Why Your Compensation Management is Failing to Attract and Retain

ClearCompany HRM

Compensation – it is so tightly connected with performance management, attraction and retention. Ventana research revealed the top goals for compensation management among the companies they studied are to better align the workforce to strategy and goals while improving efficiency. Employee Retention Talent Attraction Compensation Talent Lifecylce Compensation Management Yet, all of these processes are incredibly disjointed.

A Clear View of the Talent Lifecycle: Compensation [Part 5]

ClearCompany HRM

The average time-to-hire is at a 5 year high, and the skill gap is widening; employers are having a harder time than ever managing the balancing act that is compensation. With 52% of employers ranking hiring and retaining talent at the top of their business challenges, it is vital to get compensation right. Talent Lifecycle Compensation

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Trust in Leadership Affects Employee Retention #EWS2014

The People Equation

I’m a sponsored blog partner with Spherion (a staffing and recruiting organization) and am participating in the release of findings from Spherion’s 2014 Emerging Workforce Study. This is the final in a series on Spherion’s research project, the Emerging Workforce Study 2014. As part of this program, I received compensation for my time.

13 Talent Attraction Stats for the Perfect Company Pitch

ClearCompany HRM

Company Culture Employer Branding Talent Attraction Mobile Recruiting Talent Lifecycle Compensation Recruiting, the first step of the talent lifecycle is insanely crucial to nail. Quality talent attraction is a growing concern for employers. In fact, a recent study revealed that 39% of employers have jobs that stay open for four months or longer due to the inability to find people with appropriate skills.

“I know the perfect person…”

HR Times

Posted by Robin Erickson on October 21, 2014. Filed under: Compensation and Rewards , Talent & Learning Tagged: recruiting , social media , talent acquisition , talent strategy. Compensation and Rewards Talent & Learning recruiting social media talent acquisition talent strategy Boosting recruiting and retention through employee referral programs.

Sunday Reading: Compensation, Community, and Exit Strategies

Something Different

Tony Bergmann-Porter , Principal and Owner of Compensation Consulting firm Yale Associates LLC, has a great post up on Compensation Cafe wherein he postulates about the future of total rewards in the U.S. <www.accu-chek.com.my> Sunday reading for 11.16.2014. He has some bold ideas, including a hypothesis that pay in the private sector will flatten over time, resembling the federal government’s GS schedule.

High Court Rules That Time Spent in Security Screenings Is Not Paid Time Under Federal Law

HRWatchdog

In a unanimous decision, the Court held that the time spent waiting to undergo and undergoing security screenings is not compensable under the FLSA. Compensation Workplace Policies Yesterday, the U.S. Supreme Court issued its long-awaited decision in Integrity Staffing Solutions, Inc. Busk , a case involving the issue of whether the time a worker spends in security screenings should be paid time under the Fair Labor Standards Act (FLSA).

7 Trends to Expect in 2015

Cielo HR Leader

Trend 5: Compensation (1) and job security (2) matter most to your employees. According to the aforementioned SHRM survey, the top-4 “Job Satisfaction Aspects” of 2014 were as follows: 1.) Compensation (60% say this is “very important”). Interestingly, compensation jumped from the No. 1 in 2014. created high school internship programs in 2014.

The Supreme Court Decides on the FLSA and We Listen

OmegaHR Solutions

The workers argued this was compensable time. Sometimes there are things that need to be done before and after they start their work for which they must be compensated. Fisher & Phillip s in their notice said “ It argued that because the screening process has no relationship with what the employees ordinarily do while on the job, it is not related to a principal activity and is not compensable. Warehouse workers wanted pay for the time it took to go through security.

A Report Card on my HR Predictions for 2014

OmegaHR Solutions

This time last year I made the following predictions on what would happen in HR compliance in 2014. The year 2014 is a midterm election year. But not in 2014. There will continue to be legislation introduced into Congress that strives to limit executive compensation. Unlike the minimum wage, if the Republicans win the Senate, there will be no traction beyond 2014 either. I think 2014 will be an active year. How good were my grades?

Video Saturday: Is Your Sales Compensation Plan Making Money?

Something Different

<www.howtostartablogforfree.com> David Marshall, CEO, PerformanceCentre International, provides advice on maximizing the return on your sales compensation plan including: Looking at a sales plan from a purely financial view, the importance of mindset, setting measures that can be controlled, a methodology for driving pay for performance.

How the City of Denver Hires Superstar Tech Talent

Cornerstone On Demand

To stay competitive and attract top talent, smart public sector hiring teams are focused on fulfilling employee needs beyond compensation and benefits — emphasizing personal satisfaction and accomplishment in the recruitment process. Broadly speaking, global satisfaction among public sector employees in 2014 is at 59 percent, according to the Federal Employee Viewpoint Survey Results conducted by the U.S.

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10 Surprisingly Easy Ways to Retain Your Employees

TalentCulture

HR Technology Workplace Culture and Innovation Ava Collins compensation employee retention valuing employees Hands down, the most important investment you could possibly have in your company is your employees. Are you investing a large percentage in hiring the right employees? Do you have a winning team? If so, employee retention should be your top priority. Here are 10 surprisingly easy ways to achieve it. Develop an employee retention strategy.

Compensation Cafe: Give Your Employees the Benefit of Space

RecognizeThis!

Today on Compensation Cafe I wrote about the mostly negative impact of open offices and how they actually detract from stated goals of increased collaboration, discussion and innovation. Employee Engagement compensation cafe office space open office by Derek Irvine. Recognize This! – We spend more time at work than anywhere else (while awake). The space we work in can be a key contributor to engagement, enablement, and productivity. Does your office have an open office plan?

Weekly Must-Reads: Citi Trades Desks for Workplace "Neighborhoods"

Cornerstone On Demand

” There’s one for compensation and another for learning and development, for example. The top stories HR pros need to know this week. From assigned desks to flexible neighborhood. Just as leaders in the young adult fiction series Divergent broke their society into five “factions,” Citi’s managing director and COO of HR split the company’s office into “neighborhoods.”

Employees Need to Own Their Success

HR Bartender

The way to achieve that is by hiring great people, giving them the right tools, offering good benefits and competitive compensation, rewarding and recognizing excellent work, and providing them with future opportunities. During the HR Technology Conference , I was chatting with someone about job titles. She had heard the most interesting title – Vice President of Employee Success. It didn’t sit well with me then and the more I think about it…it still doesn’t.

Compensation Cafe: Promotions, Bonuses, Raises, Recognition – When They Work (and When They Don’t)

RecognizeThis!

My post this week on Compensation Cafe was triggered by it being “the season of giving.” Bonus & Incentives Social Recognition bonuses compensation cafe promotions raises recognition and reward Recognize This! - You can’t give all employees promotions, bonuses, or raises. They become an expectation and it’s a very poor use of budget. Social recognition, however, can be applied to all.

Employee Engagement and Company Mission: What’s the Connection? #EWS2014

The People Equation

I’m a sponsored blog partner with Spherion (a staffing and recruiting organization) and am participating in the release of findings from Spherion’s 2014 Emerging Workforce Study. That’s what I homed in on when reviewing results from Spherion’s latest research project, the Emerging Workforce Study 2014. As part of this program, I received compensation for my time.

3 Important Elements of the Employment Life Cycle #EWS2014

The People Equation

I’m a sponsored blog partner with Spherion (a staffing and recruiting organization) and am participating in the release of findings from Spherion’s 2014 Emerging Workforce Study. You can view the full, detailed PDF infographic from Spherion here: Emerging Workforce Study 2014 Infographic. As part of this program, I received compensation for my time.

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Compensation Cafe: 2 Things to Get the Most Out of Employee Recognition Programs

RecognizeThis!

Check out my post today on Compensation Cafe for a deeper dive into a September 2014 report from Aberdeen, “Next-Level Employee Recognition.”. by Derek Irvine. Recognize This! – Measurable, peer-to-peer recognition set apart average employee recognition efforts from Best-in-Class programs. Results are obvious to the bottom line. The report highlights two key features of best-in-class employee recognition programs.

The Beowulf of Compensation

Compensation Cafe

No compensation plan, philosophy or process is interesting enough to be carried down through 10 years of oral history, much less 1,000 years. But, a seemingly large number of companies are crippled by processes, plan details and compensation philosophies that depend on a tradition of oral history. We state our goal is to motivate people using equity compensation, but we really only grant to the top people right now.” Being a compensation professional is difficult.

Top 10 Talent Trends

Cielo HR Leader

Summer is in full swing, and 2014 has reached the halfway point (albeit a couple of weeks ago, on July 1). As the year continues to race by, today we take a step back to recap the most noteworthy 2014 statistics to date. ERE recently conducted their 2014 State of Recruiting study —surveying 1,300 recruiters, recruiting leaders, hiring managers, HR leaders and C-level executives to gain direct insight into today’s recruitment industry. It’s midway through July.

The Complexity of Globalizing Compensation

Compensation Cafe

It is becoming popular to globalize compensation/benefits plans that, back in the old days, would have remained completely local. The reason is to ensure companies have a globally aligned and integrated compensation/benefits strategy and to prevent duplication of effort. It is as though Corporate Compensation/Benefits looks at each plan it has in the U.S. (or Ripple effects: “Total compensation” includes base pay, bonuses and often the value of some fringe benefits.

At the Heart of Healthcare

Cielo HR Leader

February (2014) has been proclaimed American Heart Month, a time we “renew our fight, both as a Nation and in each of our own lives, against the devastating epidemic of heart disease.”. In recent weeks, we’ve scoped out the 2014 Healthcare Hiring Outlook and taken a look at how the Affordable Care Act (ACA) will impact recruiting. “Maintaining a strong heart is key to a long and healthy life,”. … so explains U.S. President, Barack Obama.

Retaining the Technical-Elite

Cielo HR Leader

Increased compensation (17%). compensation continues to be the number one reason technical veterans are leaving their current positions—specifically, 75% of surveyed respondents cite pay as the reason quality tech talent is leaving. Compensation (10%). In 1997, newspaper advertisements generated the most hires (28.7%) of all job-seeking platforms.

Tips for Preventing Fraud in Workers’ Compensation Claims

HR Daily Advisor

Most employers understand the benefits of workers’ compensation insurance. In the past, these suits were the only way for an employee to get bills covered, so they were much more common—workers’ compensation is in place to reduce this issue.). But even with all these benefits of a workers’ compensation program, there can still be drawbacks. Types of Workers’ Compensation Fraud. Fraudulent activity can occur at all stages of a workers’ compensation claim.

What Do Employees Want Most? Appreciation and Good Relationships at Work

RecognizeThis!

But one particular finding struck me as most enlightening – regardless of desire to relocate, all respondents “are putting more emphasis on intrinsic rewards and less on compensation.”. Indeed, the top two key findings of our most recent Fall 2014 Workforce Mood Tracker report found that (1) peer relationships are critical to the modern work experience because of amount of time we invest at work, and (2) having friends at increases commitment to the company. Recognize This!

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Money for Motivation: How Incentive Based Pay Works

UpstartHR

Last week I was talking with some folks about using compensation to drive employee behavior, and it occurred to me that I have never shared anything about that topic here. Even small companies ( I’m looking at you, Mr/Ms HR Manager of a company with less than 250 employees ) can incorporate these elements into their compensation planning without too much stress. When it comes to compensation we have two basic elements: base pay and variable pay. Deferred compensation.

The Gift Cardification of Equity Compensation

Compensation Cafe

This time every time your read “gift card” replace that term with the type(s) of equity compensation offered by your company. As they say: ’Tis the season” to understand the impact of your compensation programs. 4 Things You Can Do to Avoid the “Gift Cardification” of Your Equity Compensation. First, treat your equity compensation in way that shows you understand the recipient. Don’t assume that your equity compensation will be perceived as valuable.

Pharmageddon in MEA – People, as Important as Products

Cielo HR Leader

Nearly 50% are changing remuneration/compensation plans to specifically tackle the risk of losing key personnel. Here at Cielo, in the Middle East & Africa (MEA) , we are in the enviable position of hosting the region’s leading roundtable events for HR leaders in the Pharmaceutical and Life Sciences industry. Our quarterly events are attended by many prominent global players from across MEA, and the most recent session revealed a number of intriguing talent trends.

What Are Your Employees Up To? How to Uncover the Truth with a Time Tracking System

Insperity

Find out how Insperity® Time and Attendance can help ensure your employees are working the right hours, in the right place — and are accurately compensated for their time. Time and attendance automation can be a beautiful thing. It can cut down on errors from manual processing and the time it takes to reconcile your payroll. But, don’t stop there. It also can help your human resources strategy and improve your bottom line.

Compensation Reigns as the King of Job Satisfaction

Reviewsnap

The report flies in the face of a body of research that claims compensation isn’t a significant contributor to job satisfaction. SHRM says that 60 percent of surveyed employees rated compensation/pay as “very important,” while another 36 percent rated it “important.” Just two years ago, compensation was ranked third among contributors to job satisfaction, eclipsed by job security and opportunities to use skills/abilities.

2014’s Top 10 Posts

HRExecutive

Below are links to the top 10 most-read posts of 2014, according to Google Analytics. The post 2014’s Top 10 Posts appeared first on HRE's The Leader Board. ADA background checks compensation employee policies HR leadership HR profession legal issues legislative talent management

Inclined to Collaborate? You Should Be

All Things Workplace

A high IQ doesn''t compensate for low EQ. "Collaboration is a key driver of overall performance of companies around the world. Its impact is twice as significant as a company’s aggressiveness in pursuing new market opportunities (strategic orientation) and five times as significant as the external market environment (market turbulence).". As a general rule, global companies that collaborate better, perform better. Those that collaborate less, do not perform as well.

System 159

HR’s Guide to Compensation Communications

GuideSpark

Helping your employees navigate through their compensation confusion creates a win-win for your company and employees! Are your employees keyed in on the finer points of your company’s employee compensation program? More than half (53%) of respondents in Payscale.com’s 2014 compensation survey felt their organization does not offer manager training to teach them how to talk to employees about compensation. Who should deliver the compensation communications?