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Dry promotions: Definition, considerations, and guidelines for employers

Business Management Daily

However, some of that excitement is probably due to the pay raise that they expect will come with the promotion. But sometimes employers offer promotions without an increase in pay, a growing phenomenon called dry promotions. They are looking to get more work out of the employee without providing a pay raise.

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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

Definition Of Extrinsic Rewards. The survey also found that 80% of employees would choose additional benefits over a pay raise. Paid Time Off (PTO). Offering paid time off— or PTO— can be a great extrinsic reward for those companies. PTO is any time off that is compensated by an employer.

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Employee Files: What to include, what to leave out, and what’s confidential

Business Management Daily

If so, then you’ll definitely want to have the proper documents on-hand to defend your managers. Besides that, your confidential medical records will let you know if any team members have disabilities that you need to consider when planning and assigning tasks.

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15 Insanely Fun Peer-to-peer Recognition Ideas That Sparks Joy

Vantage Circle

Can Peer Recognition Be As Effective As A Pay Raise? Pay raises are always going to be big reasons why a top talent accepts or leaves a job. Leaving a nice message on the team communication app should not take more than 5 minutes and will definitely put a huge smile on the other person's face.

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