Remove Comparison Remove Compensation Remove Compliance Training Remove Performance Management

The Ghosts of Performance Management Past

ReviewSNAP

“I will live in the Past, the Present, and the Future. The Spirits of all Three shall strive within me. I will not shut out the lessons that they teach!” Tweet This: Only 8% of companies think their appraisal process provides value to the org. &

New Research on Cutting-Edge Performance Management: What Are We Learning?

Compensation Cafe

Editor's Note: Last summer we posted an announcement from Gerry Ledford (one of our profession's leading scholars) introducing a new academic study focused on leading edge performance management practices and an invitation for any qualified organizations to participate. For the past year, I have been leading research on cutting-edge performance management practices at the Center for Effective Organizations (CEO), University of Southern California.

3 ways next-generation performance management is evolving for high impact

HR Times

High-impact HR has caused a radical shift in the way performance is being measured and managed in order for companies to be able to attract, engage, and develop their top performers. Evolution of a new performance model is a process of continuous innovation.

Talent Management System Comparison Shopping? 3 Things to Know Beforehand…

HRsoft

The common constraint among nearly all organizations today is staying within budgetary requirements while maximizing results, so it’s no different when it comes to finding the best talent management software. Most professionals complete as thorough as talent management system comparison as possible to ensure they’re getting the best available value that will deliver powerful business outcomes to their company.

Not Your Grandma’s Mid-Year Performance Review (No Offense Grandma)

15Five

“Summertime and the living is easy.” Expectations for productivity are as high as any other time of year, and for some organizations the mid-year performance review is just around the corner. Maybe right now you’re doing performance reviews only once a year.

Total Rewards – Total Relationships

Bersin with Deloitte

Total Rewards leaders (Compensation & Benefits) are increasingly pressured from both inside and outside the modern organization. Long-time experts in this profession are accustomed to balancing the needs of the workforce, business, and regulators. Learn more.

Total Rewards – Total Relationships

HR Times

Total Rewards leaders (Compensation & Benefits) are increasingly pressured from both inside and outside the modern organization. Long-time experts in this profession are accustomed to balancing the needs of the workforce, business, and regulators. Learn more.

What happens when work becomes a hobby?

RecognizeThis!

— In the gig economy, a growing portion of people are working for reasons other than pay. That could mean big shifts for how companies motivate and attract workers in the future. By Derek Irvine. Recognize This!

Internal Equity Trumps External Competitiveness

Compensation Cafe

The idea that pay should be based on a balanced combination of external marketplace competitiveness as measured by surveys and internal equity is well accepted in the Total Rewards community. Hire a newbie at a dollar more than a senior co-worker and the the word gets out quickly.

Prejudice Perpetuated by Prior Pay Pattern

Compensation Cafe

Legislative initiatives to ban questions about past salary during the employment application screening process keep popping up. Here are some salient summary points we should kick around before the politicians determine our practices for us. At least, that is the quick assumption.

How the Changing Business Landscape has Created a Need for Human Resource Management Software

HRsoft

The many functions of human resources have evolved dramatically. Now, the scope of work for HR is compounded with a multitude of responsibilities. As you can see, the word “changing” is built into the very core of HR’s responsibilities. The Three Elements of HR Software.

Annual Performance Reviews Aren’t Dead, but They Do Need New Life

Capterra

If you’re a small or midsize business (SMB) that does annual performance reviews, I have some terrible news. I don’t want to beat out around the bush, so I’ll just say it. Annual performance reviews are dead. Jump to: What should stay: Performance ratings.

Ripped from Today's Global Headlines: Lessons on Executive Pay Ratio Communications

Compensation Cafe

Another compensation story hit the global media today. It happened in the U.K., And its particular set of events should give Compensation Cafe readers a lot to think about and discuss, given the Executive Pay Ratio work that has most everyone scrambling right now.

Deepen Your Value to Your Company

Compensation Cafe

Do you want to become famous in your company for: (pick one or more) Competitive compensation knowledge, talent acquisition, strategic insight, leadership? Start by learning all you can about your organization and about our field's innovative compensation practices, but don't stop there.

Santa, Where Do Best Practices Come From?

Compensation Cafe

Much as we like to believe that our compensation processes are objective, even numbers have a way of being influenced by human nature. If we are not aware of them, our vulnerabilities can affect our decisions all the way from job pricings to cost projections to talent assessments.

Performance Enablement: A Next-Generation People Practice

Workday

In my role in Workday’s People and Purpose organization, I have the incredible opportunity to ideate, innovate, and incubate employee experiences and people practices. The intersection of HR and technology is a long-time interest of mine, and as many of my colleagues know, the two have not always been on the same page. HR today is far from where it was decades ago when traditional performance management practices were first introduced.

Setting the Stage to Become Their Strategic Partner

Compensation Cafe

It's really tough, especially in smaller companies, where the executives just want to tell you what to do, especially about compensation. When you run into this, it's a sign that your execs see compensation mainly as a budgetary issue. What can you do to change the cycle?

The 100 HR Indicators Every Manager Needs to Know

EmployeeConnect

If you’re like me, you might also be addicted to listicles, these articles in the forms of bullet-points that distil information in a very digestible way. Training & Development #7. Performance #8. It provides an idea of the breadth of responsibility of a manager. #3

Three Tips on Nonprofit Job Pricing Plus a Few on Benefits, Too!

Compensation Cafe

How many of you would think of using a compensation survey that describes itself this way? A unique Mission, wide catchment area and specialized staff that make pay comparisons uncomfortable. They need this commitment given the complex judgments that can be involved.

Nonprofits: It's Time to Improve Your Total Rewards ROI

Compensation Cafe

Why would I choose to work for the Red Cross if I have credentials and can build a career at General Electric or Wells Fargo? Many nonprofits have noteworthy Total Rewards, yet they introduce employees to their new positions by explaining the salary and providing benefits forms galore.

Point Factor Job Evaluation Concisely Summarized

Compensation Cafe

Numeric points are accumulated across a number of evaluation factor dimensions with both scalar and interval values and are applied to administer compensation. This permits the interval-based interleaving of unique jobs with benchmark jobs sharing similar overall value scores. .

Understanding the Employee Engagement Survey Provider Landscape: A Guide to the 6 Vendor Types -

Decision-Wise

As employee engagement has become one of the top concerns for executives around the world, many companies have developed new and innovative solutions to measure employee engagement. Survey Platforms: At the far left of the spectrum are survey software tools.

Understanding the Employee Engagement Survey Provider Landscape: A Guide to the 6 Vendor Types - DecisionWise

Decision-Wise

As employee engagement has become one of the top concerns for executives around the world, many companies have developed new and innovative solutions to measure employee engagement. Here we have identified the six vendor types from do-it-yourself software tools to full-service consulting firms with a variety of choices in between. Survey Platforms : At the far left of the spectrum are survey software tools.

The Best Workday Integration You Never Knew About

Globoforce

Learn more about Globoforce’s pre-packed integration for social recognition in our webinar this Wednesday. Globoforce is the only certified Workday partner offering pre-packed integration for social recognition. Greater talent insight for performance reviews.

Cafe Classic: Solving the Dilemma of Pay Progression Over Time

Compensation Cafe

Here with some Classic points on this important aspect of pay management is Jim Brennan. However, failure to plan normal incumbent pay progressions that march from job entry to the target pay rate within the proper period of time is a common problem.

Cafe Classic: Prejudice Perpetuated by Prior Pay Pattern

Compensation Cafe

Editor's Note: With today's Classic, Jim Brennan reminds us that little is more satisfying to an HR/comp professional exhausted by dealing with the constant ambiguity of human nature than being able to think (but not say) "I told you so!" At least, that is the quick assumption.

The Benefits of Offering Employee Benefits Statements

HRsoft

When it comes to compensation, the figure that employees will be most concerned with is almost always base pay. But as you know, there are many other components that factor into employee benefits statements, which are also referred to as a total compensation statements (source: SHRM ).

Workers are looking – and leaving – for career development

HR Morning

Prospective employees see career development as among the most important reasons to sign with —and stay with — with your organization. And, while you may think you are offering top-notch learning and development programs, they don’t think you are doing such a great job. And when they don’t see a commitment to helping them gain the skills they need to advance their careers, your employees are open to offers from competitors who are investing in learning and development.

Employee Engagement Software Solutions That Reduce Turnover

HRsoft

The American economy loses close to $350 billion every year in productivity because of employee disinterest and detachment. Compensation is one lens that gives management a perspective on the issue of disengagement and turnover. They are here for the long haul.

Cafe Classic: Solving the Dilemma of Pay Progression Over Time

Compensation Cafe

A good time to bring out Jim Brennan's classic piece on addressing this perennial compensation challenge! However, failure to plan normal incumbent pay progressions that march from job entry to the target pay rate within the proper period of time is a common problem.

How To Differentiate Performance Without Ratings

Saba

The biggest barrier to modernizing the approach to performance management is the HR-created need to have a "number" or category to help determine pay. If we get rid of performance reviews and ratings, how will we calculate merit increases? The 9-box.

Pope Protests, but Proportional Pay is Not Required for U.S. Pay Equity

Compensation Cafe

Since the Pope added his voice in protest about about gender based pay differentials a while after Equal Pay Day , maybe this is a good time to revisit the status quo. While Canada requires pay proportionality, the U.S. The two systems have contrasting base approaches.

The Basics of Big Data, HR Analytics & Predictive Analytics

SMD

There are lots of words and concepts floating around the HR world these days that are new or different from the traditional approach – ones like “big data,” “HR analytics,” and “predictive analytics.” Connection to Analytics: Underlying all the big data talk is the concept of analytics.

Sample employee evaluation templates

AssessTEAM Performance Management

New KPIs are being added every day, companies across the world use the system to effectively evaluate their employees. Employee evaluation templates are the foundation of the AssessTEAM system, these templates help you get evaluations executed in days rather than months.

Four Best Practices To Improve Talent Calibration

SuccessFactors

Calibration talent reviews involve multiple managers and organizational stakeholders coming together to discuss and evaluate employee contributions as a group. social loafing 1 ) as well as a tendency for group members to “conform to the norm” (aka, groupthink 2 ).