INDUSTRY INSIGHTS YOUR PEERS ARE READING
Why ask managers and employees about how they understand pay for performance, when you're not planning to change the performance management process any time soon? I've finally come up with a good comparison that I want to share with you. Is it being used at all? MORE
Pundits raging at overpaid CEOs indignantly declare that regular workers instead should benefit from the obviously “excessive” sums paid to top executives. At least, few seem to disappear. More and more money to fewer and fewer people seems to be the trend today. MORE
It's especially easy for us to get bogged down in the weeds right now, and it's exactly the wrong time for it if we're going to shine at recruiting new talent. With certain job levels, the link between incentives and the company's mission would be quite valuable, too. MORE
A closer look at the data shows that 15% of employers awarded merit increases of up to 2.5% to senior management, 19.1% awarded as much to employees at the management level, 19.7% awarded it to non-management salaried exempt employees, 20.6% At an average of 23.6% MORE
Instead, think about turning the ideas into authentic efforts at persuasion for your employees. Positive visibility should help, and one reliable channel is end-of-year communications about pay practices, bonus awards, company results, team achievements and so on. MORE
Perhaps you have heard the following concept in a conversation about performance management, ratings, and the subsequent compensation decisions: “When compared externally , we’re a superior company. In this case, variable remuneration is therefore commission-based and not bonus-based. MORE
Buckingham dealt less with the more formal aspects of performance management but it’s this that was covered extensively in the Harvard Business Review. Actual performance accounts for only 21% of the variance. So traditional performance reviews are clearly very unlikely to work. MORE
The reasons may be seem obscure to outsiders, but they are clear to those who follow the arcane practices of the wage and salary management field. A glance at any sample of people walking by shows how others are dressed, allowing you to adjust accordingly. MORE
Fortunately, there are time-tested actions that you can follow including these three listed in a recent Harvard Business Review "Management Tip of the Day.". In comparison, while many in our field are biased against consultants, you can count on most to challenge potential biases. MORE
In recent times, many companies euphorically and rather media-effectively jumped on the bandwagon of abolishing performance ratings. Most, however, were still trying to hang onto their legacy pay-for-performance concepts based on individual objectives. MORE
If you’re a small or midsize business (SMB) that does annual performance reviews, I have some terrible news. Annual performance reviews are dead. A staple of performance management since the 1950s, gone forever. Jump to: What should stay: Performance ratings. MORE
ATS Bonuses and Incentives Comparison Performance Management Compensation Cafe
APRIL 19, 2017
Why ask managers and employees about how they understand pay for performance, when you're not planning to change the performance management process any time soon? I've finally come up with a good comparison that I want to share with you. Is it being used at all?
Strategic HCM
JULY 1, 2015
Buckingham dealt less with the more formal aspects of performance management but it’s this that was covered extensively in the Harvard Business Review. Actual performance accounts for only 21% of the variance. So traditional performance reviews are clearly very unlikely to work.
Compensation Cafe
APRIL 27, 2017
It's especially easy for us to get bogged down in the weeds right now, and it's exactly the wrong time for it if we're going to shine at recruiting new talent. With certain job levels, the link between incentives and the company's mission would be quite valuable, too.
Compensation Cafe
JANUARY 20, 2016
The reasons may be seem obscure to outsiders, but they are clear to those who follow the arcane practices of the wage and salary management field. A glance at any sample of people walking by shows how others are dressed, allowing you to adjust accordingly.
Compensation Cafe
DECEMBER 7, 2016
Fortunately, there are time-tested actions that you can follow including these three listed in a recent Harvard Business Review "Management Tip of the Day.". In comparison, while many in our field are biased against consultants, you can count on most to challenge potential biases.
Compensation Cafe
APRIL 12, 2016
Pundits raging at overpaid CEOs indignantly declare that regular workers instead should benefit from the obviously “excessive” sums paid to top executives. At least, few seem to disappear. More and more money to fewer and fewer people seems to be the trend today.
Capterra
OCTOBER 10, 2018
If you’re a small or midsize business (SMB) that does annual performance reviews, I have some terrible news. Annual performance reviews are dead. A staple of performance management since the 1950s, gone forever. Jump to: What should stay: Performance ratings.
Compensation Cafe
SEPTEMBER 28, 2017
Instead, think about turning the ideas into authentic efforts at persuasion for your employees. Positive visibility should help, and one reliable channel is end-of-year communications about pay practices, bonus awards, company results, team achievements and so on.
HR Daily Advisor
AUGUST 16, 2017
A closer look at the data shows that 15% of employers awarded merit increases of up to 2.5% to senior management, 19.1% awarded as much to employees at the management level, 19.7% awarded it to non-management salaried exempt employees, 20.6% At an average of 23.6%
SuccessFactors
FEBRUARY 6, 2017
Perhaps you have heard the following concept in a conversation about performance management, ratings, and the subsequent compensation decisions: “When compared externally , we’re a superior company. In this case, variable remuneration is therefore commission-based and not bonus-based.
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