With a vast array of employee needs and expectations on the table, initiatives to save your company money while offering creative new benefits opportunities continue to mount with equal pressure.
Strategically managing employee benefits and benefit dollars while keeping your best employees healthy, productive and committed to your organization are vital to your company’s viability and long-term success.
Download our Best Practices in Benefits white paper to learn how several leading companies are implementing new ideas around existing benefits programs and providing new opportunities for their workforce using social networks and financial literacy training - with tremendous success.
Written by leading experts and respected industry analysts, this white paper provides valuable insight and proven strategies focused on bottom-line business results.
Best Practices in Benefits
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Daily Q&A
Connecting Rewards to Performance
I am currently trying to revamp our organization's performance management process to a more formal one that is aligned with company strategy and goals. I am basically starting from scratch with job descriptions, new evaluations and performance measures. My question is, how do I get the executives to see the importance of the connection between rewards and performance? Currently, they do not want to commit to traditional merit increases that would be tied to the performance review, but would rather provide a cost-of-living increase and then provide a bonus at the end of the year. The issue is that when they did this last year, people were very disgruntled with the fact that they didn’t get raises and I was frustrated because the reward that was received wasn’t tied to any performance measurement—it was truly discretionary.
——I Hate Discretion, director of human resources, construction, Rockville, Maryland
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