Remove 2017 Remove Bonuses and Incentives Remove Metrics Remove Wellness

A Fresh Look at the Metrics in Your Management Incentive Plans

i4cp

Professionals in the human capital space are often confronted with questions about business performance metrics, especially when it comes to plan design for short-term and long-term incentives. More concerning is the likelihood that most managers don’t have a clue how to personally impact those results—bringing into question the whole notion of incentive. Boards of directors that reluctantly approve bonus payouts, when they know darn well the goals were sand-bagged.

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

HR Daily Advisor

How much of an increase in pay are your employees receiving in 2017? 2017 Merit Increases. across all employee types, 2.5-3% is the most commonly awarded amount among employers awarding merit increases in 2017. 2017 General Increases (Not Tied to Performance).

Are You Paying for Peripheral Vision?

Compensation Cafe

We seem to love to get granular with incentive plans. So many compensation professionals are tasked with not missing anything, they include darn near everything in their incentive plans. It is not a great evolutionary trait in incentive plans. The next metric may be 25-30%.

What Would Einstein Do (If He Had to Solve YOUR Pay Problems)?

Compensation Force

Well, help comes our way from an unexpected source: renowned physicist and Nobel Laureate Albert Einstein on solving tough problems under pressure. Base Salary Management Bonus/Incentives Compensation - General Metrics/Analytics Pay for Performance

Because only 10% of your team really matters, right?

What is Paul Thinking

Say you have 100 sales people (or employees with a quantifiable metric) and you want to do something to drive increased performance. Most of the time you, or your VP of Sales will suggest an “incentive” program to get people focused on sales and reward those who sell more.

Cafe Classic: Before You Link Pay to ANYTHING.

Compensation Cafe

As any of us who've considered using customer feedback metrics in incentive design know, this can be a potential minefield. Markey's cautionary advice on pay linkage is well written and worth our consideration beyond the boundaries of customer feedback metrics.

This One Food Will Add 15 Years to Your Life!

Compensation Cafe

They are now focusing the majority of performance weighting on financial and operational metrics. The new focus is providing above average pay through short-term incentives. I’m sort of old.

Why Millennials Want More Feedback, More Often

Reflektive

Most millennials wear the generational label with pride, knowing they and their peers and more driven by impact than by pay , and are motivated by the same incentives that encourage us all to do our best work. Millennials are motivated by the same incentives that encourage us all to do our best work Click To Tweet. Because today’s technology enables communication to flow, millennials expect their workplace tools to be user-friendly as well. Everyone needs feedback.

33 Thoughtful Employee Recognition & Appreciation Ideas for 2017

SnackNation

33 Thoughtful Employee Recognition & Appreciation Ideas for 2017. Well, it’s not as easy as it seems. Free bonus: Download our entire Employee Award Templates Library. Employees give their co-workers gaming “gold” for jobs well done. Use your website well.

Employee Referrals: A Players, Diversity Hiring, and Key Benefits

UpstartHR

Another expert says that referrals should be one of the top metrics that talent acquisition leaders focus on. From an analytics perspective, being able to track quality of hire, time to fill, and other metrics and tie them back to the referral source is an incredibly valuable practice. Even offering financial incentives to employees for referrals is still a small price to pay for creating an army of talent scouts.

Pay the Friendly Way: United Airlines Ties Executive Compensation to Customer Satisfaction

Compensation Today

While they have done much to repair the damage, a recent development highlights how this is not only affecting their external customer satisfaction policies but their internal compensation policies as well. You’d have to live under a rock to be unaware of United Airlines’ recent PR challenges.

3 Ways to Ensure Fair Pay in Your Organization

Compensation Today

Don’t hesitate to set up a temporary premium for highly coveted skills or offer a signing bonus or salary booster for hot jobs. Don't hesitate to set up a temporary premium for highly coveted skills or offer a signing bonus or salary booster for hot jobs.

Comprehensive ‘Total Rewards’ Survey Details Employers’ Use of Various Programs

HR Daily Advisor

The total rewards examined in the survey range from traditional benefits with nearly universal use, such as defined contribution plans (98%) and dental plans (99%) to brand new boutique financial wellness ideas such as student loan debt repayment (4%).

5 Tips to Supercharge Your Employee Referral Program

Yello

You post high-priority positions on your company’s intranet, offer employee referral bonuses and cross your fingers employees will refer friends and former co-workers, but your referral pipeline remains nearly empty. According to The 2017 Yello Recruiting Study *, 96 percent of recent grads want to refer friends into their companies, so why aren’t referral pipelines bursting? As the empty position may create additional work, the hiring team often has more incentive to fill the role.

Is Your Company Following its Compensation Philosophy?

Workday

WorldatWork defines a compensation philosophy as “a statement explaining an organization’s beliefs about how people should be paid, as well as how that pay should support the business strategy and fit within organization culture.” With an articulated philosophy as a starting point, a company can map out a strategy for compensating workers—below, at, or above market rate—and the components of compensation, such as salary, bonus, and stock.

Creating a Desirable Employee Value Proposition (EVP)

HR Digest

According to LinkedIn 2017 Global Recruiting Trends report, the deciding factors for candidates remain to be career advancement opportunities (both financially and intellectually) and challenging work. While others may value bonuses, benefits, and work-life balance. As the U.S.

2019 HR & Compliance Web Summit: Executive Summary

Paycor

HR can and should add bottom-line value; be a strategic leader by focusing on key metrics and outcomes, such as: Return on Investment. The most successful HR teams map people management metrics to business outcomes. Metric: Time-to-Fill. Metric: Referral Rate.

Employees on the Brink: What’s their breaking Point? - Sapling Blog

Sapling

According to the Faas Foundation and Mental Health America, their 2017 survey of 17,000 U.S. Workers are struggling for appreciation and recognition for a job well done. We all wish for employees who wake up in the morning saying “Wow, I get to go to work today!”

A new business paradigm

Bersin with Deloitte

The need to create 21st century careers, improve the relevance of reward systems, focus on employee well-being, and address the issue of longevity in the workforce all rated as top 10 issues in the human capital agenda. The rise of the social enterprise. Posted by Josh Bersin on April 5, 2018.

CHRO 118

A new business paradigm

HR Times

The need to create 21st century careers, improve the relevance of reward systems, focus on employee well-being, and address the issue of longevity in the workforce all rated as top 10 issues in the human capital agenda. The rise of the social enterprise. Posted by Josh Bersin on April 5, 2018.

CHRO 72

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. Hootsuite’s brilliant Ryan Holmes describes his take on employee retention, and why it works so well. The Employee Burnout Crisis: Study Reveals Big Workplace Challenge in 2017.