Compensation Cafe

APRIL 8, 2019

Bonuses are paid, last year's results are old news and grand plans for this year have been signed, sealed and delivered. Hoping to get started on data analytics? Find data "cleaning" suggestions in my recent Cafe Classic , with more guidance in my Cafe article called "Get Rich Quick!". Looking at clear skies these days?

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Bonuses and Incentives Compensation eBook Performance Management 60

Compensation Cafe

FEBRUARY 11, 2020

How often do you age your data? Does management understand how you manage the data and do they agree with your schedule? Her firm, re:Think Consulting, provides market pay information and designs base salary structures, incentive plans, career paths and their implementation plans. How do you explain your bonus awards?

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Bonuses and Incentives HR Planning Compensation eBook 52

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? Aon (including Radford ) just published data collected from April 7 to 10, 2020. Earlier, she was a Principal at Willis Towers Watson.

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Payactiv

DECEMBER 28, 2021

We have compiled the latest stats, arming you with all the data you need to make informed decisions when looking at your hiring plan. Our eBook serves up the secrets to keeping QSR employees and hiring more in 2022. Offer a healthy mix of perks, like flexible hours, incentives and competitive, on-demand pay. Download Now.

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Wage and Hour Training Industry Hiring Software Retention and Turnover 52

Payactiv

DECEMBER 28, 2021

We have compiled the latest stats, arming you with all the data you need to make informed decisions when looking at your hiring plan. Our eBook serves up the secrets to keeping QSR employees and hiring more in 2022. Offer a healthy mix of perks, like flexible hours, incentives and competitive, on-demand pay. Download Now.

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Wage and Hour Training Industry Hiring Software Retention and Turnover 52

Compensation Cafe

AUGUST 9, 2019

Employees get their salary data by matching titles, not job descriptions. Get credit for your incentives. Many CEOs of small companies don't like to talk about incentives since they can't guarantee a yearly payout. Here's another place where salaries can go off track. Earlier, she was a Principal at Willis Towers Watson.

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Bonuses and Incentives Company Compensation eBook 49

Workable

FEBRUARY 16, 2024

At their core, employee incentive programs are designed to recognize and reward employees’ contributions, thereby fostering a culture of appreciation, motivation, and loyalty. What are employee incentives? These incentives can be broadly categorized into two types: monetary and non-monetary.

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Bonuses and Incentives Hiring Software HR Planning Recruiting Software 122

Compensation Cafe

MAY 28, 2019

Whether you are redesigning your base pay program or creating an incentive plan, it pays to learn from experienced colleagues, so I've included links to Compensation Cafe articles about each of these three best practices. Singing, Dancing and Posing: Aligning Incentives, Performance Metrics and Strategic Objectives by Stephanie Thomas.

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Compensation eBook Career Development Metrics 85

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?

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Performance Management Bonuses and Incentives Compensation eBook 45

Compensation Cafe

SEPTEMBER 10, 2020

Her firm, re:Think Consulting, provides market pay information and designs base salary structures, incentive plans, career paths and their implementation plans. Earlier, she was a Principal at Willis Towers Watson.

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Compensation eBook Study Career Development 85

Primalogik

MARCH 2, 2023

Good performance management tools also share robust data on employee behaviour. Another may realize that its incentive program isn’t having the desired impact, leading it to a more effective solution. Such data are “vital inputs” for succession planning , asserts SHRM. This applies equally to teams. Survey tools.

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HR Software Assessment Software Onboarding Software Planning Tools 52

Compensation Cafe

JANUARY 14, 2021

Have you found good data for all of your jobs? Especially for annual programs like incentives that are not thought about in every month of the year. 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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Compensation eBook Compliance Training Career Development 52

Compensation Cafe

DECEMBER 10, 2018

You may have already completed performance appraisal discussions, but performance should certainly be part of the discussion when 2014 increases and bonuses are covered with employees. Data supports our empirical findings. Explaining consistently to all employees, how the budgets have been allocated for merit increases and bonuses.

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Bonuses and Incentives Background screening Compensation eBook 51

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. Since there are no clear paths to achieving these goals yet, nor are there enough performance data to make reliable plans, day-to-day work can be erratic for everyone.

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Compensation Bonuses and Incentives Background screening Hiring Software 45

Compensation Cafe

JANUARY 5, 2021

Most reviewers prefer data presented graphically, so visuals like dashboards send powerful messages about your project management achievements. . Your presentations will not only be about data or plan design. To keep your communications crisp and meaningful, design a dashboard that you (and your sponsor) can use to visualize progress.

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Compensation Planning Tools eBook Performance Management 52

Compensation Cafe

SEPTEMBER 22, 2020

Is there predictive data that can guide us? This report talks about "nominal" differences in groups, but that word just helps them communicate what they've found and sidesteps the fact that the data may not be either robust or predictive. What do you want the candidate to do? Earlier, she was a Principal at Willis Towers Watson.

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Hiring Compensation Career Development eBook 45

Compensation Cafe

MAY 3, 2019

There is an extreme mismatch between what our employees really want and our efforts at motivating them (through feedback, merit increases and incentives). . If only we could scrap our current pay practices and start all over again. of the Center for Effective Organizations at the University of Southern California.

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Video Recruiting Compensation eBook Career Development 40

Compensation Cafe

MARCH 5, 2019

Market tested your incentive rates? By the time you have 100-200 employees, you've decided to check your offers with some market data. But odds are, it took a while before you were able or willing to pay for GOOD market data. You certainly couldn't have said that you really didn't have the data back that up.

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Compensation eBook Career Development Data 49

Compensation Cafe

JULY 28, 2020

What have data and analytics got to do with compensation communications? You can use employee data and analytics to learn how to talk in a more relevant and engaging way with your employees. Back at the ranch, data and analytics show you how to convince your employees about the important points you need them to understand and support.

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Compensation Analytics eBook Comparison 52

Compensation Cafe

MARCH 22, 2021

When the data shows that we keep doing the same thing -- and getting away with it -- there's no need to change. Her firm, re:Think Consulting, provides market pay information and designs base salary structures, incentive plans, career paths and their implementation plans. Recent findings are more blunt.

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Compensation eBook Career Development Talent Experience 52

Compensation Cafe

MARCH 25, 2020

Routinely short on data? You can use this situation to make a sound case that working from home would be more effective with accurate data that everyone on the team can share. You've probably read about the various companies that are paying their employees bonuses in recognition of extra work hours or difficult work environments.

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Bonuses and Incentives Compensation eBook Planning Tools 40

Compensation Cafe

DECEMBER 10, 2014

You may have already completed performance appraisal discussions, but performance should certainly be part of the discussion when 2014 increases and bonuses are covered with employees. Data supports our empirical findings. Explaining consistently to all employees, how the budgets have been allocated for merit increases and bonuses.

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Bonuses and Incentives Compensation eBook Performance Management 45

Compensation Cafe

JANUARY 8, 2021

How will the data be used? And when it comes to competitor insights, make sure to keep your data fresh. Her firm, re:Think Consulting, provides market pay information and designs base salary structures, incentive plans, career paths and their implementation plans. You probably learn a lot, too, as long as you make a point of it.

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Compensation Compliance Training Certification eBook 52

Compensation Cafe

NOVEMBER 6, 2018

Trap #4 -- Data Without Attention to Detail -- If there is a mistake in the presentation, or if you can't answer a question succinctly using data from your presentation, you and your presentation will lose credibility. If you don't know the answer to execs' questions, just indicate that you will look into them and provide an update.

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Planning Tools Interview Software Recruiting Software Bonuses and Incentives 45

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). He has a deep understanding of how powerful data is for every area of the business.

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Compensation Cafe

JULY 30, 2019

If you start on this data gathering in August, you'll have enough time to really analyze the status quo and plan improvements before September due dates. 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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Planning Tools Compensation Compliance Training Performance Management 45

Compensation Cafe

MAY 25, 2018

I just began working with a client -- global, successful in the recession -- that gives market data to all its managers so they can make their own decisions. Another important detail is that all employees are eligible for incentives. I have seen them proven time and time again in clients small to huge. At least until now.

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Survey Compensation eBook Career Development 40

Compensation Cafe

SEPTEMBER 12, 2016

It's worth pausing a minute to contemplate the fate of Wells Fargo 's incentive plan. Specifically, I'm inspired to get us thinking about implementation methodologies that are often overlooked, yet immensely valuable, since misguided incentives can easily wreak havoc, as we all know. What have I missed?

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Compensation eBook Guidelines Course 40

Compensation Cafe

JANUARY 31, 2019

The New York Times included an op-ed with data to support this statement, "People between the ages of 25 and 34 were earning slightly less in 2017 than people in that same age group had been in 2000." Check out the visual, it's pretty shocking, especially when you compare the Millenials' trend lines with those of other age groups.

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Compensation Career Development eBook Trends 51

Compensation Cafe

JANUARY 18, 2018

Generate data -- You and your team should be able to respond immediately to up to 20 demographic questions about your employee population. Odds are you're spending more on hiring bonuses (because you're not sure about your salaries) than you would spend on compensation surveys. Lack of planning could be the major reason.

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Hiring Software Planning Tools Compliance Training Bonuses and Incentives 40

Compensation Cafe

MARCH 8, 2018

How to solve common Life Science job leveling and salary data questions Life Science jobs evolve so quickly, anyone trying to make compensation decisions would be thrilled to get advice. She coauthored the popular eBook, Everything You Do (in Compensation) Is Communications, a toolkit that all practitioners can find at [link].

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Planning Tools Compensation HR Software eBook 40

Compensation Cafe

MARCH 8, 2017

The data shows that this comes in right up there at #2. Many candidates come from employers who use incentives very differently than your company does. Incentives give you an opportunity to personalize rewards -- which is a current employee preference -- so if that's the way your total compensation works, promote it.

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Compensation How To eBook Retirement 49

Compensation Cafe

JUNE 14, 2017

In the meantime, the work world has changed immensely in terms of regulatory policies, economics, workforce priorities, data analytics, productivity through technology and so on. 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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Compensation Planning Tools eBook Case Study 40

Compensation Cafe

APRIL 2, 2019

Imagine how much useful, field-proven data you could share with your managers to improve business results. . Her firm, re:Think Consulting, provides market pay information and designs base salary structures, incentive plans, career paths and their implementation plans. Earlier, she was a Principal at Willis Towers Watson.

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Compensation eBook Guidelines Performance Management 40

Compensation Cafe

JUNE 30, 2021

If you have the budget, it's particularly important to partner with experienced firms for this work--the projects involve so much data that they can easily get bogged down. Some of them share more than others, but many will help you learn what's current in our field. Her firm is re:Think Consulting. She is a member of U.S.

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Compensation Workforce Planning Career Development eBook 52

Compensation Cafe

SEPTEMBER 28, 2017

And if you haven't yet, now is the time to help them answer questions about crowd sourced pay data. Her firm, re:Think Consulting, provides market pay information and designs base salary structures, incentive plans, career paths and their implementation plans. Invite your "median employee" to help finalize merit increases.

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Bonuses and Incentives Compensation Performance Management eBook 40

Compensation Cafe

NOVEMBER 16, 2015

Their data indicated that "Instead of managers being the primary driver of engagement, our CEO was the primary driver of engagement.". After all, data has consistently indicated for decades that managers are the primary drivers of engagement. Let's take a close look at what distinguishes the Twitter data.

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