theadanews.com - Ada, Oklahoma

Community News Network

June 23, 2014

Good news for workers: Survey shows bonuses are back

WASHINGTON — For employees hoping to receive a fatter paycheck, the recession and its aftermath were bleak times. Companies pulled back on bonuses and lavish perks. Budgets for payroll increases were slim, meaning raises were often slight and hard to come by.

But new survey data from WorldAtWork, a nonprofit association for human resources professionals, offers promising news for workers looking to pull down more cash. According to the report, companies are implementing bonus programs in 2014 more frequently than they were in 2010, the last time the organization surveyed employers about this topic.

Use of all varieties of bonuses - referral, spot, signing and retention - have increased, with particularly dramatic upticks in the use of signing bonuses and retention bonuses.

While referral bonuses had reigned supreme in the survey for more than a decade, they were easily outranked this year by signing bonuses as the most popular form of award. And many of these signing bonuses provide far more than a little extra pocket change. In fact, about 41 percent of employers offering this perk reported that they paid executives signing bonuses that exceeded $50,000. An additional 12 percent reported paying sums that high for upper management.

Retention bonuses also saw a big leap in usage, with 51 percent of companies implementing them in 2014, more than double the percentage that were doing so in 2010.

The study also found that 29 percent of respondents said they are offering all four varieties of these bonuses, a big jump from the 9 percent who reported doing so four years ago.

It seems likely that there are two key reasons employers are upping their investment in bonus programs. As the national economy improves, companies have renewed confidence that they're on safe enough financial footing to offer this perk. And it's also likely a sign that the competition for top talent is intensifying as workers, too, feel more confident about the job market and are willing to jump ship to other opportunities.

It's too early to know whether salary increases will also get a bump in 2014 amid an improving economy. Forecasts from organizations such as the Society for Human Resource Management and the Hay Group suggest that salary increases will likely hover around 3 percent this year. It won't be until 2014 draws to a close that reliable data will be available on what kinds of raises employers actually ended up doling out this year.

 

1
Text Only | Photo Reprints
Community News Network
  • linda-ronstadt.jpg Obama had crush on First Lady of Rock

    Linda Ronstadt remained composed as she walked up to claim her National Medal of Arts at a White House ceremony Monday afternoon.

    July 29, 2014 1 Photo

  • Can black women have it all?

    In a powerful new essay for the National Journal, my friend Michel Martin makes a compelling case for why we need to continue the having-it-all conversation.

    July 29, 2014

  • Dangerous Darkies Logo.png Redskins not the only nickname to cause a stir

    Daniel Snyder has come under fire for refusing to change the mascot of his NFL team, the Washington Redskins. The Redskins, however, are far from being the only controversial mascot in sports history.  Here is a sampling of athletic teams from all areas of the sports world that were outside the norm.

    July 28, 2014 3 Photos

  • 'Rebel' mascot rising from the dead

    Students and alumni from a Richmond, Va.-area high school are seeking to revive the school's historic mascot, a Confederate soldier known as the "Rebel Man," spurring debate about the appropriateness of public school connections to the Civil War and its icons.

    July 28, 2014

  • Fast food comes to standstill in China

    The shortage of meat is the result of China's latest food scandal, in which a Shanghai supplier allegedly tackled the problem of expired meat by putting it in new packaging and shipping it to fast-food restaurants around the country

    July 28, 2014

  • wd saturday tobias .jpg Stranger’s generosity stuns Ohio veteran

    Vietnam War veteran David A. Tobias was overwhelmed recently when a fellow customer at an OfficeMax store near Ashtabula, Ohio paid for a computer he was purchasing.

    July 28, 2014 1 Photo

  • Screen Shot 2014-07-28 at 1.33.11 PM.png VIDEO: High-dive accident caught on tape

    A woman at a water park in Idaho leaped off a 22-foot high dive platform, then tried to pull herself back up with frightening results. Fortunately, she escaped with only a cut to her finger.

    July 28, 2014 1 Photo

  • CATS-DOGS281.jpg Where cats are more popular than dogs in the U.S.-and all over the world

    We all know there are only two types of people in the world: cat people and dog people. But data from market research firm Euromonitor suggest that these differences extend beyond individual preferences and to the realm of geopolitics: it turns out there are cat countries and dog countries, too.

    July 28, 2014 1 Photo

  • How spy agencies keep their 'toys' from law enforcement

    A little over a decade ago, federal prosecutors used keystroke logging software to steal the encryption password of an alleged New Jersey mobster, Nicodemo Scarfo Jr., so they could get evidence from his computer to be used at his trial.

    July 25, 2014

  • Russia's war on McDonald's takes aim at the Filet-o-Fish

    Russia said earlier this week that it had no intention of answering Western sanctions by making it harder for Western companies to conduct business in Russia.
    But all bets are off, apparently, when you threaten the Russian waistline.

    July 25, 2014

AP Video
US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming Traditional African Dishes Teach Healthy Eating
Stocks
Poll

Are you pleased that Oklahoma has repealed Common Core standards for public school students?

Yes
No
     View Results