Compensation Cafe

DECEMBER 16, 2021

As regular readers know, I am someone who does a ton of incentive compensation work. I believe in incentives and their ability to align people with the culture, strategy, and goals of a company. I know incentives work when properly designed and communicated. The first is a big-ticket item that aligns well with management.

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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. And executives somehow continue to be paid well despite some less than stellar results. Mask mandates have loosened.

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Compensation Cafe

AUGUST 17, 2021

I love Lego (perhaps because I have a young child) and I think they translate well into many concepts of pay and organization design. In this article, I cover how Lego can be used to help you understand why it’s so hard to fix your sales incentives. Sales compensation is similarly simple, flexible, and potentially complex.

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Analytics in HR

FEBRUARY 28, 2024

In this article, we will explain what HR analytics is, its benefits, as well as how to get started and grow in your HR analytics capabilities. Although the term “HR analytics” is widely used, there is a growing trend of referencing “ people analytics ” as well. Contents What is HR analytics? What is HR analytics used for?

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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. One or two metrics can work well, but it can be difficult to get agreement on that type of focus.

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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.

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Compensation Cafe

DECEMBER 28, 2021

I seldom make predictions for an upcoming year because compensation generally evolves so slowly that any real changes take several years to come to fruition. I think we have a unique opportunity in front of us and many compensation professionals will relish the challenge. LTI programs are already changing.

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HR Daily Advisor

JANUARY 3, 2018

In most organizations, long-term incentives are gone. Take a look at your current incentives for staff. If it’s at the 13- to 18-month mark, the staff probably see little incentive to stay until the 24-month mark, if they’re convinced they’ll only get a 3% cost of living adjustment (which is NOT a raise!). but simply by mindset.

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Compensation Cafe

APRIL 10, 2023

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? It's a fair question. illustrates just how fair -- and realistic -- a question it can be. She earned her M.B.A.

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Compensation Cafe

MARCH 3, 2020

I hope this post finds you well and with three gallons of hand sanitizer stocked up in your pantry. Each time a potential pandemic raises its head we work to ensure that those we care about will be well in every possible scenario. Your employees may not have the luxury of cashing out their equity compensation. So many questions.

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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.

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Insperity

FEBRUARY 15, 2024

But many organizations may not realize that a successful total rewards strategy goes well beyond traditional compensation structures to encompass a wide spectrum of valuable elements. Typically, they are broken down as follows: Compensation: Compensation refers to the total remuneration offered by an organization.

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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 plan should include the steps that the employee needs to take to achieve their goals, as well as any resources or support that they may need.

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Compensation Cafe

SEPTEMBER 28, 2021

Equity Compensation has been slowly going through its own version of climate change. Much like our planet, the environment for equity compensation has been changing for decades and very few have adjusted or even noticed. You granted stock options, probably Incentive Stock Options (ISOs). I can, and eventually will go on.

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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. What can we learn from this episode? The truth will come out.

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Compensation Cafe

FEBRUARY 4, 2015

Inside that company, worked a compensation professional (“Yolanda”) who juggled many projects. Not the least of them was the creation, design and management of the company’s long-term incentive program. She planned her year well and executed with the precision of a heart surgeon. Yolanda was very good at her job.

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Compensation Cafe

MAY 21, 2020

For at least a few decades, this has been the way of things in the world of compensation. Most of us thought summer vacation would be a long three-months, but here we are experiencing some weird version of a six-month vacation, and we're mostly surviving it pretty well. Now is just such a time for compensation professionals.

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Compensation Cafe

OCTOBER 14, 2021

Compensation may be your baby, but sometimes you need to be a bit more honest. Sometimes your compensation baby is ugly. Sometimes it's necessary to admit the facts so you can patch up the ship well enough to try again another day. Dan is also a leading expert on incentive plans and equity compensation issues.

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HR Tech Girl

DECEMBER 22, 2022

Making your compensation package attractive is a major lever you can pull to attract and retain top talent. A great way to deepen our understanding as HR professionals and business leaders is take a compensation course. Why take a compensation course? 13 Best Compensation Courses. HRCI Compensation and Benefits.

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Hppy

DECEMBER 25, 2023

Vetting Employees to Reduce Future TurnOver Risks Spas can be hectic, especially if you’re fully booked; you need all staff on hand at a moment’s notice. Reward performance: Recognize and praise employees for a well-done job and provide incentives, such as monetary rewards ( pay increase, bonus, gift card) to keep them motivated.

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Compensation Cafe

SEPTEMBER 29, 2016

Well, so much for the warm-hearted caffeinated, pick-me-up from the Comp Café. Today is a steaming jolt of quadruple espresso in response to the Wells Fargo incentive pay mess. I answered that if I had been asked a few weeks ago, Wells Fargo would have been on the list. I guess it’s hard to know what you don't know.

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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.

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Compensation Cafe

APRIL 23, 2020

I hope everyone reading this is well. 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.

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Compensation Cafe

OCTOBER 2, 2019

Compensation programs can often be the same. Annual and long-term incentive plans are often not as well cared for. It is the rare compensation professional who gets excited about these impending issues. Yes, incentive plans can be harder than base pay. We don’t adjust them on the fly.

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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!

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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?

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Compensation Cafe

MAY 29, 2020

Editor's Note: A well-timed Classic post from Dan Walter on how to do your job when your plans no longer fit the reality of what you're facing. As an HR or compensation professional, even the best plans require the agreement of others. He is a “Compensation Futurist” who works as Managing Consultant for FutureSense.

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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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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 Cafe

MAY 14, 2018

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. Here are some of the compensation decisions typically made in a turbo-charged, highly fragmented setting like Healthy Gadgets'. This is the first in a series.

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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!

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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.

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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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Compensation Cafe

SEPTEMBER 3, 2020

I hate to be the one to tell you, but your compensation plans have “COVID-hair.” But it’s now September and compensation planning season is upon us. That annual incentive or bonus plan probably won’t work the way it was designed. Getting the tangles out of your short-term incentives will make everything else just a bit easier.

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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. Excel CAN work, but it seldom works well. There are many systems to help manage incentive plans. Intent drives the details of design. This brings us to tools.

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Compensation Cafe

SEPTEMBER 23, 2020

These are the kind of goals that work well for regular coaching sessions and a loose link to pay. 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.

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Compensation Cafe

JUNE 2, 2020

If normal worked so well pay would not be a constant thorn in the side of companies and their employees. If normal was so great, wouldn’t compensation philosophies state that they were designed to support hiring average talent to deliver average results? There will be a rethinking of the concept of “long-term” incentive plans.

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