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Performance Management Tools: The Ultimate Guide

Primalogik

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.

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‘Tis the Season to Evaluate Your Total Rewards Strategy

WorkHuman

Interestingly, the same survey shows that annual performance bonuses will decline slightly next year, while discretionary bonuses will increase slightly. Unlike salaries, incentives are variable and give employers much greater discretion in rewarding employees for performing at superior levels. 3 in 10 U.S.

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Growing a Healthy Compensation Program -- Part Two

Compensation Cafe

Managers are also noticing that their "founding" employees are getting a bit antsy about their pay since they still don't have any real evidence that they are being paid competitively -- even if Healthy Gadgets' compensation strategy has been to overpay. The annual bonus was affected by production outlays for the new product.

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Quick Reminder on Performance Management Effectiveness

Compensation Cafe

I recently ran into a study on effective performance management practices that I want to share with you. Not because it says anything really new, but because it does a great job on focus and insight, attributes we can all use when it comes to performance management. Procedural fairness is defined as, ". .

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Overlooked Fundamentals of Compensation Strategy

Compensation Cafe

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. Margaret O'Hanlon, CCP brings deep expertise to discussions on employee pay, performance management, career development and communications at the Café.

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When You're Cornered, Why Not Step Aside?

Compensation Cafe

In the case study that inspired this article, HR called me because the CIO wanted to talk over salary agreements with incumbents before there was any type of turnaround strategy. Let's try again with a bigger [select an option: salary, sign-on bonus, incentive, equity offering, loan opportunity and, and, and].".

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Cafe Classic: A Few Things Economists Would Like Compensation to Know

Compensation Cafe

concepts like performance appraisal practices, bonus allocation, merit increase awards, high potential selection and, well, most of the things that we spend our time on. Performance management is the first thing that comes to mind. sense to change your performance appraisal approach every few years.