Compensation Managers Need to Manage

Compensation Cafe

I once supervised a strong performing technical compensation analyst who was eager to work his way into a management role. This fellow was a whiz at spreadsheets, data analysis, and survey modeling. Compensation Philosophy Competencies Performance Management

Winning the Compensation Triathlon

Compensation Cafe

Being locked up at home for the past nine months has given me the time to watch some videos that wouldn’t have made the list in a normal year. Watching a few of these events (appropriately sped up) reminded me of the power of a compensation philosophy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Fundamentals of Executive Compensation

Decusoft

Are you new to the world of executive compensation? Do you want to make sure you have the foundational skills you’ll need to create executive compensation programs that will help you cultivate, inspire, and keep the talent you’ll need to meet your company’s goals?

Compensation Air Traffic Control

Compensation Cafe

The swirl of tasks and requests can make a compensation professional feel more like they work in air traffic control. You are probably sitting at your desk (or sofa) trying to determine which thing s needs to be brought home first. Or, follow him on Twitter at @ DanFutureSense.

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.

SPAC Attack: Executive Compensation Top 10 List

Compensation Cafe

If you are reading this series ( SPAC Attack 1 , Equity Compensation ) of articles closely, you are probably working at a high-growth, privately-held company with aspirations of being an even higher-growth publicly traded company. Or follow him on Twitter at @ DanFutureSense.

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.

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 Package: A Guide For HR

Digital HR Tech

Offering an appealing and generous compensation package is an important part of your employee value proposition. To stand out from other organizations, what should your compensation package include and how do you go about assembling one? Contents What is a compensation package?

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. With 52% of employers ranking hiring and retaining talent at the top of their business challenges, it is vital to get compensation right. Talent Lifecycle Compensation

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.

New Jersey Compensation Association Webinar 5.26

Decusoft

As societal norms evolve, so must our compensation planning. The goal of compensation is to attract, retain, and motivate your talent, but today we must also use it to focus attention on issues beyond financial metrics and personal goals.

Compensation Transparency

China Gorman

B en Eubanks over at Lighthouse Research and Advisory has written a fascinating white paper on transparency. Transparency in Compensation: Trends and Best Practices , underwritten by salary.com , is a thoughtful and interesting discussion of the impact of different levels of transparency in the workplace – from too little to too much. Being more forthcoming with our employees – and not just on compensation practices – will help us win the War for Talent.

Can Your Commute Be Compensated?

AbelHR

As life begins to return to normal and more folks start playing planes, trains and automobiles to get into the office, we wanted to take a look at commuter laws, particularly as it pertains to the likelihood of reimbursement. The post Can Your Commute Be Compensated?

SPAC Attack – 5 Critical Equity Compensation Issues

Compensation Cafe

In my next few posts, I want to drill into some key considerations for compensation and HR professionals. Since I started my career working with equity compensation plans, it seems right that it's where I will also start this series of posts. SPACs are going to be here for a while.

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 Surveys: Are They Necessary?

Astron Solutions

Finding the fairest and most motivating compensation for your team members is one of the most important jobs for HR leaders like you. A popular method of evaluating a fair employee compensation strategy is to refer to a valid compensation (or salary) survey. Compensation

Compensation Communication Tools for Managers

Compensation Cafe

The script can help them prepare, which can put them at ease. Plus they can look down at the script while they are speaking if they freeze at any point. Earlier, she was a Principal at Willis Towers Watson. Careers Compensation Communication

Cafe Classic: Compensation in Context

Compensation Cafe

It’s the same at work. I always thought there was a strong connection between compensation and organizational design. I couldn’t “do” compensation unless I had organization charts. I’m going to tell a story that I hope will make you see a parallel to compensation. .

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. Here’s how to distribute employee compensation fairly across the board: Culture EmploymentPeople of all ages and from all generations spend their days working. From the very beginning stages of a career to the golden days nearing retirement, (most) people work for a living.

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.

Sales Compensation 101 – Key Elements You Need to Know

Astron Solutions

For most people, navigating through the world of sales compensation can seem overwhelming. There are nuances to developing a competitive sales compensation plan. What Makes a “Good” Sales Compensation Plan? What are the Different Types of Sales Compensation Plans?

Choosing a Compensation Management Solution

Decusoft

Choosing a compensation management vendor can be extraordinarily challenging. This DecuSoft guide will help you identify the best way to find, evaluate, and select a compensation management solution that can simplify and improve your comp management process.

Remote Compensation – What About Equity?

Compensation Cafe

So far, we have just scratched the surface of compensating people in the new “remote” world. In this post we open up our Remote Compensation Master Class (it sounds more important that way.) For many, this rule extends to compensation from equity plans.

Compensation Challenges for Family Businesses

Astron Solutions

Since employees are often related to each other, developing and maintaining fair & appropriate compensation plans can be difficult. In this Astronology® , we will review some compensation challenges that family-owned businesses face. Deferred compensation plans.

The Future of Payroll

Speaker: Steven Van Alstine, VP of Education, Canadian Payroll Association

Payroll is an often misunderstood function. Given the effectiveness with which it is executed, it is often invisible. The challenge is that payroll is a critical function within every organization — responsible for one of the most important aspects of the employee experience: compensation. Join Steven Van Alstine as he unpacks "hot off the press" research on payroll.

Cafe Classic: How is Compensation Like Dating

Compensation Cafe

Editor's Note: How is your compensation program's relationship with your employees going. In her Classic post, Margaret O'Hanlon shows us how to rethink this relationship by considering how employee compensation is a lot like dating.

Overlooked Fundamentals of Compensation Strategy

Compensation Cafe

Not a great foundation for a compensation practice! This type of background work will create an environment for open discussion (rather than knee-jerk reaction) at the formal proposal meeting. Earlier, she was a Principal at Willis Towers Watson.

New Jersey Compensation Association Webinar

Decusoft

Addressing Compensation & Benefit Challenges – Effective Uses of Nonqualified Plans. Nullifying competitive compensation disadvantages. Avoid losing corporate compensation tax deductions due to 162(m). Erik can be reached at: (818) 292-7206 erik.speed@mbsfin.com.

Workers’ compensation for remote employees: a guide

Insperity

Do you need to worry about workers’ compensation for remote employees? When your organization adopts or expands a work-from-home policy, it’s a good idea to take a fresh look at your workers’ compensation coverage and processes. What counts as a work-related injury at home?

2021 Compensation Budgeting Forecast Part 3: Trends in Nonprofit Executive Compensation

Astron Solutions

As we plan for 2021, we need to consider COVID-19’s impact on 2020 compensation decisions for nonprofit executives. For the most part, nonprofit executive compensation came to a halt. Many organizations froze, or in some cases reduced, current compensation levels.

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 A reminder to join me at WorkHuman 2015 in Orlando, FL, June 9-10, to learn more about the power of thanks, positivity and connections at work and in all aspects of life. by Derek Irvine. Recognize This!

Compensation Singularities

Compensation Cafe

Have you heard of the Compensation Singularity Rule? It turns out the client had applied the Compensation Singularity Rule. The Compensation Singularity Rule (CSR) states, in part: A singular compensation data point is vastly more reliable and is far more effective for determining true market rates than hundreds of thousands of compensation survey data points, provided that the singular data point is sufficiently large compared to the median survey rate.

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. It’s important to speak in terms of total compensation and let employees know how that is determined. One way that employees can advance their careers (and their compensation) is by accepting a promotion or transfer. I recently heard a speaker talk about employee pay and engagement.

How to Budget Compensation Communications

Compensation Cafe

Work backwards from the key project outcomes -- for example, if you are introducing a new pay program, start by identifying the materials to be used at the announcement. Earlier, she was a Principal at Willis Towers Watson. Compensation Communication

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.

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.