catching up on compensation and work perk trends

Catching Up On Compensation and Work Perk Trends

Scroll down to read more!

Catching Up On Compensation and Work Perk Trends

Scroll down to read more!
catching up on compensation and work perk trends

Table of Contents

2017 was a wild ride for Human Resources. The fast pace of political and economic change meant a lot of uncertainty and while many of the administration’s core policies are set in stone by now, we’ve already seen its willingness to continue to make sweeping changes (currently, to tax policies). In the face of such a whirlwind all we can do is keep slow and steady, creating and enforcing the best policies we can, rather than trying to react to quickly – and even more importantly, keep a close eye on trends. With that in mind, here’s the latest on bonuses, minimum wages, and basic work perks.

Catching Up On Compensation and Work Perk Trends

Why Many Companies Are Giving Bonuses – Not Raises – After The New Tax Cuts

What’s better for your particular situation as an employer, bonuses or raises? And what’s better for your employees? The question is more complex than it might seem to people who’ve never worked in management or HR. Jena McGregor looks at several companies who’ve adjusted their compensation strategies in the face of new tax cuts that will hurt many of their workers. So why bonuses and not raises? McGregor says that not only are bonuses easier to manage, it’s been a long term trend to prefer bonuses over raises.

11 Fastest-Growing Flexible Jobs to Watch for 2018

Flexibility is consistently one of the perks most valued by employees, but not all jobs are created equal when it comes to flex time. Some are just naturally more flexible, since they require weird hours (like medicine) or can be done from home (many creative jobs). But some fields are rapidly transforming to be more flexible, in response to changes in technology and demands from workers. Here are the fastest-growing flexible jobs as of this year.

Wall Street Traders Brace For Meager Paychecks As Bonus Season Approaches

While some companies are looking for ways to increase worker bonuses, others will be disappointing their employees with tiny or nonexistent bonuses. It’s not that big banks, financial services and investment firms don’t want to give their hard working traders their accustomed bonuses – it’s that trading revenue is down down down. The reason for that is caution on the part of clients. They’re unusually reticent to invest in the face of high market volatility, so traders and investment specialists, who are a paid for performance not getting the job done, are out of luck.

Not that anyone in this field makes bad money, but this may reveal a weakness in compensation packages. If caution means smaller pay checks, there’s incentive to push clients into risky investments.

Nothing Illegal About Tim Hortons Cutting Employee Benefits, Perks: Labour Minister

The minimum wage went up this month in Ontario, Canada, and in response some fast food chains, including the giant Tim Hortons, immediately moved to cut hours, pay, and health benefits. Is it legal? Yes. Is it ethical? No. And is it bad for their employer brand? Absolutely, definitely yes. The Toronto Star looks at the debacle, which saw corporate owners cracking down on strapped franchises and online and in person protests.

Did you like this post? Share it!

A Word From Our Sponsors

Ads help make Workology resources free for everyone. We respect your privacy. To see our Privacy Policy click here.

Recommended Posts

The Benefits of a Healthy Workplace: Measuring Success

The Benefits of a Healthy Workplace: Measuring Success

Discover the keys to measuring workplace wellness and unlock strategies for a productive work environment in our comprehensive guide....
Workology’s Learning Portal Gets a Major Upgrade

Workology’s Learning Portal Gets a Major Upgrade

After months of building and testing, our new learning portal is ready! Ace the HR Exam students now have access to more resources than...
SPHRi vs GPHR: Choosing the Right HR Certification for You

SPHRi vs GPHR: Choosing the Right HR Certification for You

Picture this: you’re at a crossroads in your human resources career, standing between two significant certifications – the SPHRi and GPHR. Which way do...

Checkout Our Products

Ads help make Workology resources free for everyone. We respect your privacy. To see our Privacy Policy click here.

More From Workology

SPHRi vs GPHR: Choosing the Right HR Certification for You

SPHRi vs GPHR: Choosing the Right HR Certification for You

Click on read more to open this post on our blog.
Workology’s Learning Portal Gets a Major Upgrade

Workology’s Learning Portal Gets a Major Upgrade

After months of building and testing, our new learning portal is ready! Ace the HR Exam students now have access to more resources than ever.
The Benefits of a Healthy Workplace: Measuring Success

The Benefits of a Healthy Workplace: Measuring Success

Discover the keys to measuring workplace wellness and unlock strategies for a productive work environment in our comprehensive guide.

SPHR vs SPHRi: Charting Your HR Certification Journey

Dive into the SPHR vs SPHRi debate: learn their differences, career benefits, eligibility requirements, and study tips to enhance your HR journey.