Around the Bonfyre: Talking Change Management Strategy with EY’s Eric Biegansky

Bonfyre

The disruptive nature of change is now a constant. Ernst & Young (EY), a multinational professional services firm, specializes in managing and advising for these transformations, helping to mitigate risk and maximize adoption of desired change systems, processes, and behaviors.

Don't Do That! Bad Habits and Compensation

Compensation Cafe

Change management should be the foundation of 90% of compensation communications. Why is change such a big part of it? Employees need to change their priorities and the work habits they've formed to achieve them. New incentive coming up next year?

Cafe Classic: Are Employees "Costs" or "Assets"?

Compensation Cafe

Such statements are usually a prelude to large executive bonuses, layoffs or plant closings. . It simply shows that initially most employees are a "cost” and that over time, with the right talent management, they become more and more valuable.

Cafe Classic: Putting on Your Explorer Cap via Appreciative Inquiry for the Compensation Pro

Compensation Cafe

A similar philosophy of inquiry is touted in Dan and Chip Heath's Switch , my favorite change management book. Careers Compensation Communication Compensation Philosophy Incentives/Bonuses Pay for Performance Performance Management

When Virtual Reality Meets Plan Design

Compensation Cafe

Whether it is to achieve new goals, measure progress or handle collaboration better, compensation plan design is as much about change management as it is about numbers, so our Compensation Cafe simulations are especially valuable. What can you see the managers and employees doing?

The Immutable Laws of Compensation (Part 2)

Compensation Cafe

Third Corollary: Managers and employees will always believe that low pay (especially their own) is the direct result of the compensation team not properly understanding the “real” market. Base Salaries Compensation Philosophy Incentives/Bonuses Pay for Performance Total Rewards

SHRM ’15: Global Shift, High Performers and More

HRExecutive

Crowds and the heat index aside, I did notice at least one refreshing change at this year’s event: a lot more practitioner speakers. These changes, Fussell said, will inevitably lead a very different leadership mix in the coming years.

Implementation Matters

Compensation Cafe

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

Tax Law Fueling Changes to Employer Benefits and Compensation Programs

HR Daily Advisor

The new tax reform law is fueling changes to corporate America’s employee benefits, compensation, total rewards, and executive pay programs, according to a survey by Willis Towers Watson, a global advisory, broking, and solutions company.

3 Must-Read Digital HR and HR Tech Articles of November 2018

Digital HR Tech

An incentive (in $$$) always helps. Team meetings: Managers constantly promote the referral program and openly discuss needing referrals. In Burns’ company, they offer a $500 or $1000 referral bonus based on the specific role.

Which Job Perks Do Employees Value?

HR Digest

job market the tightest it has been in half a century, human resources managers are struggling to attract and retain top talent. Some value tangible rewards such as bonus, and some value intangibles such as mentoring. With the unemployment rate dropping to 3.6

Principles for Managing Organizational Change

POPinNow

Winston Churchill said, “To improve is to change; to be perfect is to change often.” ” To remain competitive and up-to-date, companies must change; sometimes more than once. Regardless of the purpose, every employee feels the effects of your company’s change. Often, members from the C-suite get caught up in the end game; the purpose of the change; the final solution. Successful companies approach change with an employee-centric model.

Employee Recognition: Picking Up The Pieces

Dave's Weekly Thought

As I enter my 10th year in the Human Capital Management space, I figured it would be beneficial to my readers to reflect on how our industry has (and has not) evolved over the last decade's time. * The names have been changed to protect the innocent. his company had announced the end of the annual performance review process to be replaced with a high touch performance management system (even large corporations cannot refute common sense). He did not receive his bonus.