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. Or they reference an executive presentation with data that turns out to be more than 12 months old. Of course, just like any data, employee data is only valuable if you're going to use it to make decisions.

Pay Transparency Check-In

Compensation Cafe

Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café. Base Salaries Compensation Communication Compensation Philosophy Data and Analytics Gender Equity Incentives/Bonuses

eBook 74
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A Primer on Job Architecture-Part Two

Compensation Cafe

The outcomes of the design process can make compensation administration, career development and workforce planning so much more effective. Those levels, in turn, are used for talking about career stages within a job function.

eBook 52

A Primer on Job Architecture-Part One

Compensation Cafe

A job architecture's goal is organization-wide alignment of all jobs in a company into a structure which may be used to address: workforce planning, job levels, job titling, career movement and pay. .

eBook 52

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

Can You Depend on Solid ROI for Expensive Elite University Hires?

Compensation Cafe

Is there predictive data that can guide us? This report talks about "nominal" differences in groups, but that word just helps them communicate what they've found and sidesteps the fact that the data may not be either robust or predictive. Nonetheless, the data does suggest a few valuable analytic opportunities if you read between the lines. On the other hand, what if you're hiring for an entry-level position with a tall career ladder over it?

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: How is Compensation Like Dating

Compensation Cafe

When the data shows that we keep doing the same thing -- and getting away with it -- there's no need to change. Margaret O'Hanlon brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

Make Milestones Matter

Compensation Cafe

Most reviewers prefer data presented graphically, so visuals like dashboards send powerful messages about your project management achievements. . Your presentations will not only be about data or plan design. Isn't this the time of year when major projects are planned?

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. Analysis of divisional productivity data (followed by some manager interviews) can tell you a lot about performance obstacles, for instance. Singing, Dancing and Posing: Aligning Incentives, Performance Metrics and Strategic Objectives by Stephanie Thomas.

Skip the Coulda, Woulda, Shouldas This Year

Compensation Cafe

Think of how much better you will feel -- about yourself and your career -- when you see your effort come to pass in fourth quarter or sooner. Have you found good data for all of your jobs? Stay up to date on pay and career practices at local and national competitors.

Cafe Classic: It's a New Year and I Have an Urge -- Don't You?

Compensation Cafe

Editor's Note: In the early years of your Compensation career? Margaret O'Hanlon has some Classic tips for making career headway in the New Year. If you find yourself in the early part of your career as this year begins, here are a few suggestions that can help you, I bet.

Compensation Communications: Should I Say How I Feel?

Compensation Cafe

There's a right and a wrong way to do our work, and a big part of it has to do with knowing the difference between good and bad data. Take another example -- you need to communicate the bad news that mid-year bonuses will not be paid because of business conditions.

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.

Compensation Communications that Hit the Mark This Time

Compensation Cafe

What have data and analytics got to do with compensation communications? You can use employee data and analytics to learn how to talk in a more relevant and engaging way with your employees. Compensation Communication Compensation Philosophy Incentives/Bonuses Pay for Performance

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

Compensation Cafe

How often do you age your data? Does management understand how you manage the data and do they agree with your schedule? How do you explain your bonus awards? Many employees can't explain what they did to earn their bonus.

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. You've been nudged many times by Compensation Cafe writers to develop a salary administration handbook, so managers and compensation staff alike have reliable guidelines for any circumstance. 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. The thing is, no good incentive plan guarantees a payout, and most large-company employees can remember years when the business couldn't fund an incentive.

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. McKinsey data shows that a perception of fairness will strongly correlate with a perception of effective performance management. Base Salaries Compensation Communication Incentives/Bonuses 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." At some point, wouldn't it be wiser to invest (in salaries, let alone other loyalty and trust issues like career development) rather than spend (on lower productivity, recruiting, orientations and so on)? 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. If you start on this data gathering in August, you'll have enough time to really analyze the status quo and plan improvements before September due dates. Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

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. You certainly couldn't have said that you really didn't have the data back that up. Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

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). . So it was reassuring to find a calm voice confidently citing data, trends and how some people's lust for book sales/academic promotions have helped create myths that we take for science in HR -- and then use to justify our decisions. 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: 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. Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

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. Her firm, re:Think Consulting, provides market pay information and designs base salary structures, incentive plans, career paths and their implementation plans.

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. Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café. 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. Many candidates come from employers who use incentives very differently than your company does. Incentives give you an opportunity to personalize rewards -- which is a current employee preference -- so if that's the way your total compensation works, promote it.

eBook 46

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. In the wider world think merit pay, incentives, equity awards, sales compensation, wellness, medical cost management, training and you've only touched on the most obvious examples. Base Salaries Compensation Philosophy Incentives/Bonuses Pay for Performance Sales Compensation Surveys Total Rewards

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, ". I know that compensation practitioners have learned to thrive (or should I say, survive in the Board Room) by embodying a confidence in their own abilities and data. Compensation specialists, what do we do well that others don't?

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. I'm talking large, broad-based surveys conducted repeatedly over decades by expert researchers like Gallup and Towers Watson who base their reputations on building valid and reliable data.

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. Explaining consistently to all employees, how the budgets have been allocated for merit increases and bonuses. It will help you start 2015 with a clearer focus on your influence and your career.

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

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. The annual bonus was affected by production outlays for the new product. Employees were informed of the effect of the one-time operating cost on the bonus. This is the second article in a series. "If

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

Linkedin Talent Blog

He believes speaking out about diversity has hurt his career, and he’s not alone: studies show that people of color and women are penalized for promoting diversity , while white men tend to get rewarded for the same behavior, Leslie explained at LinkedIn’s recent Talent Intelligence Experience in New York City. It takes courage to push for diversity, but using data—which comes naturally to an engineer like Leslie—has helped him drive change.