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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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What Does a Bonus Mean?

Compensation Cafe

After all, we often don't make much of a communication effort when we award bonuses. They want confirmation that the merit budget is the same as the one their neighbor's company--as well as your local competitors--is awarding. When it comes to bonuses, the understood link with business results is often sketchy, too.

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Growing a Healthy Compensation Program -- Part Two

Compensation Cafe

A great motto for the day after Memorial Day, as well as for this series! 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.

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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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If You Don't Give Raises This Year

Compensation Cafe

Plus, we'll need to understand their feelings as well as their decision-making needs for what's coming. Then you decide to give it up, because the doctor's got you on meds that don't work well with alcohol. Who's good at handling this situation? You get it, don't you? Say you come home each day and reward yourself with a beer.

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Help Managers with the Challenges of Video Calls

Compensation Cafe

These are just a few of the scenarios that can happen in performance management and salary discussions -- but remember that we'll be doing most of these discussions on video this year. These are not the regular, squirmy video meetings that can be challenging to accomplish well on any workday.

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4 Tips for 2020 Career Development

Compensation Cafe

What happens when you disappear raises, slim down bonuses, freeze salaries and/or jack up benefit costs? Plus you've put yourself into a situation that will be difficult to explain to anyone's satisfaction unless your employees are well-briefed on your company's compensation philosophy and administration. Speak clearly.