Compensation Cafe

JANUARY 26, 2021

Not a great foundation for a compensation practice! 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. Some of the findings verify long held beliefs but many more are counterintuitive. In a time of 2.5%

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Compensation Cafe

OCTOBER 25, 2018

Plus, every bit of research tells us it's critical to effective compensation. If you're a regular reader of Compensation Cafe, you know that when we talk about pay transparency, we're referring to being clear(er) about how compensation works. We've been talking about it for years, after all.

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Compensation Cafe

JULY 7, 2020

But what does burnout have to do with the Compensation Department? It's OUR responsibility to make sure that manager and employee annual goals are aligned with the business strategy, a mountain employees don't really try to scale when they are feeling burnout and their engagement is depleted. Other action steps?

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Compensation Cafe

JULY 14, 2017

Editor's Note: In today's Classic post, we revisit Margaret O'Hanlon's sage career advice for fellow compensation pros. When strategy is communicated within the company what you typically hear are the headlines. Can't get your leaders to think about talent management or even HR strategy? Looking to advance?

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Compensation Cafe

MAY 24, 2017

Everything we do in compensation is communication. This is not only the name of a fabulous book (see my bio), but it also describes a fundamental belief of many Compensation Cafe writers. Compensation colleagues, you can create a compensation plan with this principle in mind, and still miss many important nuances.

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Compensation Cafe

AUGUST 27, 2020

Looking for a practical example of a compensation communications strategy? In short, there are two parts to a message platform for Compensation communications: Key messages are short statements designed to show that Rewards practices are linked to business practices in a way that ultimately benefits the employee. Absolutely.

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Compensation Cafe

JULY 17, 2020

Many of our colleagues would say that compensation has nothing to do with feelings. On the other hand, feelings have a lot to do with compensation COMMUNICATIONS. On the other hand, feelings have a lot to do with compensation COMMUNICATIONS. Addressing feelings through compensation communications is tricky business.

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DailyPay

APRIL 10, 2021

Compensation Force measured the level of total separations in the United States 2016 at 15.1%. READ OUR EBOOK. Training can range from career development opportunities to financial wellness programs. This makes measuring employee turnover more important for employers. What is the average employee retention rate?

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Compensation Cafe

OCTOBER 24, 2019

The compensation communication cycle takes many weeks -- too long to be disconnected from your audiences. Treat compensation as part of the business cycle. Compensation Cafe founder, Ann Bares, recently wrote a fabulous guide to developing a compensation philosophy that can help you obtain key insights by asking crucial questions.

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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! And no matter what type of pay strategy you have, recognize that your decision making is naturally biased in favor of the rationality of the strategy.

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Compensation Cafe

JUNE 25, 2020

Compensation departments often run on the "no news is good news" communications strategy, choosing to take the upper hand in their relationship with employees. How long will it work for compensation departments to play it close to the vest in a world where information changes hands every nanosecond? It's barely working now.

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Compensation Cafe

MARCH 2, 2021

Editor's Note: Struggling to root out those scary "legends" about how compensation works at your organization? That's the theme of most HR conversations about compensation communications. Think our compensation communication urban legends get in the way? Margaret O'Hanlon shows us how in this Classic post on pay communication!

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Compensation Cafe

AUGUST 28, 2019

Editor's Note: It doesn't take magic to create memorable and impactful compensation communication. We want our compensation communications to inspire employees to be all of these and more. I heartily recommend you read Ann's Compensation Force article to hear her excitement about the insights in this piece. Motivated . .

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Compensation Cafe

DECEMBER 5, 2019

What I'm talking about is giving employees enough information to understand how compensation decisions are made in your culture. Getting uncomfortable about your pay transparency efforts or looking to create a strategy? Determining objectives for your strategy. What is pay transparency anyway, and how do I know when I get there?

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Compensation Cafe

SEPTEMBER 10, 2020

Instead get yourself started by recognizing that a program refresh will be stage 1 of your pay transparency project, followed by the communication strategy. Check out this series on Compensation Cafe: What pay transparency means , where to start, how to talk it over with executives , and deciding how far to go.

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Compensation Cafe

NOVEMBER 11, 2020

Our Compensation responsibilities don't stop at numbers. They include performance management, reward strategy, career development, compensation communications, among many other key influencers of employee engagement. This should be reflected in the work we are doing. Count on employees feeling that way, too.

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Achievers

FEBRUARY 2, 2021

Employee benefits are non-salary compensation and perks. They consist of government mandated and voluntary indirect and non-cash compensation. . These are benefits an employer voluntarily offers employees, and benefits programs are a top employee recruitment, retention, and engagement strategy. . What are employee benefits? .

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Compensation Cafe

APRIL 28, 2020

This "point in time" report is called "Adjusting Total Rewards Programs, Workforce Strategies and Sales Force Effectiveness Practices in Response to COVID-19" and it has some valuable insights into how companies are (or are not) adjusting their people strategies to the current environment.

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Compensation Cafe

NOVEMBER 3, 2020

Wondering if there is any place for printed materials in your compensation communications? Your employer doesn't have to be wired as well as Google in order to have an effective communications strategy, and printed materials may still have an important, but targeted, role to play. Earlier, she was a Principal at Willis Towers Watson.

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Compensation Cafe

MAY 19, 2021

Compensation philosophy. As Ann Bares wrote , "Your compensation philosophy isn't what you say. But starting with the basics, do our employees really understand our total compensation offerings yet--so they could explain them accurately? But when's the last time you did a strategy refresh on your competency selections?

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Compensation Cafe

JANUARY 18, 2019

I just ran into a classic that can change the way we work and make our compensation design decisions far more effective. It's a must read for most of us as we struggle with incentive, recognition, merit and executive compensation designs that fail to live up to their promise. You hear this a lot on the Compensation Cafe!

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Compensation Cafe

MAY 28, 2019

Most compensation practitioners can tick off the obvious ones on their fingers. Connecting business strategy with an employee's work, so the reasons for their rewards are plain as day. Go back through Compensation Cafe archives and you find many articles on each of these plan design parameters. Best practices for plan design?

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Compensation Cafe

APRIL 8, 2021

It's a shame because employees are eager to find out how their work contributes to the company's strategy. I have been in companies that work hard on line of sight and the level of discussion around strategy and product development is impressive. In fact, companies where employees know their line of sight do better financially.

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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. When it came time to develop a strategy for the function, her first step was to send an Associate level staff member to talk with employees.

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Compensation Cafe

SEPTEMBER 11, 2018

Just last month, McKinsey & Company, worldwide consulting firm and business strategy guru of record for executives, published the results of a study that point out how to support measurably better business performance through specific talent management practices. Employees understand their organization's overall strategy.

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Compensation Cafe

MARCH 13, 2020

How do you talk about compensation within Total Rewards? There are opportunities to move up in almost every setting, whether or not the company has a formal career development strategy. What did that have to do with compensation? That why it's called a Total Rewards strategy. What are the magic words?

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Compensation Cafe

OCTOBER 30, 2020

I compared notes on how to handle compensation communications at last week's local compensation association meeting. The strategy should have all the hallmarks of a communication strategy. Margaret O'Hanlon's Classic post provides some excellent pointers for those who find ourselves in this predicament.

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Compensation Cafe

JUNE 9, 2020

Why plan a communication strategy about pay when we have so little money to hand out? Talk about the “head in the sand” strategy. . I won’t feel any better until I have a chat with a few of my compensation colleagues. At least, that’s what a number of my colleagues have been saying in the last few weeks.

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Compensation Today

OCTOBER 4, 2017

This is an excerpt from our new ebook collaboration with BambooHR, “ Your Total Rewards Questions: Answered.” The ebook is based on a panel discussion in which industry thought leaders offered their insights and tips on the biggest, most frequent concerns around total rewards. Learn More About Our Compensation Software.

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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. As we say at Compensation Cafe, everything you do in compensation is communication. 2020 has just been too much.

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Bonuses and Incentives Compensation eBook Career Development 52

Compensation Cafe

DECEMBER 17, 2019

For example, it will just frustrate employees if you include the question, "I am well informed as to how my job fits into our company's business strategy" with no plans of improving that dimension of communication. Here are a couple of examples: My manager has explained how the compensation program works.

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Compensation Cafe

FEBRUARY 15, 2022

Editor's Note: Too often, we fall into "parent speak" when responding to employee questions and challenges around their compensation. And then we wonder why HR communications are unpopular -- a reaction that is especially unnecessary and undermining when it comes to compensation communications. It's just a given.

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Compensation Cafe

OCTOBER 13, 2020

What does that mean for Compensation? However, when you shift the focus to the broad workforce issues of working remotely, the strategy firm McKinsey cautions, "history shows that mixing virtual and on-site working might be a lot harder than it looks--despite its success during the pandemic.".

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Compensation Cafe

JUNE 10, 2021

With all of us worn out from the Mr. FixIt work we did during Covid, do HR and Compensation have the energy to be resilient now? Workforce planning is--or should be--done hand in hand with Compensation. It seems like the amount of energy we have can be relied on to get us through the first six to eight months post-Covid.

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Compensation Cafe

OCTOBER 23, 2015

One particularly important lesson she has illuminated for me is the importance of looking at compensation communication through the lens of business investments and returns. What's the secret to happiness and satisfaction with compensation communications? There's just so little compensation communications going on.

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Compensation Cafe

JANUARY 10, 2019

How is this turn of events possible when such a high percentage of companies have incorporated analytical reports when purchasing transactional HR software for talent management, benefits, compensation and Total Rewards? McKinsey gives a great overview in, "Digital strategy: The four fights you have to win."

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Compensation Cafe

AUGUST 24, 2020

Editor's Note: One good email and a meeting will not turn your compensation plan design into reality. I've written a lot about implementation on Compensation Cafe, including a series that starts with this article. It's also the minimum you need to invest in any kind of compensation plan rollout. Why keep harping on it?

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