The Origin of the Executive Compensation Industry.

The HR Capitalist

General Motors had hired Patton to do a study of executive compensation, and he did so by surveying 37 major companies. Communications Compensation Innovation

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.

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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

Does Compensation Motivate Employees?

HRsoft

With the competition for top talent heating up, figuring out a way to keep your best people motivated and productive at work is rapidly becoming one of the top priorities for employers. Effects of Compensation on Employees. How to Maximize the Potential Benefits of Compensation.

Applied AI in Talent

AI is both disrupting and transforming everything about workforce management. For HR leaders, that means changing the types of skills and competencies companies need, changing the way existing employees do their jobs, and altering the recruiting landscape. This handbook looks at how AI is shaping the way we think about workforce planning and development at the highest levels.

Workers’ Compensation Benefits Extended for COVID-19

HRWatchdog

Governor Newsom’s new executive order providing workers’ compensation benefits for workers who contract COVID-19 during the stay-at-home order is retroactive to March 19, 2020. The post Workers’ Compensation Benefits Extended for COVID-19 appeared first on HRWatchdog by James W.

New Workers’ Compensation and COVID-19 Guidance

HRWatchdog

The DIR has now provided some guidance, in the form of questions and answers, on the implementation of California’s new worker’s compensation executive order. The post New Workers’ Compensation and COVID-19 Guidance appeared first on HRWatchdog by James W.

5 Steps For Compensation Across Generations

ClearCompany HRM

They may work the same, but they’re at different steps in their lives. As such, compensating the college grad and the executive, and everyone in between means taking on few different steps in the process. People of all ages and from all generations spend their days working.

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?

The Time is Now. Compensation Pros Must Rise to the Challenge.

Compensation Cafe

For at least a few decades, this has been the way of things in the world of compensation. Now is just such a time for compensation professionals. The current crisis has exposed the dusty corners of compensation practices. Take a good hard look at your pay programs. (Go

Charting Your Course Through Changing Regulations

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

The world of work is changing. Today it is easier than ever to have employees in multiple cities across several states. Multistate offices used to be reserved for very large employers, but with today’s technology, even smaller employers can embrace this game changer. For employers, the multistate workforce allows the opportunity to cast a broader net to attract the best and brightest talent to the workplace. At the same time, it comes with challenges, including compliance with a variety of rules and regulations across different states and municipalities – some of which may conflict with federal law – and failure to comply could be quite costly.

The Key Principles of Compensation

HRsoft

For the majority of organizations, the core principles of compensation involve striking a balance between paying in a way that is externally competitive and internally fair. The plan should answer the question: How do we tie in compensation to help the company through this particular stage?

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!

Planning for an Equity Compensation Pandemic

Compensation Cafe

At first, the unknowns throw us off-kilter. While most of the recent volatility is due to the uncertainty of how the virus will impact the world, at least a little of it is due to years of a bull market that has given investors the ability to cash out with impressive gains.

COVID-19 Employee Leave and Compensation

Astron Solutions

Many employees have spent close to two months (to date) staying at home in order to “flatten the curve” of COVID-19. The Federal Paid Sick Leave offers two weeks of paid sick leave (up to 80 hours) at two-thirds of the employee’s regular rate (if full-time).

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.

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.

Where's the Fun in our Compensation Jobs?

Compensation Cafe

We really don't spend much time studying the emotions we feel as we practice compensation. Some people find compensation basics boring -- job analysis, job definition, job pricing using surveys and so on. Earlier, she was a Principal at Willis Towers Watson.

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.

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.”

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

Speaker: Kathy Steele, CEO, Red Caffeine

Are people your greatest asset? Then fair and transparent compensation and benefits are the way to affirm your organization is dedicated to this pillar of the business. However, having a strategic comp philosophy is only one part of becoming an employer of choice. It is critical to showcase your company culture, establish an employer brand foundation, and modernize your talent strategy. With unemployment levels nearing all-time lows, it’s time to get started and embed your comp practices into a part of your overall employee experience. Join Kathy Steele, an accomplished serial entrepreneur, employer branding expert, and CEO of Inc. 5000 winner Red Caffeine, as she tackles the common business challenge of setting a compensation strategy that aligns with your culture to help you build a brand to attract, engage and retain top talent in a job seeker’s market.

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!

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.

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?

Washington policy update: March 2020 Benefits and Compensation Bulletin

Bersin with Deloitte

These types of plans are designed to ignore statutory limits on compensation and amount of benefits but at the same time do not include the same statutory protections offered for qualified private sector employer sponsored plans. Compensation and Rewards Washington Bulletin

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

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

While we may be “people” professionals, it is part of our job to understand AI and how this technology can enable us to make smarter decisions and develop more efficient processes. Join Lighthouse Research & Advisory Principal Analyst Ben Eubanks where he will discuss how AI can be used for HR and recruiting processes, including how to create more human interactions and engagement through the strategic application of technology.

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.

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.

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 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

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.

Sales Compensation During Turbulent Times

SuccessFactors

Sales compensation may not be top of mind during these turbulent times, but it does affect a number of people in the front lines of business, including your sales organization. Sales compensation levers can enable established sales organizations to support and retain sales 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 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?