How to reward and increase employee loyalty?

Compensation and benefits
When a company decides to hire new employees, educates them, invests in a probation period and all the requisite technologies, understandably, it expect staff to stay as long as possible. But there is always churn. The Paylab Loyalty Report shows that, in general, loyal employees working for one employer for more than 5 years are in the minority on the labour market at only 27.5%. The largest group is those who are employed for less than 2 years. Attitudes of Millennials and Generation Z are even more complicated, because they have a tendency to consider their career challenges more often and look for opportunities elsewhere. What specific action steps can employers take in order to retain employees on board longer? How many employees do receive loyalty bonus?
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7 tips how to narrow the gender gap

Compensation and benefitsPay equitySalary negotiation
Only 6% of women are ranked among the best paid employees. For the sake of comparison, as many as 13% of working men belong to this group. At present, there is a lot of debate about the unequal remuneration of men and women. This phenomenon is rather complex and Paylab portal  has focused on 7 areas which significantly help reduce salary differences. In any case, Paylab’s advice to women is that one of the best weapons in the struggle against salary dissatisfaction is to regularly monitor salaries for the same work position and to assertively negotiate salary terms.
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Trends in health benefits and employee health programmes

Compensation and benefits
Companies care about keeping their employees fit and motivate them towards a healthy lifestyle with many non-financial benefits. Large employers in particular try and do everything they can in terms of supporting health and prevention to contribute to the right lifestyle among their people. Corporate employee care now incorporates health programmes to support healthy habits among company employees. Essentially, this is risk management in favour of a healthy workplace. Companies engage in these programmes voluntarily and often invest large amounts of money in them.
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Do you want to know how much your work colleagues earn?

Pay equitySalaries in segment
You are not alone. Nearly three-quarters of employees would want to know how high paycheck of their colleagues is. Salaries and wages remain a taboo subject in European countries. Companies usually try to keep pay details secret and very few employers publish salary and wage details in their job adverts. But companies are starting to drive some iniciatives to convince the workers that their company remuneration is fair. Are you sure that your remuneration is treated fairly compared to other colleagues in your company?
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Why is referral bonus so popular?

Compensation and benefits
Did you recommend your friend or acquaintance to your HR department for hiring? In some companies you can receive as a reward for such a service some financial or non-financial benefits. Companies begun to reward employees if they help bring new and skilled help into the firm. Referral bonuses are a good way for companies to build a community among employees. It is in the employee's own best interests to recommend a high-quality candidate as they are personally engaged in the entire process.
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Friendly relationship with boss brings more money

Compensation and benefitsSalary negotiation
People with a friendly relationship with their boss have salaries that are roughly 14 per cent higher than respondents who have a reserved or unfriendly relationship with their boss. The Paylab.com salary portal completed an international employee survey on the characteristics that contemporary managers lack the most. The portal also examined how their relationship with their boss influenced their salaries. The right remuneration is the one of the key pillars of correct relationships with direct superiors.
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real wage expectation rise growing salary Europe prediction 2017

Europe is stagnating, real wages are growing only in CEE countries. Why?

Compensation and benefitsSalaries in segment
Over the last seven years, employees in the new member states have seen the biggest improvement of their earnings compared to the rest of the EU. Since the financial crisis, the purchasing power and living standards of former Eastern Bloc countries have enjoyed the biggest increase. This indicator is best seen in real wages, which show the purchasing power of wages, i.e. the amount of goods and services you can actually buy with your wage in your country.
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salary dislosure transparency equal pay how much colleages earn

Are companies prepared for salary disclosure?

Compensation and benefitsPay equity
Would you like an official way to determine just how much your colleague, neighbour, partner, acquaintance or friend earns? Simply put, no more taboos or secrets about pay among those around you. Imagine if you could conveniently log on to an online-system available any time of day and find out just how many digits are on the pay stubs of the people you know, and how much the government actually deducts from their income. Salary disclosure can lead to pay equality while the overall trend now is to increase salary and compensation transparency.
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What are the differences in the financial behaviour of millennials born in the 80s and 90s?

Compensation and benefitsSalaries in segment
Millennials, or more accurately Generation Y, are a phenomenon that has had a major impact on the labour market for nearly 20 years. Today’s young adults have brought many new aspects to the work process and often represent a huge question mark for employers and HR professionals. Paylab took a closer look at the financial behaviour of today’s most attractive target group for HR managers, as well as retailers, marketers and developers.
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