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Case Study: Adapting to Rapid Change A company in the tech industry faced high turnover and intense competition for talent, so it shifted from a traditional five-year HR strategy to a 12-month sprint model.

Companies are grappling with how to maintain productivity, attract (and retain) top talent, and keep pace with technological advances.

The company said in a statement “economic conditions are becoming increasingly tougher” and that “competitive pressure and political uncertainties are presenting the company with immense challenges.”

October 08, 2024 Scottsdale, Arizona  — A new report reveals the increasing prevalence of bonus programs in organizations, with nearly all surveyed companies utilizing at least one type of bonus to enhance employee retention and recruitment efforts.

Andrew Goldstein Compensation Consultant to Fortune 1000 companies CECP®, CPA Read Bio Anil Agarwal Total Reward Professional CECP® Read Bio Athar Siddiqee Vice President of Global Total Rewards at Micron Technology CCP, GRP Read Bio Bernardo Buraglia VP Total Rewards the Americas Company: Bayer U.S.A.

The retailer will pay 100% of employees’ eligible annual bonus amounts for the most recent fiscal year, a company spokesperson said Thursday.

“Instead, focus on transparent, realistic communication about the company’s current situation and future plans,” she explained.

Access bonus Workspan Daily Plus+ content on this subject: Take These Three Steps to Mitigate Employee Distrust;The Trust Equation: Building Trust Through Total Rewards; “At its core, trust is built on employees feeling that their interests are genuinely considered by their employers, [and employer interest is] not just the company’s bottom line,” said Fresia Jackson, the director of people science research at employee recognition platform Culture Amp.

Incentives like those on offer from Purdue University and in other locations “could certainly be appealing to those whose work is suitable for 100% remote work, and that have company support to remain remote,” said Lesli Jennings, North America work, rewards and career practice leader at Willis Towers Watson.

Organizers are already collecting union authorization cards through a UAW-sanctioned website, where they’re critical of corporate profits and executive compensation at non-unionized companies.