Plan Design Laid Bare!

Compensation Cafe

Whether you are redesigning your base pay program or creating an incentive plan, it pays to learn from experienced colleagues, so I've included links to Compensation Cafe articles about each of these three best practices. Best practices for plan design?

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

Compensation Cafe

Employees get their salary data by matching titles, not job descriptions. Get credit for your incentives. Many CEOs of small companies don't like to talk about incentives since they can't guarantee a yearly payout.

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. Hoping to get started on data analytics? Looking at clear skies these days?

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.

Solid Reasons to Start Communication Planning in August

Compensation Cafe

If you are going to make sure your compensation and performance management programs are procedurally fair , you've got research, analysis and strategy development to complete. Base Salaries Compensation Communication Incentives/Bonuses Pay for Performance Performance Management

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

You've Got to Start Somewhere!

Compensation Cafe

Market tested your incentive rates? By the time you have 100-200 employees, you've decided to check your offers with some market data. But odds are, it took a while before you were able or willing to pay for GOOD market data.

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.

Cafe Classic: Time for Spring Cleaning?

Compensation Cafe

Imagine how much useful, field-proven data you could share with your managers to improve business results. . Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

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

Compensation Cafe

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. Base Salaries Compensation Philosophy Incentives/Bonuses Recognition

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.

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

Compensation Cafe

The data shows that this comes in right up there at #2. They also want to know your company's plans for the future, which they will use as a road map for their own career potential in your company. Everyone was impressed with the prospective employee.

eBook 60

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. Somehow it felt like time to hit the reset button, so I went looking for inspiration.

The Future Is Us!

Compensation Cafe

Build a systematic, data-based approach for a highly emotional form of decision making. And as Dan pointed out yesterday, even the august duo of Towers Watson and Aon Hewitt are admitting to what the data has actually told us for a few years, ".

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.

Cafe Classic: 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.

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.

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. Other employee pay decisions are often based on data gathered from local job listings found on online job boards. "Do

3 Practical Tips to Prepare for Salary Planning

HRsoft

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

Growing a Healthy Compensation Program -- Part Two

Compensation Cafe

Since the company still doesn't have access to compensation surveys due to their purchase cost, managers often bring HR salary data that they've scrounged from the web and Salary.com. You need salary survey data to make real business decisions in HR.

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

Bersin with Deloitte

This opportunity may be very timely, as recent data 3 indicate a tightening labor market and wages that are finally on the rise in a meaningful way, after several years of inflation-adjusted stagnation. In recent years, compensation trends have focused on increasing annual incentives or bonuses because they don’t add to the organization’s fixed costs and can adjust to annual firm financial performance. Posted by Gregory Stoskopf on February 23, 2018.

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.

Why Must Employers Teach Employees About Total Rewards?

NGA Human Resources

It groups together the total value of base pay, bonuses and equity with any benefits (monetary and other) plus and additional employee perks. Anything above can cost more in administrating than any results the incentives can deliver. . This creates a single source of HR data.

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

HR Times

This opportunity may be very timely, as recent data 3 indicate a tightening labor market and wages that are finally on the rise in a meaningful way, after several years of inflation-adjusted stagnation. In recent years, compensation trends have focused on increasing annual incentives or bonuses because they don’t add to the organization’s fixed costs and can adjust to annual firm financial performance. Posted by Gregory Stoskopf on February 23, 2018.

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

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.

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.

7 Dos and Don’ts of Communicating Total Compensation Reports

Compensation Today

PayScale’s data show that when an employer pays under market rate, but clearly communicates the reasons behind that lower compensation, 82 percent of employees report job satisfaction. ” DO: Talk about compensation in relation to performance and career development.

Why Must Employers Teach Employees About Total Rewards?

NGA Human Resources

It groups together the total value of base pay, bonuses and equity with any benefits (monetary and other) plus and additional employee perks. Anything above can cost more in administrating than any results the incentives can deliver. . This creates a single source of HR data.

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.