Compensation Cafe

DECEMBER 5, 2019

Employees gather statistics-lite data from sites like Payscale, Glassdoor and Quora and treat it as equivalent to any data you may offer. It's time to accept that your job has changed from gatekeeper (limiting access to pay knowledge until employees are "ready") to educator (describing the nuts and bolts of salaries and incentives).

Payscale 78

Payscale Compensation eBook How To 78

Compensation Cafe

JULY 17, 2020

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. That's why there are certifications for practitioners in our business.

Compensation 52

Compensation Bonuses and Incentives Competencies Planning Tools 52

Compensation Cafe

APRIL 28, 2020

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. This is a well conducted survey covering a point in time that can be confusing and sometimes even disturbing.

AON 69

AON eBook Compensation Retirement 69

Compensation Cafe

FEBRUARY 11, 2020

Do all executives (and most managers) agree with the approach you use? 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.

Bonuses and Incentives 52

Bonuses and Incentives HR Planning Compensation eBook 52

Compensation Cafe

AUGUST 9, 2019

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. Here's another place where salaries can go off track. Earlier, she was a Principal at Willis Towers Watson.

Bonuses and Incentives 49

Bonuses and Incentives Company Compensation eBook 49

Compensation Cafe

MAY 28, 2019

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. Spend time understanding the nature and root causes of the performance challenges that your new plan must address.

Compensation 85

Compensation eBook Career Development Metrics 85

Compensation Cafe

SEPTEMBER 22, 2020

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. Does your company have a reliable career development infrastructure?

Hiring 45

Hiring Compensation Career Development eBook 45

Compensation Cafe

SEPTEMBER 10, 2020

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.

Compensation 85

Compensation eBook Study Career Development 85

Compensation Cafe

JANUARY 5, 2021

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. Your sponsors will want to know how your team's decisions were made.

Compensation 52

Compensation Planning Tools eBook Performance Management 52

Compensation Cafe

JANUARY 14, 2021

Have you found good data for all of your jobs? Even if senior management pushes back on the costs, timely surveys are required for total compensation judgments. Especially for annual programs like incentives that are not thought about in every month of the year. Salary surveys -- When's the last time you updated your sources?

Compensation 52

Compensation eBook Compliance Training Career Development 52

Compensation Cafe

DECEMBER 10, 2018

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. In the next two weeks, crucial pay discussions are happening in many organizations.

Bonuses and Incentives 51

Bonuses and Incentives Background screening Compensation eBook 51

Compensation Cafe

MAY 14, 2018

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 This is the first in a series.

Compensation 45

Compensation Bonuses and Incentives Background screening Hiring Software 45

Compensation Cafe

JULY 30, 2019

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.

Planning Tools 45

Planning Tools Compensation Compliance Training Performance Management 45

Compensation Cafe

MAY 3, 2019

There is an extreme mismatch between what our employees really want and our efforts at motivating them (through feedback, merit increases and incentives). . Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

Video Recruiting 40

Video Recruiting Compensation eBook Career Development 40

Compensation Cafe

JANUARY 8, 2021

How will the data be used? Observe the management style, too. Find out what they thought about career programs, performance management, manager skills, their HR department. And when it comes to competitor insights, make sure to keep your data fresh. Why is it a priority? What can you learn there?

Compensation 52

Compensation Compliance Training Certification eBook 52

Compensation Cafe

MARCH 25, 2020

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.

Bonuses and Incentives 40

Bonuses and Incentives Compensation eBook Planning Tools 40

Terryberry

DECEMBER 8, 2023

However, it's not about just throwing more money at your workforce and expecting them to stay—you'll need to be strategic with your retention bonuses to implement them effectively. It differs from other forms of bonuses, such as a sign-on bonus or performance-based bonus. That's where a retention bonus can come in handy.

Bonuses and Incentives 52

Bonuses and Incentives Retention and Turnover Hiring Software Assessment Software 52

Compensation Cafe

MARCH 5, 2019

Market tested your incentive rates? You're thrilled that you just finished a great big project that will make employees and managers happy. 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.

Compensation 49

Compensation eBook Career Development Data 49

Compensation Cafe

MARCH 22, 2021

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. Recent findings are more blunt.

Compensation 52

Compensation eBook Career Development Talent Experience 52

Compensation Cafe

DECEMBER 10, 2014

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. In the next two weeks, crucial pay discussions are happening in many organizations.

Bonuses and Incentives 45

Bonuses and Incentives Compensation eBook Performance Management 45

Compensation Cafe

JULY 28, 2020

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. Back at the ranch, data and analytics show you how to convince your employees about the important points you need them to understand and support.

Compensation 52

Compensation Analytics eBook Comparison 52

Compensation Cafe

JANUARY 31, 2019

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." Check out the visual, it's pretty shocking, especially when you compare the Millenials' trend lines with those of other age groups.

Compensation 51

Compensation Career Development eBook Trends 51

Compensation Cafe

JUNE 30, 2021

The outcomes of the design process can make compensation administration, career development and workforce planning so much more effective. If you have the budget, it's particularly important to partner with experienced firms for this work--the projects involve so much data that they can easily get bogged down.

Compensation 52

Compensation Workforce Planning Career Development eBook 52

Compensation Cafe

NOVEMBER 6, 2018

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. If you don't know the answer to execs' questions, just indicate that you will look into them and provide an update.

Planning Tools 45

Planning Tools Interview Software Recruiting Software Bonuses and Incentives 45

Cloverleaf

DECEMBER 16, 2021

They want to feel they have paths to personal and career development. Continue to promote employee development throughout their careers and recognize the value of senior employees. Understand their experience and the lessons it can teach for performance management and employee retention in the future.

Employee Engagement 52

Employee Engagement Hiring Software Interview Software Bonuses and Incentives 52

Compensation Cafe

MAY 25, 2018

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. So this one time, managers don't feel they need to ratchet up pay to contend with competitors -- or to contend with barely satisfied employees. At least until now.

Survey 40

Survey Compensation eBook Career Development 40

Compensation Cafe

SEPTEMBER 28, 2017

And if you haven't yet, now is the time to help them answer questions about crowd sourced pay data. Make your goal to help managers handle performance management and increase discussions exceptionally well this year. That's much harder to achieve if your CEO is not well known or respected by employees.

Bonuses and Incentives 40

Bonuses and Incentives Compensation Performance Management eBook 40

Compensation Cafe

MARCH 8, 2018

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.

Planning Tools 40

Planning Tools Compensation HR Software eBook 40

Compensation Cafe

JANUARY 18, 2018

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. Earlier, she was a Principal at Willis Towers Watson.

Hiring Software 40

Hiring Software Planning Tools Compliance Training Bonuses and Incentives 40

Compensation Cafe

APRIL 2, 2019

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.

Compensation 40

Compensation eBook Guidelines Performance Management 40

Compensation Cafe

MARCH 8, 2017

The data shows that this comes in right up there at #2. 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.

Compensation 49

Compensation How To eBook Retirement 49

Compensation Cafe

JUNE 14, 2017

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 O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

Compensation 40

Compensation Planning Tools eBook Case Study 40

Compensation Cafe

JUNE 17, 2021

The versions that emphasize pay (and slot career growth into pay levels) look and act somewhat differently than the ones that are created specifically to align both pay and career growth. Margaret O'Hanlon brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

Compensation 52

Compensation eBook Competencies Guidelines 52

Vantage Circle

JUNE 28, 2019

Positive feedback motivates employees to improve their performance. Regular feedback makes it easier to assess the data later during the performance evaluation. Every employee seeks to climb up the corporate ladder and further their career development. Related Article: 360 Degree Feedback.

Assessment Software 45

Assessment Software Planning Tools Bonuses and Incentives HR Software 45

Vantage Circle

MAY 29, 2023

If you are wondering, the purpose of such a policy is to Incorporate ESG data measurement and reporting as a means for companies to foster transparency, build trust, and ensure accountability in their environmental objectives, enabling them to attract potential investors, employees, and customers.

Strategy 89

Strategy Hiring Software Assessment Software Compliance Training 89

Workday

JANUARY 13, 2023

Frontline positions require workers to perform their job in person, which talent may view as a drawback in a competitive labor landscape where many industries offer hybrid or remote work. From the study: “In the raw data, 57% of workers said that their manager regularly supports them, and 80% of those workers were happy in their job.

Retention and Turnover 36

Retention and Turnover HR Planning Hiring Software Talent Experience 36

Bob

MAY 4, 2023

To prevent this from happening, companies need to find ways to engage and motivate their people, including showing them that they are valued and providing incentives for them to stay and continue to contribute to the company’s success. HiBob and Mercer have a strategic alliance that provides Mercer’s compensation data directly in Bob.

Talent Experience 60

Talent Experience Hiring Software Planning Tools Bonuses and Incentives 60