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HRM in the News is South-Western's service to provide summaries of the latest human resource management news stories. Review the brief summaries and, for stories of interest, select the full summary. |
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| Title | Brief Summary |
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Wal-Mart has made public the details of its associate bonus program, which will award a half-billion dollars in bonus pay to store employees this year, or an average of $651 for every employee. Because the bonus is based on store performance, some employees will receive well over $1,000 in bonus pay. Yet, critics say it is still not enough. (Updated June 2007) |
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Companies put a lot of money into their incentive plans, but more than half report that they do not measure the ROI of these plans at all. When incentive plans are designed with the ROI in mind from the beginning, it can be simple to ensure that the company will get its money’s worth. (Updated October 2006) |
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Best Buy's new incentive program gives employees choices on how they would like to receive incentives and emphasizes communication. The program is designed to help the company keep its best and brightest employees motivated for long-term success.
(Updated July 2006) |
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As Indian outsourcing continues to increase, workers who speak English and have college degrees are in high demand, and are commanding good salaries and great benefit packages. Companies are getting creative in the incentives they are offering to keep attrition rates down. How long will the boom last? (Updated April 2006) |
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Bonuses for CEOs rose dramatically last year, sparking criticism of the seemingly excessive levels of compensation for company leaders, especially when company performance does not increase at the same level. (Updated April 2005) |
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This article discusses on-the-spot incentives. It's a way to recognize an employee immediately for exceptional service or performance. This tool is becoming increasingly important as a retention tool. The positive impact on employees far outweighs the cost of the incentive. (Updated 06/08/04) |
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This article discusses the consequences on customer loyalty when salespeople pay more attention to their sales incentives than to good service. (Updated 06/08/04) |
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Incentives for sales people are one way to get their competitive juices going. But, what happens when you ask sales people to collaborate with other sales people to reach sales quotas? (Updated 4/01/04) |
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Companies have been forced to cut back on many employee benefits. Retirement recognition programs have been a casualty. However, the repercussions of this decision has had lasting effects on the remaining employees. (Updated 01/01/04) |
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Managers don't need to spend a lot of money to motivate their employees on the job. Sometimes words are a more powerful tool. (Updated 10/01/03) |
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The experts see fatter employee paychecks in 2003, but those hikes are likely to be selective and more often based largely on merit. (Updated 9/02/03) |
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Bob Nelson writes and lectures about the power of using nonmonetary rewards to motivate employees. He is not without his critics, however. (Updated 7/31/03) |
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