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Incentive Pay

Hazard pay is back—and so are its risks

12/10/2020
Covid-19 cases are spiking again and employers are again beginning to offer hazard pay. In some cases, workers are demanding even higher pay and greater safety protections than before. How employers respond and structure round two of hazard pay may have lasting impact on operations.

Consider bonuses to attract & retain workers

10/27/2020
With covid-19 cases spiking in much of the country, some Americans have simply decided it’s just not worth coming to work, especially in low-wage industries. But some employers have rediscovered an old-fashioned way to attract and retain employees: Cash bonuses.

Consider hazard pay to fill essential positions

09/03/2020
Once upon a time, hazard pay was an incentive to entice workers to perform jobs that were themselves dangerous—think firefighting or defusing explosives. In the coronavirus pandemic era, hazard pay is being granted to delivery drivers, grocery cashiers and many other jobs now deemed “essential.”

DOL rule allows bonuses for fluctuating workweek employees

05/27/2020
A new final rule from the U.S. Department of Labor clarifies how employers can offer bonuses and other incentive-based pay to nonexempt workers who receive salaries under the fluctuating workweek method of compensation.

Snapshot: Quarter of employers offer COVID-19 incentive pay

03/31/2020
As employers continue to navigate the uncertain terrain in a COVID-19 world, some have begun offering hazard pay to employees who are required to work on-site during the pandemic.

Short-term incentives universal in private sector

01/02/2020
Fully 99% of private employers offer some kind of short-term incentive to reward employee performance, according to new research by WorldatWork.

Rule would allow bonuses for fluctuating workweek employees

11/05/2019
The proposed rule would revise the regulation for computing overtime compensation for salaried, non-exempt employees who work hours that vary each week (i.e., a fluctuating workweek) under the Fair Labor Standards Act.

Are bonuses the key to hourly retention?

07/18/2019
Some employers have decided that significant investments in bonus plans are worth a try. They’re making even low-level retail and restaurant staff eligible—even part-timers.

Focus on retention: Pay jumps for job hoppers

10/29/2018
Wage growth continues to bump along near 3%, the same as the past several years. One group, however, is seeing much higher raises; and it’s a group that should have employers worried.

Cash is still king for performance incentives

06/26/2018
Short-term, cash incentives continue to dominate the incentive-pay landscape among American employers, according to new research released last month by the WorldatWork total rewards association.