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Performance Management Tools: The Ultimate Guide

Primalogik

Performance management tools have become essential to HR operations. Not only do they assist the HR department; they also help managers throughout the organization to guide their teams to success. Consider that only 2% of companies feel they have a great approach to performance management. Table of Contents 1.

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Growing a Healthy Compensation Program -- Part Two

Compensation Cafe

In today's article, it's about eighteen months later and they have a new product that's taking off in the cardiac care market. The annual bonus was affected by production outlays for the new product. They have close to 400 employees today, and staffing goals for the year will bring the company up to 473 employees.

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When You're Cornered, Why Not Step Aside?

Compensation Cafe

Case #1: [Select an option: IT, Sales, Research, Production] department head is running amok. "We We need those five [select an option: Engineers, client managers, project managers, shift supervisors] or we'll go under. Here are a few tips from organizations that have learned about the ugly combo of panic and compensation.

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Spring Cleaning Checklist!

Compensation Cafe

Bonuses are paid, last year's results are old news and grand plans for this year have been signed, sealed and delivered. Organize to boost your productivity. Wouldn't it be great to share your key dates for performance management, salary discussions etc. Looking at clear skies these days? Here are a few thoughts.

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Compensation Communications: Should I Say How I Feel?

Compensation Cafe

Take another example -- you need to communicate the bad news that mid-year bonuses will not be paid because of business conditions. They may understand why there is no funding for bonuses, but they will still be disappointed. Explanations of product results or share behavior could be used as part of your explanation.

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Plan Design Laid Bare!

Compensation Cafe

Whether you are redesigning your base pay program or creating an incentive plan, it pays to learn from experienced colleagues, so I've included links to Compensation Cafe articles about each of these three best practices. Spend time understanding the nature and root causes of the performance challenges that your new plan must address.

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Mid-Career Hires Are Tricky

Compensation Cafe

You can: Count on early productivity with limited or no supervision. Performance management creates a constricted atmosphere that just doesn't work in this situation. And whose performance is -- yes -- being watched closely by your team. Incentives. S/he brings valuable qualities that are in short supply.

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