Compensation Cafe

NOVEMBER 4, 2021

Most human resources and compensation professionals are peaceful people, but we are all fighting in the war for talent. In compensation, we tend to start with market pricing, but it may make more sense to start with establishing the ideal pay mix. While cash is limited at startups, annual incentives can still exist and are compelling.

Compensation 52

Compensation Planning Tools Guidelines Competencies 52

Compensation Cafe

JANUARY 20, 2017

Editor's Note: As a woman, a mother of two (young adults: one male, one female) and a science book nerd, I found Louann Brizendine's book The Female Brain fascinating for its deep dive into the neurological and even endocrinological differences in our brains. What can HR and compensation pros take away from this?

Compensation 40

Compensation Competencies Groups ATS 40

Compensation Cafe

AUGUST 25, 2020

As we move into the compensation planning season, I thought it was time for a quick reminder to focus on keeping things simple. So many small and mid-sized companies work so hard to make base pay “perfect” that they have no time or energy to build effective short-term incentive plans or rational equity compensation plans.

Compensation 52

Compensation Data Survey Competencies 52

Compensation Cafe

MARCH 16, 2021

I have been doing this compensation stuff for a while now. Winning the race simply means you get to compete in the Olympics. In 2008 Equatorial Guinea sent Eric Moussambani to the Olympics to compete in the 100m freestyle swimming event. Think of the compensation professional you love to hear speak at conferences.

Compensation 52

Compensation Competencies Conference Company 52

Fond

MARCH 8, 2023

Tangible rewards are rewards that can be seen and quantified—such as vouchers, cash bonuses, a pay rise, company merchandise, or gift cards. While cash bonuses and salary increases are forms of tangible rewards, we usually use the term to refer to non-financial perks, like gift cards, meal vouchers, or merchandise.

Bonuses and Incentives 52

Bonuses and Incentives Examples How To HR Planning 52

Insperity

NOVEMBER 22, 2016

Offering a generous employee bonus program can be just the right incentive to keep highly motivated employees from looking for work elsewhere. A successful incentive program must be realistic. But, if you’re like most employers, sustaining this happiness can be a struggle. Simple enough, right? Not always. Know your workforce.

Bonuses and Incentives 40

Bonuses and Incentives Planning Tools Productivity Meeting 40

Compensation Cafe

OCTOBER 20, 2021

As it turns out, these rules adapt well to the world of compensation plans and philosophy. You gotta keep in mind what's interesting to your participants as an audience, not what's fun to do as a as a compensation professional. Give your compensation an edge. Second, they all follow Pixar’s “ 22 Rules of Storytelling.”

Compensation 52

Compensation Planning Tools Exercises Competencies 52

Analytics in HR

JUNE 13, 2022

The Competing Values Framework is the best-known organizational culture classification. It identifies four types of organizational culture : Adhocracy culture – Create/Do things first Clan culture – Collaborate/Do things together Hierarchy culture – Control/Do things right Market culture – Compete/Do things fast.

HR Software 121

HR Software Assessment Software Hiring Software Interview Software 121

Semos Cloud

MARCH 2, 2021

Most companies’ Total Rewards strategies follow the WorldAtWork model which incorporates compensation, benefits, wellbeing, recognition and development. However – do not forget that you must build your employee rewards catalogue on firm compensation and benefits basis. . Books are great employee rewards.

Planning Tools 97

Planning Tools Bonuses and Incentives Employee Recognition Employee Appreciation 97

Compensation Cafe

NOVEMBER 27, 2019

The recognition of each of you reading this post, and anyone who has ever read a post on the Compensation Café. He has three metaphors for every occasion and is a leading expert on incentive plan and equity compensation issues. This post is about recognition. Writing for the Comp Café is one of my favorite things.

Compensation 59

Compensation Industry Resources Bonuses and Incentives 59

Compensation Cafe

APRIL 27, 2018

Zingheim, the winners of the prestigious WorldatWork Keystone Award and authors of some of the top selling books in our field. Our recent study of large, challenged financial institutions (“Compensation and Human Resource Practices During Crisis: Which Solutions Add Value?”, Schuster and Patricia K. Zingheim, Ph.D.,

Compensation 58

Compensation Interview Software Certification Planning Tools 58

Compensation Cafe

FEBRUARY 23, 2015

Even as tradecraft veterans increasingly endorse open transparency in reward systems and recommend robust communications about compensation as the desired best practice, the consensus actua l practice is moving away from that ideal. Confusion about compensation is spreading. No bonuses, either! Both possibilities are bad.

Bonuses and Incentives 40

Bonuses and Incentives HR Planning Compensation HR Software 40

Compensation Force

AUGUST 14, 2020

How far can an incentive program go in driving the efforts and behaviors necessary for improvement and innovation, when the organization itself has placed large rocks in the way? I encounter this problem often in organizations that are seeking to implement an incentive plan to address an improvement need.

Competencies 52

Competencies Productivity Course Report 52

Compensation Cafe

MARCH 10, 2017

Maybe we call this one Reward Lessons from Alice in Wonderland and start our own Great Books series. Especially with respect to incentive plan design. It is enormously tempting - for executives, managers and HR pros alike - to simply convene a meeting of the right people and jump straight to the business of incentive plan design.

Compensation 40

Compensation Exercises Competencies Strategy 40

Compensation Cafe

FEBRUARY 22, 2017

The accounting rules ensured equity barely touched companies’ books. The stock market ensured that equity delivered far more, far faster that any form cash compensation. This allowed the to easily compete for talent against large mature companies. These high growth companies were able to keep cash pay low.

Compensation 53

Compensation Industry Talent Experience Competencies 53

Zenefits

NOVEMBER 23, 2021

Base pay does not include additional compensation like overtime, benefits, or bonuses. Additional pay an employee receives on top of their regular wages or salary, often as an incentive or reward for good performance. Bonuses include holiday, signing, referral, and retention bonuses. Competency Based Pay.

Payroll 36

Payroll Wage and Hour Training Bonuses and Incentives Planning Tools 36

Compensation Cafe

APRIL 5, 2019

Unlike Shimmer, the mythical SNL product, ESPPs are actually delicious, effective and available on your compensation store shelves today. ESPPs are a compensation tool and a benefit plan. How many compensation programs require employees to pay the company? As a compensation tool, ESPPs are counterintuitive.

Compensation 40

Compensation Planning Tools Tools Analysis 40

Bonusly

JULY 11, 2018

That’s why US companies spend up to $800 billion each year on sales compensations, more than three times what they spend on advertising. With the right incentives, businesses can keep their pipelines full. With the right incentives, businesses can keep their pipelines full. Unfortunately, the current incentive system is broken.

Hiring Software 70

Hiring Software Onboarding Software Bonuses and Incentives Assessment Software 70

Compensation Cafe

JULY 17, 2017

Most Compensation Philosophies could easily be converted to, "We pay almost identically to our peers, because the survey data is easiest to follow that way, and we are trying to get lucky enough to get a few great people who will either help us be slightly more competitive or avoid a big crash.”. The best teams would become better.

Compensation 60

Compensation Competencies Survey Data 60

Compensation Cafe

DECEMBER 3, 2014

Part 1 of this series argued that employee compensation has become a stagnant field. Organizations would be more effective and employees would be more engaged if at least half of benefits dollars were converted into cash, especially incentive opportunities. However, incentives are difficult to design, implement and maintain.

Bonuses and Incentives 63

Bonuses and Incentives Planning Tools Compensation System 63

Compensation Cafe

MAY 2, 2018

Compensation programs often fall in a similar camp. Every compensation professional should have a couple of “comfortable” tools available. I often speak to people who describe their incentive programs as “expected” or “entitlements.” Nobody competing in the NBA playoffs is wearing Crocs. Now describe your pay programs.

Interview Software 40

Interview Software Compensation HR Software Competencies 40

Compensation Cafe

DECEMBER 1, 2014

Sales compensation has always been a different beast: it has different buyers and economic cycles than employee rewards, and sales incentives constantly evolve to meet new business needs. The Bureau of Labor Statistics reports that between 2008 and 2013, 55% of the Compensation and Benefits Manager positions in the U.S.

Bonuses and Incentives 70

Bonuses and Incentives HR Software Benchmarking Compensation 70

Compensation Cafe

DECEMBER 6, 2016

When you hear "equity compensation" and startups, you immediately think of stock options. How does your business compete when it doesn't have access to the same tools? How does your business compete when it doesn't have access to the same tools? The compensation expense must be adjusted to match future expectations of payout.

Compensation 40

Compensation Planning Tools Resources Competencies 40

Compensation Cafe

FEBRUARY 13, 2017

A surprising number of companies with no intention of trading publicly have successful equity compensation programs. They must still compete for talent with companies with more traditional plans. But, in a world of unicorns, it requires a LOT of money to compete for the absolute best talent. They have a broad range of options.

Compensation 59

Compensation Planning Tools Competencies Industry 59

Engagedly

JULY 15, 2022

Business leaders want their companies to compete with others in their industry. The use of bonuses and commissions is one of these strategies. You’ve probably dealt with performance-based incentives if you’ve worked in sales or customer service. Book a live demo with us. So invest in employee development!

Wage and Hour Training 52

Wage and Hour Training Productivity Hiring Software Assessment Software 52

Compensation Cafe

SEPTEMBER 22, 2016

As it turns out, these rules adapt well to the world of compensation plans and philosophy. You gotta keep in mind what's interesting to your participants as an audience, not what's fun to do as a as a compensation professional. Give your compensation an edge. Second, they all follow Pixar’s “ 22 Rules of Storytelling.”

Compensation 40

Compensation Planning Tools Exercises Competencies 40

Compensation Cafe

MAY 12, 2017

Rather, his work to build a taxonomy of human motives has identified at least 16 different kinds (described in his book The Normal Personality: A New Way of Thinking About People ). Reiss, there is compelling scientific evidence that human motives do not divide neatly into intrinsic and extrinsic categories. Your reaction?

Exercises 40

Exercises Compensation Competencies Examples 40

Compensation Cafe

DECEMBER 29, 2020

Watching a few of these events (appropriately sped up) reminded me of the power of a compensation philosophy. Think of the main disciplines like Base Pay, Short-term Incentives, and Long-Term Incentives. Most simply run with the pack and hope that their short-term and long-term incentives will make the difference.

Compensation 52

Compensation Competencies Resources Industry 52

Recruiters Lineup

DECEMBER 21, 2023

Interns may receive compensation, and the duration is agreed upon by the parties. The first interview is often a blend of competency-based questions and an assessment of the candidate’s personality fit within the organization. Reduced rates may apply to specific items like food, books, and medical services. Taxation: 1.

Video Recruiting 87

Video Recruiting Hiring Software Wage and Hour Training Onboarding Software 87

Workable

FEBRUARY 15, 2018

It’s common for companies to compete for tech talent. Compensation: [ e.g. Your annual gross salary will be $X (12 monthly wages per year). ]. Cash compensation. Cash Compensation. This salary will be subject to adjustment pursuant to the Company’s employee compensation policies in effect at the time. Signature ].

Bonuses and Incentives 48

Bonuses and Incentives Wage and Hour Training Compensation Harassment 48

i4cp

JUNE 15, 2022

While many organizations are suffering from employee attrition worldwide, most have been tackling this problem by increasing compensation and offering attractive sign-on bonuses. But the study showed that this is not the best strategy.

Retention and Turnover 59

Retention and Turnover Bonuses and Incentives Human Capital Management Compensation 59

HR Tech Girl

SEPTEMBER 16, 2022

Employees are now demanding more from companies in terms of compensation, culture, work-life balance, career growth, benefits—the list goes on. Or it could be a much more complex task like understanding how to navigate their career path and build the right competencies and skills needed to realize their career aspirations.

HR Planning 52

HR Planning Resources Onboarding Software Hiring Software 52

Business Management Daily

MARCH 23, 2022

Armed with this incentive, you and your classmates likely upped your game. Why bother pushing oneself to go above and beyond when you are already receiving inadequate compensation?). Some managers may hand out restaurant certificates, monetary bonuses, or even prime parking spaces. Creating a lunchtime book club.

How To 98

How To Bonuses and Incentives Employee Engagement Video Recruiting 98

Compensation Cafe

DECEMBER 16, 2019

Editor's Note: Check out Dan Walter's Classic post on the balancing act we must all pull off between the competing objectives of homogenization and innovation. As compensation professionals, we are constantly asked to build a balance between two worlds: the world of homogenization and that of innovation. And then tell us.

Compensation 52

Compensation Planning Tools Survey Data 52

Ongig

APRIL 17, 2020

We love competing with greatness! Benefits and Compensation. Compensation and Benefits. What’s Wrong With Retention Bonuses? Compensation. Employee Incentive Programs: Designing the Best Program. Wow, 18 other blogs beat us in traffic! Methodology. We researched all human resource blogs we know.

Bullhorn 130

Bullhorn Video Recruiting Recruiting Software HR Software 130

Thrive Global

NOVEMBER 20, 2019

That’s a survival instinct (and nature’s strongest incentive), put in place to ensure that you will want to be present and engaged in this crucial, forma tive time of your baby’s life. In this book, I’ll teach you how to communicate with your child to spur higher-level neurological development.

Aptitude Tests 57

Aptitude Tests Study Assessment Software Compliance Training 57

Linkedin Talent Blog

AUGUST 9, 2022

A growing number of companies, including Salesforce , Nike , Starbucks , and McDonald’s , are doing just that by tying executive compensation to meeting diversity targets. The results are reviewed monthly and are used to help determine bonuses.

Diversity 49

Diversity Hiring Software Recruiting Software Interview Software 49