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Compensation Strategy and Culture: 3 Steps to Create Alignment

Analytics in HR

The compensation strategy plays a crucial role in ensuring clarity when making salary and benefits decisions within your organization. With a clear framework for compensation, you will be able to help your organization become more competitive when it comes to attracting and retaining talent. Contents What is a compensation strategy?

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Update: Employee Compensation at Wells Fargo

Compensation Cafe

Compensation Cafe has covered Wells Fargo's pay practices since 2009, when the Bank canceled prefunded employee recognition and rewards events in the midst of the Recession, blaming it on federal government restrictions on bank practices following the subprime mortgage crisis. That means your compensation plan, too.).

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A Word to the Wise, Once Again!

Compensation Cafe

"Employee pay has become a trending topic in media and online." That was the first sentence in the April 15, 2014 Compensation Cafe article. As I said back in 2014, when your company's internal practices become a topic for public discussion, you need to be alert. You can say, "So what?" How do you feel about this?

AON 40
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Creating a Culture of Well-being: The Key to Organizational Wellness

Terryberry

Another study found that for every dollar that was invested into a rehabilitation and exercise training program, organizations saw a $6 return in healthcare savings. Effective organizational wellness programs have also been shown to result in a 32% reduction in worker's compensation and disability claims. It's your people.

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How Well Do Numbers Speak for Themselves?

Compensation Cafe

Fiscal year 2106 total compensation was $860,198. Total compensation ranked fifth in the Big Ten , and three of those above her are being paid more than a $1,000,000. We do find out about her character, and perhaps her leadership, from the reporter's note that she's declined two raises since 2014. There's no way to tell.

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A Possible Direction for 21st Century Rewards

Compensation Cafe

I don’t think there’s anyone left to argue that the Pay Transparency train isn’t leaving the station, so we need to start thinking and talking about what this will mean for those of us who have to live with the consequences. Editor''s Note: Today''s post comes to us courtesy of guest contributor Tony Bergmann-Porter.

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Best Benefits for Engineering Firms

Winston Benefits

And competition will only grow; according to the Bureau of Labor Statistics , employment in engineering is expected to grow 4 percent between 2014 and 2024, with higher growth rates in biomedical, environmental and civil engineering. Financial and Savings Incentives. Learning and Development. Health Insurance.