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Quick Reminder on Performance Management Effectiveness

Compensation Cafe

I recently ran into a study on effective performance management practices that I want to share with you. Not because it says anything really new, but because it does a great job on focus and insight, attributes we can all use when it comes to performance management.

6 Collaboration Techniques to Improve Team Performance

Synergita

Managing team collaboration in the workplace is a real challenge that every organization faces. If you are also one of the business owners facing difficulties in ensuring a good team performance and improving that with time, this article is just for you.

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Performance Management In The Post-Rating Era – Quo Vadis?

SuccessFactors

If this culture is to remain intact – in the form of pay-for-performance, for example – how will salary and career development decisions be taken if ratings are no longer used? Company performance based concepts – just a partial solution.

Talent and Performance Management Survey Summary

HR Daily Advisor

The HR Daily Advisor research team conducted the 2016 Talent and Performance Management Survey in January, 2016. Talent and performance management are some of the most important and rigorous tasks any HR professional has to deal with. Managing Shortages. HR manager.

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. Wouldn't it be great to share your key dates for performance management, salary discussions etc.

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. It's time to have a modular communications plan that can be customized to a manager's needs.

How Well Do Numbers Speak for Themselves?

Compensation Cafe

Base pay $750,000; bonus $100,000; non taxable pay $10,198. Size of endowment and development responsibilities would have also helped -- especially the trends during her tenure. With the very best intentions, we often assume that the size of a merit increase or bonus speaks for itself.

5 Ways to Fight the "Peanut Butter" Syndrome

Compensation Cafe

When it's time to link salary increases to performance ratings, the famous "peanut butter" syndrome comes to mind. You know, the one where you give managers a merit budget to allocate. These are often the same managers who are paying employees more than range maximum.

Ready for Cutting Edge Communications?

Compensation Cafe

Face it, those auto-messages provided by compensation and performance management administration systems don't qualify as communications, so don't even try to count them in. This year, make managers your primary communication audience. Figure out all of the ways that you can support them in pay and performance decision-making and give them first shot at your budget. but wouldn't that be solved by having a manager that can give expert answers on his/her own?

Marketing Compensation to Employees and Managers? You Bet.

Compensation Cafe

You know, just like if you have a new compensation change or improvement, why don't employees and managers just buy it and applaud your innovation? They have to introduce new insurance and wellness products regularly. Marketing?

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

Compensation Cafe

This is a big loss to our work, our managers and our employees. How well do managers play their role? How well do you orient managers? Do all executives (and most managers) agree with the approach you use? How do you explain your bonus awards?

Expect More (From Yourself) This Year

Compensation Cafe

To make them fun while I count the days until my time off, I thought I would write a series about our upcoming main event -- planning for end of year performance assessment and reward implementation. Do) Y ou care about managers as people? Well, let's see.

3 Ways to Improve This Year's Compensation Communications

Compensation Cafe

Here are three tips you can use any time during the year, but most of all during merit increase and incentive award periods. A champion is someone who will guide and influence the progress of your communications, especially with senior management and department heads.

Is Pay Transparency a Gift? Agree, No Opinion, Disagree

Compensation Cafe

Pay-for-performance: "I am satisfied with how pay raises are determined.". 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.

Cafe Classic: Be Careful What You're Grateful For This Year

Compensation Cafe

Top performer. Managers are adding up the increases for those who go by these titles because, ever since the recession, you need to show up for work wearing a Marvel costume to be eligible for anything beyond a negligible salary bump.

At Some Point, You Have to Talk with the Executive Team

Compensation Cafe

This "war story" is the one about the Compensation Director who hired a firm to develop a new compensation program. But if it isn't enough to give executives a tight, well-crafted plan, how and when do you communicate with the executive team?

Stuff Changes

Compensation Cafe

She has already surpassed the quota demanded last year.” Performance output objectives valid in prior periods are irrelevant going forward. I thought I was supposed to switch my functional assignment and move into the management progression ladder this month.” S tuff changes.

Only Cash Buys the Confidence Needed for Non-Cash Appreciation

Compensation Cafe

Money spent on fringe benefits, recognition systems, career development programs and the like will provide the maximum return on the investment only when employees are not actively dissatisfied with their incomes.

Loving the Way Your Numbers Make Me Feel

Compensation Cafe

Well, for those of you who don''t buy the "soft stuff," it''s time to pay attention. Yes, how you communicate continues to have real influence on engagement and performance. She brings deep expertise in compensation, career development and communications to the dialog at the Café.

Cafe Classic: Chaos Theory

Compensation Cafe

Margaret O'Hanlon brings science to bear on this Classic challenge and explains why this ultimately may not serve the organization, its mission or its people well. Base Salaries Compensation Philosophy Incentives/Bonuses Nonprofit Compensation Small Company Compensation

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

Compensation Cafe

Employees shoulder the burden of pay for performance, hating the carrot and stick. There is an extreme mismatch between what our employees really want and our efforts at motivating them (through feedback, merit increases and incentives). .

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. Give your managers discussion outlines to use in these meetings.

You've Got to Start Somewhere!

Compensation Cafe

Market tested your incentive rates? You're thrilled that you just finished a great big project that will make employees and managers happy. Instead, it IS time to raise consciousness by providing an overview (one that managers can appreciate, as well).

Implementation Matters

Compensation Cafe

Pay for performance is a form of change management if we do it right. 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.

Cafe Classic: Managers Can't Use Salary Surveys Wisely, and Other Urban Myths

Compensation Cafe

In today's Classic, Margaret O'Hanlon digs into our beliefs about what we can and cannot trust our managers to handle on their own, using the example of a particular company that does things differently. Managers are, frankly, too self serving to be trusted.

Thinking about Strategy for the New Year

Compensation Cafe

For instance, I had a client who was the founding HR manager of a new food processing business. 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.

5 Ways to Do Comp Better

Compensation Cafe

They are easy to implement and guaranteed to help you build your employees' confidence on a daily basis, as well as your own. Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

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.

Clearing Away the Cobwebs

Compensation Cafe

Over the years, Compensation Cafe writers have pointed out that a lot of money is spent wastefully in compensation on the premise that the pay-for-performance concept simply and automatically drives employee performance.

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

Compensation Cafe

You may want to consider sharing a version of this "how to" list with your managers. The opportunity for work/life balance and sense of personal well being that is an improvement over what she/he has now. Everyone was impressed with the prospective employee.

eBook 60

Should Employee Compensation Practitioners Care about the Economy?

Compensation Cafe

Our speaker is Gary Schlossberg , Senior Economist at Wells Capital Management , so we're banking on up-to-the minute information on next year's fiscal and monetary policies, as well as worldwide market trends. As the economy goes, so goes your merit and bonus budget.

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.

Why Compensation Doesn’t Drive Motivation

Reflektive

But will the incentive of a higher salary or compensation bonus improve their work performance? Well, that’s another story. Financial incentives can undermine autonomy and intrinsic motivation Click To Tweet. More than 70 percent of today’s workforce are knowledge-based employees, meaning their performance is driven by their skills, attitude, and their ability to innovate and drive change. Use Development as a Driver. Everyone can use more money.

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. Give your managers discussion outlines to use in these meetings.

14 Characteristics of a Great Workplace

EmployeeConnect

High Performers are of the opinion that challenging and meaningful work is one of the first attributes that they look for while seeking a job. In great workplaces, top performers work hand in hand with other top performers demonstrating positivity, hard work, commitment, loyalty, have belief in what the organisation does, and participates in making the workplace a great one. Offer Opportunities for Training and Development. Genuinely Care about Employees’ Wellness.

Growing a Healthy Compensation Program -- Part Two

Compensation Cafe

A great motto for the day after Memorial Day, as well as for this series! In turn, the Human Resource Manager has become more visible to employees and more involved in day-to-day operations. The annual bonus was affected by production outlays for the new product.

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. Payment of bonus is determined by the CEO after the "books are closed" and results are discussed with Board.