Compensation Cafe

JULY 28, 2020

What have data and analytics got to do with compensation communications? Oddly enough, these numbers can help you give your communications a more personal tone, make them more user friendly and enable you to bridge the gap between HR-speak and employee-speak. In other words, you'd customize your communications to each audience.

Compensation 52

Compensation Analytics eBook Comparison 52

Compensation Cafe

JUNE 16, 2020

What happens when you disappear raises, slim down bonuses, freeze salaries and/or jack up benefit costs? These are field-tested tips that you can slip into your planning right away. Experience shows that when a manager reneges on a employee's career plan, the trust level between the two is almost impossible to fix.

Career Development 85

Career Development Bonuses and Incentives Compensation Employee Recognition 85

Compensation Cafe

MARCH 22, 2021

Editor's Note: How is your compensation program's relationship with your employees going. In her Classic post, Margaret O'Hanlon shows us how to rethink this relationship by considering how employee compensation is a lot like dating. And once we start going steady, our goal -- in HR-speak -- is to build Engagement.

Compensation 52

Compensation eBook Career Development Talent Experience 52

Compensation Cafe

APRIL 9, 2018

What, if anything, does that have to do with our compensation work? You know, just like if you have a new compensation change or improvement, why don't employees and managers just buy it and applaud your innovation? They don't automatically appreciate the glories of HR's next great idea, no matter how great HR thinks it is.

Compensation 55

Compensation HR Planning Retirement eBook 55

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. and you can go home many more weekends feeling confident that you're an effective HR leader. This is the first in a series.

Compensation 45

Compensation Bonuses and Incentives Background screening Hiring Software 45

Compensation Cafe

AUGUST 9, 2019

Human Resource management may end up as a department of one, but it often it starts out as just one more thing for the founding executive team. The PEO gives you a handbook to distribute, and your benefit providers give you Summary Plan Descriptions (SPDs) to hand out. Get credit for your incentives.

Bonuses and Incentives 49

Bonuses and Incentives Company Compensation eBook 49

Compensation Cafe

FEBRUARY 11, 2020

Do we really have grassroots support for compensation philosophies? Compensation or total rewards departments that have a philosophy statement often report that they don't know where it is, or whether it is up to date. However, we seem to undervalue stating our compensation philosophy in the rush to get work done.

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Bonuses and Incentives HR Planning Compensation eBook 52

Achievers

OCTOBER 24, 2017

In a recent study conducted by Snagajob , nearly 36% of hourly workers reported that work flexibility was the most important perk but only approximately 50% of employers planned on offering job flexibility. Although this seems like the same thing as paying more per hour, which most hiring managers can’t do, bonuses are different.

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Bonuses and Incentives Hiring Software Employee Recognition HR Planning 145

Compensation Cafe

APRIL 28, 2020

Hungry for up-to-date data on how your competitors are handling the Human Resource components of the Covid-19 pandemic? To whet your appetite, here are some of the key findings: 22% of participating North American companies are cancelling salary increases and 17% are deferring or postponing increases.

AON 69

AON eBook Compensation Retirement 69

Compensation Cafe

SEPTEMBER 10, 2020

An interesting finding: HR professionals tend to confuse "pay transparency" and "pay equity." The outcome of a pay equity study is an analysis of what causes pay inequities and plans for fixing those identified. Pay equity is studied through metrics that illuminate your practices. Ready to get started on communications?

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Compensation eBook Study Career Development 85

Compensation Cafe

JUNE 25, 2019

Nonetheless, I'm intrigued that the Society for Human Resource Management (SHRM) recently announced that they are supporting a proposed update to the Fair Labor Standards Act's (FLSA's) definition of "regular rate" of pay. As we all know, the FLSA specifies that nonexempt employees must be paid at least 1.5 Discounts on gift cards.

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Bonuses and Incentives eBook Compensation Career Development 59

Compensation Cafe

APRIL 16, 2020

Odds are there are going to be a range of tough, candid compensation communications in the coming months. Compensation has often taken this "shelter in place" approach to employee communications. After all, Human Resources is having shortages of our own. Annual planning. Incentives. Giving feedback.

Planning Tools 52

Planning Tools Compensation eBook Career Development 52

Compensation Cafe

APRIL 19, 2017

Updating compensation practices or redesigning a plan? Like any other Human Resource effort, there are good, better and best options about the way you go about it. Lots of planning, ingredients and technique. Again, clear predictors of what will keep happening unless you plan to do something about it.

Compensation 40

Compensation Comparison eBook Performance Management 40

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.).

Compensation 40

Compensation Wellness ATS eBook 40

Compensation Cafe

JUNE 6, 2019

Today's article is the second in a series on the Virtual Reality (VR) of compensation plan design. Last time , we visited some best practices for preparing to start a plan design project. Just ask the Compensation Cafe staff!). Remember, plan design is about getting people to do new things.

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Planning Tools Meeting Compensation eBook 40

Compensation Cafe

NOVEMBER 24, 2020

71% of us in HR report that 2020 is the most stressful year of our career, so I know I'm asking a lot. But years like 2020 are also the ones that show how effective HR is at strategy. HR and management are beside themselves because the employees seem intractable in their anger and frustration. 2020 has just been too much.

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Bonuses and Incentives Compensation eBook Career Development 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? So are we just going to let compensation communications be left in the dust? What if you could innovate without changing your budget?

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Bonuses and Incentives Planning Tools Compensation eBook 45

Compensation Cafe

NOVEMBER 28, 2018

It's like spreading peanut butter evenly, a favorite simile in the compensation industry. HR review -- HR review and sign off of proposed merit increases (before they are communicated to employees) is one way of working with managers. Incentive decisions can also be peanut buttered, as I'm sure you've noticed.

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Compensation Planning Tools Interview Software eBook 80

Compensation Cafe

JULY 19, 2019

Before I share the three factors that stand out as affecting employee perception of procedural fairness, I want to point out that global executives provided this data to McKinsey & Company -- a company that is not typically tied to Human Resource consulting. Why is the company interested now? But is there a bottom line?

Performance Management 45

Performance Management Bonuses and Incentives Compensation eBook 45

Primalogik

MARCH 2, 2023

Performance management tools have become essential to HR operations. These solutions belong in every HR toolkit. Not only do they assist the HR department; they also help managers throughout the organization to guide their teams to success. First, it keeps employees dialed into the key objectives they need to achieve.

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HR Software Assessment Software Onboarding Software Planning Tools 52

Compensation Cafe

MARCH 5, 2019

Market tested your incentive rates? There are two, or if you're lucky three, people in Human Resources, but there could be only one. Before you introduce the new, industry-standard compensation plan, how does compensation work in the company NOW? Have you just invented your company's first salary structure?

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Compensation eBook Career Development Data 49

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. Measuring program results is your annual (or more frequent) responsibility. Quit giving ourselves permission to guess.

Compensation 40

Compensation eBook Guidelines Course 40

Compensation Cafe

MARCH 13, 2020

Falling back on HR and Comp buzzwords while failing to provide the detail and clarity that make the information meaningful to employees? How do you talk about compensation within Total Rewards? What did that have to do with compensation? Just don't think you can create them behind closed doors in HR.

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Bonuses and Incentives Compensation Career Development eBook 52

Compensation Cafe

JUNE 30, 2021

The outcomes of the design process can make compensation administration, career development and workforce planning so much more effective. Traditional examples of job families are Finance, Legal, and Human Resources. Job architecture is a hot topic right now, and I have to admit that I am pleased. Job functions.

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Compensation Workforce Planning Career Development eBook 52

Compensation Cafe

JUNE 26, 2017

I have no doubt that EBITDA is the right target measure for most companies to hang all or part of incentive plan funding on. Will it cause the manager in shipping to make an effort to improve delivery times so this year's incentive plan is funded? Margaret is a Board member of the Bay Area Compensation Association (BACA).

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Compensation eBook Career Development Performance Management 40

Compensation Cafe

MAY 3, 2019

Editor's Note: We in HR and compensation are as susceptible to fads as our counterparts in other disciplines. That's the term that gets drop kicked when leadership is casting aspersions on HR. That's the term that gets drop kicked when leadership is casting aspersions on HR. Flavor of the month.

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Video Recruiting Compensation eBook Career Development 40

Compensation Cafe

MARCH 28, 2017

Put a group of Human Resource professionals together to talk about pay and we act like everyone else. Don't forget to add lower bonuses, equity awards, retirement contributions and so on. The concept is important to our compensation work because human beings use ". Are you planning on having a family?

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Bonuses and Incentives Compensation eBook Retirement 40

Compensation Cafe

JANUARY 8, 2021

Editor's Note: In the early years of your Compensation career? Whether they need help in Compensation work or just in general, they will appreciate your interest. You'll notice that most Compensation practitioners who are working for the big firms do not have certifications. Don't limit the discussion to their compensation.

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Compensation Compliance Training Certification eBook 52

Compensation Cafe

DECEMBER 18, 2018

The online Business Dictionary defines business strategy as: -A method or plan chosen to bring about a desired future, such as achievement of a goal or solution to a problem. The art and science of planning and marshaling resources for their most efficient and effective use. So, where's the disconnect?

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Strategy HR Planning Planning Tools Interview Software 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. . Let’s say, a year when there will be layoffs and no bonuses. Her firm, re:Think Consulting, provides market pay information and designs base salary structures, incentive plans, career paths and their implementation plans.

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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. In many organizations, the HR business partners can give you this orientation.

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Compensation ATS eBook Career Development 40

Compensation Cafe

APRIL 8, 2015

. Everyone together, let''s sing the compensation communications theme song. We designed the plan to attract and retain employees, With our new way of paying, we''ll attract and retain the best, Attraction and retention is the heart of our Total Rewards, Guess that''s why we keep repeating. (One more time, with gusto).

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HR Planning Bonuses and Incentives Gusto Compensation 40

Compensation Cafe

JANUARY 18, 2018

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. If so, it would be a valuable discussion point (and possibly a new strategic organizing position) before you complete your planning for next year. Wonder why HR emails don't get read?

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Hiring Software Planning Tools Compliance Training Bonuses and Incentives 40

Compensation Cafe

JANUARY 5, 2017

They may or may not lead to a revolution in compensation philosophy, but they do call for a very different set of priorities and measures in the pay-for-performance world. Hearing issues that HR has wrangled with for years being discussed by a different profession, light bulbs went off in my head.

HR Planning 40

HR Planning Performance Management HR Software Planning Tools 40

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.

Planning Tools 40

Planning Tools HR Software Software Compliance Training 40

Compensation Cafe

MARCH 30, 2016

That's the theme of most HR conversations about compensation communications. Maybe because it's a popular practice to share the war stories behind closed doors, passing the squirms down to new HR staff. Think our compensation communication urban legends get in the way? It's too bad, really. Ok, I can hear it now.

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Compensation Hiring Software HR Software Compliance Training 40

Compensation Cafe

MARCH 23, 2015

I''ve written a lot about implementation on Compensation Cafe, including a series that starts with this article. We in Human Resources are responsible for the implementation of pay programs, but we don''t often act like we understand how to do it effectively. Why keep harping on it? Why bring this up again?

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Bonuses and Incentives Compensation eBook Handbook 40