Global Taxation on Incentives
Three steps to conquer the complexity
Appreciating Employees
5 simple ways to do it
Basics of Rewards
Why reward is so important for ‘best companies’
Peer Recognition
Peers see, understand and support more
Global Taxation on Incentives
Three steps to conquer the complexity
Appreciating Employees
5 simple ways to do it
Basics of Rewards
Why reward is so important for ‘best companies’
Peer Recognition
Peers see, understand and support more
I recently was in Belfast, Ireland and had the great pleasure of visiting the museum dedicated to the building, supplying, launching, sinking, and the ocean bottom rediscovery of this famed luxury ocean liner. I’ve been in a lot of museums throughout my life and world travels, and I have to put this one at the top of the list.
Tax considerations are an issue in any global incentive or recognition program. In the quest to properly withhold taxes on awards in your programs, here are things to consider.
Appreciating your employees is an important part of engagement, because it lets them know that you notice all the hard work they’re doing. You don’t even need to spend any money in order to appreciate your employees, most of the things that matter most to employees are free. They might take up a bit of your time, but trust me it’s worth it.
As the Sunday Times publishes the 2014 showcase of ‘best companies to work for’, there is no doubt that engagement is good for employees, good for business and good for the economy. A read of the rigorous research outlined in ‘The Evidence’ [PDF, 1.1mb] paper from the Employee Engagement Task Force will confirm the link with company performance, customer satisfaction and innovation. We are seeing an exciting raft of new reward practices emerging, particularly in response to the demands of the new Generation Y workforce.
Work/life balance is a myth. I could say that in today’s hyper-connected world, work comes home with us far more easily than it did 20 or even 10 years ago. And, that would be true. But it’s no less true that our “life” also comes to work with us. Worries about our sick children, concern over a fight with a spouse the night before, fear over making ends meet on a tight budget – all can color how we approach our work and how we treat our colleagues.
A new study from professional networking site LinkedIn shows that a significant number of employees care a lot about being recognized for their contributions, with kind words from the boss. We are not talking about the big projects, or big reward. In fact, we are not talking reward at all. They want their everyday achievements to be noticed and recognized.
The War for talent has caused many companies to forget that existing employees are their biggest assets. It’s easy to assume that – like trading cards – once you’ve acquired top talent, they’re yours forever.
One of the biggest challenges facing most leaders today is how to improve the current levels of employee engagement in their organization. Over the last few years, there have been numerous studies which have repeatedly shown that employee engagement levels continue to stagnate at the low end of the scale, impacting not only overall productivity, but also an organization’s ability to innovate and adapt in response to changes in the global economy.
You pay your employees well. Your benefits package is competitive. Maybe you even have a recognition program like Employee of the Month, or annual bonuses. Still, your company is less competitive and ultimately less successful than it could be. Here’s why: Study after study shows that meaningful employee recognition leads to increased productivity, better employee retention, and greater overall success.
Our world is changing fast and along with it, our workforce. As HR professionals, you are dealing with more and more diverse groups of people of varying age, ethnicity, motivation, lifestyles and personal objectives. To complicate things, never at any time has so much diversity been seen in a single workforce. How does one make decisions that will appease the masses? By going beyond the labels and remembering the one constant in every workforce; they are all people.