I like the image evoked by Dan and Chip Heath when they compare incentives to a jet engine : "There's no question that the engine will take you somewhere, fast, but it's not always clear where. Incentives/Bonuses Pay for Performance Total Rewards MORE

How do you compete with the big guys who can offer larger salaries? Mine your network for top talent. Maybe you don’t have the ability to woo talent with big signing bonuses and salaries. Implement a bonus structure in addition to annual compensation to attract and incentive your employees. Offering quarterly or semi-annual bonuses based on results or key performance indicators can be an alluring benefit. MORE

Unfortunately, employee development has also been deemphasized in favor of revenue-generating tasks in many businesses this year. Both managers and Learning and Development (L&D) departments need to be smarter about how they provide learning opportunities for employees. MORE

Often, when bonuses or long-term incentives are distributed, complaints about “budget bottlenecks” can be observed. If all members of a team receive “above-target” feedback, and expectations of an above-average salary increase or bonus are awakened, frustration in the workforce is inevitable. Apart from providing unlimited budgets for bonuses or salary increases, there are not too many alternatives to avoid all these causalities and negative consequences. MORE

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. Highlights of the Talent and Performance Management Survey: When survey takers were asked if they expect to face shortages of talent in areas that will impact their productivity or success in 2016, the majority (71.4%) answered “Yes.”. MORE

The employee-driven economy drew businesses into fierce competition for talent. Benefits, perquisites (perks), and one-time bonuses were currency for attracting new hires and retaining current staff. However, other incentives are running a close second. MORE

I like the image evoked by Dan and Chip Heath when they compare incentives to a jet engine : "There's no question that the engine will take you somewhere, fast, but it's not always clear where. Cafe blogger Jim Brennan reminded us that mentoring is a key to talent development and long-term organizational survival - and that we fail to appreciate and recognize those who do it at our own peril. Incentives/Bonuses Pay for Performance MORE

PossibleWorks is proud to present a series of interactions with senior HR leaders to get their insights into the evolution of talent management and performance management. The second element is in terms of their own capabilities, or as we call them, competencies. ‘We MORE