Compensation Cafe

AUGUST 8, 2018

No reinforcement program or incentive plan works forever; but they seem to last forever, lingering on long past the day when their effectiveness expired. Every experienced compensation professional knows it is extremely difficult to disengage from any system seen as a significant part of the total reward “contract” with employees.

Compensation 76

Compensation Planning Tools HR Software Background screening 76

Compensation Cafe

DECEMBER 15, 2021

Editor's Note: In this Classic post, Jim Brennan shines a light on the challenges of rewards work and the surprising discovery that awaits many compensation pros who choose the field in an effort to escape the squishiness of other HR specialties and immerse themselves in quantitative certainty. Compensation is harder than rocket science.

Compensation 52

Compensation HR Planning HR Software Planning Tools 52

Compensation Cafe

JULY 24, 2019

Editor's Note: Incentives are a tool. Incentives are not the cause of bad reinforcement programs, any more than forests should be blamed for the existence of warfare. Because incentives are powerful, they should be designed and implemented with great care. Jim Brennan expounds. It was a hell of a good place to write tickets.”.

Planning Tools 40

Planning Tools HR Software Compensation System 40

HR Digest

APRIL 19, 2022

As the sector faces a quit rate approximately double that of the wider economy, and nearly 40% of restaurants claim they are understaffed, more restaurant chains are offering bonuses and perks in an effort to retain employees. These perks and incentives have ranged from increased compensation to same-day pay to vacation reimbursements.

Bonuses and Incentives 98

Bonuses and Incentives Retention and Turnover Time and Attendance Compensation 98

Astron Solutions

OCTOBER 2, 2018

A 2016 WorldatWork survey found that 76% of employers were using signing bonuses to attract key employees. Signing bonuses are described as “a lump sum of money that an employer provides to a prospective employee. It is the employer’s hope that the extra money will be an incentive for the prospect to accept the job offer.

Talent Acquisition 60

Talent Acquisition Hiring Software Recruiting Software Bonuses and Incentives 60

Compensation Cafe

SEPTEMBER 14, 2016

The only thing worse than an incentive that doesn’t work is one that works all too well. Wells Fargo is just the latest company to be ethically embarrassed and financially distressed by a fiasco involving excessively motivational incentives. The moral hazard problem is not industry-specific or even an issue about incentives.

Bonuses and Incentives 40

Bonuses and Incentives HR Planning Compensation Planning Tools 40

Compensation Today

NOVEMBER 28, 2016

PayScale invited more than 250,000 professionals and business executives to participate in our 2017 Compensation Best Practices Report (CBPR) survey. From the results of this survey we will produce the 2017 CBPR and reveal critical compensation trends that will help you upgrade your profession. Participate in the Future of Comp!

Compensation 40

Compensation Survey Bonuses and Incentives Payscale 40

Zenefits

DECEMBER 4, 2018

Here’s something else that a lot of employees look forward to this time of year: holiday bonuses. Holiday bonuses can take a few different forms: An extra check given around the holidays. And if you give out holiday bonuses at all, then every employee should receive something. Other Types of Bonuses.

Bonuses and Incentives 31

Bonuses and Incentives Zenefits Compensation Payroll 31

Vantage Circle

NOVEMBER 30, 2022

Extrinsic rewards are a type of incentive that motivates people by rewarding them with something tangible — such as praise, fame, or money — for achieving a specific goal. The incentives must be extraordinary in order to spur your team's competitive nature to finish a task that requires extra effort or has a short deadline.

Bonuses and Incentives 105

Bonuses and Incentives Planning Tools Assessment Software HR Software 105

HR Daily Advisor

APRIL 26, 2017

The analysis found total pay for CEOs increased 6% in 2016, up from the 4% median increase in 2015. The analysis, based on 365 S&P 1500 companies with consistent CEOs that filed proxies disclosing 2016 pay by the end of March, found that CEO salaries increased 2% in 2016, following a 2% increase in 2015.

Bonuses and Incentives 54

Bonuses and Incentives Study Compensation Analysis 54

Reviewsnap

JANUARY 6, 2015

There are a wide variety of compensation plans in the corporate world, but if you’re a startup which one is the best option? When you’re looking to grow your team, it can be overwhelming deciding how to compensate your future employees while taking the compensation thresholds of your current employees into consideration.

Compensation 40

Compensation Bonuses and Incentives Planning Tools HR Software 40

Compensation Cafe

NOVEMBER 23, 2016

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?

Compensation 40

Compensation Groups Reward Management Performance Management 40

Compensation Today

MARCH 12, 2015

Taylor, PHR, The HR Writer You may not be surprised to hear me say that compensation programs can be difficult to understand at times. Compensation programs can be complex, leading to confusion for some employees. Employees need to know and understand your compensation and benefits programs to stay engaged and productive.

HR Planning 40

HR Planning Compensation Bonuses and Incentives Handbook 40

General Information Services

NOVEMBER 21, 2018

Post-incident drug testing policies and safety incentive programs would only violate 29 C.F.R. Drug testing under a state workers’ compensation law. Incentive programs may be used to promote workplace safety and health. OSHA’s new interpretation permits and encourages safety incentive programs for employees.

Bonuses and Incentives 40

Bonuses and Incentives Guidelines Policies Report 40

Compensation Today

AUGUST 25, 2015

Thanks to massive publicity, we’ve all got a front-row seat for the Murphy’s Law of compensation scenarios unfolding as we speak. What started as a noble intention has spiralled into a compensation can of worms. These are both legitimate concerns and are two of the most significant issues with equitable compensation practices.

Compensation 40

Compensation Bonuses and Incentives Planning Tools System 40

Compensation Cafe

NOVEMBER 3, 2021

Not one of the 25 human resource or compensation professionals I randomly polled (most had called me on other matters) admitted to supplying any special reward for employees who train others in addition to other duties. The manner in which you deliver compensation frequently delivers a stronger impact than the amount dispensed.

Talent Experience 52

Talent Experience Compensation Performance Management HR Software 52

Compensation Cafe

SEPTEMBER 4, 2018

Editor's Note: In today's Classic, Jim Brennan reminds us of the role that pay - specifically cash compensation - can and must play in an overall reward program and ultimately the value proposition that you offer employees. . Although all rewards don’t jingle, compensation has to be right up front in the sequence of total rewards elements.

Compensation 79

Compensation HR Software Payroll Performance Management 79

Compensation Today

OCTOBER 19, 2015

Jenni Marquez, CCP, PayScale Compensation Professional Even the most seasoned HR professional might take a big gulp if approached by their CEO to take charge of anything comp. That’s because, despite being part of the HR department, compensation is like the cool kid at a party. You know, the one you’re afraid to talk to.

Payscale 40

Payscale Compensation Hiring Software Planning Tools 40

Compensation Cafe

JANUARY 20, 2021

Raising grade ranges despite flat market movement and granting cash payments in lieu of base increases are always popular topics in compensation forums. There are many mistakes about compensation that are easy to make. Similar “crimes” against equitable justice might be found in many compensation systems.

Hiring Software 52

Hiring Software Compensation Benchmarking HR Software 52

Compensation Cafe

JANUARY 6, 2020

Although we are continually reminded to be alert for perverse incentives , little is usually said about the proper use of disincentives. If being included in a bonus pool is a positive motivational incentive, shouldn’t being restricted from participation be considered a negative punishment? Negatives have positive aspects.

Bonuses and Incentives 52

Bonuses and Incentives Compensation HR Software Compliance 52

HRWatchdog

MARCH 14, 2019

According to the DOL, this increase could result in more than a million additional American workers eligible for overtime compensation. In March 2014, then-President Barack Obama directed the Secretary of Labor to begin creating new federal overtime rules, and by June 2015, the DOL announced their proposed rule. Yes, you do.

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Bonuses and Incentives Compensation Meeting 57

Precheck

JULY 11, 2017

Healthcare employers can offer student loan debt assistance as an incentive to attract young talent entering the field. SoFi , a student loan refinancing company, reported that in 2015 they saw a “300% increase over the past two years in employer adoption of student loan assistance benefits.”. It’s a win-win for all. What do you think?

Recruitment 85

Recruitment Bonuses and Incentives Retirement Career Development 85

Compensation Cafe

DECEMBER 10, 2014

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. Explaining consistently to all employees, how the budgets have been allocated for merit increases and bonuses.

Bonuses and Incentives 45

Bonuses and Incentives Compensation eBook Performance Management 45

Compensation Cafe

SEPTEMBER 4, 2018

Editor's Note: In today's Classic, Jim Brennan reminds us of the role that pay - specifically cash compensation - can and must play in an overall reward program and ultimately the value proposition that you offer employees. . Although all rewards don’t jingle, compensation has to be right up front in the sequence of total rewards elements.

Compensation 55

Compensation HR Software Payroll Performance Management 55

Compensation Cafe

SEPTEMBER 27, 2021

Most of the people I hang with are still pretty much compensation people rather than Talent Managers or Total Rewards professionals, so when they are presented with a problem, guess what gets addressed first? James (Jim) Brennan is an independent compensation advisor with extensive total rewards experience in most industries.

HR Software 52

HR Software Compensation Talent Experience Talent Management 52

Compensation Cafe

MAY 22, 2019

Amid all the buzz about perverse incentives that backfire, lessons about punishments that reward undesirable performance should be shared, too. . A month on bread and water in solitary was a perverse incentive. James (Jim) Brennan is an independent compensation advisor with extensive total rewards experience in most industries.

Compensation 40

Compensation Performance Management Examples Industry 40

Compensation Cafe

NOVEMBER 30, 2015

Why do we compensate employees? But compensation professionals (and readers of this blog) know the pay cheque is but one part of a very complex agreement between employer and employee to maximize a mutually beneficial relationship. in 2015), companies clearly need to do more to keep top performers interested.

Employee Recognition 40

Employee Recognition Compensation Employee Engagement Analysis 40

Decusoft

APRIL 6, 2021

Are you new to the Executive Compensation management field? Do you want to ensure that you have the fundamental knowledge necessary to establish Executive Compensation plans that will help to attract, motivate and retain the talent necessary to achieve your corporate objectives? Presented by: Joseph Sorrentino and Steven Hall Jr.

Compensation 52

Compensation Bonuses and Incentives Metrics Planning Tools 52

True Faith HR

FEBRUARY 17, 2011

But, let''s look at what compensation public sector school teachers do and do not receive. Unlike most private sector employees, there is no promotional ladder to climb that promises higher compensation and benefits. An AP History teacher in 1995 will still be an AP History teacher in 2005, 2015, and 2025 (if they are still teaching).

HR Planning 99

HR Planning Bonuses and Incentives Compensation Course 99

Analytics in HR

APRIL 19, 2018

A US consumer goods company recently learned that its incentive package is popular in core business and IT areas, but not among analytics talent; specifically, retention bonuses were less effective. In 2015, a mobile gaming company hired an ex-Wall Street quant to manage analytics recruiting. Unclear career tracks.

Analytics 44

Analytics Talent Experience Bonuses and Incentives HR Function 44

Compensation Cafe

OCTOBER 19, 2018

The compensation tool chest continues to grow. Well, not exactly; but the well-seasoned compensation professional would be smart to hold on to the ideas, plans, programs and tricks that worked well in the past. For those who want to know more about each, many articles, books and texts on compensation cover all those topic categories.

Planning Tools 40

Planning Tools HR Software Tools Compensation 40

Compensation Cafe

AUGUST 16, 2022

James (Jim) Brennan is an independent compensation advisor with extensive total rewards experience in most industries. After corporate HR posts and consulting CEO roles, he was Senior Associate of pay surveyor ERI before returning to consulting in 2015. There is always more than one way to skin a cat.

Planning Tools 52

Planning Tools HR Software Compensation Performance Management 52

PlanSource

AUGUST 26, 2019

In this week's edition, we cover a new incentive program for saving money on health care, how to approach financial education for millennials, employer-sponsored savings programs and more! Almost 75% of major employers offered some type of telehealth benefit in 2018, up from just 27% in 2015. Click To Tweet.

HR Planning 40

HR Planning Planning Tools Bonuses and Incentives HR Software 40

Compensation Cafe

NOVEMBER 4, 2016

In a survey conducted from June 7 through June 17, 2010, absolutely none of the 25 human resource or compensation professionals randomly polled (most had called me on other matters) admitted to supplying any special reward for employees who train others in addition to other duties. Image by nedel_neln, courtesy of Creative Commons.

Talent Experience 40

Talent Experience Compensation Performance Management HR Software 40

HR Daily Advisor

MARCH 11, 2015

Before you start thinking about total reward statements, Rubino says that other basic compensation program objectives should be met. A compensation program must be: Internally equitable. Need to revisit your compensation plans for 2015 but don’t know where to start? Externally competitive. Affordable. Learn More.

Payscale 40

Payscale Background screening Bonuses and Incentives Compensation 40

Compensation Cafe

APRIL 15, 2020

Even compensation experts, supposedly the most analytical of HR types, have difficulties with data. Even in the numbers-oriented world of compensation management, Scientific Wild-Ass Guesses (SWAGs) still are required sometimes. All decisions are B.A.D. decisions, relying on the Best Available Data known at the time.

Compensation 59

Compensation Data Benchmarking Guidelines 59

Compensation Cafe

APRIL 3, 2019

Even compensation experts, supposedly the most analytical of HR types, have difficulties with data. Even in the numbers-oriented world of compensation management, Scientific Wild-Ass Guesses (SWAGs) still are required sometimes. Editor's Note: Even in the age of AI, ML and even TMI, SWAGs based on B.A.D. are still necessary.

Compensation 55

Compensation Data Benchmarking Analytics 55