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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. Or if you know anything about employee reactions?

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Superpower-based Compensation

Compensation Cafe

One of the interesting implications, highlighted in a recent interview that Tony Hsieh gave at Wharton’s 2016 People Analytic conference, is for the topic of compensation. In a holocracy, hierarchy is based on “purpose and not people,” which frees employees to move around the company from role to role.

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The Business Case for Employee Recognition and Rewards

Compensation Cafe

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. Compensation is, as I opened this post saying, a fundamental part of the employee contract.

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3 Ideas to Get More Bang for Your Compensation Buck

Compensation Cafe

Stretching the compensation dollar isn’t always about cutting back. To get more from your compensation investment, consider these three approaches. Rather, focusing on employee strengths and encouraging more emphasis and productivity in line with those goals delivers more impact in the short and long-term. Shorten the work day.

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What’s the Point? Decoupling Performance Reviews and Compensation

Compensation Cafe

While I enjoy blogging here on the Compensation Café , my primary (selfish) benefit of doing so is the tremendous amount I learn every day from my fellow bloggers and readers who regularly share deeply insightful and thoughtful learnings, lessons and applications in the broad field of compensation. Formal or informal? A combination?

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5 Pillars of a Successful HR Strategy

Achievers

For instance, every full-time employee should fill out an IRS W-4 form and I-9 form. Another important legal requirement is workers compensation. This type of coverage exists to protect you, your business, and your employees in case any of them get hurt or sick while working for you.” – Experts at USA Business Insurance.

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Improving Employee Engagement with Rewards and Recognition

Women of HR

These programs are usually not that expensive to implement or operate and can pay huge dividends in employee engagement and retention. Here are a few tips for improving employee engagement with rewards and recognition. The Gallup study, released in mid-2016, indicates that just one out of three U.S. More information.