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Volkswagen Targets €4B in Cost with Wage and Bonus Cuts Amid Economic Pressure

HR Digest

Meanwhile, Volkswagen workers have criticized the carmaker management for not presenting a clear future strategy. These include cut in bonuses for top-tier employees, reducing additional payments for employee anniversaries, and exploring possible closures of some German production sites. The extended-range version will have 500 miles.

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Employee bonus programs: What’s right for your company?

Insperity

Employers usually offer bonuses to employees for a specific purpose (for example, to reward certain behavior or to recognize the achievement of established goals). For employees, bonuses are very popular because they represent an opportunity to earn more money beyond what their salary or hourly rate dictates. How employers benefit.

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Beyond the Trophy: A Gen Z Perspective on R&R

Vantage Circle

As I talk to my seniors and friends, I notice that they can go on and on about how their jobs feel monotonous and while the many cash bonuses or awards they receive are beneficial they still feel as though something is lacking. Exhausted but proud, I presented it to my team. I wondered what this void they felt could be.

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Understanding Service Rewards and Taxation Benefits in the US

Vantage Circle

This document does not serve as an official legal or tax opinion; rather, it presents Vantage Circle's interpretation of the current tax laws about the industry of employee recognition and tenure initiatives. Employee Service Awards Policies: Award must be given in a meaningful presentation without disguising compensation.

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List of A-Z Human Resource (HR) Jargons

HR Lineup

In this article, we present an A-Z list of key HR jargons to help demystify the HR language. Compensation: The financial rewards and benefits that employees receive for their work, including salary, bonuses, commissions, and stock options. HR Glossary from A-Z A.

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What is Employee Voice and Why Is It Important? 

Achievers

Hold periodic company-wide meetings led by top executives in which employees are encouraged to speak their mind and present ideas?. Respond to employee ideas and go full circle, telling each employee when the idea was presented, why it was accepted or rejected, and next steps . Provide transparency?.

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How to Address Gender Pay Gap in the Workplace?

HR Lineup

It is an issue that has been present for decades and continues to persist even in the 21st century. This analysis should include not only base pay but also bonuses, incentives, and benefits. What is Gender Pay Gap & How It is Against Gender Equality Norms?

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