Compensation Cafe

MAY 9, 2016

Here are a few tips from organizations that have learned about the ugly combo of panic and compensation. Let's try again with a bigger [select an option: salary, sign-on bonus, incentive, equity offering, loan opportunity and, and, and].". We're all familiar with the "deer in the headlights" experience. I'm sure of it."

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Hiring Software Staffing Software Bonuses and Incentives Compensation 40

Compensation Cafe

MAY 14, 2018

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. If you can learn from what others have done who were in your shoes, your program design decisions could be favorably influenced. This is the first in a series.

Compensation 45

Compensation Bonuses and Incentives Background screening Hiring Software 45

Compensation Cafe

JULY 28, 2020

What have data and analytics got to do with compensation communications? Imagine you had to tell the Compensation Committee that the company couldn't afford one of their proposals. You can use employee data and analytics to learn how to talk in a more relevant and engaging way with your employees. Here are a few illustrations.

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Compensation Analytics eBook Comparison 52

WorkHuman

DECEMBER 8, 2016

‘Tis the season for holiday parties, gift swaps, and … budgets, if you’re in compensation and total rewards. Interestingly, the same survey shows that annual performance bonuses will decline slightly next year, while discretionary bonuses will increase slightly. Even executives are only expected to receive a 3.1%

Bonuses and Incentives 70

Bonuses and Incentives Strategy eBook Retention and Turnover 70

Compensation Cafe

JUNE 25, 2020

Compensation departments often run on the "no news is good news" communications strategy, choosing to take the upper hand in their relationship with employees. How long will it work for compensation departments to play it close to the vest in a world where information changes hands every nanosecond? It's barely working now.

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HR Planning Compensation eBook Planning Tools 105

Compensation Cafe

JANUARY 14, 2021

Still haven't solved that compensation issue that's been nagging at you? You know, the ones that would deliver on your compensation philosophy, but you don't really have the confidence to take on. Use Compensation Cafe as your DIY resource. Job architecture -- We talk about this often in the Compensation Cafe.

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Compensation eBook Compliance Training Career Development 52

Compensation Cafe

MAY 28, 2019

Most compensation practitioners can tick off the obvious ones on their fingers. Interviewing executives to learn how to have an impact on the issues your leaders face. Go back through Compensation Cafe archives and you find many articles on each of these plan design parameters. Best practices for plan design?

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Compensation eBook Career Development Metrics 85

Compensation Cafe

FEBRUARY 6, 2017

Compensation Cafe has covered Wells Fargo's pay practices since 2009, when the Bank canceled prefunded employee recognition and rewards events in the midst of the Recession, blaming it on federal government restrictions on bank practices following the subprime mortgage crisis. That means your compensation plan, too.).

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Compensation Wellness ATS eBook 40

Compensation Cafe

AUGUST 9, 2019

Now you're off and running, right? Turns out that you have to take better care of Human Resources than that, especially compensation. Want to keep things from getting rocky and make the most of your compensation budget? Or, and maybe less costly, engage a compensation consultant who has good surveys.)

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Compensation Cafe

JANUARY 8, 2021

Editor's Note: In the early years of your Compensation career? If senior practitioners look for help, give it. Whether they need help in Compensation work or just in general, they will appreciate your interest. You probably learn a lot, too, as long as you make a point of it. What can you learn there?

Compensation 52

Compensation Compliance Training Certification eBook 52

Compensation Cafe

JUNE 17, 2019

It got me wondering when, and from where, will the cutting edge improvements in compensation communications be coming? So are we just going to let compensation communications be left in the dust? How about a deep briefing on what competitive total compensation means and how Human Resources makes it come about?

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Bonuses and Incentives Planning Tools Compensation eBook 45

Compensation Cafe

JULY 30, 2019

If your compensation system works on a calendar year, you're going to be asked to start a compensation communication plan in September. 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.

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Planning Tools Compensation Compliance Training Performance Management 45

Compensation Cafe

JULY 19, 2019

These italics are mine, chosen to highlight how innovative and focused manager training design could be if it honed in on those skills.). 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. Procedural fairness is defined as, ". .

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Performance Management Bonuses and Incentives Compensation eBook 45

Compensation Cafe

JANUARY 18, 2018

Yes, survey results do have a shelf life, but you conducted that survey in part to build your relationship with employees. It's time to cement your project plans for the coming year, so I thought I'd pass along some items to consider before you submit for approval. But first, I want to share a thought I heard recently.

Hiring Software 40

Hiring Software Planning Tools Compliance Training Bonuses and Incentives 40

Compensation Cafe

FEBRUARY 19, 2018

"Employee pay has become a trending topic in media and online." That was the first sentence in the April 15, 2014 Compensation Cafe article. I've been impressed by the writers' grasp of the compensation field and their ability to help their readers (your employees) navigate your compensation practices better. .

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AON Bonuses and Incentives Compensation eBook 40

Compensation Cafe

MARCH 13, 2020

How do you talk about compensation within Total Rewards? What did that have to do with compensation? It also didn't mean that I was always happy with the career opportunities, but I was always thrilled with what I was learning. Margaret O'Hanlon is here with some Classic tips for upping your game.

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Bonuses and Incentives Compensation Career Development eBook 52

Compensation Cafe

AUGUST 21, 2018

Planning to upgrade compensation management with new software? I live in technology gulch so you'd think these issues were long dealt with here, but when we asked the members of the local compensation association for their hot topics, software topics were in the top five -- software selection and optimizing software metrics.

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Planning Tools HR Software Software Compliance Training 40

Compensation Cafe

JULY 10, 2017

Fiscal year 2106 total compensation was $860,198. Total compensation ranked fifth in the Big Ten , and three of those above her are being paid more than a $1,000,000. That the statement, "$100,000 bonus," means the same to you and me -- especially when we're sitting around a table with a Compensation Committee or executives.

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Bonuses and Incentives Wellness Compensation eBook 40

Compensation Cafe

MARCH 30, 2016

That's the theme of most HR conversations about compensation communications. Think our compensation communication urban legends get in the way? Think our compensation communication urban legends get in the way? online, Twitter, Facebook, video, print, etc.). It's too bad, really.

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Compensation Hiring Software HR Software Compliance Training 40

Compensation Cafe

APRIL 25, 2019

You can howl that they have you over a barrel, or you can get your mind around how unusually short the learning curve will be. Possibly because you share some combat scars and often learn from each other. Incentives. To them incentive payments reflect, among other things, their relationships with their colleagues.

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Hiring Hiring Software eBook Compensation 45

Primalogik

MARCH 2, 2023

Another may realize that its incentive program isn’t having the desired impact, leading it to a more effective solution. Performance management tools have become essential to HR operations. These solutions belong in every HR toolkit. When companies don’t have the right tools in place, it leaves employees feeling disempowered.

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HR Software Assessment Software Onboarding Software Planning Tools 52

Compensation Cafe

SEPTEMBER 22, 2020

Employment discussions involve Compensation, front and center, so insights into the impact and cost of these employment decisions would be worthwhile. So if the position that you are sourcing prioritizes any or all of these, an investment in an elite university hire should pay off. How about Cornell? Who are you hiring?

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Hiring Compensation Career Development eBook 45

Hppy

OCTOBER 6, 2017

In fact, the right sales team will take the burden off your shoulders; so you can focus on developing long-term strategies for your organization. To use money as a motivator, managers can link sales results to financial rewards, plus add incentives such as bonuses for outstanding performance. Recognition.

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Compliance Training Bonuses and Incentives eBook Video Recruiting 71

Compensation Cafe

JUNE 30, 2021

The outcomes of the design process can make compensation administration, career development and workforce planning so much more effective. Plus, there is an opportunity for each of us to learn so much about the organization's jobs and reward philosophy during the design process, and to improve employee pay satisfaction at the same time.

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Compensation Workforce Planning Career Development eBook 52

Compensation Cafe

JUNE 17, 2021

It is such a great way to learn in detail about the relative contribution that each job makes to our organization, and about the operational value of having the words to describe each job's contribution to employees. The basic components are not foreign to everyday compensation work. How can you brush up on job architecture?

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Compensation eBook Competencies Guidelines 52

Compensation Cafe

JUNE 14, 2017

I'm passing the second video along because, in my experience, it's the first time that WorldatWork has highlighted the value of behavioral psychology/economics for our compensation practices. Somehow it felt like time to hit the reset button, so I went looking for inspiration. I came up with two new WorldatWork videos (embedded below).

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Compensation Planning Tools eBook Case Study 40

Compensation Cafe

JUNE 6, 2019

Today's article is the second in a series on the Virtual Reality (VR) of compensation plan design. Just ask the Compensation Cafe staff!). You don't need special VR goggles when you drop into the Compensation Cafe, but that's what we often give you -- a quick simulation of what it's like to be in the midst of our projects.

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Planning Tools Meeting Compensation eBook 40

Compensation Cafe

MARCH 8, 2018

Dig in, you'll learn fast: 2018 tax withholding calculator The IRS provides a tool that will help your employees avoid nasty surprises at the next tax filing. Learn how and where to find it to help employees determine whether current withholding choices are the best for them under the new law. and globally.

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Planning Tools Compensation HR Software eBook 40

Compensation Cafe

SEPTEMBER 21, 2018

I want to talk about Toyota’s woes and what they can teach us about our job in compensation. . Have we tried to distill what we have learned so we can use it to help us in the future? What can we learn from Toyota? I think it comprises the essence of pay for performance, so it deserves close attention.

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Meeting Bonuses and Incentives Compensation eBook 40

Compensation Cafe

SEPTEMBER 18, 2019

This "war story" is the one about the Compensation Director who hired a firm to develop a new compensation program. Her idea was to address a number of problems that she believed were obvious obstacles to the compensation plan's effectiveness. That meeting signaled the end of the project. It's a telling true-life experience.

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Compensation ATS eBook Career Development 40

Compensation Cafe

FEBRUARY 20, 2015

Did you think we''re just standing on a soapbox when we say that we believe that, "Everything we do in compensation is communication?" As communicators know from their professional training, people don''t deliberate on numbers or any other information, they react immediately and emotionally. Now for a taste of the science involved.

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Bonuses and Incentives Compensation eBook Performance Management 40

Compensation Cafe

SEPTEMBER 12, 2016

It's worth pausing a minute to contemplate the fate of Wells Fargo 's incentive plan. But I do think there is much we can commiserate with in this story, if we look into our own Compensation hearts. There's a full chapter of data management guidelines in the eBook, Everything You Do (in Compensation) Is Communications.

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Compensation eBook Guidelines Course 40

Compensation Cafe

MAY 25, 2018

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. At least until now.

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Survey Compensation eBook Career Development 40

Compensation Cafe

JANUARY 22, 2019

According to behavioral economists, we have a lot to learn about designing cash incentives. It is common with MBOs, sales programs and classic incentive designs. Oddly, opacity rather than transparency is the advice coming from a recent paper in a highly regarded journal. You know the problem.

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How To Compensation Guidelines eBook 40

Compensation Cafe

MARCH 23, 2015

I''ve written a lot about implementation on Compensation Cafe, including a series that starts with this article. It''s also the minimum you need to invest in any kind of compensation plan rollout. Why keep harping on it? The employees who understand this turn out to be the high potentials. Why bring this up again?

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Bonuses and Incentives Compensation eBook Handbook 40

Compensation Cafe

JANUARY 15, 2015

Experienced designers will advise you, tell you and urge you to start with a really good problem definition. Did I ever mention how important a good problem definition is?) The problem is, they don''t often tell you what a good problem definition involves, what it will offer you and how to get there. So here goes. Let''s look at a poor example.

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Bonuses and Incentives Compensation Hiring Software eBook 40

Compensation Cafe

JANUARY 25, 2017

Much of what we do in compensation is logical and systematic. Learn a lot. In compensation, the best consultants consider themselves teachers, showing you how everything is done and prepping you to do it yourself, so you can build on the results of your current project without further help from them. Odds are, it is.

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Compensation eBook Performance Management Analysis 40