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Plan Design Laid Bare!

Compensation Cafe

Most compensation practitioners can tick off the obvious ones on their fingers. Go back through Compensation Cafe archives and you find many articles on each of these plan design parameters. Title the first column, "The compensation plan will be considered successful if it achieves."

Growing a Healthy Compensation Program

Compensation Cafe

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. Compensation practices you typically see in an organization of fewer than 100 employees.

Growing a Healthy Compensation Program -- Part Two

Compensation Cafe

We'll identify some of their missteps -- common to companies their size -- then discuss what they can do to achieve healthy compensation habits. Common compensation practices when a company is growing quickly to at least 500 employees. This is the second article in a series. "If

Spring Cleaning Checklist!

Compensation Cafe

Bonuses are paid, last year's results are old news and grand plans for this year have been signed, sealed and delivered. Run your bonus plan(s)through the washer periodically. Polish your compensation philosophy. Hoping to get started on data analytics?

When Size Matters -- Basics for Early Stage and Small Companies

Compensation Cafe

Turns out that you have to take better care of Human Resources than that, especially compensation. Want to keep things from getting rocky and make the most of your compensation budget? Or, and maybe less costly, engage a compensation consultant who has good surveys.)

Quick Reminder on Performance Management Effectiveness

Compensation Cafe

Before I share the three factors that stand out as affecting employee perception of procedural fairness, I want to point out that global executives provided this data to McKinsey & Company -- a company that is not typically tied to Human Resource consulting.

You've Got to Start Somewhere!

Compensation Cafe

Market tested your incentive rates? Before you introduce the new, industry-standard compensation plan, how does compensation work in the company NOW? By the time you have 100-200 employees, you've decided to check your offers with some market data.

How Are Salaries Affecting Millenial Engagement?

Compensation Cafe

The New York Times included an op-ed with data to support this statement, "People between the ages of 25 and 34 were earning slightly less in 2017 than people in that same age group had been in 2000." Base Salaries Compensation Philosophy Incentives/Bonuses Total Rewards

Cafe Classic: Can You Spell D E B U N K?

Compensation Cafe

Editor's Note: We in HR and compensation are as susceptible to fads as our counterparts in other disciplines. And don't think compensation is immune from this derogatory label. Base Salaries Compensation Philosophy Incentives/Bonuses Pay for Performance

7 Dos and Don’ts of Communicating Total Compensation Reports

Compensation Today

Employee Compensation Report , which enables managers to communicate with employees about their total compensation reports. This report — and other forms of total compensation statements — is a crucial tool for employee compensation communication and pay transparency.

Acing Your Next Executive Presentation

Compensation Cafe

It's the time of year for executive presentations with topics like handling the increase budget, allocating the bonus pool, budgeting for next year, doing more with less and/or introducing change. Trap #4 -- Data Without Attention to Detail -- If there is a mistake in the presentation, or if you can't answer a question succinctly using data from your presentation, you and your presentation will lose credibility.

Cafe Classic: Get Rich Quick!

Compensation Cafe

I'm talking about employee data of course. And the reason I'm sending out this reminder is because so many of the companies that I've worked with do not mine their data. When I ask them for data on their employees, they give me their best guess.

The Future Is Us!

Compensation Cafe

Compensation specialists, what do we do well that others don't? Build a systematic, data-based approach for a highly emotional form of decision making. I love working in the compensation field, in concept and in action. To employees' sense of compensation, too.

Cafe Classic: Managers Can't Use Salary Surveys Wisely, and Other Urban Myths

Compensation Cafe

Salary ranges are built by compensation specialists. I just began working with a client -- global, successful in the recession -- that gives market data to all its managers so they can make their own decisions. Another important detail is that all employees are eligible for incentives.

Clearing Away the Cobwebs

Compensation Cafe

In the meantime, the work world has changed immensely in terms of regulatory policies, economics, workforce priorities, data analytics, productivity through technology and so on. Margaret is a Board member of the Bay Area Compensation Association (BACA).

Job Candidates: How to Win Friends and Influence Their Decisions to Join You

Compensation Cafe

Compensation can be a go/no go for a potential new employee, but recent 2017 research tells us job seekers have much broader expectations of you and your company. The data shows that this comes in right up there at #2. Yep, compensation is this far down the priority list.

eBook 60

5 Ways to Do Comp Better

Compensation Cafe

How to solve common Life Science job leveling and salary data questions Life Science jobs evolve so quickly, anyone trying to make compensation decisions would be thrilled to get advice. They may come in handy for decisions about Engineer compensation, too.).

Cafe Classic: Time for Spring Cleaning?

Compensation Cafe

And, as Margaret O'Hanlon explains, it's also a good time to clean the cobwebs and accumulated dust from your compensation programs. Maybe it's because the lighting in most offices is far from warm, but the impulse doesn't seem to be as common in Compensation departments.

The Elusive CBPP -- Certified Best Practices Professional

Compensation Cafe

How many CBPPs have yo u met in your career? Their data indicated that "Instead of managers being the primary driver of engagement, our CEO was the primary driver of engagement.". After all, data has consistently indicated for decades that managers are the primary drivers of engagement.

There May Still Be Enough Time!

Compensation Cafe

You may have already completed performance appraisal discussions, but performance should certainly be part of the discussion when 2014 increases and bonuses are covered with employees. Data supports our empirical findings.

3 Practical Tips to Prepare for Salary Planning

HRsoft

Salary planning typically requires an extensive investment of time and effort for compensation professionals. To make precise pay decisions, you’ll need to put that information into context, filtering data by industry, geography, and increase type.

Is now the time for employers to close the gap with base pay market competitiveness?

Bersin with Deloitte

With the reduction of corporate tax rates in the Tax Cuts and Jobs Acts of 2017 1 , an important question is raised: Is now the time for firms to close any gaps between (1) their stated compensation philosophy and target market percentile competitiveness and (2) reality, which is often less? Compensation Strategy Services. Gregory Stoskopf is the leader of Deloitte Consulting LLP’s National Compensation Strategies Practice and serves on Deloitte’s Global Rewards Executive Committee.

Cafe Classic: There May Still Be Enough Time!

Compensation Cafe

Editor's Note: It may not be too late to positively impact those year-end compensation conversations happening at your organization. Data supports our empirical findings. Explaining consistently to all employees, how the budgets have been allocated for merit increases and bonuses.

Why Using Data Is Your Key to Increasing Diversity, According to This Tech Leader

Linkedin Talent Blog

It takes courage to push for diversity, but using data—which comes naturally to an engineer like Leslie—has helped him drive change. While arguments for diversity are sometimes dismissed as too emotional or not urgent, data can help you make a powerful case that leads to progress. “It’s

Is now the time for employers to close the gap with base pay market competitiveness?

HR Times

With the reduction of corporate tax rates in the Tax Cuts and Jobs Acts of 2017 1 , an important question is raised: Is now the time for firms to close any gaps between (1) their stated compensation philosophy and target market percentile competitiveness and (2) reality, which is often less? Compensation Strategy Services. Gregory Stoskopf is the leader of Deloitte Consulting LLP’s National Compensation Strategies Practice and serves on Deloitte’s Global Rewards Executive Committee.

Good to Great Housekeeping

Compensation Cafe

Generate data -- You and your team should be able to respond immediately to up to 20 demographic questions about your employee population. Odds are you're spending more on hiring bonuses (because you're not sure about your salaries) than you would spend on compensation surveys.

Value End-of-Year Implementation -- Turn Down the Heat on the CEO Pay Ratio

Compensation Cafe

Positive visibility should help, and one reliable channel is end-of-year communications about pay practices, bonus awards, company results, team achievements and so on. And if you haven't yet, now is the time to help them answer questions about crowd sourced pay data.

21 Newsletters Every HR Professional Should Read

CakeHR

This newsletter to leaders in disruptive workplaces come with several incentives like: Special access to case studies and practitioner-focused information. With self-development at its core, SocialTalent is the go-to newsletter for HR professionals looking to upskill. percent bonus.

Why Must Employers Teach Employees About Total Rewards?

NGA Human Resources

Total Compensation’ is a phrase common to most, but ‘Total Rewards’ seems to allude many of us. . Total Rewards looks at the complete compensation picture. Anything above can cost more in administrating than any results the incentives can deliver. . Mind the compensation gap.

8 Influential Employee Engagement Trends for 2019

Bonusly

When polled on career priorities, 57 percent of younger Americans responded that the most important factor was personally enjoyable and meaningful work. Professional Development. Today, young and ambitious professionals view personal career development as extremely important.

TalentGuard Adds Deep Neural Network Machine Translation into it’s Product Suite

TalentGuard

today announced that Microsoft’s Translator technology powers translation features across TalentGuard’s product suite including Performance, Career Pathing, Succession Planning, Certification Tracking and 360 Feedback. Our integrated technology helps organizations automate performance management, 360 degree feedback, career pathing, succession planning, individual development planning and certification tracking.

New Oracle HCM Research Reveals the 7 Themes That Drive Employee Engagement

Oracle HCM - Modern HR in the Cloud

Through new research we commissioned from Kantar TNS, Oracle Human Capital Management has developed this new model. In our first blog post of this series , we shared details on the survey, how it was conducted, and how our new model was developed.

Oracle 100

TalentGuard Announces New Reseller Partnership in Latin America

TalentGuard

Austin, Texas – April 10, 2017 – TalentGuard, the Predictive People Development company, today announced that WWT has joined the TalentGuard Channel Partner Network. TalentGuard’s SaaS offering includes a comprehensive suite of applications including competency management, performance management, succession planning, career pathing, 360 degree feedback, development planning, certification tracking and robust analytics. Business Development Director.

Why Must Employers Teach Employees About Total Rewards?

NGA Human Resources

Total Compensation’ is a phrase common to most, but ‘Total Rewards’ seems to allude many of us. . Total Rewards looks at the complete compensation picture. Anything above can cost more in administrating than any results the incentives can deliver. . Mind the compensation gap.

Talent and Performance Management Survey Summary

HR Daily Advisor

Formal Career Planning Program. Exactly three-quarters of respondents said they do not have a formal career program. Career Planning by Career Group. The majority of respondents (61.5%) indicated that all of their employees are covered by their career planning programs.