To give, or not to give? How effective are retention awards, really?
Retention awards are used today with frequency across many companies and industries. But has anyone come up with a good way of measuring whether or not they are effective? What if the conventional approach to “putting glue in the seat” is not as effective as we think? We will explore when, why, and how they are effective (or not) and discuss frameworks and approaches to retention awards.
Specifically, we will walk through: common approaches, special retention awards, what the research says is effective, how rewards can be used efficiently (or inefficiently!) and how we can evaluate their effectiveness.
Please join us!
Austin Vanbastelaer has 4 years of human resources and compensation consulting experience across a broad spectrum of executive compensation issues in public company and private company settings. He manages Semler Brossy’s Say on Pay report, which tracks Russell 3000 and S&P 500 governance vote outcomes and publishes thought pieces about emerging trends in compensation practices.