Executive pay metrics are starting to shift from a short-term focus on shareholders’ returns to consideration of purpose-driven objectives, such as ensuring that rewards are shared appropriately across an organization, new research indicates.
To some, they’re still heroes: On Sept. 1, United Way and the family-owned winery Kendall-Jackson announced a new relief fund for grocery workers to recognize those on the front lines of the food system. But the same week, unionized grocery workers were staging protests in a dozen states for a return of the bonus pay that major grocery chains instituted in the early days of the coronavirus pandemic and allowed to expire midsummer.
Many firms aren’t in the position to give their employees large annual bonuses, but spot bonuses can be an effective alternative. Companies can use a spot bonus to stimulate feelings of satisfaction among employees, incentivize group behaviors and build a stronger sense of solidarity, writes Sanjiv Das, CEO of Caliber Home Loans and former CEO of CitiMortgage.