CCI Consulting

MARCH 11, 2021

It’s probably no surprise that the social and economic impacts of COVID-19 have forced a significant number of organizations to reevaluate their approach to compensation this year. This is especially apparent when it comes to employee compensation. Prior to the pandemic, the environment looked strong.

Compensation 105

Compensation Bonuses and Incentives Planning Tools HR Software 105

HRExecutive

FEBRUARY 15, 2024

As both organizations and prospective employees increasingly evaluate dynamics around compensation , improving pay equity is becoming a key focal point in the ever-critical hiring process.  Quite often, these longer-tenured, higher-performing employees become the outliers to be remediated in pay equity management.

Hiring 118

Hiring Bonuses and Incentives Compensation Groups 118

Primalogik

MARCH 2, 2023

Performance management tools have become essential to HR operations. Not only do they assist the HR department; they also help managers throughout the organization to guide their teams to success. Consider that only 2% of companies feel they have a great approach to performance management. Table of Contents 1.

HR Software 52

HR Software Assessment Software Onboarding Software Planning Tools 52

Decusoft

AUGUST 16, 2021

Today, several factors affect enterprise compensation plans. The alignment of pay and performance should be your first focus as an enterprise compensation manager. In enterprise compensation, the incentives for actual performance and outcomes are strongly weighted. . Enterprise Compensation Benefits.

Compensation 52

Compensation Bonuses and Incentives Planning Tools Metrics 52

Compensation Cafe

SEPTEMBER 6, 2016

The way things change over time affects almost every compensation situation. She has already surpassed the quota demanded last year.” Performance output objectives valid in prior periods are irrelevant going forward. “Why James (Jim) Brennan is an independent compensation advisor with extensive total rewards experience.

HR Planning 40

HR Planning Hiring Software Compensation Staffing Software 40

Semos Cloud

MARCH 15, 2022

Total Rewards is a compensation strategy for employees of a business or an enterprise. It’s worth mentioning that successful enterprises also have Total Rewards departments to ensure that compensation policies are well-thought and meet employee needs. An excellent total rewards strategy will include these 6 key rewards: Compensation.

Bonuses and Incentives 97

Bonuses and Incentives Strategy Assessment Software HR Software 97

Analytics in HR

MARCH 31, 2023

Companies that create a great employee experience throughout recruitment, new employee onboarding , career path development , and performance management are able to reduce complexity and stimulate collaboration. However, a survey revealed that they sought more consistent recognition. Employees took to it quickly.

HR Software 99

HR Software Hiring Software Onboarding Software Staffing Software 99

Compensation Cafe

JANUARY 26, 2021

Not a great foundation for a compensation practice! salary increases and bonuses with flimsy links to everyday work, it's hard to engage people beyond job security unless you have career development alternatives to offer. Some of the findings verify long held beliefs but many more are counterintuitive. In a time of 2.5%

Compensation 52

Compensation Background screening Strategy Bonuses and Incentives 52

Astron Solutions

DECEMBER 7, 2021

.” They’re talking about your organization’s CEO, and you can see that there’s some clear dissatisfaction among the employees at your organization when it comes to how they’re compensated versus how much your executives get paid. Specifically, we’ll cover the following: What is Executive Compensation?

Compensation 52

Compensation Bonuses and Incentives Employer Branding Hiring Software 52

Business Management Daily

JUNE 6, 2022

As in-house opinions regarding employee compensation practices vary, smart businesses spend time developing a compensation strategy as a vital component of their overall business strategy. This formal, strategic blueprint spells out the company’s compensation programs. Considerations when composing your compensation strategy.

Compensation 52

Compensation Strategy Bonuses and Incentives Retention and Turnover 52

Compensation Cafe

MAY 9, 2016

Here are a few tips from organizations that have learned about the ugly combo of panic and compensation. We need those five [select an option: Engineers, client managers, project managers, shift supervisors] or we'll go under. But we don't have any money for surveys. It could be as simple as a call from the CEO.

Hiring Software 40

Hiring Software Staffing Software Bonuses and Incentives Compensation 40

Compensation Cafe

APRIL 27, 2022

Editor's Note: We all have our "best way to fix a compensation problem" biases. Let's start with the more general bias, that compensation is the fix for every organizational challenge. Employees not meeting performance standards? Put in an incentive plan (a.k.a. It's called the law of the instrument. Turnover an issue?

Compensation 52

Compensation Planning Tools HR Software Metrics 52

Astron Solutions

OCTOBER 1, 2020

As an HR leader for your organization, you know that employee compensation is not just something you determine when you hire a new team member and then forget about. In fact, how you compensate a team member should reflect their performance and will often change throughout their journey with your organization.

COMPAS 59

COMPAS Compensation Hiring Software Planning Tools 59

Compensation Cafe

MAY 21, 2020

For at least a few decades, this has been the way of things in the world of compensation. Now is just such a time for compensation professionals. The current crisis has exposed the dusty corners of compensation practices. Do your incentive plans promote the decisions, behaviors, and actions that truly define your success?

Compensation 64

Compensation Planning Tools Conference Data 64

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. Here are some of the compensation decisions typically made in a turbo-charged, highly fragmented setting like Healthy Gadgets'.

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'll do a better job, and get better scores on the annual engagement survey. Think back to the earlier example. Here are a few illustrations.

Compensation 52

Compensation Analytics eBook Comparison 52

Astron Solutions

MARCH 11, 2019

Strategic employee compensation is an essential ingredient of success for any organization. Both how we compensate staff members for their hard work and express gratitude for that hard work are crucially important for two core reasons: Compensation strategies set the tone for employee/employer relationships.

Compensation 64

Compensation Retention and Turnover Hiring Software Bonuses and Incentives 64

Compensation Cafe

DECEMBER 31, 2021

I think it could raise some interesting questions about how compensation jobs and functions are defined and organized. . How quickly could you (compensation professional) get your head around the differences in skills, practices and behaviors needed? How is the compensation function in your organization structured?

Compensation 52

Compensation HR Software Analytics Planning Tools 52

Compensation Cafe

JUNE 16, 2020

What happens when you disappear raises, slim down bonuses, freeze salaries and/or jack up benefit costs? Most employee surveys have reported this yearning for years. Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

Career Development 85

Career Development Bonuses and Incentives Compensation Employee Recognition 85

Compensation Cafe

NOVEMBER 15, 2016

I often talk about employee communications at Compensation Cafe. Following are their insights into implementing incentive pay and sales compensation, with additional information on how to accomplish their recommendations. Culture and Communication Are Critical Factors for Sales Compensation Policies.

Compensation 40

Compensation ADP Bonuses and Incentives ATS 40

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

Analytics in HR

JULY 12, 2023

Start with a survey To effectively implement any initiative, assessing the current state of employee engagement within your organization is crucial. Alternatively, you can develop a simple survey on your own. Once you have the results from the employee engagement survey, you can identify your priorities.

Employee Engagement 83

Employee Engagement Strategy Hiring Software Onboarding Software 83

Compensation Cafe

AUGUST 9, 2019

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? Spend the money for a good salary survey. (Or, Or, and maybe less costly, engage a compensation consultant who has good surveys.)

Bonuses and Incentives 49

Bonuses and Incentives Company Compensation eBook 49

Compensation Cafe

JULY 19, 2018

The Third Immutable Law of Compensation: Compensation is always done for, and by, people. Second Corollary: Compensation strategies, decisions, and execution will always contain errors or assumptions that cause them to go awry. (See See Dan’s Third Law of Compensation Motion.).

Compensation 45

Compensation Hiring Software Recruiting Software Planning Tools 45

WorkHuman

DECEMBER 8, 2016

‘Tis the season for holiday parties, gift swaps, and … budgets, if you’re in compensation and total rewards. A survey from Willis Towers Watson shows that pay raises for employees are expected to remain at 3% in 2017 – the same increase for the past three years. Ways to improve performance management, retention, and employer brand.

Bonuses and Incentives 70

Bonuses and Incentives Strategy eBook Retention and Turnover 70

Astron Solutions

APRIL 20, 2021

From the factors that contribute to how you’ll compensate individuals , to the growth opportunities your company offers, your job description should tell it all. It’s only a couple of sentences, doesn’t list what the role entails, and is vague about the compensation. Lay the foundation to facilitate ongoing performance management.

Hiring Software 95

Hiring Software HR Software Recruiting Software Interview Software 95

WorkHuman

SEPTEMBER 26, 2017

The forms are also a joke, rating people on such ambiguous things as “excellent performance,” “exhibits enthusiasm,” and “takes initiative.”. It makes no sense that a person’s compensation and future in a company can be tied so directly to an activity nobody wants to do. Peers Get It Right More Often Than Managers. My peers.

Bonuses and Incentives 160

Bonuses and Incentives Retention and Turnover Survey Performance Management 160

Compensation Cafe

DECEMBER 17, 2019

Planning an Employee Engagement Survey for the next Fiscal Year? Right now most employee surveys address the basics: Overall satisfaction: "I am paid fairly for the work I do.". Pay-for-performance: "I am satisfied with how pay raises are determined.". My manager is the best source for answers to compensation questions.

Compensation 52

Compensation eBook Comparison Survey 52

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. Salary surveys -- When's the last time you updated your sources?

Compensation 52

Compensation eBook Compliance Training Career Development 52

Compensation Cafe

APRIL 28, 2020

18% of survey participants offer special pay programs, typically in the form of flat amounts, for those in high-risk roles. This is a well conducted survey covering a point in time that can be confusing and sometimes even disturbing. 93% of these participants are essential businesses.

AON 69

AON eBook Compensation Retirement 69

Analytics in HR

FEBRUARY 1, 2024

Is your compensation management approach helping or hurting your organization in the talent war? In a recent LinkedIn Talent Solutions report , compensation was ranked as the #1 top priority for candidates worldwide. In this article, we’ll explore the ins and outs of compensation management and why it matters.

Planning Tools 96

Planning Tools HR Software Hiring Software Compensation 96

Compensation Cafe

MAY 25, 2018

In today's Classic, Margaret O'Hanlon digs into our beliefs about what we can and cannot trust our managers to handle on their own, using the example of a particular company that does things differently. Salary ranges are built by compensation specialists. Managers are, frankly, too self serving to be trusted.

Survey 40

Survey Compensation eBook Career Development 40

Compensation Cafe

AUGUST 14, 2020

If you want to spend additional money on employee compensation without generating any impact on outcomes or behaviors, then give employees a bonus based completely on your discretion and tell them only that it is based on your judgment about what they deserve. Works like a charm! I'm sure the Department of Labor will be very empathetic.

Bonuses and Incentives 64

Bonuses and Incentives Compensation Policies Survey 64

Compensation Cafe

MARCH 4, 2022

What did your survey data look like three years ago? We make hundreds of small decisions like this every time we benchmark compensation, determine incentive pay levels, set goals, and decide on merit increase minutiae. He works as Managing Consultant for FutureSense. How did pay for each position align to it?

Planning Tools 52

Planning Tools Compensation Benchmarking Data 52

Compensation Cafe

APRIL 26, 2019

Editor's Note: More than a few of us number nerds populating the field of compensation have a Classic deficit in the soft skills required to constructively explore and understand the territory and circumstances surrounding employee and organizational performance. . Here's where a shift in mindset and approach may help us.

Compensation 76

Compensation Background screening Groups Survey 76

Compensation Cafe

NOVEMBER 24, 2020

And usually the specific issue is merit increases and/or bonuses. According to Willis Towers Watson , only 35% of those companies participating in a recent survey have had to trim their merit budget. As we say at Compensation Cafe, everything you do in compensation is communication. So where do you start?

Bonuses and Incentives 52

Bonuses and Incentives Compensation eBook Career Development 52

Compensation Force

FEBRUARY 6, 2019

I agree with the direction of this thinking, that moving compensation (and all HR) programs and practices forward, at the ground level where most of us live and work, will happen through evidence-based learning and innovation, through tinkering and tailoring , and through raising the bar on our understanding of fundamental data analysis.

Compensation 51

Compensation Metrics Groups Data 51