Compensation Cafe

DECEMBER 31, 2021

I think it could raise some interesting questions about how compensation jobs and functions are defined and organized. . How quickly could you (compensation professional) get your head around the differences in skills, practices and behaviors needed? How is the compensation function in your organization structured?

Compensation 52

Compensation HR Software Analytics Planning Tools 52

Compensation Cafe

AUGUST 2, 2023

There appears to be general agreement among reward professionals that the compensation approaches and protocols which have dominated practice for the last few decades are more than ripe for reinvention. That disruptive change in the field is necessary and inevitable. Will it pan out that way? at least as it exists in our own field?

Compensation 98

Compensation Planning Tools Study Reward Management 98

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). Ironically, more than half of both groups rank pay and workplace culture as “very important” when choosing a job. For this newer generation of worker, create incentive plans that can build over time.

Compensation 66

Compensation Metrics Diversity Report 66

Compensation Cafe

MAY 29, 2020

Let’s leave the XYZ plan alone for now and work on adjusting base pay and equity for this key group of employees who are critical to the next six months of our success.”. As an HR or compensation professional, even the best plans require the agreement of others. Some of you have taught sessions on how to get a seat at the table.

Compensation 52

Compensation Planning Tools HR Software Groups 52

Compensation Cafe

APRIL 23, 2020

Speaking of frozen things, let’s talk about equity compensation and The Iditarod Trail Sled Dog Race. Like a well-designed equity compensation plan, The Iditarod is long and not for the faint of heart. All of these things can also be said of a successful equity compensation program. Competitors train year-round for the event.

Compensation 52

Compensation Compliance Training Competencies Training 52

Compensation Cafe

JUNE 22, 2018

Editor's Note: Do your incentive plans make the right decisions seem wrong and discourage the choices most critical to your organization's future? Are your incentive plans designed to support or defeat your organization's business strategy? And a passage about tradeoffs from Clayton Christensen's book How Will You Measure Your Life?

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Planning Tools Strategy Compensation HR Software 49

Compensation Cafe

JUNE 3, 2021

I often say that the most important aspect of any incentive plan is its intent. Even the simplest incentive plan design requires defining a ton of details. There are many systems to help manage incentive plans. Most of these systems' cost is minimal compared to the cost of an ineffective or broken incentive plan.

Hiring Software 66

Hiring Software Planning Tools Compensation Guidelines 66

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.

Bonuses and Incentives 72

Bonuses and Incentives Compensation Coaching Survey 72

Compensation Cafe

APRIL 26, 2019

Editor's Note: More than a few of us number nerds populating the field of compensation have a Classic deficit in the soft skills required to constructively explore and understand the territory and circumstances surrounding employee and organizational performance. . Here's where a shift in mindset and approach may help us.

Compensation 76

Compensation Background screening Groups Survey 76

Compensation Cafe

SEPTEMBER 23, 2020

P4P for this group can be challenging, especially if a company is growing quickly. 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. Connect with Dan on LinkedIn.

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Metrics Compensation Coaching Immedis 90

Compensation Cafe

AUGUST 16, 2017

I think it could raise some interesting questions about how compensation jobs and functions are defined and organized. . How quickly could you (compensation professional) get your head around the differences in skills, practices and behaviors needed? How is the compensation function in your organization structured?

Compensation 49

Compensation HR Software Planning Tools Analytics 49

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

What is Paul Thinking

MAY 16, 2017

Somewhat recently (sorry – I’m a bit backlogged) a question came up on one of my HR-focused discussion groups in Facebook. The poster was seeking ideas on how to compensate employees for being part of a company effort described as…. “…a a pretty large scale conversion with two of the major systems that our employees use.

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Bonuses and Incentives Hiring Software HR Software Compensation 124

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

FEBRUARY 1, 2018

The 17 words listed align incredibly well with common incentive plan designs. A quick review of incentive pay basics. The next group aligns pretty well with Target levels of achievement: Probable. That leaves three that don’t fit our normal incentive models. I saw an interesting image on LinkedIn a couple weeks ago.

Bonuses and Incentives 26

Bonuses and Incentives Compensation Course Wellness 26

Compensation Cafe

JUNE 22, 2022

Editor's Note: Dan Walter shares his Classic advice about the perils of waiting too long (startups, we are looking at you) to get your compensation act together. As it turns out when it comes to compensation issues, today may not be too late, but tomorrow almost always is. We’ve all heard the phrase “It’s never too late.”

Compensation 52

Compensation Immedis Company Resources 52

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 Groups Trends Course 40

Compensation Cafe

AUGUST 5, 2021

Equity compensation is a truly unique element in the total rewards toolbox. The consultants in this space are such a small group that most of us have known each other for years or, in some cases, decades (I am old). Most of the market data for equity compensation is sketchy. Equity compensation is not a magic spell.

Compensation 59

Compensation Retention and Turnover Planning Tools HR Software 59

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?

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Compensation Competencies Groups ATS 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 Groups Study Metrics 45

Compensation Cafe

OCTOBER 15, 2018

Editor's Note: I'm a fan of the provocative books of Nassim Nicholas Taleb and am currently working my way through Skin in the Game , which promises to have some interesting lessons for the practice of compensation. How do we gain our knowledge and wisdom about compensation and total rewards?

Bonuses and Incentives 49

Bonuses and Incentives Compensation Reward Management Planning Tools 49

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

JANUARY 6, 2020

Although we are continually reminded to be alert for perverse incentives , little is usually said about the proper use of disincentives. It would seem that books could be filled with tips on how to use negatives in a positive manner and how to avoid abuses when using “punishments.” What do you think?

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Bonuses and Incentives Compensation HR Software Compliance 52

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. A group of professionals who spend 3 to 5 minutes a day on a common topic, with a common cause, in an increasingly virtual and disconnected world. This post is about recognition. Lastly, we like to be part of a community.

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Compensation Industry Resources Bonuses and Incentives 59

SnackNation

JANUARY 19, 2018

Communities of purpose; groups that are centered around a purpose driven business, CSR or community activity are alive, aligning shared values and mission with collaboration. 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.

Employee Engagement 78

Employee Engagement Hiring Software Bonuses and Incentives HR Planning 78

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

Terryberry

JANUARY 26, 2024

"Fun rewards" are a refreshing take on employee incentives that infuse elements of creativity, enjoyment, and personalization into the recognition process. Traditionally, rewards in the corporate world were viewed through the prism of cash bonuses, pay raises, or more tangible perks like health benefits and paid leaves.

Employee Engagement 52

Employee Engagement Hiring Software Planning Tools Bonuses and Incentives 52

Insperity

JANUARY 2, 2018

Most often, you’ll find that something in the environment has changed – and it will usually involve a process, technology or the work group. Or, maybe you could offer her a pay increase or some other incentive to help compensate for the fact that she no longer receives a bonus. How to approach the employee. Beyond the paycheck.

Hiring Software 0

Hiring Software Bonuses and Incentives How To Workable 0

Business Management Daily

FEBRUARY 16, 2024

In this blog, we’re talking about why perks are important, how companies can provide incentives employees want, and how they can do it without blowing the budget. There are plenty of ways to provide perks for employees—of budget-friendly and extravagant varieties—but however you decide to approach it, the important thing is to make an effort.

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Bonuses and Incentives Campus SaVE Planning Tools Retirement 87

Compensation Cafe

APRIL 4, 2019

We are moving rapidly into an increasingly “data-driven” age of Human Resources and Compensation. In the end, HR and Compensation are about winning. When the result of an algorithm is a group of photos that appear on your screen, bias may not be that harmful. A good example of this is equity compensation data.

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HR Planning Compensation Data Survey 45

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

APRIL 18, 2017

The use of equity compensation and other long-term compensation tools went down over at least the past decade. During this period, the use of long-term incentives, including equity, has increased. When we add in incentive pay, it becomes 41.7X. The average annual increase for the average employee has been between 2.6%

Compensation 40

Compensation Strategy Groups Training 40

Compensation Cafe

MAY 14, 2019

The student is unlikely to find a group of motivated and talented professionals to help them get the best grades and be best positioned for a great post-school job. Perhaps not today, but the risk of unintended consequences regularly rears its ugly head in the world of incentive compensation. And what if…. What if you fail?

Compensation 40

Compensation Planning Tools Course Groups 40

Compensation Cafe

JULY 26, 2018

The timing of variable compensation and rewards is, and should be, a common topic here. I do a lot of work with Long-Term Incentives, especially equity compensation, so I’ll try and cover this from another side of the prism. It can often feel like the company is apologizing for offering non-cash compensation.

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Compensation Exercises Survey Company 45

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

DECEMBER 4, 2019

There appears to be general agreement among reward professionals that the compensation approaches and protocols which have dominated practice for the last few decades are ripe for reinvention. Editor's Note: Because innovation is messy and irritating, and because we like to ruffle feathers here at the Cafe. Please share your take below!

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Compensation Study Talent Experience Planning Tools 64