Remove 2015 Remove Bonuses and Incentives Remove Compensation Remove Metrics

Woulda, Coulda, Shoulda: An Incentive Compensation Story

Compensation Cafe

Inside that company, worked a compensation professional (“Yolanda”) who juggled many projects. Not the least of them was the creation, design and management of the company’s long-term incentive program. She also combined all of these skills to build and manage her incentive compensation plans. This year the two main incentive plans did not perform as expected. She explained that the Compensation Department could only show the path to success.

Bonuses Remain the Top Priority for Raising Compensation

Compensation Today

Taylor, PHR, SHRM-CP, PayScale Senior Blogger Recently, I wrote about the sluggish state of the US economy and its impact on wages for the third quarter of 2015. While companies may not be raising salaries as progressively as desired, they are turning to other means to increase the compensation for their most-deserving employees by offering bonuses. Are employee bonuses the new compensation strategy? Will more employers offer bonuses? Tess C.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Life Cycles and Compensation

Compensation Cafe

Compensation programs need to adapt to these different stages as companies grow and evolve. For example, compensation plans needed for start-ups are very different compared to those needed for mature companies. Let’s see how the various stages impact compensation. . Compensation : Salaries are limited as companies are not flush with cash. There is no formal compensation program. Decisions on compensation-related issues are handled in a discretionary manner.

Suppressing Excessive Compensation

Compensation Cafe

Some giants in the compensation consulting community have spoken out in the past, motivated by a sincere sense of guilt for encouraging the tremendously disproportionate top executive pay that resulted from their prior yeoman work enabling unreasonable compensation. Compensation people often find themselves enabling actions depicted as social and economic evils. We could start with a metric higher than Peter Drucker''s famous old 25 times.

Develop Grow Achieve - 3 Tiers for P4P

Compensation Cafe

Metrics for development can be tricky when looking for direct alignment to pay. In individual terms we should focus on those metrics that drive growth, rather than the end result of growth. It is fine to include some aspect of the DEVELOP metrics for those newer to this level. Grow metrics and goals work especially well for short-term-incentive programs and as interim measurements in long-term incentive programs. Pay for performance continues to rise.

Executive Compensation 101: What to Consider

HR Daily Advisor

How do you decide the appropriate level of compensation? How do you align executive compensation goals with the overall company compensation philosophy? Creating an appropriate executive compensation package is vital to getting and keeping the best-suited executives for your organization. As with any role in the business, the compensation package should be tailored not only to the skills required but also to organizational needs. Other metrics?).

PayScale Tools for Today's Comp Pro! Compensation Glossary: Part 1 of 4

Compensation Today

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. We’ve compiled a list of fundamental compensation terms and why they’re important to know. 3) PAY POLICIES Definition: Statements on how you intend to administer the compensation plan.

If Money Were the Solution.

Compensation Cafe

Compensation would merely be a matter of dispensing the right sums. Roads and railroads would approach the safety record of airlines, whose safety and customer satisfaction metrics would also improve. serves on the Advisory Board of the Compensation and Benefits Review and will express his opinion on almost anything. If money alone could solve all problems, every issue could be reduced to an expense item. Life would be simpler.

Let’s Talk About the Trend Away From Base Pay Increases Towards Short Term Rewards

Something Different

…So this morning I read a great piece ( here ) from the NY Times highlighting a sea change in the way compensation is being managed in the U.S. Namely; the percent of annual payroll budgets dedicated to salary increases has shrunk from a high of 10% to a current level of 2.9%, and short-term incentives as a percent of payroll has skyrocketed from 3.9% (when Aon first started tracking the metric in 1988) to a record 12.7% Compensation hr human resources

Trends 130

Where Have All the Raises Gone?

Compensation Cafe

Last month The New York Times ran an article bemoaning the loss of pay raises in favor of one-time bonuses and non-monetary rewards. Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation. Aon Hewitt did not even start tracking short-term rewards and bonuses — known as variable compensation — until 1988, when they accounted for an average of 3.9 COLA for 2015 in the U.S.

Time Wasting: The Anti-Reward

Compensation Cafe

Is time wasting, as a product of poorly structured (and perhaps poorly incented) management undermining your reward program? Would they receive a poor performance review that would reduce their pay, bonus, or promotion potential? Should metrics be put in place to identify and reward leaders who get results while also being good stewards of employee time and energy? Are you ready to become famous for getting results -- with your compensation programs?

10 Rules for Employee Retention Your Competition Will Hate

Insperity

These metrics will help you give your employees clear direction and ensure their work stays on track. Consider productivity-based metrics that focus on your employees’ ability to meet deadlines. Some companies are offering unhappy employees a “pay-to-quit” bonus. This simple “perk” can be a big incentive for your employees to stay. Compensate. Performance bonuses are common in professional sports.

Total CEO Pay Rose 6% in 2016, Willis Towers Watson Study Finds

HR Daily Advisor

Increases in total compensation for chief executive officers (CEOs) at the nation’s largest corporations remained fairly moderate again last year, driven largely by uneven corporate performance, increasing bonuses, and a sharp decrease in the value of stock option exercises, according to a new analysis of proxy disclosures by Willis Towers Watson, a leading global advisory, broking, and solutions company. Annual bonuses increased 5% at the median, mostly flat with the previous year.

10 Rules for Employee Retention Your Competition will Hate

Insperity

These metrics will help you give your employees clear direction and ensure their work stays on track. Consider productivity-based metrics that focus on your employees’ ability to meet deadlines. Some companies are offering unhappy employees a “pay-to-quit” bonus. This simple “perk” can be a big incentive for your employees to stay. Compensate. Consider performance-based incentives that give your employees a chance to earn more money.

A Chrome Panda Predicts Demise of Stock Options

Compensation Cafe

But, in October of 2015 and again in April of 2016, their value was written down by major mutual funds, including Fidelity. These are smart moves but we compensation professionals know the real money is in base pay and long-term incentives. You may notice that since I grew up in San Jose, I often distinguish between San Francisco and the Silicon Valley, which are two fairly different places that share VC money, equity compensation and little else.)

15 Recruiting Techniques to Hire Like Box

Entelo

Fast forward to 2015, Box is a publicly traded company with nearly 1,600 employees, and the cloud is a virtual seventh heaven. We took note of Box's sourcing tactics, and the metrics and tools they used to build one of the top hiring orgs of all time. Over time, we also encouraged getting employee referrals into the process with incentives and bonuses. We were driven by metrics in a bit of a different way. Does compensation work for all recruiters?

Outsmart Unplanned (and Costly) Employee Overtime

Insperity

Paying employees overtime happens, and it may even be wise to include it in your compensation and staffing strategies. Your employees may work overtime hours without approval or without pay , feel burdened or burned out, see the distribution of overtime as unfair or wish for other ways to earn a bonus. Is overtime being used as an incentive or bonus without strategic oversight?

Outsmart Unplanned (and Costly) Employee Overtime

Insperity

Paying employees overtime happens, and it may even be wise to include it in your compensation and staffing strategies. Your employees may work overtime hours without approval or without pay , feel burdened or burned out, see the distribution of overtime as unfair or wish for other ways to earn a bonus. Is overtime being used as an incentive or bonus without strategic oversight?

BLR’s 2017–2018 Pay Budget and Variable Pay Survey

HR Daily Advisor

in 2015, 35.7% Myriad other challenges were also noted, including: Administering compensation: 14.5%. 2017 Bonuses. last year) paid bonuses to their exempt employees in 2017, with 18.4% (up from 15.7% last year) of those surveyed awarded bonuses to their hourly workers, with 21.6% last year) gave their senior management team members bonuses above 10% of base pay, and 21.2% (down from 24.5% 2018 Bonuses. last year) provide long-term incentives.

Relying on Traditional HR Will Lose You the Analytics Talent Race

Analytics in HR

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. The war for talent is raging across industries and countries, and nowhere is the fight more intense than in data science and analytics.

Examining Relationship Based Physician Recruitment

Hospital Recruiting

A March 2015 report by the forecasting firm HIS, Inc., Each of these metrics ties directly into the relationship-based nature of the recruitment process. Recruitment Planning— Before starting a physician search, all stakeholders–typically facility administrator, recruiters, and hiring physicians—should agree on position description, critical success factors, requirements and qualifications, and compensation and incentives (e.g. dotshock/123RF.com.

Annual Performance Reviews Aren’t Dead, but They Do Need New Life

Capterra

The Society for Human Resource Management (SHRM) suspected they were on their last legs back in 2015 before a number of sources officially called time of death earlier this year. Managers can have better conversations with their direct reports (who can focus on actual performance instead of ratings), employees don’t have to fret about their grades, and raises or bonuses can be doled out with more flexibility and nuance.

The Best Employee Retention Articles and Resources from Across the Web

ForUsAll

employees are eligible for bonuses four times a year, with biannual salary reviews. The metric we should be tracking is something I call “people movement,” and it’s the oxygen pulsing through a business.”. In 2015, their study of Marriott-managed full-service hotels in the U.S. High turnover to contend with? Low employee engagement giving you a headache? Workers looking for the door? Revitalizing your employee retention can be a daunting undertaking, but we’re here to help.