November, 2022

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Employee reward systems: A practical guide

Achievers

Every organization rewards its employees in some way, whether it’s simply through the salary and benefits they receive or the occasional awards ceremony celebrating an anniversary or other milestone. But a paycheck and a plaque aren’t enough to make workers feel valued. That requires incorporating rewards into every part of the employee experience, from business development to wellness initiatives.

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6 types of employee rewards and how to use them

Achievers

What motivates you? Ask 100 employees, and you’ll get 100 unique answers. Maybe it’s the prospect of working on something they’re passionate about. It might be an organizational culture that makes them feel like they really belong. And some simply keep striving for a steady paycheck with the promise of raises, bonuses, and other financial incentives.

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Employee bleisure travel: Set guidelines for a win-win

Business Management Daily

Imagine you’re daydreaming about visiting China when out of the blue, your company asks if you’re available to make a business trip over there. Could it be? Your dream vacation, funded by your job? You excitedly tell them yes as your mind starts racing thinking about what you’ll do over there, but then they interrupt you to mention there’s a catch: the trip starts Monday and ends Thursday, after which point you’ll need to fly back home so you can rest up for the coming week.

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How to engage staff with a total reward offering

Employee Benefits

To engage employees with a reward package , it needs to be clearly communicated, easy to understand and impactful in order to show its true value. The increasing use of personal devices to access benefits means that digital methods are often more effective. Factoring reward package reviews into formal milestones, such as six-month reviews or probation periods, can improve engagement and employees’ awareness of what is on offer.

Finance 111
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The Ultimate Performance Review Checklist

Performance reviews are a proactive way to engage with your employees, provide clear communication about expectations, and acknowledge them for their hard work. But getting the right framework and creating consistency across your organization can be tricky. We put together this checklist to help you evaluate your current performance review process and equip managers with the right tools to perform individual assessments.

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How to support employees who are struggling with their mental health

Employee Benefit News

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Financial Planning During Uncertain Times

Money Talk

There is no question that we are living in very uncertain times (e.g., inflation, stock market volatility) and few things make people more uneasy than uncertainty about the future. What to do? Below are eight suggested strategies to deal with uncertainty: Check Emotional Reactive Responses - People often make poor decisions when they are emotionally stressed.

Finance 353
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Strategic Planning: A 10-Step Planning Process

BetterUp

Jump to section. What is strategic planning? What is strategic plan management? Benefits of robust strategic planning and management. 10 steps in the strategic planning process.

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Employee personnel files — what should and shouldn’t be included

Business Management Daily

As any human resources professional will attest, managing every employee’s employment life cycle involves a good deal of paperwork. Knowing what to keep and the location of each document is vital to easy retrieval and to maintaining compliance with government and industry regulations. Setting up employee personnel files is an important part of the recordkeeping process.

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Employee Benefits free webinar: How important is women’s health at work?

Employee Benefits

A free webinar hosted by Employee Benefits, titled How important is women’s health at work? in association with Peppy, will be broadcast live at 11am on Wednesday 7 December 2022. Employee Benefits’ editor Debbie Lovewell-Tuck will be joined by Sam Blevins, health and wellbeing development manager at John Lewis Partnership, Debra Gardner, head of HR and ESG at LSL Property Services, Francesca Steyn, director of fertility and women’s health at Peppy, and Ellie Vaughan, head of reward and benefits

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Want To Enhance Your Total Rewards To Achieve Organizational Success? Start Here.

Are you looking for ways to enhance your employee value proposition? Gallagher Better Works SM Insights has got you covered! Dive into the latest magazine issue and discover how flexibility, equity, recognition and strategically applied resources can improve your total rewards package. Download the PDF to learn more about: Building retirement benefits for a global and mobile workforce Promoting employee and organizational growth through succession planning Empowering women in leadership through

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3 Ways to Recession-Proof Your Benefits Program

Best Money Moves

3 ways to recession-proof your benefits program. How can your workforce prepare as a recession looms on the horizon? Here are 3 ways to recession-proof your benefits program. . With a potential recession on the horizon, employers must focus on the financial wellbeing of their employees. Thirty-one percent of Americans are unprepared for an economic downturn, according to a report by Bankrate.

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Why Is Work Satisfaction Important in Every Workplace

HR Digest

Research shows that if employees are happy at work, they’ll be more productive, more creative, and more likely to stay with their company for the long term. That’s because happiness at work is linked with job satisfaction, which leads to higher performance for both employees and employers alike. It’s a common fact that employee satisfaction at work is linked to business success.

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Is your employee quiet quitting? Here’s your action plan

Insperity

Quiet quitting is the popular new Great Resignation -era term for an employee who hasn’t quit (yet), but definitely exists on a spectrum of disengagement. As employees become increasingly fed up with some aspect of their job or company, they may withdraw from others and withhold discretionary effort, instead just doing the bare minimum to get by without attracting too much negative attention.

PTO 113
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Bad at Job Interviews? Why and How to Fix It

BetterUp

Jump to section. Good vs. bad interviews: what’s the difference? What not to do during an interview. It doesn’t end with “no”. Keep your chin up.

IT 124
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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Which Caregiving Benefits Do Modern Employers Provide?

TalentCulture - Employee Benefits

What benefits are top-of-mind for organizations that want to attract and retain great talent in today’s challenging talent market? Many are finding it pays to step outside the standard benefits box with creative options that meet diverse employee needs. For example, caregiving benefits are gaining strong momentum. To learn more about this, we asked business […].

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75% of HR professionals see mental wellbeing as key focus for 2023

Employee Benefits

The majority (75%) of HR professionals stated that mental health and wellbeing would be the most important area in which to provide support to staff in 2023, according to research by WorkNest. The research, conducted at the Chartered Institute of Personnel and Development (CIPD) annual conference in November, surveyed 105 respondents who cited the cost-of-living crisis (70%) and retention of staff (69%) as the biggest challenges for 2023.

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ERISA Fee Complaint Dismissed in Pennsylvania District Court, Extending Favorable Trend

Proskauer's Employee Benefits & Executive Compensa

In Krutchen v. Ricoh USA , No. 22-cv-678, 2022 U.S. Dist. LEXIS 206792 (E.D. Pa. Nov. 15, 2022), a Pennsylvania district court dismissed an ERISA excessive fee complaint for failing to provide enough information about alleged comparator plans that allegedly paid less for recordkeeping services. The decision is notable for delivering defendants a victory in the Third Circuit, which previously allowed excessive recordkeeping claims to survive dismissal in Sweda v.

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How to Build Right Workplace Culture for Remote Employees

HR Digest

What makes a great virtual team? If you’re asking that, chances are you’re not getting the answer you want. Building the right workplace culture for remote employees can be a challenge. A lot of people think the secret to building a great remote team is to put people together and hope for the best. It’s true that some teams do better than others, but it’s not always clear why.

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An HR Leaders Guide: 7 Questions To Ask When Developing Your Cancer Strategy

As HR and Benefits leaders are in the midst of evaluating cancer care solutions and designing their requirements for vendors, it’s key to know what questions to ask to ensure the development of a truly comprehensive strategy: from prevention to diagnosis to treatment to survivorship. Getting to the right answers starts with asking the right questions: How can better access improve engagement?

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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

Imagine. What would happen if your employees knew that behind every great job they do, there is a tangible reward waiting for them at the end of it? Deadlines would be met sooner, people would be more motivated, and productivity would skyrocket. And that precisely explains the power that extrinsic rewards hold. Definition Of Extrinsic Rewards. Extrinsic rewards are a type of incentive that motivates people by rewarding them with something tangible — such as praise, fame, or money —

PTO 105
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Learning How To Improve Emotional Maturity

BetterUp

Jump to section. What is emotional maturity? Signs of emotional immaturity. Factors that contribute to emotional immaturity. How to improve emotional maturity. Growing toward emotional maturity.

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Online Leave Management System: 7 Ways Leave Management Software Helps New And Existing Employees

Qandle

Using email, physical documents, and electronic spreadsheets leaves human resources open to errors. Payroll processing mistakes, a lack of resources, and regulatory noncompliance are all examples. Periodically measuring, monitoring, and managing workers’ leaves is a tedious task that cannot be simplified by using even Google Forms. Therefore, understanding the merits of a web-based leave management system is crucial.

Software 105
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World Cup fever: 47% intend to phone in sick for football

Employee Benefits

Something for the weekend: Almost half (47%) of England and Wales supporters intend to pull a sicky to watch their nation play at this year’s football World Cup. Bookmaker Paddy Power partnered with Research Without Barriers to survey 2,002 football fans from England and Wales. The research found that 46% admitted they plan to skive off work at some point during the tournament, due to three of the daily kick-off times clashing with the nine to five working day.

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6 Steps to a Better Compensation Strategy

Compensation is one of your biggest expenses as a business, but it is also your biggest investment in your people and your culture. A great compensation strategy can be an incredible asset that supports your business goals and lays a foundation of trust between your company and your employees. Whether you already have a compensation strategy in place or you’re building one from scratch, this guide will help you level up your approach through these 6 steps: 1.

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3 Ways to Support Divorced Employees at Work

Best Money Moves

3 Ways to support divorced employees at work. Divorce is a common but often overlooked strain on your workforce. Here are 3 ways to support the divorced employees on your team. . The saying that, “half of all marriages end in divorce,” still holds true, according to data from the CDC. But despite the number of divorced employees in the workforce, employers are often unaware of how badly divorce can affect productivity and employee wellness.

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7 Signs You Are an Empathic Leader

HR Digest

Empathy is a must-have for any leader who wishes to excel in their leadership role. Anybody can fall under this category and have this skill within them. However, there are some tips and tricks of an empathic leader if you wish to be one. In this article, we explain what empathetic leadership looks like and some of the tips and tricks of an empathic leader.

IT 105
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A Must-Have Checklist For Your New Year’s Corporate Party

Vantage Circle

The countdown to the New Year has finally begun, and you would agree that there’s one thing that is more important than everything else. And that one thing is partying your way into the New Year. In this blog, we have curated a must-have checklist for your new year’s corporate party. Let’s dive in! Read our blog on: 16 Best Office Party Ideas That are(actually) Out of the Box.

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Characteristics of a Determined Person: How to Develop

BetterUp

Jump to section. What makes a person determined? The importance of determination in your life. Main traits of a determined person. How to become a determined person. Becoming a determined person.

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Bridging the Gap: The Intersection of DEI Initiatives and Employee Benefits

Speaker: Jaye Johnson, CBP

Unlock the secrets to transforming your organization’s employee benefits into a strategic tool for Diversity, Equity, and Inclusion (DEI). During this informative session, we will discuss common pitfalls in traditional benefits and then delve into the essence of DEI in employee-centric benefit offerings. This involves not only defining DEI in the workplace but also understanding the pivotal role that employee benefits play in fostering a diverse and inclusive environment.