INDUSTRY INSIGHTS YOUR PEERS ARE READING
For Management : Why ask for prior pay history in the recruiting process? Strong prejudice emerges against anyone paid outside the income band acceptable to the hiring manager. MORE
Total Rewards leaders (Compensation & Benefits) are increasingly pressured from both inside and outside the modern organization. De-linking pay and performance? The reinvention of performance management is a well-published and discussed topic. MORE
In fact, most experienced compensation professional are able to craft apparently objective survey comparisons to produce any number they want; that is one of the reasons compensation is as much art as science. MORE
Compensation professionals love to cite “the open market,” while being less eager to admit that every market is different. The reasons may be seem obscure to outsiders, but they are clear to those who follow the arcane practices of the wage and salary management field. MORE
HR today is far from where it was decades ago when traditional performance management practices were first introduced. As a result, companies are moving past annual performance reviews and employee rankings. This brings us to our ongoing work at Workday, where we recently piloted a new performance approach. I’ve worked along with our product team to build new features into Workday Human Capital Management to support the Five Factors. Measuring Performance. MORE
This sentiment isn’t lost on performance management programs , where only 8% of companies think their appraisal process provides value to the organization and/or employee. . PERFORMANCE MANAGEMENT PAST. PERFORMANCE MANAGEMENT PRESENT AND FUTURE. MORE
Yet many of my nonprofit compensation clients have invited me to Total Reward discussions because they feel that they could be doing better in a number of employment areas. Are you acting like everything you do in compensation is communication? MORE
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. How do you evaluate performance on outdated objectives? MORE
We compensation professionals have been slow to face the implications of how entitlement attitudes affect reward management practices. Put into a compensation framework, is everyone entitled to a raise? MORE
Updating compensation practices or redesigning a plan? Why ask managers and employees about how they understand pay for performance, when you're not planning to change the performance management process any time soon? MORE
Another compensation story hit the global media today. 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. MORE
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. MORE
Not only is the famous battle for talent waging outside your company's ramparts, but a large chunk of the people you want to recruit think career opportunities and inspiring business goals are higher priorities than compensation when choosing a new employer. MORE
Perhaps you have heard the following concept in a conversation about performance management, ratings, and the subsequent compensation decisions: “When compared externally , we’re a superior company. MORE
This list of HR Key Performance Indicators (KPIs) and metrics contains certainly enough to help you fuel your HR dashboard for the next few months if not longer. Performance #8. Supervision rate: the number of employees that a manager has to supervise. MORE
” Taking a quick spin on the Blind public site —which displays limited posts—one can find several categories, some personal (managing money, food and travel) and many focused on work- and workplace-related issues (office life, women in tech, compensation, career). MORE
In recent times, many companies euphorically and rather media-effectively jumped on the bandwagon of abolishing performance ratings. Most, however, were still trying to hang onto their legacy pay-for-performance concepts based on individual objectives. MORE
If you’re a small or midsize business (SMB) that does annual performance reviews, I have some terrible news. Annual performance reviews are dead. A staple of performance management since the 1950s, gone forever. Jump to: What should stay: Performance ratings. MORE
If reality is not matching theory, I would expect all sorts of ivory tower eggheads with advanced degrees in labor economics would have spoken up to enlighten us mere compensation practitioners stuck in the mud of ground-level reality. MORE
During the last couple of years, I’ve had the opportunity to host executive forums with CHROs, EVPs, and other senior leaders looking to evolve (and sometimes revolutionize) the foundations of HR – compensation structures, performance processes, and more. MORE
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. The post Talent Management System Comparison Shopping? MORE
That would be terrible news to the insecure managers unwilling to offer thoughtful justifications for HR practices. The status quo dependence on comparisons between organizations that are never precisely identical has disturbing elements. Perhaps surveys should be prohibited. MORE
Total Rewards leaders (Compensation & Benefits) are increasingly pressured from both inside and outside the modern organization. De-linking pay and performance? The reinvention of performance management is a well-published and discussed topic. MORE
Although the gig economy is still relatively small in comparison to the traditional economy (approximately 8% or so), the dynamics of gig work could end up having a large impact on the ongoing evolution of the employer-employee relationship. By Derek Irvine. Recognize This! MORE
In a David Letterman-esque Brush with Greatness moment, I was pleasantly surprised to see that the theory was from the same Georgetown University professor who taught my Change Management Advanced Practitioner cohort, Brooks Holtom. . MORE
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. Create an FAQ on compensation surveys and share it. MORE
After countless hours of research, you’ve finally come to the conclusion that your organization needs to implement a performance management system. Now, you might be tempted to stick with your HRIS’s performance management module, but here’s why you should consider otherwise. MORE
By that I mean, if everyone in the company is going to compare themselves with the median pay profile, many are going to feel some type of a negative comparison. What would their managers say if you asked them that question? MORE
One solution is human resource management software. Now, however, there are three critical functions for which HR is responsible, and thus, which your HR or talent management software should encompass (source: SoftwareAdvice ): Core HR. Workforce Management. MORE
I was recently at a meeting at the White House Complex where I listened to a senior Federal executive bemoan Federal executive compensation. In his argument, he did not seem to recognize that he was comparing total compensation with salary. MORE
To get you started, we’ve compiled a comprehensive HR Buyer’s Guide to help you search for and select continuous performance management software that fits your company philosophy and specific needs. Employee Compensation and promotion. Annual performance review alternative. MORE
Much as we like to believe that our compensation processes are objective, even numbers have a way of being influenced by human nature. Fortunately, there are time-tested actions that you can follow including these three listed in a recent Harvard Business Review "Management Tip of the Day.". MORE
Manager or director? Titles communicate level of responsibility over a work function, so the process by which such labels are determined is important to compensation professionals. Manager versus director is a frequently encountered challenge. The category distinctions that permit differences to be clearly and consistently defined between manager and director as a title are many and varied. The Accounting Manager, on the other hand, controls the whole thing. MORE
HRIS Platforms: Some human resources information systems or performance management systems provide an add-on employee survey tool. They are typically purposed as a tool for managers to stay in touch with employee sentiment real-time. MORE
As we mature, the types of comparisons we make change, but we're still making comparisons: who earns more money, who performs better in the job, and so on. In the workplace, these comparisons become formalized through the organization's performance evaluation system. MORE
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. Skipping compensation communications because it's the "soft stuff?" MORE
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. MORE
Likewise, consumers will also continue to benefit from the ability to better understand and quantify their true needs and to make appropriate comparisons of available products and services, in order to make optimal buying decisions. . Human Capital Management – The Decision Analytics Goldmine. MORE
Reflektive
NOVEMBER 3, 2017
After countless hours of research, you’ve finally come to the conclusion that your organization needs to implement a performance management system. Now, you might be tempted to stick with your HRIS’s performance management module, but here’s why you should consider otherwise.
ReviewSNAP
FEBRUARY 3, 2017
This sentiment isn’t lost on performance management programs , where only 8% of companies think their appraisal process provides value to the organization and/or employee. . PERFORMANCE MANAGEMENT PAST. PERFORMANCE MANAGEMENT PRESENT AND FUTURE.
HR Times
MARCH 28, 2017
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.
Compensation Cafe
JUNE 6, 2016
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.
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Compensation Cafe
APRIL 19, 2017
Updating compensation practices or redesigning a plan? Why ask managers and employees about how they understand pay for performance, when you're not planning to change the performance management process any time soon?
HRsoft
AUGUST 1, 2016
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. The post Talent Management System Comparison Shopping?
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Compensation Cafe
FEBRUARY 22, 2019
Likewise, consumers will also continue to benefit from the ability to better understand and quantify their true needs and to make appropriate comparisons of available products and services, in order to make optimal buying decisions. . Human Capital Management – The Decision Analytics Goldmine.
Bersin with Deloitte
FEBRUARY 2, 2018
Total Rewards leaders (Compensation & Benefits) are increasingly pressured from both inside and outside the modern organization. De-linking pay and performance? The reinvention of performance management is a well-published and discussed topic.
Compensation Cafe
JUNE 1, 2017
We compensation professionals have been slow to face the implications of how entitlement attitudes affect reward management practices. Put into a compensation framework, is everyone entitled to a raise?
HR Times
FEBRUARY 2, 2018
Total Rewards leaders (Compensation & Benefits) are increasingly pressured from both inside and outside the modern organization. De-linking pay and performance? The reinvention of performance management is a well-published and discussed topic.
RecognizeThis!
DECEMBER 6, 2016
Although the gig economy is still relatively small in comparison to the traditional economy (approximately 8% or so), the dynamics of gig work could end up having a large impact on the ongoing evolution of the employer-employee relationship. By Derek Irvine. Recognize This!
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Compensation Cafe
APRIL 21, 2016
For Management : Why ask for prior pay history in the recruiting process? Strong prejudice emerges against anyone paid outside the income band acceptable to the hiring manager.
Compensation Cafe
FEBRUARY 12, 2015
In fact, most experienced compensation professional are able to craft apparently objective survey comparisons to produce any number they want; that is one of the reasons compensation is as much art as science.
Compensation Cafe
SEPTEMBER 28, 2017
By that I mean, if everyone in the company is going to compare themselves with the median pay profile, many are going to feel some type of a negative comparison. What would their managers say if you asked them that question?
Compensation Cafe
OCTOBER 10, 2017
During the last couple of years, I’ve had the opportunity to host executive forums with CHROs, EVPs, and other senior leaders looking to evolve (and sometimes revolutionize) the foundations of HR – compensation structures, performance processes, and more.
Compensation Cafe
JULY 20, 2018
As we mature, the types of comparisons we make change, but we're still making comparisons: who earns more money, who performs better in the job, and so on. In the workplace, these comparisons become formalized through the organization's performance evaluation system.
HRsoft
MARCH 17, 2016
One solution is human resource management software. Now, however, there are three critical functions for which HR is responsible, and thus, which your HR or talent management software should encompass (source: SoftwareAdvice ): Core HR. Workforce Management.
HRExecutive
AUGUST 28, 2018
” Taking a quick spin on the Blind public site —which displays limited posts—one can find several categories, some personal (managing money, food and travel) and many focused on work- and workplace-related issues (office life, women in tech, compensation, career).
Capterra
OCTOBER 10, 2018
If you’re a small or midsize business (SMB) that does annual performance reviews, I have some terrible news. Annual performance reviews are dead. A staple of performance management since the 1950s, gone forever. Jump to: What should stay: Performance ratings.
Compensation Cafe
JANUARY 10, 2018
Another compensation story hit the global media today. 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.
Compensation Cafe
JANUARY 20, 2016
Compensation professionals love to cite “the open market,” while being less eager to admit that every market is different. The reasons may be seem obscure to outsiders, but they are clear to those who follow the arcane practices of the wage and salary management field.
Compensation Cafe
SEPTEMBER 14, 2018
I was recently at a meeting at the White House Complex where I listened to a senior Federal executive bemoan Federal executive compensation. In his argument, he did not seem to recognize that he was comparing total compensation with salary.
SuccessFactors
JANUARY 11, 2018
In recent times, many companies euphorically and rather media-effectively jumped on the bandwagon of abolishing performance ratings. Most, however, were still trying to hang onto their legacy pay-for-performance concepts based on individual objectives.
Compensation Cafe
DECEMBER 7, 2016
Much as we like to believe that our compensation processes are objective, even numbers have a way of being influenced by human nature. Fortunately, there are time-tested actions that you can follow including these three listed in a recent Harvard Business Review "Management Tip of the Day.".
Workday
MAY 4, 2017
HR today is far from where it was decades ago when traditional performance management practices were first introduced. As a result, companies are moving past annual performance reviews and employee rankings. This brings us to our ongoing work at Workday, where we recently piloted a new performance approach. I’ve worked along with our product team to build new features into Workday Human Capital Management to support the Five Factors. Measuring Performance.
Compensation Cafe
MARCH 20, 2018
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. Create an FAQ on compensation surveys and share it.
Compensation Cafe
DECEMBER 14, 2018
In a David Letterman-esque Brush with Greatness moment, I was pleasantly surprised to see that the theory was from the same Georgetown University professor who taught my Change Management Advanced Practitioner cohort, Brooks Holtom. .
SuccessFactors
FEBRUARY 6, 2017
Perhaps you have heard the following concept in a conversation about performance management, ratings, and the subsequent compensation decisions: “When compared externally , we’re a superior company.
Compensation Cafe
APRIL 27, 2017
Not only is the famous battle for talent waging outside your company's ramparts, but a large chunk of the people you want to recruit think career opportunities and inspiring business goals are higher priorities than compensation when choosing a new employer.
Compensation Cafe
APRIL 12, 2016
If reality is not matching theory, I would expect all sorts of ivory tower eggheads with advanced degrees in labor economics would have spoken up to enlighten us mere compensation practitioners stuck in the mud of ground-level reality.
EmployeeConnect
SEPTEMBER 20, 2016
This list of HR Key Performance Indicators (KPIs) and metrics contains certainly enough to help you fuel your HR dashboard for the next few months if not longer. Performance #8. Supervision rate: the number of employees that a manager has to supervise.
15Five
NOVEMBER 29, 2018
To get you started, we’ve compiled a comprehensive HR Buyer’s Guide to help you search for and select continuous performance management software that fits your company philosophy and specific needs. Employee Compensation and promotion. Annual performance review alternative.
Compensation Cafe
AUGUST 1, 2016
That would be terrible news to the insecure managers unwilling to offer thoughtful justifications for HR practices. The status quo dependence on comparisons between organizations that are never precisely identical has disturbing elements. Perhaps surveys should be prohibited.
Compensation Cafe
MAY 18, 2017
Manager or director? Titles communicate level of responsibility over a work function, so the process by which such labels are determined is important to compensation professionals. Manager versus director is a frequently encountered challenge. The category distinctions that permit differences to be clearly and consistently defined between manager and director as a title are many and varied. The Accounting Manager, on the other hand, controls the whole thing.
Compensation Cafe
MARCH 9, 2016
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. Skipping compensation communications because it's the "soft stuff?"
Compensation Cafe
APRIL 20, 2016
Yet many of my nonprofit compensation clients have invited me to Total Reward discussions because they feel that they could be doing better in a number of employment areas. Are you acting like everything you do in compensation is communication?
Decision-Wise
JUNE 28, 2016
HRIS Platforms: Some human resources information systems or performance management systems provide an add-on employee survey tool. They are typically purposed as a tool for managers to stay in touch with employee sentiment real-time.
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