For 2012, salaried workers in North America will get a year-end bonus if GM hits an internal customer-retention goal. But it is inside GM's 650-person field sales division that the customer-centric pay structure probably reflects the most striking departure from GM's past.Read More
Even with the best-designed programs, companies face challenges in making incentive and merit-pay programs effective in today's economy.
Rather than enabling our employees to innovate, our management tends to stand in their way. They would rather exert tightfisted control over employees. This makes for a work environment that isn't conducive for strategic innovation—we are unable to keep enthusiastic and talented people. How can I persuade management to drop its hierarchical approach so that employees are encouraged to initiate projects that help the company?
—Stifled, human resources officer, finance/insurance/real estate, Katmandu, NepalRead More
Work is a drag in the U.S. right now. It is literally dragging down American's well-being, according to the latest numbers from research firm Gallup Inc. This is so even despite evidence that both the economy and hiring are picking up. Read More
It may not always be a straight-line connection, but managers exert great influence on whether top performers stay or go.
It's logical to conclude that poor managers are at the heart of the problem, says Richard Finnegan, co-founder of the Retention Institute and author of Rethinking Retention in Good Times and Bad.Read More
GINA, which was signed into law by President George W. Bush in May 2008, protects job applicants, current and former employees, labor union members and apprentices and trainees from discrimination based on their genetic information.Read More
To reward their workers, nearly half of HR executives are using prepaid gift or credit cards as part of incentive programs and wellness initiatives.Read More
The issue is particularly challenging for buyers with large natural catastrophe and supply chain exposures, according to the survey of the 25 member firms of the Independents, an international coalition of privately owned insurance brokers and risk management services firms.Read More
Developing ideas is a 24/7 hobby for them, which might explain why they enjoy one another's company so much.