Remove Bonuses and Incentives Remove Comparison Remove Competencies Remove Performance Management

Competitive Market Surveys Rarely Produce Identical Pay

Compensation Cafe

The reasons may be seem obscure to outsiders, but they are clear to those who follow the arcane practices of the wage and salary management field. In addition, an employer may select different peer comparison groups for each work group and address them differently.

Santa, Where Do Best Practices Come From?

Compensation Cafe

We're likely to pay more attention to findings that support our beliefs and to ignore competing facts and patterns in our data. The exec is often waiting for you to confirm his/her beliefs, and has little interest in competing facts.

The Misallocation Dilemma

Compensation Cafe

When everyone competes for a piece of a scarce resource like employment income, the distribution allocation might be expected to follow some academic formula. More and more money to fewer and fewer people seems to be the trend today.

To Pay For Performance Without Performance Ratings, In For A Penny, In For A Pound

SuccessFactors

In recent times, many companies euphorically and rather media-effectively jumped on the bandwagon of abolishing performance ratings. Most, however, were still trying to hang onto their legacy pay-for-performance concepts based on individual objectives.