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Why Every Organisation Needs a Solid Compensation Strategy

6Q

Fair compensation is one of the things that employees consider when looking for and staying in their jobs. While a solid compensation and benefits package is a good start, we need to take it one step further. If we feel like our compensation scheme isn’t working, it’s time to reflect and reassess the status of the current system.

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Why Every Organisation Needs a Solid Compensation Strategy

6Q

Fair compensation is one of the things that employees consider when looking for and staying in their jobs. While a solid compensation and benefits package is a good start, we need to take it one step further. If we feel like our compensation scheme isn’t working, it’s time to reflect and reassess the status of the current system.

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Rewarding Today's Unsung Heroes: Could a "Viral" Bonus Plan Work for You?

Compensation Force

This post first ran in 2011. While the details on the ground at IGN Entertainment may have changed since then, their inspired peer-to-peer bonus plan brings us a great example of how we might engage employees in rewarding the heroic actions of their peers during our challenging times today.

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When Substantial Financial Bonuses Backfire

Madison

According to a prediction report from Johnson Associates, Bonuses in the financial industry last year were expected to fall 5-10 percent… Nathaniel Popper, The New York Times. The article reported that last year was also the first year since 2011 that compensation as a whole was likely to drop. Wall Street and bonus culture.

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Concerns Surrounding Non-Profit Executive Compensation

Astron Solutions

Executive compensation is a natural concern of many in the non-profit sector. A 2011 report from the Chronicle of Philanthropy highlighted that the median pay of executives in 132 surveyed charities and foundations increased 3.8% Others even pay bonuses, once rare at non-profits. cash compensation, recognition, and benefits).

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Cafe Classic: 3 Ways to Meet – and Exceed – Expectations

Compensation Cafe

Editor's Note: In today's Classic, Margaret O'Hanlon uses the saga of Toyota's sticking gas pedal recall (circa 2009-2011), which became a case study for (some would say how not to do) crisis management, to examine the intersection of crisis response and performance. . Let’s say, a year when there will be layoffs and no bonuses.

Meeting 40
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Cafe Classic - The P90X Workout and Effective Performance Compensation

Compensation Cafe

Editor's Note: Today's Café Classic post was first published on June 22, 2011. I like finding unique training tools for compensation professionals. There are a few keys to the success of this system that can be applied to any variable compensation program. Do you want to know more about Performance-Base Equity Compensation ?