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Performance Management Tools: The Ultimate Guide

Primalogik

Performance management tools have become essential to HR operations. Not only do they assist the HR department; they also help managers throughout the organization to guide their teams to success. Consider that only 2% of companies feel they have a great approach to performance management. Table of Contents 1.

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What Does a Bonus Mean?

Compensation Cafe

After all, we often don't make much of a communication effort when we award bonuses. No wonder employees typically look at them as a gift, as the behavioral economists tell us. So, you could say that they are also checking that your company's performance matches your competitors, although not deliberately.

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Growing a Healthy Compensation Program -- Part Two

Compensation Cafe

So let's look at what can be learned from the case study of a start-up that quickly grows into a thriving mid-sized company. Case background: In the first article , we looked at the compensation habits of a company called Healthy Gadgets, a new medical device company that began with fewer than 100 employees.

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Quick Reminder on Performance Management Effectiveness

Compensation Cafe

I recently ran into a study on effective performance management practices that I want to share with you. Not because it says anything really new, but because it does a great job on focus and insight, attributes we can all use when it comes to performance management. Earlier, she was a Principal at Willis Towers Watson.

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‘Tis the Season to Evaluate Your Total Rewards Strategy

WorkHuman

A survey from Willis Towers Watson shows that pay raises for employees are expected to remain at 3% in 2017 – the same increase for the past three years. Interestingly, the same survey shows that annual performance bonuses will decline slightly next year, while discretionary bonuses will increase slightly. 3 in 10 U.S.

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If You Don't Give Raises This Year

Compensation Cafe

Who's good at handling this situation? Your trade-off program(s) should probably fall under categories like professional growth, career opportunities, work breaks, medium-term incentives and so on. I wouldn't even consider the recently relevant "work-at-home awards" financing home-office needs as a substitute.

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Having Trouble Unplugging?

Compensation Cafe

Closing the books on merit increases may be on schedule, but there are always loose ends to clear up before you get slammed with Q1 bonus and incentive work. Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.