Remove Benchmarking Remove Bonuses and Incentives Remove Compensation Remove Employee Recognition

Why Today’s Incentive Thinking Is Different

Achievers

Too often in human history, this meant that people with less power were simply compelled to work, and incentives — if they existed — consisted merely of being allowed to survive. After several evolutionary waves, we have a deeper insight into what truly motivates people, and today’s incentives are about far more than compensation. As the Forbes Coaches Council puts it, “In decades past, motivating employees was all about raises, promotions, and bonuses.

Chasing Best Practices

Compensation Cafe

One of the common questions I hear from clients centers on how well their people practices and budgets compare to industry benchmarks and groups of top-performers. Research from the firm PayScale may help to answer at least some of those questions, with their annual analysis of compensation trends and activity. High performers are also more likely to adopt a mindset in which people are valued and engage in more transparent communication around compensation.

Annual Performance Reviews Aren’t Dead, but They Do Need New Life

Capterra

Close to two-thirds of employees and managers agree that the typical annual performance review process is outdated and ineffective—contributing to a poor employee experience. For employees, it feels a little too much like school to have the totality of their performance boiled down to a single number or letter grade—especially one that might not be awarded objectively or consistently. A dashboard comparing employee performance ratings in Threads Culture ( Source ).