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.

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. Talent Lifecycle Compensation

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.

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.

Video Saturday: Is Your Sales Compensation Plan Making Money?

Something Different

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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.

Why Clean Data is the Best Data

Cornerstone On Demand

Next I went into banking, and while "records" were not part of my responsibility, I relied on the data for my compensation analysis. As an example, the compensation department “owns” job codes. In today's HR landscape, data is having a moment.

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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!

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. We state our goal is to motivate people using equity compensation, but we really only grant to the top people right now.”

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.

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.

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

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.). Types of Workers’ Compensation Fraud.

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.

3 Proven Ways to Reduce Your Workers’ Compensation Costs

Insperity

If you’re looking for ways to save on workers’ compensation insurance, you’re well aware of the direct costs that you pay in premiums. When they do, a return-to-work program can create a direct cost benefit to the workers’ compensation claim.

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. Don’t assume that your equity compensation will be perceived as valuable.

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.

HR: Stewards of Compensation?

HRExecutive

Forbes contributor Robin Ferracone just posted this morning an interesting Q&A she conducted last month with Jerry McGrath, DHR International’s global HR practices leader, on the topic of HR’s role in determining executive compensation. She then offers five areas HR executives can focus on “to become the stewards of compensation” at their organizations: 1. Linking Talent to Strategy: Compensation has largely been a backward-looking exercise.

The Future of Workplace Wearables: Employees Are In

Cornerstone On Demand

Additional perks or compensation — such as a five percent end-of-the-year bonus, reduced health insurance premiums, exercise program discounts, extra vacation days, flexible schedule and less work hours — would encourage sign-ups as well.

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.

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.”

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.”. 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. When it comes to compensation we have two basic elements: base pay and variable pay. Deferred compensation.

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? What’s the goal of a compensation program communication plan?

The Pros and Cons of Tying Compensation to Performance Reviews

Reviewsnap

At Reviewsnap, we''ve seen firsthand the benefits delivered by a pay-for-performance structure that closely ties compensation to the performance review process. Like most human capital challenges, tying compensation to performance reviews has its share of pros and cons.

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. As part of this program, I received compensation for my time.

Social Engagement Tools Empower Compensation Managers to Interactively Engage Employees

Peoplefluent

Thursday, June 5, 2014 :00am. Social Engagement Tools Empower Compensation Managers to Interactively Engage Employees By Joe Sansone. Lets face it: compensation management is not exactly the sexiest of topics these days within most organizations.

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.

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Succession Planning Success: The Golden Rules for Future-Proofing Your Business

Visier

Also, look at compensation data: this is important, particularly in organizations where only so many people can get promoted to a certain level. Succession planning is about managing the risk associated with any type of critical skills gap.

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.

Human Resources Today – Resources for the People Side of Business

The People Equation

Disclosure: I receive no compensation for writing about or participating in Human Resources Today. A new site just launched called Human Resources Today.

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.

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One Way to Revive Tired Old Compensation

Compensation Cafe

I’ve been reading a lot lately about what Compensation will look like in the future and I remembered a project that I had once worked on. Yes, some companies offered flex benefits but this situation included cash compensation as well. What if they handed over control to employees to configure the amount of their own benefits, perks, and cash compensation creating a package unique to their own personal situations. Compensation needs to be too.

Sunday Reading: Business Etiquette, Work Valuation, and Dual Career Ladders

Something Different

Burt Helm over at Inc recently wrote a detailed profile piece spotlighting a man named Gabriel Bristol that went from being homeless to becoming the CEO of a call center with over 300 employee that will generate over $11 million dollars in revenues in 2014.

Why Should You Want to Work There?

All Things Workplace

But benefits and compensation were, perhaps surprisingly, toward the bottom of the list.

The 2020 Workforce: Misconceptions Between Management and Employees

China Gorman

employees is competitive compensation (84%) followed by retirement plans (75%), and vacation time (62%). 39% of employees say higher compensation would increase loyalty and engagement with their current job.

Nonessential Work Does Not Require Compensation

Compensation Cafe

Circuit Court of Appeals, which had found that the screenings were an integral part of the warehousing job done for the benefit of the employer and should be compensated. serves on the Advisory Board of the Compensation and Benefits Review and will express his opinion on almost anything.