Many employee benefits are required by law, such as minimum wage, overtime, family leave, workers compensation and disability. In addition, many employers offer bonuses as performance rewards. But is that the only way to compensate workers?
Statistically, it is being seen that broader benefits packages are on the rise and the trend is growing. For example, the Society for Human Resource Management (SHRM) conducted its annual survey of U.S. employers in early 2018. The survey determined, among other insights, that in just one year employers have increased benefits offerings in three times as many benefits as previously assessed.
Everyone wants to know "how they're doing" on their job and in their workplace. Ideally, an employee performance review can provide that assessment. When done well and consistently, reviews can help workers perform better and feel more engaged in their own performance and success.