Compensation Managers Need to Manage

Compensation Cafe

I once supervised a strong performing technical compensation analyst who was eager to work his way into a management role. A long time ago, when I was a Compensation Analyst myself, I worked on a lot of spreadsheets and job evaluations.

Fundamentals of Executive Compensation

Decusoft

Are you new to the world of executive compensation? Do you want to make sure you have the foundational skills you’ll need to create executive compensation programs that will help you cultivate, inspire, and keep the talent you’ll need to meet your company’s goals?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Winning the Compensation Triathlon

Compensation Cafe

Watching a few of these events (appropriately sped up) reminded me of the power of a compensation philosophy. The best compensation philosophy, supported by the best designed and executed programs, will often lose to stronger messaging and understanding.

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.

Adapting, Evolving and Staying Competitive in a Disrupted Economy

COVID-19 continues to shape the way we live and work. Organizational success depends on workforce wellbeing, and employee needs are varied and constantly changing. It’s clear that a more flexible and strategic approach to total compensation is required to create a better path forward. The 2021 Q1 Gallagher Better WorksSM Insights Report: The Path Forward explores and how employers can balance workforce expectations against organizational goals. Discover how you can review and implement new technologies, develop updated and forward-looking strategies, and evolve your employee value proposition to create a more engaged and resilient workforce.

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. Employee Retention Talent Attraction Compensation Talent Lifecylce Compensation Management Yet, all of these processes are incredibly disjointed.

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.

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.

Compensation Package: A Guide For HR

Digital HR Tech

Offering an appealing and generous compensation package is an important part of your employee value proposition. To stand out from other organizations, what should your compensation package include and how do you go about assembling one? Contents What is a compensation package?

The Origin of the Executive Compensation Industry.

The HR Capitalist

General Motors had hired Patton to do a study of executive compensation, and he did so by surveying 37 major companies. Communications Compensation Innovation

Tech Talent Ranks the Most Innovative Companies They'd Love to Work for and Why

Hired surveyed more than 4,000 tech workers to find out which companies rank as their most desirable employers and how other organizations can compete for their attention. Download this report to learn what tech talent values most in a potential employer and how to improve your employer brand.

SPAC Attack – 5 Critical Equity Compensation Issues

Compensation Cafe

In my next few posts, I want to drill into some key considerations for compensation and HR professionals. Since I started my career working with equity compensation plans, it seems right that it's where I will also start this series of posts. SPACs are going to be here for a while.

Cafe Classic: How is Compensation Like Dating

Compensation Cafe

Editor's Note: How is your compensation program's relationship with your employees going. In her Classic post, Margaret O'Hanlon shows us how to rethink this relationship by considering how employee compensation is a lot like dating.

Compose Compensation Demo from 3.11

Decusoft

The post Compose Compensation Demo from 3.11 View the recording: ? ? ?. appeared first on DecuSoft. Webinars

2021 Southeast Asia Tech Talent Compensation Report

Glints

and China are expanding in Southeast Asia, best compensation levels are increasing. Glints and Monk’s Hills Ventures (MHV) have partnered to launch The Southeast Asia Tech Talent Compensation report. Keynote 2: In terms of compensation, cash is king—but it might not be for long.

Compensation Dictionary

We’ve compiled a list of fundamental compensation terms and why they’re important to know. Think of this as your comp cheat sheet—terms you need to know to put you on the fast track to becoming that cool comp kid we know you can be. Sure, you’ve heard some of the terms before, but you have no idea what they mean. Not to worry! Download this eBook and you’ll be ‘comp’letely fluent in no time.

Choosing a Compensation Management Solution

Decusoft

Choosing a compensation management vendor can be extraordinarily challenging. This DecuSoft guide will help you identify the best way to find, evaluate, and select a compensation management solution that can simplify and improve your comp management process.

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. With 52% of employers ranking hiring and retaining talent at the top of their business challenges, it is vital to get compensation right. Talent Lifecycle Compensation

Compensation Surveys: Are They Necessary?

Astron Solutions

Finding the fairest and most motivating compensation for your team members is one of the most important jobs for HR leaders like you. A popular method of evaluating a fair employee compensation strategy is to refer to a valid compensation (or salary) survey. Compensation

New Jersey Compensation Association Webinar

Decusoft

Addressing Compensation & Benefit Challenges – Effective Uses of Nonqualified Plans. Nullifying competitive compensation disadvantages. Avoid losing corporate compensation tax deductions due to 162(m).

Small Business Compensation Trends for 2018

We’ve developed a special edition of PayScale’s 2018 Compensation Best Practices Report (CBPR) specifically for small businesses. It covers everything from base and variable pay practices to competitive jobs, retention concerns and mergers & acquisitions.

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. Being more forthcoming with our employees – and not just on compensation practices – will help us win the War for Talent. Ben Eubanks China Gorman Compensation Data Point Tuesday Lighthouse Research and Advisory salary.com transparency

Compensation Communication Tools for Managers

Compensation Cafe

Take a look: Reinforce that the compensation study has confirmed that our compensation is competitive, and the new compensation plan practices are common in companies of our size, client relationships and sales objectives. Careers Compensation Communication

Compensation Management Software – The Key to Strategic Compensation Planning

HRsoft

Where Do Compensation Management Systems Fit Within Your Company? A compensation software solution can reduce the tedious labor of personnel-driven analysis, tracking and planning out of the process. Compensation Software – A Building Block in Achieving Business Goals.

What We Wish Everyone Knew About Compensation Management!

Keka HR Blog

Companies must go beyond manual pay planning to explore the value of using compensation management software. In this post, we will take a deep look at the many moving pieces of the compensation strategy while analyzing whether companies should make use of a compensation solution and why.

The 2019 PayScale Wage Index

No matter your industry, it's crucial that you stay up to date on the current compensation trends. The PayScale Index will let you do just that - it tracks quarterly changes in total cash compensation for full-time, private industry employees in 19 job categories. Get the report today, and start taking advantage of these crucial insights.

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.

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. So, that $30,000 salary might be more in the realm of $44,000+ in total costs to the organization. As the highest and most impactful expense in business, it’s vital for leaders to have a true understanding of the real price tag on your workforce.

Overlooked Fundamentals of Compensation Strategy

Compensation Cafe

Not a great foundation for a compensation practice! A former Board member for the Bay Area Compensation Association (BACA), Margaret coauthored the popular eBook, Everything You Do (in Compensation) Is Communications, a toolkit that all practitioners can find at everythingiscommunication.com.

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.

Small Business Guide to Comp Benchmarking

To compete in today’s market, you must know what the market pays for certain skills so you can develop fair and competitive offers. Understanding the market, then determining guidelines for pay isn’t just a nice to have for today’s talent, it’s a must have.

Compensation Challenges for Family Businesses

Astron Solutions

Since employees are often related to each other, developing and maintaining fair & appropriate compensation plans can be difficult. In this Astronology® , we will review some compensation challenges that family-owned businesses face. Deferred compensation plans.

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 EmploymentPeople of all ages and from all generations spend their days working. From the very beginning stages of a career to the golden days nearing retirement, (most) people work for a living. They may work the same, but they’re at different steps in their lives.

How to Budget Compensation Communications

Compensation Cafe

A former Board member for the Bay Area Compensation Association (BACA), Margaret coauthored the popular eBook, Everything You Do (in Compensation) Is Communications, a toolkit that all practitioners can find at everythingiscommunication.com. Compensation Communication

2021 Compensation Budgeting Forecast Part 3: Trends in Nonprofit Executive Compensation

Astron Solutions

As we plan for 2021, we need to consider COVID-19’s impact on 2020 compensation decisions for nonprofit executives. For the most part, nonprofit executive compensation came to a halt. Many organizations froze, or in some cases reduced, current compensation levels.

Charting Your Course Through Changing Regulations

Speaker: Bonnie Treichel, Senior Consultant & CCO, Multnomah Group

The world of work is changing. Today it is easier than ever to have employees in multiple cities across several states. Multistate offices used to be reserved for very large employers, but with today’s technology, even smaller employers can embrace this game changer. For employers, the multistate workforce allows the opportunity to cast a broader net to attract the best and brightest talent to the workplace. At the same time, it comes with challenges, including compliance with a variety of rules and regulations across different states and municipalities – some of which may conflict with federal law – and failure to comply could be quite costly.

Compensation Packages That Drive Executive Performance

Professional Alternatives

It’s possible to inspire your executives to deliver excellent results, by ensuring that their compensation packages are properly aligned with the company’s strategy. Tips for Designing Compensation Packages.