Compensation Air Traffic Control

Compensation Cafe

The swirl of tasks and requests can make a compensation professional feel more like they work in air traffic control. Compensation can often seem pedestrian, but in times like this, your job may be similar. Dan is also a leading expert on incentive plans and equity compensation issues.

What COVID means to compensation

HRExecutive

This is the second in a series on compensation during the pandemic. The coronavirus pandemic has upended scores of traditional HR structures: hiring, recruiting, onboarding and compensation. This is the second in a series on compensation during the pandemic.

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Remote Compensation – What About Equity?

Compensation Cafe

So far, we have just scratched the surface of compensating people in the new “remote” world. In this post we open up our Remote Compensation Master Class (it sounds more important that way.) For many, this rule extends to compensation from equity plans.

Why Your Compensation Management is Failing to Attract and Retain

ClearCompany HRM

Compensation – it is so tightly connected with performance management, attraction and retention. Ventana research revealed the top goals for compensation management among the companies they studied are to better align the workforce to strategy and goals while improving efficiency.

Cafe Classic: Compensation in Context

Compensation Cafe

I always thought there was a strong connection between compensation and organizational design. I couldn’t “do” compensation unless I had organization charts. I’m going to tell a story that I hope will make you see a parallel to compensation. . Editor's Note: Context matters.

Compensation Transparency

China Gorman

Transparency in Compensation: Trends and Best Practices , underwritten by salary.com , is a thoughtful and interesting discussion of the impact of different levels of transparency in the workplace – from too little to too much.

A Clear View of the Talent Lifecycle: Compensation [Part 5]

ClearCompany HRM

The average time-to-hire is at a 5 year high, and the skill gap is widening; employers are having a harder time than ever managing the balancing act that is compensation. Talent Lifecycle Compensation

Compensation Singularities

Compensation Cafe

Have you heard of the Compensation Singularity Rule? It turns out the client had applied the Compensation Singularity Rule. As wizened compensation professionals I’m sure that you’ve realized that I am being tongue-in-cheek; you have all likely faced this phenomenon in the past.

Top 3 Compensation Considerations for Employers

ClearCompany HRM

Payroll is commonly the highest business expense, and compensation is far from being a cut and dry number. Compensation There are so many factors that go into calculating the actual cost of each and every employee.

5 Steps For Compensation Across Generations

ClearCompany HRM

As such, compensating the college grad and the executive, and everyone in between means taking on few different steps in the process. Here’s how to distribute employee compensation fairly across the board: Culture Employment

HR TROLLS: Thinking Unemployment on Steroids Means You Have a Compensation Problem.

The HR Capitalist

Compensation Employee Relations RecruitingShort post today, but an important one.

The Compensation Philosophy Conversation

Compensation Cafe

Given the priorities suggested from the above, what should our top objectives for compensation - and/or total rewards - be? At what level should salaries, cash compensation and total rewards be set relative to this competition? To what extent should compensation reflect performance?

Cafe Classic: Sales Compensation – The Perfect Compromise

Compensation Cafe

Editor's Note: Sales compensation plans, when well-designed, reflect a clear understanding of the organizations sales strategy and reality - and a careful balancing act. Compromise, like sales compensation, requires both sides to give up something in order to get what they really want.

Workers’ Compensation Benefits Extended for COVID-19

HRWatchdog

Governor Newsom’s new executive order providing workers’ compensation benefits for workers who contract COVID-19 during the stay-at-home order is retroactive to March 19, 2020. The post Workers’ Compensation Benefits Extended for COVID-19 appeared first on HRWatchdog by James W.

Does Compensation Motivate Employees?

HRsoft

Many employers believe that an excellent compensation package holds the key to employee engagement and motivation. Effects of Compensation on Employees. According to studies, compensation packages have a huge impact on an employees’ level of engagement.

Educating Your Employees About Their Compensation

HR Bartender

I’d like to think if an employee doesn’t understand their compensation, it can be resolved with education. There’s more to compensation than the amount of money in an employee’s paycheck. I once worked for a company that told employees, “We survey employee compensation every year.”

Why the Pay-for-Performance Compensation Strategy Fails

ClearCompany HRM

Tips Strategy Employment Workplace Compensation HR Emplyee RetentionWhen a market leader implements a model , others follow. After seeing how pay-for-performance has worked out at Apple, for example, other companies may want to follow suit.

A Full Guide to Compensation and Benefits

Digital HR Tech

Compensation and benefits refer to the benefits a firm provides to its employees in exchange for their labor. Compensation and benefits are thus a key part of Human Resource Management. In this article, we will provide you with a full guide about compensation and benefits.

Creating a compensation philosophy and policy document

Insperity

When it comes to compensation, it’s good to have a plan – ideally, before you need it. A philosophy that explains why your organization pays the way it does can guide you as you write compensation policies. When should your business write a compensation philosophy and policies?

Planning for an Equity Compensation Pandemic

Compensation Cafe

Your employees may not have the luxury of cashing out their equity compensation. It’s time to prepare for the next equity Compensation Pandemic. Four years ago I wrote about my Equity Compensation Triage Assessment process.

Where's the Fun in our Compensation Jobs?

Compensation Cafe

We really don't spend much time studying the emotions we feel as we practice compensation. Some people find compensation basics boring -- job analysis, job definition, job pricing using surveys and so on.

Rewarding Ambition: Determining Compensation Within Your OKR Process

15Five

One of the most common questions we get asked as leadership team coaches is how Objectives and Key Results (OKRs) should be used to determine salary, compensation, or bonuses. You’ve likely already heard that OKRs should not be tightly coupled with employees evaluation and compensation.

Compensation Dentistry (part 1)

Compensation Cafe

Compensation programs can often be the same. It is the rare compensation professional who gets excited about these impending issues. Just like the fact that most kids don’t grow up wishing to be a dentist, few compensation professionals aspire to be mavens of incentive plans.

Cafe Classic: The Beowulf of Compensation

Compensation Cafe

No compensation plan, philosophy or process is interesting enough to be carried down through 10 years of oral history, much less 1,000 years. We state our goal is to motivate people using equity compensation, but we really only grant to the top people right now.”

New Workers’ Compensation and COVID-19 Guidance

HRWatchdog

The DIR has now provided some guidance, in the form of questions and answers, on the implementation of California’s new worker’s compensation executive order. The post New Workers’ Compensation and COVID-19 Guidance appeared first on HRWatchdog by James W.

Culture and Compensation

China Gorman

PayScale has produced its 8 th annual in-depth report on compensation best practices: Comp is Culture. Even though I’m not an HR professional, much less a compensation professional, I found it fascinating. Especially the impact that compensation practices have on organization culture.

How Compensation Affects Employee Performance

HRsoft

Compensation is the reward given to employees in return for their services rendered and it is often the cornerstone of a productive workforce. The quality and performance of your company’s talent pool is usually directly dependent on how well you execute your compensation planning strategies.

How to handle compensation during uncertain times

Insperity

When businesses go through a crisis resulting in abnormal (or interrupted) operations and significant economic challenges, many companies look to their compensation budgets as an obvious means of cutting costs. Creative compensation strategies for struggling businesses in crisis.

Cafe Classic: Are Your Compensation Plans Mission Critical?

Compensation Cafe

Editor's Note: As we move forward through and (hopefully) beyond the pandemic into a recovering economy, we'd better make sure our compensation plans are on point and mission critical. Compensation Philosophy Executive Compensation Incentives/Bonuses Pay for Performance

Why Compensation Doesn’t Drive Motivation

Reflektive

But will the incentive of a higher salary or compensation bonus improve their work performance? While compensation is a factor in their employee experience, it doesn’t wield as much influence as you may think — a nuance especially important for companies using a pay for performance model. As Monique Valcour wrote in the Harvard Business Review , “How employees work from day to day has a bigger influence on their motivation than their compensation and benefits package.”.

Indirect Compensation

New to HR

While compensation exists to pay a person for their time, the benefits of doing their job, namely the financial ones, will be what attracts them and motivates them to do well for your company. What is Indirect Compensation? The Advantages of Indirect Compensation.

Compensation Wormhole

Compensation Cafe

He is passionately committed to aligning pay with company strategy and culture and considered a leading expert on equity compensation issues. Dan has written several industry resources including a recent Performance-Based Equity Compensation issue brief. Time Travel.

COVID-19 Employee Leave and Compensation

Astron Solutions

Compensation Actions During COVID-19. Recognizing that this is still an evolving situation, Astron Solutions also is running a pulse survey to measure what compensation actions have been taken as of April 2020. How has COVID-19 impacted your organization’s compensation plans for 2020?

Workers’ Compensation Insurance Is Not Optional

HRWatchdog

Not properly maintaining workers’ compensation insurance coverage is costly for employers. The California Labor Commissioner’s Office reminds employers that they must maintain valid workers’ compensation insurance coverage for all workers, including part-time employees.

TP is the New Compensation

Compensation Cafe

James (Jim) Brennan is an independent compensation advisor with extensive total rewards experience in most industries. Toilet paper has floated up into view as a new total reward element. .

The Key Principles of Compensation

HRsoft

For the majority of organizations, the core principles of compensation involve striking a balance between paying in a way that is externally competitive and internally fair. The plan should answer the question: How do we tie in compensation to help the company through this particular stage?

What Are The Compensation Questions Your Managers Should Be Able to Answer?

The HR Capitalist

Communications Compensation Employee Relations Leadership Learning and Development Managing

Sales Compensation Strategy 101

HR Daily Advisor

Setting the compensation strategy for the entire organization is no small task, especially when certain groups may warrant their own separate compensation strategy, as they have differing goals and objectives. Sales compensation strategy 101.

The Definition of Compensation Management

HRsoft

The Definition of Compensation Management: In simple terms, compensation is everything that a company offers its employees in return for their talent and time. The purpose of compensation management is to make the most of company dollars in a way that rewards employees for their work.

Total Compensation Statement Best Practices | benefitexpress

benefitexpress

Total Compensation Statement Best Practices. And while many employees only consider salary when thinking about compensation, we know that it's much more than that. That's where total compensation statements come in. For Employers Total Compensation Statement