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.

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!

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.

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!

Dice 2018 Tech Salary Report

Wild West with outsized compensation and lavish. by state and key metro area is provided at: dice.com/salarymap Real-Time Salary Tools To solve the pain point of lacking industry metrics, Dice. can find this useful tool at dice.com/calculator. DEPARTMENT AT YOUR COMPANY.

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?

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.”

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 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.

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

Compensation Dictionary

This is your crash course in the compensation. master any compensation conversation. compensation plan. address what you plan to reward with compensation (performance, tenure, acquisition of skills, etc.). importantly, that compensation is administered fairly.

What is the Modern-Day Compensation Definition?

HRsoft

Today a search for compensation definition will yield results such as “topics in regard to wage and/or salary programs and structures,” or some variation of that phrasing. Let’s take a brief look at how past pay models have led us to today’s definition of compensation.

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

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.

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.

Small Business Compensation Trends for 2018

Small Business Edition #CBPR181 SMALL BUSINESS EDITION 2018 COMPENSATION BEST PRACTICES REPORT A PAYSCALE REPORT Small Business Edition #CBPR182 More than half of small organizations agree that compensation is. given that the current state of compensation in 2018 is a delicate.

5 Must-Have Elements for Every Compensation Management Process

HRsoft

The compensation management process lays the foundation for a company culture that recognizes and rewards strong performance. To achieve these goals, compensation management must encompass the following elements.

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.

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.

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.

Charting Your Course Through Changing Regulations

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

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 world of work is changing.

Do Your Employees Understand Their Compensation Definition?

HRsoft

The ability to understand your company’s compensation definition, or the way pay is calculated, is important for employee satisfaction. The Modern Compensation Definition. Today, employers are becoming increasingly creative in the ways in which they compensate employees.

Cafe Classic: Can Your Compensation Philosophy Do THIS!?

Compensation Cafe

Can your compensation philosophy keep up? The topic of compensation philosophy was raised recently in a conversation I had with a group of local executives. From a compensation perspective, this doesn't just bring new jobs and different skill sets into the picture.

Cafe Classic: Your Compensation Philosophy is Not What You Say, It's What You Do

Compensation Cafe

We'd be wise to keep this in mind when considering our organizations' compensation philosophies. I have to smile when someone says: "We've never had a compensation philosophy." Even better is this: "We've never communicated our compensation philosophy to employees."

3 Outcomes Only the Best Compensation Management Software Can Achieve

HRsoft

To design an effective compensation plan, you must manage a complex set of variables. It’s no wonder the role of compensation and benefits professionals is so complex. The best compensation management tools are built with the ability to interface and align with your existing systems.

Small Business Guide to Comp Benchmarking

Compensation. The concept of pay fairness doesn’t mean compensating everyone the same. Step #1 - Decide on Your Compensation Strategy The first step to getting great market data is deciding on your compensation strategy. Slightly exceed at the 65th?

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?

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.

Does Your Compensation Solution Help You Appeal to Talent?

HRsoft

Indeed.com recently revealed its list of top-rated workplaces for compensation and benefits. Year after year, many of the same employers tend to make the list, leaving professionals to wonder: what is it about their compensation practices that employees are so drawn to?

4 Questions Enterprise Compensation Management Should Answer

HRsoft

Enterprise compensation management (ECM) refers to the ways in which pay policies are administered, organized, and automated in companies. Specifically, ECM should be able to answer the following questions: Does our workforce feel they’re being fairly compensated?

Compensation 101: A Beginner's Guide to Compensation Management

compensation management Comp 101 www.payscale.com2 By now, it’s well-accepted that a comprehensive, up-to-date compensation. are focusing more than ever on strategies to retain and hire top employees, compensation being a big one. compensation plan is no easy task.

HR Moments Matter: 3 Compensation Challenges Solved With People Analytics

Visier

In this post, Allison McConville, Visier’s VP of Human Resources , will shares how you can use data to support the people moments that matter, enabling the best compensation decisions for both your employees and your organization. . Managing Compensation Costs.

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.

The Future of Compensation is Crowdsourced

RecognizeThis!

Shifting a portion of compensation to the crowd is one way companies can ensure greater effectiveness and alignment to performance. Compensation practices have sometimes lagged behind these changes. What are your thoughts on the changing nature of performance and compensation?

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

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.