Remove Bonuses and Incentives Remove Books Remove Career Development Remove Performance Management
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What Does a Bonus Mean?

Compensation Cafe

After all, we often don't make much of a communication effort when we award bonuses. So, you could say that they are also checking that your company's performance matches your competitors, although not deliberately. When it comes to bonuses, the understood link with business results is often sketchy, too.

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Having Trouble Unplugging?

Compensation Cafe

Closing the books on merit increases may be on schedule, but there are always loose ends to clear up before you get slammed with Q1 bonus and incentive work. In true pay-for-performance philosophy, you've earned it. Taking time off? You may be feeling reluctant, even though you're tired.

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How to Make Headway on Pay Transparency

Compensation Cafe

It's time to accept that your job has changed from gatekeeper (limiting access to pay knowledge until employees are "ready") to educator (describing the nuts and bolts of salaries and incentives). After all, it's not just compensation information you'll be sharing but, eventually, a whole new open-book pay-for-performance philosophy.)

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Don't Do That! Bad Habits and Compensation

Compensation Cafe

New incentive coming up next year? Performance measures are changing, that means employees' current behaviors/habits need to be readjusted, or even rejected, for the new goals to be met or exceeded. I've written before about the value of the book, "The Power of Habit" by Charles Duhigg. New business goals coming up next year?

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Cafe Classic: Can You Spell D E B U N K?

Compensation Cafe

There is an extreme mismatch between what our employees really want and our efforts at motivating them (through feedback, merit increases and incentives). . The thing is, we seem to be easily distracted by the loud and charismatic, especially when their books sell well. Myths and Realities in Total Rewards, WorldatWork.

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Growing a Healthy Compensation Program

Compensation Cafe

If you're an HR office of one, busily juggling everything from beneficiary forms to incentive awards, it's hard to believe that you share any pressures with other HR managers. Payment of bonus is determined by the CEO after the "books are closed" and results are discussed with Board. This is the first in a series.

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There May Still Be Enough Time!

Compensation Cafe

You may have already completed performance appraisal discussions, but performance should certainly be part of the discussion when 2014 increases and bonuses are covered with employees. Providing managers with prompts that can help them articulate their thoughts, especially if they find themselves in a tough spot.