Annual Pay Raises Replaced by Better Benefits?
Annual pay raises: something employees look forward to and sometimes count on. But has the annual pay raise gone the way of the anniversary lunch and the 10-year watch? In a post-recession economy, with a young workforce that is more focused on benefits and flexibility, organizations are taking a new approach to investing in their employees. Employees are looking for less money and more alternative compensation. Benefits now make up 31.6% of employees’ total compensation, which according to government data is a figure on the rise.
Create Employee Loyalty: What Do They Want?
It's often a conundrum for most employers to create employee loyalty within their company. Figuring out how to motivate employees, keep them happy and prevent them for looking for other employment is a major concern, especially given the diverse interest and priorities between Baby Boomers and Millennials. Where do you start? What would the budget look like, if there even is one? Maybe this will help. Towergate Insurance performed a recent study and created an infographic to try to answer the question,
3 Ways to Help Millennials in the Workplace
Millennials are an increasing portion of the workforce in America. But employers aren’t sure quite how to handle millennials in the workplace, and often times they can be misunderstood. They are often viewed as job hoppers (but it might just be because they have a constant fear of being let go), they are viewed as overconfident (but they’ve actually had more experience prior to graduation than any previous generation) and employers have a hard time helping them reach their full potential. Fast Company has offers strategies to help millennials in the workplace in their article, How to Bridge the Gap Between Potential and Performance. Here are my top three:
Corporate Summer Gift Card Ideas for 2024
As the days get longer and the temperatures rise, summer presents the perfect opportunity to show appreciation to partners, program members, employees, and colleagues. Gift cards are increasingly becoming the go-to gift, offering flexibility and the ability to choose the perfect present. In 2023, the Retail Gift Card Association (RGCA) reported that 70% of shoppers planned to buy gift cards for special occasions like Father’s Day, weddings, graduations, and birthdays. If you're considering giving a gift card this summer, here are some top ideas that will make your recipients' summer even brighter.
Employee Recognition Programs Reflect Company Values
In today's workforce, employee recognition is more than just a "nice to have"—it’s a critical driver for retention, engagement, and embodying company culture. As companies grapple with rising turnover and a more competitive talent market, recognition programs are essential in communicating core values while maintaining employee satisfaction. Modern organizations have come to realize that a well-executed recognition program goes beyond sporadic rewards and speaks directly to the heart of a company’s mission.
