Remove 2014 Remove Bonuses and Incentives Remove Compensation Remove Performance Management
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A Possible Direction for 21st Century Rewards

Compensation Cafe

It’s also clear that merit budgets will be small and flat for the foreseeable future, to the point that it will remain extraordinarily difficult to provide meaningful performance-differentiated pay increases – assuming that it will even be culturally or legally acceptable to do so in the first place. . Have at it.

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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.). What's the Point?

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Part III - Where Should We Take Employee Rewards in the Future?

Compensation Cafe

2014, The changing landscape of employee rewards: Observations and prescriptions. Part 1 of this series argued that employee compensation has become a stagnant field. First, benefits go to all, regardless of performance. Increase pay for performance. However, incentives are difficult to design, implement and maintain.

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Do Your Incentive Plans Motivate Choking?

Compensation Cafe

Could it be that we are designing and communicating incentives for our highest performance all wrong? This study specifically looked at the impact of incentives on motor and neurological performance in high-pressure situations. The real question should be what this may mean for future incentive plan design.

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Two Types of Compensation People

Compensation Cafe

Compensation people seem to come in two types: employee judges and employee advocates. Another group (which I will carelessly label "advocates") prefers to ignore individual performance distinctions and instead would confer identical generous compensation rights to all employees. Or am I seeing things that aren't there, again?

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How Human Resources Contributes to an Organization’s Strategy in 10 Ways

AIHR

To understand the cause-and-effect relationship between HR initiatives and business performance, lets take a look at the HR Value Chain model , which illustrates how HRs impact goes beyond soft people practices to delivering measurable value instead. They lead to efficiency.

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There May Still Be Enough Time!

Compensation Cafe

You may have already completed performance appraisal discussions, but performance should certainly be part of the discussion when 2014 increases and bonuses are covered with employees. Providing managers with prompts that can help them articulate their thoughts, especially if they find themselves in a tough spot.