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Compensation Cafe: Fair Pay, Differentiated Rewards

RecognizeThis!

— Differentiating recognition and rewards for top performers is critical while still allowing for all to participate in the opportunity to be recognized for work well done. I intentionally stirred the compensation and recognition pot in my last post on Compensation Cafe. ” How do you differentiate for top performers?

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5 Keys to Building a Human-Centric Performance Management Process

Bonusly

Here are four keys you can begin implementing today to support a more human-centric performance management process: Build Genuine Relationships. Inadequate monetary compensation. In an Entrepreneur Magazine article, Andre Lavoie lists five simple things managers can do to show the love. Lack of non-monetary rewards.

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Review of 2012 and into 2013 HR Carnival ~ HR to HR 2.0. - HCM

Strategic HCM

Review of 2012 and into 2013 HR Carnival. I asked contributors to send in one of more of: their favourite / best read posts; reviews of 2012 and predictions for 2013. Reviews of 2012. Karin Hurt at Let’s Grow Leaders: Best of 2012. Anonymous at Chequed: Best of 2012. Review of 2012 and into 2013 HR Carnival.

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5 Pillars of a Successful HR Strategy

Achievers

Another important legal requirement is workers compensation. Regardless of the working conditions, workers compensation is required of all businesses: “If you have any employees—even just one—you are responsible for including workers’ compensation insurance (in most states) in your business insurance policy.

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Amazon’s New Performance Review Process Will Be Employee-Focused

Reflektive

In 2013, Microsoft became one of the early major companies to overhaul its performance review process, eliminating stack ranking and adapting its compensation process to put more influence in the hands of managers. Its new system gives managers more ownership of performance management.

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New Research on Cutting-Edge Performance Management: What Are We Learning?

Compensation Cafe

Editor's Note: Last summer we posted an announcement from Gerry Ledford (one of our profession's leading scholars) introducing a new academic study focused on leading edge performance management practices and an invitation for any qualified organizations to participate. Do the data indicate that the hype is warranted?

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Goldman Sachs Will Keep Performance Reviews, But Do Away With Ratings

Reflektive

A report from the Wall Street Journal based on internal memos shed light on the new performance management system at Goldman Sachs. The company will continue to do a 360 annual performance review. Still, Goldman Sachs is experimenting with more innovative systems for performance management.