SHRM 2017: Mykkah Herner and Pay Incentives

HR Daily Advisor

This week, the HR Daily Advisor ’s editorial staff is attending SHRM’s 2017 Annual Conference & Exposition at the Earnest N. Today I attended a session by Mykkah Herner, the Compensation Evangelist at Payscale, entitled Effective Incentive Plan Design.

An Unpopular Sales Incentive Plan Design Fiasco

Compensation Cafe

The new sales incentive plan was not well received. All the worldwide regional managers in the audience spoke up in loud protest when it was announced at the global sales conference. The vehement rejection of the new sales incentive program stunned all the officers on the dais.

Cafe Classic: Can Incentives Rise Above the Bad Rap?

Compensation Cafe

Editor's Note: I notice that people tend to gather at the two extremes of thought regarding financial incentives. Group 1 regards incentive compensation as the antidote to all ills, the solution to every problem that exists in human motivation and performance.

8 Ways the Minneapolis Skyway is Like Incentive Compensation

Compensation Cafe

Each year they put on an excellent conference and this year was no exception. The conference had tons of great sessions and speakers, but the most important lesson I learned was from Minneapolis’ famous Skyway. Often conditions are great and no incentives are needed.

Why Rewards & Incentives Do Make People Work Harder

EmployeeConnect

It’s also a chance to offer the right rewards and incentives in exchange for productivity and performance. Understanding how providing the right rewards and incentives at your workplace will help your employees visualise success in the long term. Why should we provide rewards and incentives? The push to finish work is exhausting and the thing that can motivate you to push through is an incentive. Types of rewards and incentives.

Conference Inspiration Sources – Many and Varied for 2018

Compensation Cafe

Editor's Note: Today's post comes to us courtesy of guest contributor Chris Dobyns, who has generously agreed to serve as "roving reporter" for Cafe readers and share his impressions and takeaways from the WorldatWork 2018 Total Rewards Conference and Exhibition, held recently in Grapevine, Texas.

59 Awesome Employee Engagement Ideas & Activities for 2018 (Plus 10 New Bonus Ideas)

SnackNation

59 Awesome Employee Engagement Ideas & Activities for 2018 (Plus 10 New Bonus Ideas). Free bonus: Download this entire list as a PDF. Includes 5 bonus ideas not found in this post. Maybe they get bonus points if they give a presentation on what they learned.

How Employee Incentive Programs Can Benefit from Behavioral Economics

HR Daily Advisor

He was tasked with coming up with a new incentive plan for employees—particularly its sales reps—that aligned with the company’s new corporate strategy, Brewer explained to an audience at WorldatWork’s Total Rewards 2017 conference in Washington D.C.

How incentive travel program can boost your employee’s productivity: A guest post

OmegaHR Solutions

Namely, incentive travel programs have shown to be a great way to get the most out of each employee and achieve a significant productivity boost in the process. But how exactly can an incentive travel program help to achieve that? Well, here are five ways that incentive travel can directly contribute to an increase in your company’s productivity, and in turn, the bottom line as well. Give a Personal Incentive to Give their Full Effort.

You ARE Being Replaced by AI

Compensation Cafe

She sits huddled with her former colleagues at the location of the final WorldatWork conference at a Gaylord Hotel in one of those big conference cities that no one actually got a chance to see during prior events. September 5, 2028. The day has finally arrived.

Avoid the “Incentive Inflation” trap in your surveys

Data Solutions International

Spending money on incentives is not one of them. In fact, many learning organizations spend more money on ineffective financial incentives than on the actual creation, delivery, analysis and reporting of the survey itself! One explanation for this is “incentive inflation”.

Your Employee Referral Program Guide: The Benefits, How-tos, Incentives & Tools

SnackNation

Your Employee Referral Program Guide: The Benefits, How-tos, Incentives & Tools. Here’s everything you need to know about employee referral programs, including benefits, how-tos, incentives, and tools. Establish an incentive structure for inspiring employee referrals.

Compensation Cafe: Keeping Investments in People Top of Mind

RecognizeThis!

In today’s post on Compensation Cafe , I discuss what these trends mean for the full range of investments that companies make in their people- spanning salary, incentives, and benefits- and how difficult it can be to keep those things top of mind. By Derek Irvine. Recognize This! –

Balancing Job Aspirations with Pay Increases

Compensation Cafe

I recently attended a compensation conference and there was a great speaker, Elizabeth Borges of Github, who covered the topic of pay disparity from new angles.

The End of Compensation, Rewards, and Human Resource Management

Compensation Cafe

We parade ARMS on stage in many professional conferences, workshops, and forums. Base Salaries Benefits & Perquisites Compensation Philosophy Incentives/Bonuses Pay for Performance Performance Management Total Rewards compensation E.

Cafe Classic: What Do CEOs Really Want from Compensation Professionals?

Compensation Cafe

Listen in on investor conference calls and read any memo you can get your hands on. Base Salaries Compensation Communication Executive Compensation Incentives/Bonuses Pay for Performance Stock/Equity Compensation Total RewardsEditor's Note: What does the CEO want from you?

Startup Equity: No. They Don't Get It. (Part 8 of an n part series)

Compensation Cafe

Check out a site like Quora , or attend a Technology or Human Resources conference. Compensation Communication Executive Compensation Incentives/Bonuses Stock/Equity Compensation dan walter equity performensation RSU startup stock options

Startup Equity: But Can’t I Pay Less Cash? (Part 12 in an n part series)

Compensation Cafe

First, you need to budget the essentially the same base pay, and perhaps cash short-term incentives regardless of whether you have just finished your B-Round or your IPO. Dan will be presenting at the NCEO “ Staying Private ” conference 3/7/17 in Santa Clara, CA.

Moving In Reverse Towards the Future

Compensation Cafe

No bonuses, either! Studies and conference workshop presentations routinely reveal that the sunshine of exposure kills the toxic germs of skepticism and suspicion. There are disturbing signs that the Human Resource community is losing more of what little relevance it holds today.

Startup Equity: Staying Private in a Public World (Part 11 in an n part series)

Compensation Cafe

Dan will be presenting at the NCEO “ Staying Private ” conference 3/7/17 in Santa Clara, CA. Compensation Philosophy Executive Compensation Incentives/Bonuses Stock/Equity Compensation Total Rewards dan walter equity compensation pay performensation startup

The Next Big Idea Begins Here

Compensation Cafe

Editor's Note: Did you make it to the big show, the 2017 WorldatWork Total Rewards Conference in Washington D.C. And he has taken the time to provide us with his take on the conference and it's theme of Big Ideas.

In the Beginning.

Compensation Cafe

In the beginning was the incentive plan. And the incentive plan was without meaningful substance. And the president looked upon the incentive plan and saw that it was good. She speaks at conferences in the U.S. Compensation Communication Incentives/Bonuses

Is Team Chemistry the Next Big Thing in Performance and Rewards?

Compensation Force

Fresh from the annual MIT Sloan Sports Analytics Conference , HBR blogger and MIT Research Fellow Michael Schrage notes that one of the top themes of the event was how to move beyond the Moneyball -like era of predicting and assessing individual performance and focusing on teamness.

Startup Equity: You’re Coming With Me, or maybe NOT (Part 13 in an n part series)

Compensation Cafe

Dan will be presenting at the NCEO “ Staying Private ” conference 3/7/17 in Santa Clara, CA. Executive Compensation Incentives/Bonuses Pay for Performance Stock/Equity Compensation Total Rewards compensation dan walter drag along equity first refusal performensation startup tag along

Compensation Practitioners Should Be Skeptical of Economic Forecasts

Compensation Cafe

Where to learn more: Consumer Confidence Index , The Conference Board. Base Salaries Incentives/Bonuses Total Rewards CCI compensation consumer confidence CPI economic activity economic forecasts employment lagging indicators leading indicators PPI prices

Ready for the Uber-ification of Work, Performance and Pay?

Compensation Cafe

Workers who take accountability for their own performance results, accept placing more of their compensation at risk via incentive pay and maintain their bearings and contributions in the face of constant change and shifting priorities. . We want it both ways as employers.

Time for Another Look at Wellness Programs

Compensation Cafe

Trade publications, conference presentations and vendor studies are full of case studies claiming impressive savings. Companies have used the “carrot” giving employees financial incentives to participate, such as discounts on health insurance.

Compensation’s Role In Acquisitions

Compensation Cafe

She has been a speaker at conferences in the U.S., Base Salaries Benefits & Perquisites Compensation Philosophy Incentives/Bonuses Sales Compensation Stock/Equity Compensation Total RewardsMuch has been written about acquisitions and Compensation’s involvement in them.

A Small Problem for Compensation Professionals

Compensation Cafe

I am sitting in my hotel room in San Diego, California getting ready to head over for the second day of the annual WorldatWork Total Rewards Conference. This is not the article I intended to post today. I had something else ready to go, but realized this was more important.

Two Types of Compensation People

Compensation Cafe

Another group (which I will carelessly label "advocates") prefers to ignore individual performance distinctions and instead would confer identical generous compensation rights to all employees. Bonus pools that shrink when expense outflows exceed a nominal level frequently inspire fervent compliance with budget limits. Compensation people seem to come in two types: employee judges and employee advocates. Bear with me while I oversimplify about how each type distributes rewards.

Are Your Variable Pay Practices Factoring into the Gender Pay Gap?

HR Daily Advisor

What role does variable/incentive pay play in that overall inequity? The study examined how compensation patterns for each gender varied by average base salary and average annual bonus, Yildirmaz explained.

Life Cycles and Compensation

Compensation Cafe

Hiring bonuses for key talent may be used to keep the fixed cost of salaries down. Informal bonus-type programs are based mostly on company profits. Compensation : Formal compensation programs are put in place including merit pay systems, job descriptions/grades, bonus plans with formal metrics and a full complement of benefits. She has been a speaker at conferences in the U.S., Life cycles exist everywhere. Example: Countries have life cycles.

The Neuroscience of Employee Engagement

Achievers

Egan Cheung, Vice President of Product at Achievers, shared at the 8th Annual Achievers Customer Experience (ACE) conference in New Orleans: “To engage a modern workforce, an organization needs to be continuously listening to its employees.”. Address the Drive to Acquire: Incentives.

Swift and Certain Consequences Are More Effective

Compensation Cafe

One would expect many conference workshops to spring up featuring implementation experts eager to sell their newly copyrighted tools and procedures. Base Salaries Incentives/Bonuses Pay for Performance Performance Management Recognition Sales Compensation Social Media & Rewards Surveys Total RewardsToday, some government bureaucrats seem to have a better handle on behavioral psychology than many of us who claim to be experts on reward program practices.

Lost at Sea or. No Safe Harbor

Compensation Cafe

She speaks at conferences in the U.S. Base Salaries Benefits & Perquisites Compensation Communication Incentives/Bonuses International Compensation Regulations & Public Policy Total RewardsOn October 6 Europe’s highest court struck down an international agreement (Safe Harbor) that has allowed thousands of companies to easily transfer personal data from Europe to the U.S. since 2000.