Workstride

OCTOBER 31, 2019

If you’re reading this post, it’s likely you’re running incentives to partners and using some sort of system to manage it all. Partner incentives, like any system, involves a set of structured rules, requirements, and budgets in order to ensure operational and cost control. As they say, wealth is all relative. For example: .

Bonuses and Incentives 45

Bonuses and Incentives Compensation eBook Compliance Training 45

Compensation Cafe

OCTOBER 24, 2019

Here are three tips you can use any time during the year, but most of all during merit increase and incentive award periods. The compensation communication cycle takes many weeks -- too long to be disconnected from your audiences. Treat compensation as part of the business cycle. Get yourself a champion (or champions).

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Compensation Planning Tools eBook HR Software 58

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.

HR Planning 105

HR Planning Compensation eBook Planning Tools 105

Compensation Cafe

DECEMBER 5, 2019

What I'm talking about is giving employees enough information to understand how compensation decisions are made in your culture. It's time to accept that your job has changed from gatekeeper (limiting access to pay knowledge until employees are "ready") to educator (describing the nuts and bolts of salaries and incentives).

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Payscale Compensation eBook How To 78

Compensation Cafe

SEPTEMBER 10, 2020

Instead get yourself started by recognizing that a program refresh will be stage 1 of your pay transparency project, followed by the communication strategy. Check out this series on Compensation Cafe: What pay transparency means , where to start, how to talk it over with executives , and deciding how far to go.

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Compensation eBook Study Career Development 85

Compensation Cafe

MAY 28, 2019

Most compensation practitioners can tick off the obvious ones on their fingers. Connecting business strategy with an employee's work, so the reasons for their rewards are plain as day. 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

APRIL 28, 2020

This "point in time" report is called "Adjusting Total Rewards Programs, Workforce Strategies and Sales Force Effectiveness Practices in Response to COVID-19" and it has some valuable insights into how companies are (or are not) adjusting their people strategies to the current environment.

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AON eBook Compensation Retirement 69

Compensation Cafe

NOVEMBER 28, 2018

It's like spreading peanut butter evenly, a favorite simile in the compensation industry. One approach is to take into account whether the job is critical to the bottom line, to ongoing innovation or to strategy upgrades. 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

NOVEMBER 24, 2020

But years like 2020 are also the ones that show how effective HR is at strategy. And usually the specific issue is merit increases and/or bonuses. As we say at Compensation Cafe, everything you do in compensation is communication. 2020 has just been too much. It's really hard to sort out who gets what, I know.

Bonuses and Incentives 52

Bonuses and Incentives Compensation eBook Career Development 52

Compensation Cafe

DECEMBER 17, 2019

For example, it will just frustrate employees if you include the question, "I am well informed as to how my job fits into our company's business strategy" with no plans of improving that dimension of communication. Here are a couple of examples: My manager has explained how the compensation program works. Don't overdo it though.

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Compensation eBook Comparison Survey 52

Compensation Cafe

JULY 19, 2019

A clear line of sight is both a business strategy and a people strategy that gives employees a sense of meaning and purpose. ). Her firm, re:Think Consulting, provides market pay information and designs base salary structures, incentive plans, career paths and their implementation plans. But is there a bottom line?

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Performance Management Bonuses and Incentives Compensation eBook 45

Compensation Cafe

MARCH 13, 2020

How do you talk about compensation within Total Rewards? There are opportunities to move up in almost every setting, whether or not the company has a formal career development strategy. What did that have to do with compensation? That why it's called a Total Rewards strategy. What are the magic words?

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Bonuses and Incentives Compensation Career Development 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. When it came time to develop a strategy for the function, her first step was to send an Associate level staff member to talk with employees.

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Strategy HR Planning Planning Tools Interview Software 40

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

MARCH 5, 2019

Market tested your incentive rates? Before you introduce the new, industry-standard compensation plan, how does compensation work in the company NOW? What have you been saying to employees about their compensation in the meantime? Have you just invented your company's first salary structure? Why am I bringing this up?

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Compensation eBook Career Development Data 49

Compensation Cafe

JULY 22, 2019

Perhaps that's why, in my experience, both start-ups and non-profits are the organizations that most often report that they have neither salary structures nor systematic compensation practices. But when it comes to employee compensation, time is not on their side. Innovation is the very reason they exist.

Compensation 40

Compensation eBook Planning Tools Recruiting Software 40

Primalogik

MARCH 2, 2023

Another may realize that its incentive program isn’t having the desired impact, leading it to a more effective solution. They understood the process needed to happen differently in today’s business climate, with tighter feedback loops … and with goal systems that can change easily as strategies or team objectives change.”

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HR Software Assessment Software Onboarding Software Planning Tools 52

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? Why not apply the microtargeting approach to compensation communications, especially with managers? You can picture the conversations, because we've all been in them.

Compensation 40

Compensation Hiring Software HR Software Compliance Training 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. Show that you have heard the individual executive suggestions.

Compensation 40

Compensation ATS eBook Career Development 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. Would they face up to the consequences if the communication strategy didn't meet its goals? Margaret is a Board member of the Bay Area Compensation Association (BACA).

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Meeting Bonuses and Incentives Compensation 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. When your company''s strategy shifts each year, employees'' objectives and decision-making should shift, too, as well as what it takes to earn rewards. Why keep harping on it? Why bring this up again?

Bonuses and Incentives 40

Bonuses and Incentives Compensation eBook Handbook 40

Compensation Cafe

JUNE 14, 2017

During the Recession, we were just hanging on for our lives, so overall strategy couldn't be a priority. 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. Think back.

Compensation 40

Compensation Planning Tools eBook Case Study 40

Compensation Cafe

JANUARY 18, 2018

They come from successful problem-solving strategies in many, many companies. Odds are you're spending more on hiring bonuses (because you're not sure about your salaries) than you would spend on compensation surveys. Margaret is a Board member of the Bay Area Compensation Association (BACA).

Hiring Software 40

Hiring Software Planning Tools Compliance Training Bonuses and Incentives 40

Compensation Cafe

FEBRUARY 14, 2017

Every year Compensation Cafe gets an impressively spiked peak in readership for Becky Regan's 2010 Valentine's Day post, "5 Simple, Inexpensive Ways to Celebrate Valentine's Day at Work." Compensation professionals have a habit of huddling up with EXCEL for days at a time. Now it's time to have your own fun.

Bonuses and Incentives 40

Bonuses and Incentives Compensation eBook Performance Management 40

Compensation Cafe

SEPTEMBER 28, 2017

I'm here to suggest that, if you are wise, you are planning to treat 2017 merit pay communications as a step in your Pay Ratio communications -- perhaps the first step in a lengthy strategy. Every company's communication strategy about the Pay Ratio should be carefully customized to your culture, but there is one thing that will be common.

Bonuses and Incentives 40

Bonuses and Incentives Compensation Performance Management eBook 40

Compensation Cafe

MAY 17, 2016

As the SHRM article reminds us, you may currently offer salaried employees incentives, more time off or levels of benefits not available to your non-exempt employees. I'm not sure the SHRM article will help you get started on a strong communication strategy, though, so let me give you my best advice. OK, now what?

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Compensation Policies eBook Payroll 61

Compensation Cafe

AUGUST 31, 2017

And Finance may want to have a bit more input into HR strategies than we currently want them to have. Her firm, re:Think Consulting, provides market pay information and designs base salary structures, incentive plans, career paths and their implementation plans. We also seem to prioritize metrics in a similar way.

eBook 40

eBook Compensation Career Development Metrics 40

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.

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Compliance Training Bonuses and Incentives eBook Video Recruiting 71

Compensation Cafe

MARCH 15, 2017

My goal was to provide some insight into the variations, complexity, power and hurdles that come along with equity compensation focused specifically on startups and other private companies. I am going to follow through on the suggestions from readers and colleagues that I turn the series into an ebook. Knowing when and how is the key.

Compensation 40

Compensation eBook Comparison Planning Tools 40

Compensation Cafe

NOVEMBER 16, 2015

Most of us work in companies where strategy is discussed by the CEO in January, perhaps revisited in March or June. Download yourself a copy of the popular ebook, Everything You Do (in Compensation) Is Communication @ www.everythingiscommunication.com, and feel the affirmations start to flow! Who wouldn't be a fan of this CEO?

Compensation 40

Compensation eBook Benchmarking Data 40

Compensation Cafe

NOVEMBER 30, 2017

The Bay Area Compensation Association ( BACA ) is celebrating the holidays with a keynote speech previewing the 2018 economy. Taking a look around, many other compensation groups offer similar presentations on the economy during the year. jobs if we have to adjust to new production strategies.

Compensation 40

Compensation Bonuses and Incentives Staffing Talent Acquisition 40

Compensation Cafe

FEBRUARY 17, 2016

There's a lot to talk about just these two items -- let alone the survey's other telling findings -- but I thought I'd focus on an area where improvement is clearly possible, as I mentioned in my most recent Compensation Cafe article, "Strategic Job Descriptions Anyone?". Ask around! Margaret is founder and Principal of re:Think Consulting.

Compensation 40

Compensation Survey eBook Performance Management 40

Compensation Cafe

DECEMBER 17, 2015

If you missed it, or are planning to wait to 2017 to get going, check out the case I made in my last Compensation Cafe article. (No If not, get yourself one (and be sure you check to see if s/he understands compensation). Or do you have a group of employees who don't really understand how compensation works? How can you give it?

Compensation 40

Compensation eBook Groups Career Development 40

Visier

APRIL 15, 2021

Dave Wallis , Director of Analytics and Information Strategy at Insperity , is a long-time data management and BI professional, who’s currently focused on developing Insperity’s people analytics offering (in partnership with Visier). Dave Wallis, Director of Analytics and Information Strategy at Insperity.

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Payroll Analytics Data Visier 195

Compensation Cafe

FEBRUARY 25, 2020

Today, we feature a Classic truth from Margaret O'Hanlon about what ultimately enables your compensation plans to achieve greatness. Instead of bemoaning the state of things, though, I want to point out aspects of their research that will help our compensation design. Editor's Note: The truth hurts. and it can set you free!

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Compensation eBook HR Function Performance Management 69

Compensation Cafe

JUNE 17, 2015

The essence of strategy is in the activities -- choosing to perform activities differently or to perform different activities than rivals. Otherwise, a strategy is nothing more than a marketing slogan." One of those activities is compensation, another is communication. Change your mind about what?

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Compensation eBook Competencies Career Development 40