The Compensation Philosophy Conversation

Compensation Cafe

Given the priorities suggested from the above, what should our top objectives for compensation - and/or total rewards - be? At what level should salaries, cash compensation and total rewards be set relative to this competition? At median/average levels? Not at all?

Compensation Singularities

Compensation Cafe

Have you heard of the Compensation Singularity Rule? It turns out the client had applied the Compensation Singularity Rule. As wizened compensation professionals I’m sure that you’ve realized that I am being tongue-in-cheek; you have all likely faced this phenomenon in the past.

Compensation Transparency

China Gorman

B en Eubanks over at Lighthouse Research and Advisory has written a fascinating white paper on transparency. Being more forthcoming with our employees – and not just on compensation practices – will help us win the War for Talent.

A Clear View of the Talent Lifecycle: Compensation [Part 5]

ClearCompany HRM

The average time-to-hire is at a 5 year high, and the skill gap is widening; employers are having a harder time than ever managing the balancing act that is compensation. Talent Lifecycle Compensation

Charting Your Course Through Changing Regulations

Speaker: Bonnie Treichel, Senior Consultant & CCO, Multnomah Group

Compensation Dentistry (part 1)

Compensation Cafe

Compensation programs can often be the same. It is the rare compensation professional who gets excited about these impending issues. Just like the fact that most kids don’t grow up wishing to be a dentist, few compensation professionals aspire to be mavens of incentive plans.

Compensation Cafe: Power of Positivity at Work

RecognizeThis!

This week on Compensation Cafe I shared research out of the University of Michigan on how “positive practices benefit the company.” Click over to the Compensation Cafe post for the full picture… and be inspired, too. (A by Derek Irvine. Recognize This!

A Full Guide to Compensation and Benefits

Digital HR Tech

Compensation and benefits refer to the benefits a firm provides to its employees in exchange for their labor. Compensation and benefits are thus a key part of Human Resource Management. In this article, we will provide you with a full guide about compensation and benefits.

Educating Your Employees About Their Compensation

HR Bartender

I’d like to think if an employee doesn’t understand their compensation, it can be resolved with education. There’s more to compensation than the amount of money in an employee’s paycheck. I once worked for a company that told employees, “We survey employee compensation every year.”

Compensation Cafe: Why Friends at Work Matter

RecognizeThis!

– “Friendships at work” is not a soft topic. I couldn’t say everything I wanted to about the importance of friends at work in my post on this blog last week , so I continued the theme today on the Compensation Cafe blog. by Derek Irvine. Recognize This!

Tough Comp Conversations: A Guide For Doing Them Right

Speaker: Rusty Lindquist, VP Strategic HR Insights at Bamboo HR

Compensation can be tricky, few things carry as much emotional weight as comp. We’ll take an analytic look at comp’s role in the employee experience, and then we’ll get really tactical with guidance on very specific compensation conversations.

Rewarding Ambition: Determining Compensation Within Your OKR Process

15Five

One of the most common questions we get asked as leadership team coaches is how Objectives and Key Results (OKRs) should be used to determine salary, compensation, or bonuses. You’ve likely already heard that OKRs should not be tightly coupled with employees evaluation and compensation.

Why the Pay-for-Performance Compensation Strategy Fails

ClearCompany HRM

After seeing how pay-for-performance has worked out at Apple, for example, other companies may want to follow suit. Tips Strategy Employment Workplace Compensation HR Emplyee RetentionWhen a market leader implements a model , others follow.

Consider, Connect, Craft: 3 ways to improve compensation communication

Bersin with Deloitte

By leading the compensation conversation, you can help foster engagement and forge stronger relationships with your people. The days of squelching conversation about compensation are over. What can your organization do to better communicate about compensation?

Workers’ Compensation Insurance Is Not Optional

HRWatchdog

Not properly maintaining workers’ compensation insurance coverage is costly for employers. The California Labor Commissioner’s Office reminds employers that they must maintain valid workers’ compensation insurance coverage for all workers, including part-time employees.

Un”comp”licating Compensation - Building a Brand People Want to Work for

Speaker: Kathy Steele, CEO, Red Caffeine

Culture and Compensation

China Gorman

PayScale has produced its 8 th annual in-depth report on compensation best practices: Comp is Culture. Even though I’m not an HR professional, much less a compensation professional, I found it fascinating. Especially the impact that compensation practices have on organization culture.

Compensation Cafe: Top 5 Reasons for Bad Days at Work

RecognizeThis!

— Bad days at work are inevitable, but can be reduced and impact lessened through support, recognition and positivity. Here are the top answers in response to the question, “The last time you had a bad day at work, which factors in the workplace made it bad?”. by Derek Irvine.

Washington policy update: November 2019 Benefits and Compensation Bulletin

Bersin with Deloitte

This post provides a quick roundup of recent legislative and regulatory developments relating to employee benefits and compensation. Individuals otherwise eligible to contribute to an HSA who are at least 55 years old can make an additional catch-up contribution of up to $1,000 per year.

Compensation Wormhole

Compensation Cafe

Let’s look at it from the perspective of an employee who is doing a good, but not outstanding job. Nearly all of us can do a better job at talking to people and learning what they value. No one wants to reprogram their GPS or learn a new place to get great tacos at lunch.

Why All the AI Research You’re Reading is Dead Wrong

Speaker: Ben Eubanks, SPHR, SHRM-SCP, Principal Analyst at Lighthouse Research & Advisory

Why Compensation Doesn’t Drive Motivation

Reflektive

No matter how happy and engaged your employees are at work, they won’t turn down a raise or a perk. But will the incentive of a higher salary or compensation bonus improve their work performance? While compensation is a factor in their employee experience, it doesn’t wield as much influence as you may think — a nuance especially important for companies using a pay for performance model. Compensation Isn’t Enough. Employee Engagement compensation motivation performanc

Compensation and Recruiting

TLNT: The Business of HR

Recruiting and compensation don’t typically work closely together. When recruiting teams have a full understanding of your organization’s compensation strategy, they can offer a competitive edge in the war on talent. Recruiters are speaking with top talent every day and have a deep understanding of the jobs at your organization. Why not leverage a strong recruiting/compensation partnership to market price roles and offer creative compensation solutions to get top talent?

Indirect Compensation

New to HR

While compensation exists to pay a person for their time, the benefits of doing their job, namely the financial ones, will be what attracts them and motivates them to do well for your company. What is Indirect Compensation? The Advantages of Indirect Compensation.

Sales Compensation Strategy 101

HR Daily Advisor

Setting the compensation strategy for the entire organization is no small task, especially when certain groups may warrant their own separate compensation strategy, as they have differing goals and objectives. Sales compensation strategy 101.

Compensation Dentistry – The Wisdom Teeth (part 4)

Compensation Cafe

Once again, I am finding ways to make compensation as fun as going to the dentist! Pay compression is the definition of the circumstance where the people at the top of a company are paid so low that they leave so room for growth beneath them.

Binge Watching at Compensation Cafe!

Compensation Cafe

I often talk about employee communications at Compensation Cafe. Following are their insights into implementing incentive pay and sales compensation, with additional information on how to accomplish their recommendations.

Cafe Classic: Re-Thinking Compensation At Professional Services Firms

Compensation Cafe

Editor's Note: As pay transparency and equity concerns draw ever more attention, it's interesting to revisit Stephanie Thomas's Classic post about black-box models of compensation and their fit, to the unique world of professional service firm partnerships or.

Washington policy update: June 2019 Benefits and Compensation Bulletin

Bersin with Deloitte

Here is a quick roundup of recent legislative and regulatory developments relating to employee benefits and compensation. 2019-25 is available at here. The post Washington policy update: June 2019 Benefits and Compensation Bulletin appeared first on Capital H Blog.

Compensation Dentistry – The Orthodontist (part 3)

Compensation Cafe

Sadly, this usually occurs at the same time you are facing the challenges of adolescence. They have a business plan that requires a ton of new hires and a compensation philosophy or structure designed for the company they were a year ago. Or, follow him on Twitter at @ DanFutureSense.

Progressive Performance Management: Why Your Employee Compensation Strategy Is Holding You Back

15Five

One of the main issues that HR leaders face when considering a progressive performance management program is how to revamp their employee compensation strategy. Courtney: And that’s what makes your book so unique—you look beyond psychology research and also look at economic theory.

Who Cares About Compensation?

Compensation Cafe

What if you worked in an organization where the Head of Human Resources didn't view the Compensation function as vitally important to the organization? Though I wasn't in a leadership role at that point the lesson learned was telling. So What's Wrong With Compensation?

Compensation Based on Your Number of Direct Reports – Ask #HR Bartender

HR Bartender

To help us understand employee compensation, I asked Ann Bares if she would share her expertise and, lucky for us, she said “yes”. Ann is managing partner with Altura Consulting Group and contributor to the Compensation Force and Compensation Café blogs.

Washington policy update: October 2019 Benefits and Compensation Bulletin

Bersin with Deloitte

Here’s a quick roundup of recent legislative and regulatory developments relating to employee benefits and compensation. Additional details of the projections report can be found at FY 2018 Projections Report.

Washington policy update: September 2019 Benefits and Compensation Bulletin

Bersin with Deloitte

Here’s a quick roundup of recent legislative and regulatory developments relating to employee benefits and compensation. The complete list is published in Notice 2019-45, which is available at: [link]. Posted by Robert Davis , Christine Drager and Maria Moliterno on September 9, 2019.

How to Update Compensation Without Performance Ratings

Reflektive

But for many companies, removing ratings puts compensation into a black box — employees don’t know how their raises and bonuses will be decided, possibly undermining the goal of removing ratings. Here are some ways you can determine compensation without annual performance ratings. Employees who decide their own compensation are more invested in their company and have higher performance, according to Lisa White, CEO of White Andreetto.

Using Deferred Compensation to Pay for Performance

Something Different

managers today 1 , so instead I wanted to share this great WorldatWork video focusing on the benefits and drawbacks of using deferred compensation to pay for performance. It stars, Bertha Masuda, Partner at Vivient. Compensation hr human resources