Remove Bonuses and Incentives Remove Career Development Remove Compensation Remove Data

Cafe Classic: The Truth About Great Compensation Design

Compensation Cafe

Today, we feature a Classic truth from Margaret O'Hanlon about what ultimately enables your compensation plans to achieve greatness. A few managers can become better at managing through coaching and development. Editor's Note: The truth hurts. and it can set you free!

What's Going On Out There?

Compensation Cafe

Hungry for up-to-date data on how your competitors are handling the Human Resource components of the Covid-19 pandemic? Aon (including Radford ) just published data collected from April 7 to 10, 2020.

AON 63

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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.

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."

How to Make Headway on Pay Transparency

Compensation Cafe

What I'm talking about is giving employees enough information to understand how compensation decisions are made in your culture. Employees gather statistics-lite data from sites like Payscale, Glassdoor and Quora and treat it as equivalent to any data you may offer.

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

Why Don't You Invite Yourself to Your Next Executive Interview?

Compensation Cafe

Do we really have grassroots support for compensation philosophies? Compensation or total rewards departments that have a philosophy statement often report that they don't know where it is, or whether it is up to date. How often do you age your data?

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.

Solid Reasons to Start Communication Planning in August

Compensation Cafe

If your compensation system works on a calendar year, you're going to be asked to start a compensation communication plan in September. Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

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.

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

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.

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

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.

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.).

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.

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.

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.

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.

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.

5 Ways To Recognize Employees in the Transportation & Logistics Industry

CoreCentive

This is especially true among millennials , who do not understand the benefits of a career in transportation. Recognition programs may include referral bonuses or non-monetary compensation such as priority for in-demand routes. Employee Recognition Safety Incentives

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.

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.

Forget the Lemonade--Grab a Shovel

Compensation Cafe

You know, we've got this reputation for being irreverent at Compensation Cafe. How does this specifically apply to you, Compensation Department? Routinely short on data? You can use this situation to make a sound case that working from home would be more effective with accurate data that everyone on the team can share. Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

eBook 40

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

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.

eBook 52

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.

eBook 52

REVIEW OF MERCER?S 2019 GLOBAL PERFORMANCE MANAGEMENT STUDY*

Possible Works

Employees are looking for more engagement in an organization and are looking for continuous real-time feedback for improvement and development. Rather tha n focusing on Compensation and Development programs as separate goals, a clear career structure should be defined.

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.