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Bonus Better Than Raise

Tony Mayo

The question often takes the form of, “Should I give her an unscheduled bonus or a raise?&# The business owner often tends toward a raise because it defers the cash outlay. My study of psychology recommends the bonus. Recently he spoke explicitly about the bonus vs. raise question. “If

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How to Be More Thankful for Your Team (Easy Employee Appreciation Ideas)

Let's Grow Leaders

Your team yearns for a cadence of sincere “thank yous” more than grand gestures Every week we hear from hard-working, high-performing employees who long for more appreciation at work. Of course, when you begin your day with a bit of celebration, you feel better too. Much better. I don’t need much.

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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

Consumer Affairs reported the top 5 reasons for quitting to be in search of better pay and better benefits, insufficient pay raises, unmet needs by their former employers, and pay inequality. Review popular employee retention strategies and why they work to retain key employees.

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Google Execs tell workers they won’t raise pay to match inflation

HR Digest

According to audio of an internal Google meeting obtained by CNBC, Google has made it clear to its employees that it will not raise salaries across the board in response to inflation. . Since having fewer money worries can make you concentrate more on your work and even proffer better quality time off to replenish. . Bottom Line.

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Is your Salary Negotiable?

Career Advancement

Women are less likely than men to negotiate—68% of women vs. 52% of men abstain from negotiating. When men negotiate their salary, they’re over three times more likely than women to succeed. However, it’s getting better: The gender gap is much lower for younger workers than for older ones. Do Your Research.

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How to write a request for a pay hike

HR Digest

When you have been in the current position for more than a year and have no plans to move, then the next step is to request for a pay raise. When you ask for a raise, preparation is the key. Timing your pay raise request is essential. How to write a raise request letter . Another 31% said they got less.

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Promotion without a raise? Experts weigh in

HR Digest

The hope of getting a pay raise with promotion is a less-attractive proposition these days. As the coronavirus outbreak spreads, many workers’ will find themselves getting a promotion without a raise than a salary increase with no promotion. rather than an increase for a few hundred pounds. Money talks.