A recent WorldatWork survey indicates that employee recognition programs are as prevalent among--and important to--employers today as ever. And budgets for these programs are expected to rise in years to come. What are the most popular types of program awards being used?
Most employers gave out bonuses at the end of 2007, and the majority of those that did gave them to all employees as opposed to just high performers or top line management only, according to a Compensation.BLR.com poll.
When it comes to incentives, cash bonuses are still the reward of choice for high-performing employees in the private sector, according to a recent study.
Northwest Airlines has agreed to reinstate premium pay for pilots who fly more than 80 hours per month. The company also announced that it is offering an incentive program for employees who have perfect attendance over the next month.
The median bonus for chief executive officers at large companies increased 13 percent last year, according to an analysis of proxy statements conducted by Watson Wyatt Worldwide, a consulting firm.
Health insurer WellPoint, Inc. has launched an initiative that will link a portion of employees' incentive pay with improvement in the health of its 34 million members.
Thirty-four percent of companies will offer a holiday bonus program in 2006, down from 41 percent in 2005, according to a survey of more than 300 organizations by Hewitt Associates, a human resources services company.
A federal grand jury has indicted three individuals on charges that they participated in a scheme to defraud the employee referral program at the University of Maryland Medical Center, U.S. Attorney Rod J. Rosenstein announced.
Some companies are trying to encourage M.B.A. students to make an early decision on job offers by using bonuses that decrease in value or go away unless they sign on by a certain date, the New York Times reports.
The chief executives at the top 15 oil companies in the United States saw their total compensation rise by 50 percent from 2004 to 2005, according to a report by two liberal research groups.
