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Compensation Communications: Should I Say How I Feel?

Compensation Cafe

Many of our colleagues would say that compensation has nothing to do with feelings. On the other hand, feelings have a lot to do with compensation COMMUNICATIONS. On the other hand, feelings have a lot to do with compensation COMMUNICATIONS. Addressing feelings through compensation communications is tricky business.

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4 Tips for 2020 Career Development

Compensation Cafe

What happens when you disappear raises, slim down bonuses, freeze salaries and/or jack up benefit costs? Plus you've put yourself into a situation that will be difficult to explain to anyone's satisfaction unless your employees are well-briefed on your company's compensation philosophy and administration. Speak clearly.

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Can You Depend on Solid ROI for Expensive Elite University Hires?

Compensation Cafe

Employment discussions involve Compensation, front and center, so insights into the impact and cost of these employment decisions would be worthwhile. If the answers are no, there will be few ways to rebalance total compensation as employees move up in the organization. Is there predictive data that can guide us?

Hiring 45
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A Primer on Job Architecture-Part One

Compensation Cafe

Small Life Science and Accounting companies, for instance, often use job architecture because most of their jobs are professional, and career movement relative to levels of increasing competency and responsibility has a rigor dictated by their professions. The basic components are not foreign to everyday compensation work.

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

Compensation Cafe

Salary ranges are built by compensation specialists. Well, one important detail is that their cash compensation is higher than most other in the marketplace. Another important detail is that all employees are eligible for incentives. Managers are, frankly, too self serving to be trusted.

Survey 40
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A Primer on Job Architecture-Part Two

Compensation Cafe

The outcomes of the design process can make compensation administration, career development and workforce planning so much more effective. Simpler examples, though, would be Accounting and Accounts Receivable/Payable under the Finance job family, or Compensation and Benefits under Human Resources. Focus area/philosophy.

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Thinking about Strategy for the New Year

Compensation Cafe

Do different skills and competencies need to be targeted? Her firm, re:Think Consulting, provides market pay information and designs base salary structures, incentive plans, career paths and their implementation plans. You'll want to talk with executives in specific terms about how expectations for employees will need to change.