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

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. The value of incentives to motivate employees has been debated for long. But some leaders argue material gifts are a short-term fix only. And it works!

Employee Recognition 172

Employee Recognition Pay Raise Employee Retention Bonuses 172

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. The value of incentives to motivate employees has been debated for long. But some leaders argue material gifts are a short-term fix only. And it works!

Employee Recognition 164

Employee Recognition Pay Raise Employee Retention Bonuses 164

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

Vantage Circle

MAY 12, 2020

Reduce Attrition: Employee Promotion often includes a pay raise which acts as a huge motivation. A survey published shows 35% of employees quitting their job because of no pay raise in a year. A statistic in 2017 showed that lack of career development is one of the key reasons for attrition.

Pay Raise 52

Pay Raise Salary Human Resources Utilities 52

Vantage Circle

MAY 12, 2020

Reduce Attrition: Employee Promotion often includes a pay raise which acts as a huge motivation. A survey published shows 35% of employees quitting their job because of no pay raise in a year. A statistic in 2017 showed that lack of career development is one of the key reasons for attrition.

Pay Raise 52

Pay Raise Salary Human Resources Utilities 52

Vantage Circle

NOVEMBER 28, 2018

A research by Gallup in 2017 showed that 51% of employees are planning to leave their current jobs. Some reasons are lack of recognition, internal office conflicts , lack of pay raise. And, engaged employees are 44% more productive than satisfied employees. Benefit 2: Improves Retention Rates.

Pay Raise 51

Pay Raise Employee Retention Media Salary 51