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.

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Hiring Software Compensation Planning Tools Recruiting Software 111

Compensation Cafe

DECEMBER 31, 2021

I think it could raise some interesting questions about how compensation jobs and functions are defined and organized. . The problem, of course, is that industries and markets can shift quickly and unexpectedly. And I'm thinking about it today relative to the way we structure compensation roles and work. .

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Compensation Cafe

OCTOBER 5, 2017

This amount will also impact your future bonuses and other pay. Of course, there is no quick and easy solution to this. Many of us can do a better job communicating the benefits of culture and incentive pay programs. Showing the growing value of long-term incentives can put Velcro into the seat of your employees’ pants.

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Compensation Bonuses and Incentives Competencies HR Software 49

Compensation Cafe

MAY 29, 2020

As an HR or compensation professional, even the best plans require the agreement of others. Many have taken courses on how to negotiate, be persuasive or sell ideas. If you can’t get that incentive plan budget for the entire staff at least make sure you get something for the group of people without whom you will suffer or fail.

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Compensation Planning Tools HR Software Groups 52

Compensation Cafe

FEBRUARY 5, 2019

Could it be that we are designing and communicating incentives for our highest performance all wrong? This study specifically looked at the impact of incentives on motor and neurological performance in high-pressure situations. The real question should be what this may mean for future incentive plan design.

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Compensation Study Strategy Course 40

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. Of course, poor judgment is easy to come by when you're tired and stressed. Taking time off? You may be feeling reluctant, even though you're tired.

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Bonuses and Incentives Time and Attendance eBook Compensation 98

Compensation Cafe

SEPTEMBER 12, 2019

Dan Walter, master of the compensation metaphor, shines a light on the Classic problem we all face at one time or another - particularly those of us who work in or serve smaller, entrepreneurial organizations. Many smaller companies have both limited time and expertise to spend on their compensation programs. You're not alone, friend!

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Compensation Bonuses and Incentives Corporate Strategy Planning Tools 40

Compensation Cafe

OCTOBER 17, 2019

They have a business plan that requires a ton of new hires and a compensation philosophy or structure designed for the company they were a year ago. The impact of poorly managed and planned compensation can include slow or difficult hiring processes and nonoptimal retention or motivation. Connect with Dan on LinkedIn.

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Compensation Cafe

JUNE 15, 2020

Editor's Note: With the business and economic uncertainty brought to us by the pandemic, many organizations have (appropriately) introduced or increased the role of management discretion in their incentive plans and other reward programs. With this in mind, we bring you some Classic perspective on the pros and cons of discretion in rewards.

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Bonuses and Incentives Compensation Coaching Survey 72

Compensation Cafe

SEPTEMBER 23, 2020

Grow metrics and goals work especially well for short-term-incentive programs and as interim measurements in long-term incentive programs. They only want to pay people incentives if they have proven results. It’s the type of effort that most companies won’t fund, and for which most compensation departments cannot get support.

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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.

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Bonuses and Incentives Compensation Industry Immedis 78

Vantage Circle

NOVEMBER 30, 2022

Extrinsic rewards are a type of incentive that motivates people by rewarding them with something tangible — such as praise, fame, or money — for achieving a specific goal. The incentives must be extraordinary in order to spur your team's competitive nature to finish a task that requires extra effort or has a short deadline.

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Bonuses and Incentives Planning Tools Assessment Software HR Software 105

Compensation Cafe

AUGUST 16, 2017

I think it could raise some interesting questions about how compensation jobs and functions are defined and organized. . The problem, of course, is that industries and markets can shift quickly and unexpectedly. And I'm thinking about it today relative to the way we structure compensation roles and work. .

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Compensation HR Software Planning Tools Analytics 49

Compensation Cafe

MAY 19, 2017

As someone who spends a lot of time designing and honing long-term incentive programs, I thought I’d skip 2014 and make some predictions about time frames that compensation people really have to worry about. 3 Years from now, 2017: The durations used to measure past and future performance for executive compensation.

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Compensation Planning Tools Metrics Retirement 49

Compensation Cafe

NOVEMBER 4, 2021

Most human resources and compensation professionals are peaceful people, but we are all fighting in the war for talent. There are, of course, rules that generally must be followed, but they are few and fairly unrestrictive. While cash is limited at startups, annual incentives can still exist and are compelling.

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Compensation Cafe

MARCH 23, 2022

Asking your employees if they want equity compensation or a new type of STI is kind of like asking a two-year old if they want a new kind of food. Of course, this doesn't work for every tool and every person (some kids are super picky), but you will find it will work for most. The answer will almost always be no.

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Planning Tools Compensation Metrics Resources 52

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.

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Bonuses and Incentives Compensation Course Wellness 26

Compensation Cafe

APRIL 15, 2021

For the past several weeks I have been writing about SPACs and their impact on compensation. Of course, SPACs are unusual, so yours will seldom end as quickly as finding the mythical leprechaun’s fortune. You will likely have the cash available for some sort of predictable Short-Term Incentive Plan. The list, of course, goes on.

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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.

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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.

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Bonuses and Incentives Examples How To HR Planning 52

Compensation Cafe

JULY 2, 2020

Every compensation professional who has started a position at a new company has experienced their own version of a termite inspection. Maybe it's a well-written compensation philosophy or handbook, but no real foundation or structure to support the pretty documents. Sometimes all you find is a nice paint job.

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Compensation Cafe

JULY 13, 2018

Dan Walter explores what Newton's three laws of motion can teach us about doing employee compensation right (and wrong) in this Classic post. . In it, she discusses the Higgs boson particle that seemingly holds the key to why things have mass and the secret ingredient in compensation programs - people - and how they hold things together.

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Compensation Cafe

MARCH 16, 2021

I have been doing this compensation stuff for a while now. This, of course, was a personal accomplishment to be proud of, but it didn’t mean he was ready to swim in a real competition. Think of the compensation professional you love to hear speak at conferences. SPACs, much like IPOs, are like the Olympic Trials.

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Empuls

SEPTEMBER 5, 2023

Book a demo with our rewards and incentives expert. Stock options Stock options are a form of compensation that allows employees to purchase company stock at a predetermined price, often lower than the current market value. Want to know more? How to make years of service awards matter?

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Bonuses and Incentives Planning Tools Compliance Training Talent Experience 40

Compensation Cafe

FEBRUARY 14, 2019

A new study, from Dan Ariely, of “ Predictably Irrational ” fame suggests that very short-term cash incentives may not be doing what we think they are doing. Ariely’s new book is “ Payoff: The Hidden Logic That Shapes Our Motivations.” He recently discussed one of the studies covered in the book. They may be doing the opposite.

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Compensation Cafe

NOVEMBER 12, 2018

And, of course, still paid pretty well when they don’t do such a great job. As it turns out, CEOs want the same thing from their compensation leaders that they want from finance, technology, marketing, engineering and other leaders. I don’t want to learn your “language” of HR and compensation. Connect with Dan on LinkedIn.

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Compensation HR Software Strategy Conference 40

SnackNation

JANUARY 19, 2018

Are you satisfied with your overall compensation? Find an inspirational quote or page from a book and send it out to your team on Monday mornings. Create some healthy competition and reward excellent performance with incentives for successful goal achievement. Photo comes from Dale Carnegie ). Celebrate personal wins.

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Employee Engagement Hiring Software Bonuses and Incentives HR Planning 78

Semos Cloud

SEPTEMBER 7, 2022

A company’s attitude towards compensation, benefits, and rewards that all employees receive speaks volumes about its appreciation towards its workforce. However, designing a balanced total rewards compensation package for a large workforce is not a walk in the park. Designing a Total Rewards Compensation Package. Compensation.

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Assessment Software Planning Tools HR Software Interview Software 52

Compensation Cafe

JUNE 20, 2018

As I read them, I realized each one applied to the world of compensation just as much as they did the world of entrepreneurs. I thought I’d share these with the Compensation Café readers and invite readers to add their own lessons. Think of your compensation programs in the lifespan of people. That is a long time.

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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.

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Planning Tools Bonuses and Incentives Employee Recognition Employee Appreciation 97

Compensation Cafe

JANUARY 3, 2018

For many compensation professionals, 162(m) has been essentially unchanged for their entire career. It allowed for an exception for “qualified performance-based” compensation. Most stock options and performance-unit awards as well as several other types of incentive plans, qualified for this exception. Pro tip: it didn’t work.)

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Bonuses and Incentives Compensation Background screening Exercises 0

Compensation Cafe

OCTOBER 30, 2018

Equity is a term that has become a keystone in the world of compensation. We use it in a wide-ranging list of topics including stock-based compensation, pay transparency, gender and race. Of course, a person behind these kids can see the problem they are having. While doing the presentation I realized that something was missing.

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Compensation Cafe

FEBRUARY 24, 2015

Of course, it is required for long-term success, but while it’s happening it is painful and confusing. It may be obvious that the lack of sleep from my 5-month old son’s teething is causing a collision with my thoughts on compensation. Often, Pay for Performance can be a similar experience. Dan welcomes connections on LinkedIn.

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Bonuses and Incentives Compensation Planning Tools Compliance Training 40

Compensation Force

MAY 8, 2020

While it will be clear from what follows that I take issue with a number of things he says, I do believe that Alfie Kohn's book Pun ished by Rewards is a must read for reward professionals. The success of Bob Sutton's book The No A **e Rule would suggest that most of us finally get this. Well, I would hope so!

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Groups Coaching Examples Study 59

Guideline

AUGUST 31, 2023

If you don't, it's like leaving part of your compensation on the table. Fees are a normal part of investing, but it can be challenging to know if the fees you're paying are high, low, or par for the course. Chart your goals: It's helpful to think about retirement as one piece of your overall financial well-being.

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Achievers

OCTOBER 20, 2020

Incentives give employees something to strive for and provide tangible acknowledgement of their great work. When an incentive is offered, 85 percent of workers feel more motivated to do their best. If you’re interested in discovering the most impactful employee incentive programs available for your organization, read on.

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Bonuses and Incentives Hiring Software Planning Tools HR Software 260

Compensation Cafe

OCTOBER 23, 2017

Yet in some industries, especially those where labor is perceived as a cost and not an asset, more emphasis is put on incentives or bonus in a pay-for-performance model targeted to the higher order needs before fulfilling the base pay requirements for achieving the security of the foundational needs. Of course not.

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Wage and Hour Training Bonuses and Incentives Hiring Software Employee Recognition 45