Reward (Recognition) and Incentive Programs
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Workforce Game Changers Call for More Attention to Innovation
To round out our exploration of innovation in the workforce, we turned to our Game Changers. Below are questions we asked them and some of their provocative answers.
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Brighter Ideas
To cook up greater creativity, organizations ought to update their approach to collaboration, compensation and culture.
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DuPont Sees Bottom-Line Boost After Retooling Its Rewards
Early results of DuPont's program have been encouraging, giving company leaders hope that its new recognition system will have a measurable effect on the company's overall business objectives.
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Five Ways to Revamp Your Rewards System
Companies and consultants offer tips on what, when and how to reward worthy employees.
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Catalysts of Creative Destruction
Despite the hype about private equity and job loss, they have little net effect on employment levels.
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Private Equity Turns and Burns … Its Past
While horror stories exist, in some cases private equity takeovers can lead to healthy updates to management methods and practices.
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Year-End Employer Rewards to Employees Can Come in Small Packages
A poll shows that the majority of workers don't expect or need huge end-of-year gifts: For 69 percent, a gift card of $25 will do.
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Happy Holiday: More Executives Are Taking Vacation
Completely unplugging from the office is still a challenge, although about 50 percent of CFOs in a recent survey said they didn't check in while checked out.
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Medical Employers Are Enticing Workers With Cash to Repay Student Loans
Online job boards carry numerous ads from medical facilities offering student loan repayment programs to recruits in various health care positions.
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More Companies Linking Rewards, Penalties to Wellness Program Results
Fifty-eight percent of employers offering wellness incentives pegged rewards to completion of lifestyle modification programs such as weight loss, smoking cessation and physical fitness.
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The Golden Egg of Incentive Pay Policies Is an Elusive Bird
Even with the best-designed programs, companies face challenges in making incentive and merit-pay programs effective in today's economy.
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Compensation Plan Helps Insurance Firm Cash In
The practices can be time-consuming and arduous to implement, but the time taken to focus on talent management has paid off in ConnectiCare's overall success, an executive says.
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Employees Increasingly Are Asking Bosses to Show Them the Money
For many workers, perks are now no longer enough. Recently, 'it has been all about the base wage or salary,' a Buck Consultants principal says.
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Insurance Firm CEO Turns Down Year-End Bonus
Hartford's Liam McGee had come under fire this year from the president of hedge fund manager Paulson & Co. and Hartford's largest single stockholder, who urged Hartford to break up the company in order to boost shareholder value.
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Chrysler Rolling Out Bonuses
Chrysler Group hourly and salaried workers will receive profit-sharing and performance bonuses on Feb. 10, just nine days after the automaker reported a $183 million profit for 2011.
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Prepaid Gift Cards Offer the Benefit of Found Money
To reward their workers, nearly half of HR executives are using prepaid gift or credit cards as part of incentive programs and wellness initiatives.
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Avoid Culture Shock When Rewarding International Employees
When properly executed, employee recognition programs and rewards can go a long way in inspiring employees, especially during difficult economic times.
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Top Performers Look for a Little Love Outside of Pay
Rewarding employees goes beyond pay and benefits, especially in a tight economy where pay raises are still averaging 3 percent.
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Employers Turn to Creative Strategies to Reward Employees
As salaries slowly stabilize, employers are still seeking creative methods for rewarding employees. Noncash compensation and variable pay programs are on the rise and may be part of a new model for attracting and retaining employees.
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Post-Recession Incentives Kudos vs. Cash
In the book Drive: The Surprising Truth About What Motivates Us , author Daniel H. Pink asserts that financial rewards motivate people only when tasks are routine.
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A Cure for the 'Been There, Done That' Syndrome
Children's Hospital of Orange County in California rolls out another in a long line of initiatives to change employee culture. Will persistence pay off this time around?
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On Recognition, Multinationals Think Globally
Companies with operations scattered around the world believe centralized reward plans reach more people and their value can be assessed more easily. Multinationals also reap financial benefits from a global approach, says one executive.
