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The Real Cost of Mismanaged Incentives: Wells Fargo

Compensation Cafe

Well, so much for the warm-hearted caffeinated, pick-me-up from the Comp Café. Today is a steaming jolt of quadruple espresso in response to the Wells Fargo incentive pay mess. I answered that if I had been asked a few weeks ago, Wells Fargo would have been on the list.

When Incentive Pay Goes Rogue!

Compensation Cafe

A friend of mine likes to say: “It’s not that incentive pay doesn’t work well, it’s that it works TOO well. Wells Fargo just paid $185M in fines and penalties because its employees fraudulently opened additional accounting for people who were already customers.

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3 Performance Management Best Practices for Healthcare


3 Performance Management Best Practices for Healthcare Sep. Too often healthcare workers are simply told “you need to do the following 25 things,” says John Lutz, Principal at ECG Management Consultants , consistently rated as one of the top healthcare consultancies in the U.S.

Cafe Classic: That's The Way We Do Things Around Here

Compensation Cafe

However, as soon as he starts to climb, the researcher sprays the monkey with ice-cold water as well as the other 4 monkeys. When a second monkey tries to climb the ladder, the researcher again sprays the monkey with ice-cold water, as well as the other 4 watching monkeys.

Marketing Compensation to Employees and Managers? You Bet.

Compensation Cafe

You know, just like if you have a new compensation change or improvement, why don't employees and managers just buy it and applaud your innovation? They have to introduce new insurance and wellness products regularly. Marketing?

Female Overcommitment Is Not Rewarded

Compensation Cafe

The closest similar male behavior comes from the founding fathers of organizations; but their dedication to the well-being of their enterprises is generally recognized, prized and rewarded. A guy completes his list of tasks, then retires to the man cave for a beer and a game on TV; but the woman is expected to continue to toil indefinitely, sacrificing her time for family welfare until absolutely nothing remains undone. Women work differently than men.

Paycor Receives WorldatWork 2017 Seal of Distinction


PRWEB ) — Paycor , the industry leading Human Capital Management provider for SMBs, today announced they have earned WorldatWork Seal of Distinction for 2017. Applicants are evaluated on: • Health & wellness. • Retirement. Bonus programs. Short-term incentives. Long-term incentives. Performance management. Financial wellness. 17, 2017 — WASHINGTON , D.C.

Incorporating Assumptions and Disclaimers into Your Total Rewards Communication Strategy 


If you’re considering incorporating assumptions and disclaimers into your employee benefits statements, here are a few things you should consider, as well as examples of each: Ask A Lawyer To Weigh In. Examples of Assumptions : Bonus compensation includes payments made for Calendar Year 2015.

How to Attract and Retain Top Talent


HR professionals can avoid this phenomenon in 2019 by modernizing their strategy and relinquishing dated habits in their talent management process. Keeping up with current talent management trends: HR leaders are changing the way they manage talent to keep up with current trends.

Selecting Components and Categories for Your Total Rewards Strategy 


Performance & Recognition. Commissions and different bonuses and incentives are itemized. Work-Life covers Maternity/Paternity Leave, Adoption Leave, Health and Wellness items, Nurse Line, Health Advocacy, Dependent Care, Community and Charitable Donation programs.

Nonprofit Employee Compensation: Understanding the Essentials

Astron Solutions

If you’re a nonprofit professional, you’re already well aware of how challenging it can be to build an internal culture that prioritizes retention while operating on a lean budget. Some nonprofits certainly suffer from poor management that directly damages their ability to retain talent.

20 Simple Reasons Your Top Performers Quit


Losing a top performer hurts, and it's an increasingly common issue in the modern workforce. A study by SAP and Oxford Economics revealed that one in five high performers are likely to leave their jobs within the next six months — and less than half are satisfied with their jobs.

How to grow a business by putting your people first

PI Worldwide

Well, let's talk about you. And I went to Princeton because I didn't expect to be able to do much with hockey, and I figured if I wasn't going to go to Canadian school, I might as well go to one with a very good education. So I retired at the ripe old age of 26.