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Reward (Recognition) and Incentive Programs

Reward (Recognition) and Incentive Programs

Articles

Should Development and Merit Raise Processes Be Split?

February 24, 2015

We want to separate two processes: performance management with a focus on developing people, and merit raises based on an employee’s contributions to our business success. How do I proceed? And what are the benefits of doing so?

—New and Improved, nonprofit, Grand Rapids, Michigan


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How Do We Get Our ESOP Plan Started?

June 17, 2014

My company wants to start an employee stock ownership plan, or ESOP, that defines a vesting year as being an actively employed participant on Dec. 31 of that year and you credited with at least 1,000 hours of employment. Should this include regular hours, overtime hours, and PTO hours? What else might we need to consider?
— ESOP Fable, financial/insurance/real estate, Des Moines, Iowa

employee stock ownership plan

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How Do We Set Improvement Priorities?

May 30, 2014

In our recent employee opinion survey, staff in the finance department identified rewards, recognition and career advancement as their top three concerns. Which area should we focus on improving first?

— Priority Setter, Utilities, South Carolina


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