Compensation Cafe

FEBRUARY 11, 2020

In other words, we do have a philosophy and we use it for the nuts and bolts of our work -- and we should be able to articulate it, even just to guide HR decision making. This is a big loss to our work, our managers and our employees. Does management understand how you manage the data and do they agree with your schedule?

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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

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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. Earlier, she was a Principal at Willis Towers Watson.

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Compensation Cafe

APRIL 16, 2020

After all, Human Resources is having shortages of our own. Annual planning. Performance review. Incentives. manager's briefings. manager's tools. performance management administration system. Giving feedback. Career development. Earlier, she was a Principal at Willis Towers Watson.

Planning Tools 52

Planning Tools Compensation eBook Career Development 52

Compensation Cafe

MAY 22, 2020

In this Classic post, Margaret O'Hanlon introduces us to a couple of "laws" touted in Economics that offer lessons we'd be wise to add to our compensation (and broader HR) toolkits! Performance management is the first thing that comes to mind. In fact, you'll say with deep conviction that your salaries are highly competitive.

Compensation 52

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Compensation Cafe

JUNE 17, 2019

Face it, those auto-messages provided by compensation and performance management administration systems don't qualify as communications, so don't even try to count them in. How about a deep briefing on what competitive total compensation means and how Human Resources makes it come about? Marissa Mayer, Yahoo!)

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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. Envisioning the future in living color is really the only effective way to navigate the gap between today's practices and the results you envision.

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Compensation Cafe

NOVEMBER 28, 2018

Experience shows that some managers are more comfortable counting these perspectives into the rating decisions, especially in smaller departments. HR review -- HR review and sign off of proposed merit increases (before they are communicated to employees) is one way of working with managers.

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Compensation Planning Tools Interview Software eBook 80

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. Years like this are also the best time to build deeper relations with management, who are also worried about employees at this time.

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Bonuses and Incentives Compensation eBook Career Development 52

Compensation Cafe

JUNE 19, 2018

Suddenly the company size becomes a game changer for everyone, including Human Resources. When we think about operations and logistics, Human Resources doesn't always come to mind, but once you're growing past 500 employees, it becomes logistically impossible to follow many of the practices that you relied on earlier.

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Compensation HR Planning Bonuses and Incentives Hiring Software 40

Compensation Cafe

MARCH 17, 2020

The government has an easier time than we do in HR because most Americans are pretty willing to ACCEPT that local governments are on our side. Let's say we're introducing a new pay program with an emphasis on pay for performance, and the first step is making everyone aware of the new program.

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Compensation Cafe

APRIL 9, 2018

Employees and managers are proudly self-centered (just like any consumer). They don't automatically appreciate the glories of HR's next great idea, no matter how great HR thinks it is. Far more favorably than if they just know the new merit targets or performance management process, no matter how much better you have made them.

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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. Quit giving ourselves permission to guess.

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Compensation eBook Guidelines Course 40

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. You're thrilled that you just finished a great big project that will make employees and managers happy. Have you just invented your company's first salary structure?

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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? If HR hasn't developed talking points to help you and your managers talk about Total Rewards, that's a great place to start. 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 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? Experienced financial advisors turn to it repeatedly. I bet it can.

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Compensation eBook Career Development Performance Management 40

Compensation Cafe

JANUARY 5, 2017

There are many reasons why pay-for-performance practices have been challenged by employees, executives and the media in the last two or so years. First, I've realized that cultural change has altered the context of performance management. The question, "What does it mean to be human in the age of intelligent machines?"

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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. A champion is someone who will guide and influence the progress of your communications, especially with senior management and department heads. Get yourself a champion (or champions). How can you do this easily?

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Compensation Planning Tools eBook HR Software 58

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. HR doesn't have a budget for salary surveys.

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Compensation Bonuses and Incentives Background screening Hiring Software 45

Compensation Cafe

SEPTEMBER 21, 2018

Let’s say, a year when there will be layoffs and no bonuses. As I mentioned, for me at least, urgency, empathy and innovation represent the essence of pay for performance -- and the essence of the design and communication roles for executives, managers, employees and human resources. What do you think?

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Meeting Bonuses and Incentives Compensation eBook 40

Compensation Cafe

JUNE 30, 2021

The outcomes of the design process can make compensation administration, career development and workforce planning so much more effective. Familiar to all of us, this is where you start--by identifying the groupings of jobs that perform similar work. Traditional examples of job families are Finance, Legal, and Human Resources.

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Compensation Workforce Planning Career Development eBook 52

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

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. Why ask managers and employees about how they understand pay for performance, when you're not planning to change the performance management process any time soon?

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Compensation Comparison eBook Performance Management 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. Are you planning on having a family? We've been happy to legislate and work to rein in improper manager behaviors. That's right.

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Bonuses and Incentives Compensation eBook Retirement 40

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

MARCH 22, 2021

And once we start going steady, our goal -- in HR-speak -- is to build Engagement. Margaret O'Hanlon brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café. Out of this phase of our relationship comes a job offer.

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Compensation eBook Career Development Talent Experience 52

Compensation Cafe

JANUARY 8, 2021

Find out what they thought about career programs, performance management, manager skills, their HR department. Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café. And take some field trips.

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Compensation Compliance Training Certification eBook 52

Compensation Cafe

APRIL 8, 2015

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). Every time, someone in Human Resources insists it comes back.

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HR Planning Bonuses and Incentives Gusto Compensation 40

Compensation Cafe

JULY 28, 2020

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. Recently, the big consulting firms have talked about "personalizing" HR communications. Earlier, she was a Principal at Willis Towers Watson.

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Compensation Analytics eBook Comparison 52

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

AUGUST 21, 2018

Planning to upgrade compensation management with new software? HR often stays stuck in the, "If we build it, they will come" mentality. Since our implementation reticence is common, software companies could limit HR ability to release the software until they've passed a security gate. It's a common issue right now.

Planning Tools 40

Planning Tools HR Software Software Compliance Training 40

Compensation Cafe

FEBRUARY 6, 2017

We also covered the headline news on employee incentives that eventually brought their CEO down. The new employee pay practices were just announced in January, earning headlines like "Wells Fargo Revamps Pay Plan After Fake-Accounts Scandal" in USA Today and "Wells Fargo's Notorious Sales Goals to Get a Makeover" in CNNMoney.

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Compensation Wellness ATS eBook 40

Compensation Cafe

MARCH 23, 2015

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. Pay for performance is a form of change management if we do it right. It''s also the minimum you need to invest in any kind of compensation plan rollout.

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Bonuses and Incentives Compensation eBook Handbook 40

Compensation Cafe

SEPTEMBER 18, 2019

Her idea was to address a number of problems that she believed were obvious obstacles to the compensation plan's effectiveness. The executive team, it turned out, did not agree with her assessment of the obstacles and saw no reason for a new plan. 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 11, 2016

Brett's negotiating for executive responsibilities and planning to ramp up contributions to his 401(k). All of them will be surprised if they don't earn an "exceeds expectations" rating, given the way their performance opportunities have been going this year. Managers become far better leaders when they understand this.

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Compensation eBook Performance Management HR Software 40

Compensation Cafe

AUGUST 31, 2017

It's all the rage in HR land. Towers Watson (TW) just reported research on how the two parties feel about the whole thing in a report called, " HR and Finance Partnership Opportunities." As TW points out "HR and Finance have a shared mandate: Reduce costs, sustain or enhance productivity, and keep the talent pipeline full.

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eBook Compensation Career Development Metrics 40

Compensation Cafe

MARCH 8, 2018

It's a shame, because using surveys is one of the fundamental ways that HR can transform from transactional to strategic. Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café. Earlier, she was a Principal at Willis Towers Watson.

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Planning Tools Compensation HR Software eBook 40