article thumbnail

How To Design An Effective Spot Bonus Program?

Vantage Circle

Although there are innumerable ways of rewarding your employees, rewards like spot bonuses undoubtedly win it. Unlike traditional performance-based bonuses typically tied to annual or quarterly reviews, spot bonuses can be awarded anytime. Hands down! Spot Bonus- What is it? Why Give Spot Bonus to Employees?

Bonuses 105
article thumbnail

Search Intelligence pledges to pay employees’ winter utility bills

Employee Benefits

Digital PR agency Search Intelligence has committed to pay its 50 employees a monthly bonus during the winter months, with the aim of easing the pressure of rising utility bills. The post Search Intelligence pledges to pay employees’ winter utility bills appeared first on Employee Benefits.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Chief execs got average bonus of ÂŁ172,897 in 2021

Employee Benefits

In the chemicals; utilities; food and drink; and transport industries, the proportion of employees with bonuses increased significantly, although the value remained largely unchanged. Employees in Scotland and Wales had significantly lower average bonuses of approximately ÂŁ1,500.

Bonuses 59
article thumbnail

Cost of Living Bonuses for Employees in the UK: What Employers Need to Know

Empuls

What exactly are these bonuses, and how do they play a pivotal role in the lives of UK employees? In this blog you’ll learn about the intricacies of cost of living bonuses, understanding their significance, and uncovering the key factors that shape them. But before getting started let's uncover the basics.

Bonuses 40
article thumbnail

Cadent reports 7.89% mean gender pay gap for 2023

Employee Benefits

Martin Rimmer, chief people officer at Cadent, said: “The executive team and I are focused on challenging the status quo and working hard to break the mould of the traditional utilities sector. In 2023, 89.79% of males and 82.26% of females received a bonus. A total of 91.2%

Bonuses 59
article thumbnail

7 strategies for a successful total rewards program

Insperity

Incentivize through bonuses Another popular reward among job candidates is offering variable pay above the base salary, otherwise known as bonuses, incentives or commission. Typically, they are broken down as follows: Compensation: Compensation refers to the total remuneration offered by an organization.

article thumbnail

Financial Aspects of “Unretirement”

Money Talk

a high demand for workers (sometimes coupled with increased pay, signing bonuses, and/or remote-work flexibility) 2. food, gas, utilities, housing, etc.) One study found 1 in 5 retirees were likely to start working again soon. Factors contributing to this trend include: 1. high inflation that increased living expenses 4.