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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

whether employees perceive that central elements of performance management are designed well and function fairly." McKinsey data shows that a perception of fairness will strongly correlate with a perception of effective performance management.

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. Managers are more likely to support employee focus groups when they are in an August frame of mind, as well.

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). . The thing is, we seem to be easily distracted by the loud and charismatic, especially when their books sell well.

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: 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. Well, one important detail is that their cash compensation is higher than most other in the marketplace.

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. Your reception depends heavily on how well you handle the time allotted you -- and even more important, how well you smooth decision-making for the executives. Solutions -- Realize that you need to inspire an emotional urgency as well as intellectual interest in you presentation.

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

Compensation Cafe

The opportunity for work/life balance and sense of personal well being that is an improvement over what she/he has now. 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.

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

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. well, you know. let's not just stick those incentives on a flat base pay and call it total compensation.

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.

3 Practical Tips to Prepare for Salary Planning

HRsoft

It requires collaboration among finance departments and other key stakeholders to determine salary budget recommendations, as well as input from line managers. Salary planning typically requires an extensive investment of time and effort for compensation professionals.

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

Growing a Healthy Compensation Program -- Part Two

Compensation Cafe

A great motto for the day after Memorial Day, as well as for this series! 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.

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. These are the neurotransmitters that make us more motivated, more fulfilled, and more physically optimized to do our work well.

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.

Value End-of-Year Implementation -- Turn Down the Heat on the CEO Pay Ratio

Compensation Cafe

That's much harder to achieve if your CEO is not well known or respected by employees. 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.

7 Dos and Don’ts of Communicating Total Compensation Reports

Compensation Today

This works well for lots of orgs — it’s a nice book-end to that process and signals a “final delivery” of pay decision information. This report should prompt conversation about pay, and ideally conversations about performance and 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.