AIHR

FEBRUARY 28, 2024

HR tip If you’d like to read more about how data can change hiring practices, we recommend Laszlo Bock’s book ‘Work Rules’. With the attrition drivers identified, Under Armour was able to make improvements to its employee retention efforts with enhanced people strategies , including incentives and rewards.

HR Planning 124

HR Planning Analytics HR Software Hiring Software 124

15Five

SEPTEMBER 26, 2018

I joined 15Five’s Director of People Science, Courtney Bigony and Chief Culture Officer, Shane Metcalf, in a recent webinar where we addressed ratings and compensation as they relate to performance reviews. In my book, Next Generation Performance Management , I differentiate between Performance Management 1.0 (PM Webinar Recap.

Performance Management 213

Performance Management Strategy Bonuses and Incentives Compensation 213

6Q

JANUARY 22, 2023

The purpose of this blog post is to provide an overview of how to create an employee compensation strategy. We’ll cover topics such as the types of compensation, how to determine salary and wages, the role of bonuses, and more. This can be done in various ways, such as by providing benefits, pay rates, and bonuses.

Compensation 105

Compensation Bonuses and Incentives Strategy Retirement 105

Compensation Cafe

JULY 27, 2021

For more than three decades equity compensation has been considered a necessary and ubiquitous element of pay at start-ups and high-growth publicly traded companies. Large studies have shown again and again that most (85%) equity compensation recipients do not understand their awards. There are two big questions that must be addressed.

Compensation 111

Compensation Recruiting Software Planning Tools Competencies 111

Digital HR Tech

FEBRUARY 10, 2021

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? What is included in a compensation package?

Compensation 119

Compensation HR Planning HR Software Wage and Hour Training 119

Compensation Cafe

SEPTEMBER 20, 2018

Designing an effective incentive plan is always a challenge. Over many years I have come to rely on what I call the Incentive Plan Rule of Three. Over many years I have come to rely on what I call the Incentive Plan Rule of Three. Most incentive plans use three-level goal setting. Yep, that’s three.). Excellence.

Metrics 93

Metrics Compensation Industry Wellness 93

Compensation Cafe

MAY 13, 2020

Incentive plans are one of the most complex aspects of pay and rewards. All of these simply orbit around the most important element of any effective incentive plan. If you know exactly why you have a specific incentive plan, then you can actually design, communicate, manage, and administrate that program correctly.

Planning Tools 94

Planning Tools Compensation Software Metrics 94

Compensation Cafe

JUNE 13, 2019

It is everyone else’s job to provide context and maintain their compensation philosophy and integrity. The compensation department must be prescient if they are to succeed in avoiding Veruca Salt situations. This is why compensation professional get paid the medium (I was going to big, but who am I kidding) bucks!

Compensation 40

Compensation Talent Acquisition Staffing Hiring 40

Vantage Circle

JANUARY 19, 2023

When it comes to sales incentive programs the first thought in your mind is monetary incentives. However, that is not all there is to incentive programs. Let’s find out more about sales incentive programs and how to design and implement them to benefit your organization. What Is A Sales Incentive Program?

Bonuses and Incentives 105

Bonuses and Incentives Planning Tools Onboarding Software HR Software 105

Compensation Cafe

DECEMBER 7, 2021

It’s getting harder to know exactly what to do about equity compensation at pre-IPO companies. All of this is challenging long-used models for equity compensation. The individual asking the question is a very experienced, and very good, compensation consultant who works for a major firm in the space.

Compensation 105

Compensation Course Comparison Exercises 105

EmployeeConnect

FEBRUARY 14, 2023

This can include financial incentives , such as bonuses or raises, as well as non-financial rewards, such as recognition programs, promotions, or additional responsibilities. This can include formal recognition , such as bonuses or promotions, or informal recognition, such as verbal praise or a simple thank you.

Performance Management 246

Performance Management HR Planning Planning Tools Bonuses and Incentives 246

Compensation Cafe

APRIL 4, 2018

It's not that incentive plans don't work well, it's that they can work too well in motivating unintended consequences. Are any incentive compensation experts shocked by this? The failed Wells Fargo incentive plan and Tax Reform are similar. Incentive plans seldom work when founded only in dreams and hope.

Bonuses and Incentives 74

Bonuses and Incentives Wellness Compensation Metrics 74

Compensation Cafe

OCTOBER 7, 2021

At many companies, there is still a widespread allowance for discretion in setting pay levels, variable compensation incentives, and equity compensation awards. When you add equity compensation as a pay element the results skew even worse. Dan is also a leading expert on incentive plans and equity compensation issues.

Bonuses and Incentives 103

Bonuses and Incentives HR Planning Compensation Talent Acquisition 103

Compensation Cafe

FEBRUARY 1, 2018

The 17 words listed align incredibly well with common incentive plan designs. A quick review of incentive pay basics. That leaves three that don’t fit our normal incentive models. These wishy-washy terms don’t communicate much about incentives or motivation and should probably (there’s that 70% word) not be used.

Bonuses and Incentives 26

Bonuses and Incentives Compensation Course Wellness 26

DecisionWise

MARCH 17, 2023

His solution was to establish an incentive compensation plan to combat the blunders and drive absolute accountability. Are your incentives aligned? Do your incentives create a culture of blame or a culture of accountability? Pre-order the book on Amazon Listen to the Swipe podcast. You will lose your bonus.”

Decisionwise 130

Decisionwise Bonuses and Incentives HR Software Case Study 130

Achievers

JUNE 25, 2019

Most of us receive a paycheck, so it’s easy to assume compensation packages are pretty black and white. Some folks are hourly, some are salaried, and depending on what role they play, others receive bonuses or commissions based on their performance. Determining the right compensation package. Straight salary compensation.

Compensation 92

Compensation Bonuses and Incentives Planning Tools Immedis 92

Compensation Cafe

JANUARY 3, 2019

It turns out that incentive compensation doesn’t just work, it can work too well at motivating the wrong behaviors. Make sure you design your incentive plan to reduce the possibility and rewards for cheating. Incentive plans are difficult to get perfect. This is where things went wrong. The truth will come out.

Planning Tools 76

Planning Tools Compensation Industry Strategy 76

Compensation Cafe

MAY 5, 2020

Comparing incentive plans to a pandemic response seems like a stretch, but great incentive plans are all about stretching. Stretching your compensation budget. The weeks inside have given me the time to realize the lessons a pandemic team can learn from the perspective of incentive plan design and execution.

Planning Tools 72

Planning Tools Compensation Resources Company 72

Vantage Circle

OCTOBER 18, 2024

Incentive Programs Incentives can be considered powerful motivators in retail environments. Whether offering bonuses for attaining performance targets or sales-based commissions, handing out gift cards, or offering extra vacation days and experiences, everything contributes to significantly boosting morale.

Assessment Software 103

Assessment Software Interview Software Recruiting Software Planning Tools 103

What is Paul Thinking

MAY 16, 2017

The poster was seeking ideas on how to compensate employees for being part of a company effort described as…. “…a You might get away with a couple of little projects – but sooner or later your employee base will learn that extra work = extra pay and they will start to “ work to rule ” unless compensated for it. Money=Mercenary.

Bonuses and Incentives 124

Bonuses and Incentives Hiring Software HR Software Compensation 124

cipHR

AUGUST 9, 2023

Total compensation cost and cost-per-employee For most organisations, the workforce is your biggest line item so cost reporting here is crucial to understanding organisational performance. Or book a demo to see our tech in action. This metric helps identify areas of overspending and spot possible efficiencies.

HR Planning 52

HR Planning Hiring Software HR Software Onboarding Software 52

Compensation Cafe

SEPTEMBER 17, 2020

Lately, I have been wondering what it will really take to change things in the world of compensation. It would seem that we have more than enough motivation to result in real changes to compensation practices that have been ineffective, or worse, seemingly forever. But the hamster wheel keeps squeaking.

Hiring Software 111

Hiring Software Compensation Planning Tools Recruiting Software 111

Compensation Cafe

JUNE 4, 2019

This is where we can leverage Jeopardy to improve incentive plans. Most incentive plans are very heavily weighted toward “winning.” When you have already earmarked your potential incentive compensation, this risk of losing some of it can stop you from earning all of it. This provides an incentive to try.

Compensation 68

Compensation Hiring Software Planning Tools Industry 68

PeopleStrategy

JANUARY 16, 2020

The basics include ensuring employees receive their correct salary on the expected pay date – via ACH direct deposit or as physical payroll checks – as well as covering any commissions, bonuses or expense reimbursements. Payroll management represents one of the key hard skills in HR.

HR Software 182

HR Software Recruiting Software Onboarding Software Resources 182

Contact Monkey - HR

AUGUST 13, 2024

Book a free demo to learn how to boost employee engagement and retention using feedback. Fun employee engagement activities you can do with your employees include: Ax throwing Bowling Karaoke Escape rooms Trivia night You can even take a page out of ContactMonkey’s book and throw an annual boat party! See employee surveys 2.

Employee Engagement 105

Employee Engagement Video Recruiting Onboarding Software Bonuses and Incentives 105

Compensation Cafe

FEBRUARY 16, 2021

After all, we often don't make much of a communication effort when we award bonuses. When it comes to bonuses, the understood link with business results is often sketchy, too. If merit increases are about individual performance, bonuses are about team performance on the organizational level. Employees remember their multiplier.

Bonuses and Incentives 52

Bonuses and Incentives Compensation eBook Career Development 52

Compensation Cafe

AUGUST 7, 2018

Second, this means that the majority of these workers do not intend to benefit from the entirety of their Long-Term Incentives (LTI). Designing LTI to attract, motivate and retain the “next” generation: Opportunity 1: Consider “Mid-Term Incentives” that link to Long-Term Incentives. First, that’s a big ol’ gap!

Compensation 66

Compensation Metrics Diversity Report 66

Compensation Cafe

MAY 25, 2021

The past couple of weeks have shown us that compensation in a post-pandemic world may be less predictable than predicted. Equity compensation vesting schedules may finally be changing. Equity Compensation vesting schedules are changing to correct a well-known problem. Mask mandates have loosened. Until then, have a great week!

Compensation 59

Compensation Bonuses and Incentives Talent Acquisition Diversity 59

HRsoft

MARCH 20, 2024

Compensation is one area that you can’t afford to overlook. Joe Poxson , CEO of HRSoft explains that “crafting an effective compensation strategy tailored to the specific stage of the organization is paramount. In this post, we’ll examine the steps necessary to develop a compensation strategy that will work now and in the future.

Compensation 64

Compensation Strategy Bonuses and Incentives How To 64

Compensation Cafe

APRIL 14, 2020

When I tell someone that I am a compensation consultant it is inevitably followed by, “You need to talk to my boss.” People just don’t love their compensation. Compensation? Compensation professionals tend to write this off as a product of “people are never satisfied.” This is true when people are hourly or salaried.

Wage and Hour Training 98

Wage and Hour Training Compensation Resources Company 98

Compensation Cafe

JUNE 23, 2020

For right now, let’s just talk about compensation. It isn’t often that compensation professionals get to truly change the way businesses do business. If we wait for some non-compensation person to “lead” and create the best practice for us, we will surely regret it in the future. No, there is not. This is one of those times.

Compensation 116

Compensation Planning Tools Immedis Company 116

Achievers

JUNE 29, 2017

analyzing compensation, advancement opportunities and scheduling for models that better align with today’s workforce’s needs. Here a few ways to attack the turnover crisis: Create recognition and/or incentive programs for employees who reach certain milestones (after one year, not five!). building employee networks/committees.

Retention and Turnover 162

Retention and Turnover Hiring Software Recruiting Software HR Planning 162

Compensation Cafe

MARCH 19, 2019

Use their methods for building your incentive plans. Your incentive plan should be designed to ensure even the unexpected isn’t a surprise. When you build an incentive plan, take the time to customize the tools for planning, modeling and tracking progress. Make sure your incentive plan delivers on its promise.

Planning Tools 61

Planning Tools Compliance Training Compensation Tools 61

Compensation Cafe

JUNE 11, 2020

You may have been involved in laying friends off, furloughing colleagues, cutting pay for executives, putting holds on merit increases, temporarily modifying incentive plans, marketing pricing for newly remote positions, all while working from a dining room table, teaching math, and cooking more food than an average holiday season.

Compensation 59

Compensation Planning Tools Bonuses and Incentives Resources 59

Compensation Cafe

DECEMBER 17, 2020

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. Her firm, re:Think Consulting, provides market pay information and designs base salary structures, incentive plans, career paths and their implementation plans.

Bonuses and Incentives 98

Bonuses and Incentives Time and Attendance eBook Compensation 98

Compensation Cafe

FEBRUARY 20, 2018

Variable compensation has a lot of benefits, but they don’t always come easy. Incentives, both Short-Term and Long-Term, are harder to design, require more effort to communicate, and have a higher risk of administrative error than more consistent pay elements like base pay. Compensation budgets stagnate or shrink.

Bonuses and Incentives 78

Bonuses and Incentives Compensation Industry Immedis 78

Compensation Cafe

MAY 21, 2020

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. Do your incentive plans promote the decisions, behaviors, and actions that truly define your success?

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Compensation Planning Tools Conference Data 64