternatives are there?

Bonuses 98

Bonuses Employee Benefits Employment 98

Employee Benefits

MARCH 10, 2022

The John Lewis Partnership is to pay employees a 3% bonus, as well as committing to pay the voluntary living wage and implementing a wider pay rise. The post John Lewis Partnership to pay 3% bonus and increase staff pay appeared first on Employee Benefits.

Bonuses 102

Bonuses Retail Salary Employee Benefits 102

Employee Benefits

OCTOBER 27, 2023

This is the question that has arisen this week following the Financial Conduct Authority’s (FCA) announcement that the cap on bankers’ bonuses will be scrapped from 31 October. This has resulted in many employees receiving a more reliable income. Will we see a move back to the former model of higher bonuses, but lower basic salaries?

Bonuses 105

Bonuses Banking Salary Consulting 105

Employee Benefit News

NOVEMBER 6, 2023

A transparent fee-based compensation, plus a percentage-of-savings bonus, will motivate advisers to bring cost and quality goals to fruition.

Healthcare 289

Healthcare Bonuses Employee Benefits 289

Employee Benefits

JANUARY 19, 2024

One-third (33%) of UK employers are planning on increasing salaries and bonuses at the start of this year, according to research by job website Totaljobs. The post 33% of UK employers plan on increasing salaries and bonuses in 2024 appeared first on Employee Benefits.

Bonuses 105

Bonuses Salary Employment Recruitment 105

Employee Benefits

JANUARY 4, 2024

That is all well and good, but we do still base our bonuses on performance and without ratings, we are rather making it up as we go along. Worse, we had no way to analyse the bonuses given out, other than against target. With bonus and pension related to pay also, the impact is compounded. Well, not exactly anyway.

Bonuses 105

Bonuses Management Pension Salary 105

Darwinbox

FEBRUARY 7, 2022

Employee bonuses are the most intuitive and quick way to show appreciation for work and reward employees for their efforts. It is also a way to keep the workforce engaged, motivated, and goal-driven.

Bonuses 98

Bonuses Employee Benefits IT 98

PeopleKeep

MARCH 29, 2021

However, for small employers, offering competitive employee benefits can seem like a balancing act between keeping employees happy and managing the costs associated with offering insurance—not to mention other expected perks like retirement savings accounts, paid time off, bonuses, and more.

Employee Benefits 105

Employee Benefits Human Resources Bonuses Healthcare 105

International Foundation of Employee Benefit Plans

NOVEMBER 21, 2023

Benefits Magazine Extras articles provide you with bonus content on a mix of benefits topics as well as deep dives and analyses on the latest benefit trends and compliance issues. Visit ifebp.org/benefitsmagazine to see the latest Benefits Magazine Extras as well as the bimonthly print edition.

Employee Benefits 107

Employee Benefits Bonuses Employment Healthcare 107

Employee Benefits

MARCH 10, 2023

Retention rates are at a low, with 65% of employees thinking that they can find a better position elsewhere. A great way to improve retention rates is through offering great employee benefits. Benefits, including fringe benefits and flexible benefits, provide an employee an extra reason to stay within a company.

Employee Benefits 104

Employee Benefits Health and Welfare Health Insurance Work From Home 104

CorpStrat

JULY 20, 2022

A thorough employee benefit review is critical for every company, but particularly those that are considering entering and preparing for any M&A activity. Here’s a quick hit list of issues that should be reviewed and addressed: Have you benchmarked your Employee Benefits package against companies of similar size in your industry?

Employee Benefits 98

Employee Benefits Benefits Package Executive Compensation PTO 98

Achievers

OCTOBER 6, 2016

Incentive Magazine revealed employee benefits are more valuable than ever – according to MetLife’s 10th annual study of employee benefits trends, there is a strong relationship between satisfaction with benefits and overall job satisfaction.

Food 221

Food Bonuses Employee Recognition Medical 221

Employee Benefits

FEBRUARY 9, 2024

The post 2Gether Support Solutions staff awarded Covid bonus payment appeared first on Employee Benefits. Unite is currently in dispute with Barts NHS Trust and outsourcing firms Synergy and Mitie regarding a lump sum payment for their lowest paid staff.

Bonuses 83

Bonuses Hospitality Employee Benefits Employment 83

HR Lineup

FEBRUARY 1, 2024

Variable Pay: Performance-Based Incentives Variable pay, also known as performance-based pay, includes bonuses, commissions, and profit-sharing plans. This type of compensation is directly tied to an employee’s individual or team performance and is designed to reward outstanding contributions.

Bonuses 223

Bonuses Commissions Salary Overtime 223

Employee Benefits

SEPTEMBER 12, 2024

Wholesaler Parfetts has awarded its employees a 12% profit share bonus following a record year for turnover. The employee-owned business operates depots in Aintree, Anfield, Birmingham, Halifax, Middlesbrough, Sheffield, Sommercoates and Stockport. All qualifying employees will receive the bonus in October.

Bonuses 59

Bonuses Retail Employee Benefits Management 59

Employee Benefits

JANUARY 4, 2022

Pay is one way but employee benefits and reward packages are another major focus. Flexible working, mental health and social value are all in demand but some are questioning the use of more ‘gimmicky’ benefits. This is putting pressure on employers to re-evaluate the entire package they offer employees.

Employee Benefits 105

Employee Benefits Pension Consulting Parental Leave 105

Employee Benefits

AUGUST 9, 2024

Banking organisation Barclays has removed a European Union (EU) imposed cap on bonuses for some of its bankers and traders. It will allow us greater flexibility to differentiate individual bonuses within a small and defined group of employees, enabling Barclays to continue to compete effectively to retain and attract the best talent globally.”

Bonuses 59

Bonuses Banking Salary Employee Benefits 59

HR Digest

MARCH 12, 2025

In an era of rising healthcare costs, these benefits are non-negotiable for many workers. 401(k) matching), stock options, or performance bonuses. These examples tie employee success to company growth, fostering loyalty. A 2024 Deloitte study found companies with robust benefits packages saw 25% lower attrition rates.

401(k) 72

401(k) Health Insurance Taxes Retirement Plan 72

Employee Benefits

JUNE 6, 2024

US-based supermarket chain Walmart has launched a new bonus payment for eligible full and part-time hourly paid store-based employees. Hourly paid employees are eligible for the bonus after a year’s service in the role. The bonus is intended to reward great work and customer service, and celebrate long-term employees.

Bonuses 59

Bonuses 401(k) Pension Healthcare 59

Employee Benefits

AUGUST 2, 2024

It turns out that some of them don’t just come home with medals, but with special bonuses as well! According to a July 2024 report by Forbes, two of the countries that award the biggest medal bonuses are Hong Kong and Israel. These sound like great incentives and rewards to us at Employee Benefits!

Bonuses 59

Bonuses Employee Benefits IT 59

HR Lineup

SEPTEMBER 23, 2021

One of the ways to achieve employee satisfaction is by designing an effective compensation plan that provides fair salaries and other pay programs like bonuses, commissions, equity, and more. Therefore, you must ensure that they are comfortable to have an increased retention rate and achieve organizational objectives.

Software 245

Software Management Human Resources Compensation System 245

Employee Benefits

JUNE 21, 2024

Warhammer figurine maker Games Workshop has awarded more than £18 million in bonus cash payments to its employees after it reported a strong year of sales and profits. The post Games Workshop awards employees bonus payment appeared first on Employee Benefits. This led to a £7.5 million bonus pool compared to £4.5

Bonuses 52

Bonuses Taxes Employee Benefits Employment 52

Employee Benefits

FEBRUARY 13, 2024

Credit: Maddie Red/Shutterstock Luxury fashion brand Hermès has announced that it will award all employees a €4,000 bonus in respect of its successful work in 2023. It follows a bonus of similar value in 2023, and the announcement in July that its sixth free share plan will enable all employees to become shareholders.

Bonuses 59

Bonuses Employee Benefits Employment IT 59

HR Lineup

APRIL 23, 2024

Financial Incentives Financial considerations, such as competitive salaries, benefits, and incentives, may also play a role in attracting boomerang employees back to their former employer. Additionally, companies may offer signing bonuses or retention bonuses to entice returning employees.

Bonuses 245

Bonuses Salary Employee Loyalty Employee Retention 245

Employee Benefits

MARCH 7, 2024

million bonus among some of its employees after posting a record annual profit. A total of 25,000 employees out of 32,000 across the UK will receive a bonus in their pay packets at the end of March as a result of a 27% increase in profit to £188 million. million bonus among staff appeared first on Employee Benefits.

Bonuses 59

Bonuses Pension Benefit Manufacturing Pension 59

Employee Benefits

JANUARY 25, 2024

Jewellry brand Pandora has awarded its 2,600 retail employees across UK and Ireland a one-off bonus , following its 2023 financial results. The organisation will pay out bonus payments starting at £100, which will increase depending on employees’ roles. The bonus is in addition to their existing monthly sales incentive programme.

Retail 59

Retail Bonuses Hospitality Salary 59

Empuls

SEPTEMBER 20, 2024

Employee incentives that work are essential for boosting motivation, engagement, and productivity within an organization. An employee incentive is a reward or benefit offered to employees to encourage higher levels of performance, engagement, and satisfaction within an organization. and $10.51 per hour, respectively.

Employee Incentives 52

Employee Incentives Profit Sharing Plan Bonuses Salary 52

Bayzat

OCTOBER 31, 2024

Performance-Based and Incentives In addition to a base salary, many organizations in the UAE also offer incentives and bonuses as part of their compensation packages. Profit-sharing schemes are more common in private companies, allowing employees to share in the company’s financial success. entry-level, mid-career, executives).

Salary 52

Salary Bonuses Commissions Benefits Package 52

Business Management Daily

AUGUST 12, 2024

Compensation Of course, most of us work primarily to get paid, so compensation is a critical component of an employee value proposition. Compensation includes the employee’s hourly wage or salary, along with added forms of payment like commissions or bonuses.

Salary 105

Salary Retirement Plan Employee Stock Option Parental Leave 105

Qandle

FEBRUARY 16, 2025

Enterprise Compensation Management (ECM) refers to the strategies and tools that organizations use to design, manage, and administer compensation and benefits for their employees. It encompasses all forms of monetary rewards, such as salaries, bonuses, commissions, and benefits like health insurance, retirement plans , and perks.

Management 52

Management Equity Compensation Bonuses Salary 52

McDermott Will & Emery Employee Benefits

NOVEMBER 28, 2023

A Medicare program designed to incentivize high-quality care via physician bonuses is in doubt as providers say it’s caused more trouble than it’s worth. The post Doctors Question Medicare Quality Program as More Face Steeper Penalties appeared first on EMPLOYEE BENEFITS BLOG. Access the article. Access the article.

Bonuses 105

Bonuses Employee Benefits Health and Welfare IT 105

HR Lineup

MARCH 21, 2022

Consider Bonuses. Bonuses are among the employee benefits to consider. By offering this, not only will it contribute to employee retention , but they will stay motivated to give their best. Then, of course, you should execute your end part of the bargain by increasing their paycheck.

Bonuses 246

Bonuses Employee Retention Employment Employee Benefits 246

Employee Benefits

DECEMBER 16, 2021

The research also suggested that retention bonuses may be used as a tactic to retain staff, as 28% already have this in place, 4% are implementing it in the next 12 months and 45% would consider it. More than a third (34%) said they would consider using bonuses above the market rate. . Leaders must ensure these pledges are not empty.”

Bonuses 119

Bonuses Recruitment Government Employee Benefits 119

Employee Benefits

FEBRUARY 21, 2024

of male employees received a bonus that year. Barclays’ mean ethnicity pay gap for Asian employees was -2.8%, down 3.3 Its median ethnicity pay gap for Asian employees was -8.8% The organisation’s 2023 mean ethnicity bonus gap for Asian employees was -3.7%, down 1.2 of Black employees received a bonus last year.

Bonuses 110

Bonuses Banking Employee Benefits IT 110

Employee Benefits

MARCH 12, 2024

of white employees and 9.3% of its white employees received a bonus that year, compared to 93.4% We are determined to make BAE Systems a place where all our employees can achieve their full potential.” mean gender pay gap for 2023 appeared first on Employee Benefits. Its 2023 lower pay quartile comprised 68.5%

Bonuses 102

Bonuses Human Resources Employee Benefits IT 102