Where could you be more strategic in your total rewards spend? Are you funneling much of it into an annual bonus?
New research from Wharton shows that the annual bonus, a staple of many total rewards programs, can actually lead to unethical behavior, fuel turnover, and foster envy among co-workers. Sounds like unnecessary drama – and money wasted. More importantly, the performance boost of an annual bonus diminishes within weeks.
Read our e-book and learn a better way:
A little rethinking and reallocation means you can increase your margins without adding a penny to your budget.
Date/Time: Wednesday, Nov. 14, 2 p.m. ET
Are you curious which programs and practices are most effective in improving employee performance and boosting retention? Do you want tips for equipping managers with the right tools that empower people to bring their best selves to work every day?
In this webinar, take a peek into the science behind a positive employee experience with Greg Stevens, Ph.D. from Globoforce and Sheri L. Feinzig, Ph.D. from IBM. Greg and Sheri will share findings from a joint study conducted by Globoforce’s WorkHuman® Analytics & Research Institute and IBM’s Smarter Workforce Institute across 45 countries and 23,000 employees.
They will reveal three key drivers of a human-centric workplace and show how creating a positive employee experience can lower turnover risk and drive higher levels of discretionary effort across your organization.
Attendees will learn:
6 Steps to Increase Employee Retention