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Growing a Healthy Compensation Program -- Part Two

Compensation Cafe

and you can go home many more weekends feeling confident that you're an effective HR leader." HR operating context: Compared to when the company was fewer than 100 employees, the CEO no longer has the bandwidth to make everyday decisions. Here's what today holds for HR.

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Why Today’s Incentive Thinking Is Different

Achievers

Too often in human history, this meant that people with less power were simply compelled to work, and incentives — if they existed — consisted merely of being allowed to survive. After several evolutionary waves, we have a deeper insight into what truly motivates people, and today’s incentives are about far more than compensation.

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What Hourly Workers Really Want (It Might Surprise You)

Achievers

In a recent study conducted by Snagajob , nearly 36% of hourly workers reported that work flexibility was the most important perk but only approximately 50% of employers planned on offering job flexibility. Although this seems like the same thing as paying more per hour, which most hiring managers can’t do, bonuses are different.

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4 Tips for 2020 Career Development

Compensation Cafe

What happens when you disappear raises, slim down bonuses, freeze salaries and/or jack up benefit costs? These are field-tested tips that you can slip into your planning right away. Experience shows that when a manager reneges on a employee's career plan, the trust level between the two is almost impossible to fix.

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When Size Matters -- Basics for Early Stage and Small Companies

Compensation Cafe

Human Resource management may end up as a department of one, but it often it starts out as just one more thing for the founding executive team. The PEO gives you a handbook to distribute, and your benefit providers give you Summary Plan Descriptions (SPDs) to hand out. Get credit for your incentives.

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Why Don't You Invite Yourself to Your Next Executive Interview?

Compensation Cafe

In other words, we do have a philosophy and we use it for the nuts and bolts of our work -- and we should be able to articulate it, even just to guide HR decision making. How well do you plan your employee communications? How well do you prepare them for that key role? How do you explain your bonus awards? Want to be strategic?

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Proposed Update to FLSA Could Be Good News!

Compensation Cafe

Nonetheless, I'm intrigued that the Society for Human Resource Management (SHRM) recently announced that they are supporting a proposed update to the Fair Labor Standards Act's (FLSA's) definition of "regular rate" of pay. As we all know, the FLSA specifies that nonexempt employees must be paid at least 1.5 Discounts on gift cards.