Publisher: WorldatWork (2006)
Pages: 156
Cover: Soft
ISBN: 1579631177

This one of-a-kind tool helps employers looking for alternative variable pay methods. It covers the four main types of cash bonuses: sign-on, referral, spot and retention. Also includes valuable 2005 survey data that contain employee eligibility, bonus amounts, payout distribution and other pertinent information, all in a reader-friendly format to help you design a cash bonus program that yields real results.

Testimonials
“This book is a concise review of the design and implementation of cash bonus programs, a great review for the experienced practitioner and a wonderful introduction for the novice or generalist seeking to introduce such programs into an organization. [It] should earn a place on any compensation professional’s bookshelf because of the excellent summary of tax laws relating to each of the cash bonus programs discussed. I am certainly going to mark that chapter for frequent reference.”
????- Michelle Kiewit, Director of Compensation, Benefits and HRIS, Wellcare Health Plans Inc.
“This is a book that I would insist on providing to every person on my staff who deals with total remuneration and compensation. It is easy to understand and, best of all, it walks the reader through the decision-making, preparation, analysis, implementation and communication of these plans. This is a needed presentation of the facts.”
????- Rebecca I. Wood, CCP, Director of HR Shared Services, The Nature Conservancy
“This book is an outstanding soup-to-nuts tool for any organization that is serious about alternative cash rewards.”
????- Mark A. Szypko, CCP, Director, Compensation, Benefits & HRIS, Lightbridge Inc.
"This book contains many useful checklists and pointers for any company thinking of using cash bonuses, including when they should not be used."
?????- Alan M. Judes, Hewitt Bacon & Woodrow
Introduction
Cash Is King -- Again
Relating Bonuses to Talent
Let’s Get Started
Chapter 1: Tying Cash Bonuses to Total Rewards
The Total Rewards Model
Hot Skills and Critical Talent
The Compensation Philosophy
Cash Bonuses in the Total Rewards Mix
Total Rewards Statement
Sample Total Rewards Statement
Chapter 2: An Overview of Cash Bonuses

• Building a Business Case
• Presenting the Award
• Award Follow-up
• Communicating Cash Bonus Plans
• ?Cash Bonus Plans in a Unionized Environment

Chapter 3: Sign-on Bonus

• The Tale of BioKing -- A Fictional Narrative
• What Is a Sign-on Bonus??
• Sign-on Bonuses in Other Industries?
• ?Design Guidelines?
• ?Cash on the Line??
• ?Aligning Sign-on Bonuses with Total Rewards?
• ?Executive Sign-on Bonus?
• ?Pay Back Time?
• ?Executive Sign-on Bonuses Make Headlines?
• ?Potential Pitfalls?
• ?Communicating a Sign-on Bonus

Chapter 4: Referral Bonus

• What Is a Referral Bonus?
• Eligibility
• Timing of Cash Award Distribution?
• Referral Bonuses fo