Compensation Cafe

MAY 22, 2020

Or, in the case of variable pay programs, if you concentrate exclusively on the incentives for recognition purposes, eventually you won't notice that you're decimating your base salaries. And no matter what type of pay strategy you have, recognize that your decision making is naturally biased in favor of the rationality of the strategy.

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Compensation Bonuses and Incentives Performance Management eBook 52

Compensation Cafe

MAY 28, 2019

Connecting business strategy with an employee's work, so the reasons for their rewards are plain as day. 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.

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Compensation eBook Career Development Metrics 85

Compensation Cafe

NOVEMBER 28, 2018

One approach is to take into account whether the job is critical to the bottom line, to ongoing innovation or to strategy upgrades. Remember, some companies have begun to put their differentiation efforts into incentive payments rather than salary increases. Incentive decisions can also be peanut buttered, as I'm sure you've noticed.

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Compensation Planning Tools Interview Software eBook 80

Compensation Cafe

MARCH 13, 2020

There are opportunities to move up in almost every setting, whether or not the company has a formal career development strategy. That why it's called a Total Rewards strategy. A seven-year employee should think Total Rewards when they ask themselves, "What am I really getting out of this?" What are the magic words?

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Bonuses and Incentives Compensation Career Development eBook 52

Compensation Cafe

DECEMBER 18, 2018

The online Business Dictionary defines business strategy as: -A method or plan chosen to bring about a desired future, such as achievement of a goal or solution to a problem. When it came time to develop a strategy for the function, her first step was to send an Associate level staff member to talk with employees.

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Strategy HR Planning Planning Tools Interview Software 40

Compensation Cafe

NOVEMBER 24, 2020

71% of us in HR report that 2020 is the most stressful year of our career, so I know I'm asking a lot. But years like 2020 are also the ones that show how effective HR is at strategy. And usually the specific issue is merit increases and/or bonuses. 2020 has just been too much. It's really hard to sort out who gets what, I know.

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Bonuses and Incentives Compensation eBook Career Development 52

Compensation Cafe

JULY 19, 2019

A clear line of sight is both a business strategy and a people strategy that gives employees a sense of meaning and purpose. ). Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café. But is there a bottom line?

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Performance Management Bonuses and Incentives Compensation eBook 45

Compensation Cafe

DECEMBER 17, 2019

For example, it will just frustrate employees if you include the question, "I am well informed as to how my job fits into our company's business strategy" with no plans of improving that dimension of communication. I know what I can do to influence the size of my incentive. I understand how the increase budget is determined.

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Compensation eBook Comparison Survey 52

Compensation Cafe

OCTOBER 24, 2019

Here are three tips you can use any time during the year, but most of all during merit increase and incentive award periods. Compensation Cafe founder, Ann Bares, recently wrote a fabulous guide to developing a compensation philosophy that can help you obtain key insights by asking crucial questions.

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Compensation Planning Tools eBook HR Software 58

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

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Planning Tools Compensation Compliance Training Performance Management 45

Compensation Cafe

SEPTEMBER 21, 2018

Let’s say, a year when there will be layoffs and no bonuses. Would they face up to the consequences if the communication strategy didn't meet its goals? Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

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Meeting Bonuses and Incentives Compensation eBook 40

Compensation Cafe

MARCH 5, 2019

Market tested your incentive rates? No matter how enthusiastic (or panicked) you are about introducing your new program, design a communication strategy that has stages. Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

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Compensation eBook Career Development Data 49

Compensation Cafe

JULY 22, 2019

Consistent, strategic pay practices are not simply a recruiting or overhead issue for a small, dynamic organization, they are part of an operating strategy designed to keep the company healthy and focussed. . As we all know from personal experience, you can buy just about anything but if it's mainly on impulse, chaos can ensue.

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Compensation eBook Planning Tools Recruiting Software 40

Compensation Cafe

JANUARY 18, 2018

They come from successful problem-solving strategies in many, many companies. Odds are you're spending more on hiring bonuses (because you're not sure about your salaries) than you would spend on compensation surveys. The rest of my suggestions are practical and time-tested. Earlier, she was a Principal at Willis Towers Watson.

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Hiring Software Planning Tools Compliance Training Bonuses and Incentives 40

Compensation Cafe

SEPTEMBER 18, 2019

When it's time to give your formal presentation to the full team, begin by describing the business impact of your new approach and end with insights into implementation challenges and strategy. Show that you have heard the individual executive suggestions. Earlier, she was a Principal at Willis Towers Watson.

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Compensation ATS eBook Career Development 40

Compensation Cafe

MARCH 23, 2015

When your company''s strategy shifts each year, employees'' objectives and decision-making should shift, too, as well as what it takes to earn rewards. Other employees have to be reminded of this and schooled by their managers -- through performance planning and feedback -- on the role they play in implementing the strategy.

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Bonuses and Incentives Compensation eBook Handbook 40

Compensation Cafe

JUNE 14, 2017

During the Recession, we were just hanging on for our lives, so overall strategy couldn't be a priority. 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. Think back. The video doesn't have answers.

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Compensation Planning Tools eBook Case Study 40

Compensation Cafe

AUGUST 31, 2017

And Finance may want to have a bit more input into HR strategies than we currently want them to have. Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café. We also seem to prioritize metrics in a similar way.

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eBook Compensation Career Development Metrics 40

Compensation Cafe

SEPTEMBER 28, 2017

I'm here to suggest that, if you are wise, you are planning to treat 2017 merit pay communications as a step in your Pay Ratio communications -- perhaps the first step in a lengthy strategy. Every company's communication strategy about the Pay Ratio should be carefully customized to your culture, but there is one thing that will be common.

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Bonuses and Incentives Compensation Performance Management eBook 40

Compensation Cafe

NOVEMBER 16, 2015

Most of us work in companies where strategy is discussed by the CEO in January, perhaps revisited in March or June. Download yourself a copy of the popular ebook, Everything You Do (in Compensation) Is Communication @ www.everythingiscommunication.com, and feel the affirmations start to flow! Who wouldn't be a fan of this CEO?

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Compensation eBook Benchmarking Data 40

Compensation Cafe

DECEMBER 17, 2015

In short, Dry Run #2 is about strategy not just words. Strategy includes events as well as messaging -- and a rollout schedule. Time to sharpen your pencil and look for places to edit and/or upgrade your strategy and messaging. Also, given your talent needs, which employee groups will need the most attention?

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Compensation eBook Groups Career Development 40

Compensation Cafe

NOVEMBER 30, 2017

jobs if we have to adjust to new production strategies. It will help you advance in your career. Your HR executive needs to make expensive financial decisions influenced by business strategy, too. I think that this is an important question to answer, so I'm going to dig in. Your executives are financial experts.

Compensation 40

Compensation Bonuses and Incentives Staffing Talent Acquisition 40

Compensation Cafe

FEBRUARY 25, 2020

For example, in the early years, it could include a development strategy on accountability for your managers; measures that identify improvement; and time-sensitive rewards for progress against the measures. The plan would also need a number of measurable milestones. Earlier, she was a Principal at Willis Towers Watson.

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Compensation eBook HR Function Performance Management 69

Compensation Cafe

JUNE 17, 2015

The essence of strategy is in the activities -- choosing to perform activities differently or to perform different activities than rivals. Otherwise, a strategy is nothing more than a marketing slogan." She brings deep expertise in compensation, career development and communications to the dialog at the Café.

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Compensation eBook Competencies Career Development 40