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.

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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?

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How to Make Headway on Pay Transparency

Compensation Cafe

Employees gather statistics-lite data from sites like Payscale, Glassdoor and Quora and treat it as equivalent to any data you may offer. Otherwise you will lose the battle of misguided data. Have you measured your progress on pay transparency? It's definitely time to check.

Cafe Classic: The Truth About Great Compensation Design

Compensation Cafe

A few managers can become better at managing through coaching and development. But we can use this data to help us make our designs more practical, and if we're successful, compensation can finally become far more influential in the workings of our companies.

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?

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.

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.

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

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

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

Compensation Cafe

There is an extreme mismatch between what our employees really want and our efforts at motivating them (through feedback, merit increases and incentives). . Base Salaries Compensation Philosophy Incentives/Bonuses Pay for Performance

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

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.

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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.

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.

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.

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

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

HR Insights for this Christmas

CandidateZip

The problems may include low productivity, discrimination, holidays request, bonuses, incentive, etc. Offer Training Programs: Invest in your team rather than merely showing gratitude with the bonus; why not offer them training and career development courses?

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.

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.

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.

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.

Millennials vs. Generation Z: Key Recruiting Differences

Yello

Career development Gen Z’s most important factors when deciding to accept a job are: Salary, work-life balance, and job duties they’d be working on. Millennials’ most important factors when deciding to accept a job are: salary, work-life balance, and career growth opportunities.

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.

How Siemens Healthineers is Embracing Disruption in Healthcare

Workday

How do you see that developing, and what are the opportunities for organizations in such a climate? I also think about this from a data perspective, as these services, from CTs, MRIs, ultrasound, X-rays, and other laboratory diagnostics all create digital data, so digitization is another important area. How we use that data to determine which therapy is most effective for which patient is crucial, and personalised medicine is at the centre of all of this.

Forget the Lemonade--Grab a Shovel

Compensation Cafe

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. You've probably read about the various companies that are paying their employees bonuses in recognition of extra work hours or difficult work environments. You know, we've got this reputation for being irreverent at Compensation Cafe.

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