Globoforce Takes On #HRTechConf

WorkHuman

In fact, a few of my Globoforce colleagues are en route as I type. In the expo hall, follow the Globoforce floor decals to booth #1253, where we’ll have all your favorite candy stocked. Plus there will be tons of people from Globoforce on hand to answer any questions you may have or walk you through a demo. Neal Bruce, Globoforce’s VP of Product Marketing, is scheduled to conduct a demo of our product on Sunday at 5:45 p.m.

With Globoforce on Social Recognition

Strategic HCM

I’ve just been attending an event with Globoforce and the Conference Board on social recognition. I’ve been a long supporter of Globoforce’s work on recognition, eg this webinar we did together, and also my support for their book – see this endorsement (which I still support) printed at the start of this: “Recognition is a hugely underused and badly misused HR and management tools. Globoforce’s Mood Tracker suggests that ‘only’ 38% of (N American?)

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Compensation Cafe: Why Friends at Work Matter

RecognizeThis!

I couldn’t say everything I wanted to about the importance of friends at work in my post on this blog last week , so I continued the theme today on the Compensation Cafe blog. This latest post looks at several recent surveys (from LinkedIn, HRZone in the UK, and Globoforce) showing how friendships and deep relationships at work that drive key business factors – productivity, retention and wellness. by Derek Irvine. Recognize This!

Cafe Classic: 3 Steps to Get Even More Value Out of Compensation

Compensation Cafe

Why does compensation matter? Yes, compensation is a contractual agreement with the employee: X amount of pay for Y amount of work. But it can (and should) be so much more – especially when we think of compensation in the broadest of terms as inclusive of the Total Rewards package.

Superpower-based Compensation

Compensation Cafe

One of the interesting implications, highlighted in a recent interview that Tony Hsieh gave at Wharton’s 2016 People Analytic conference, is for the topic of compensation. What determines compensation when the foundation of the organization is so fluid? As Tony describes it in the interview, “individuals could earn various ‘superpowers’ or badges which would represent the potential they bring to the organization and upon which their compensation would be based.”.

How Much Compensation Does it Take to Make Appreciation Unnecessary?

Compensation Cafe

Thanks to this article by Nestor Ramos and this one by Nicole Yang, both from The Boston Globe, I’m now also familiar with Brady’s compensation ($41 million in NFL contracts alone) and his sense of feeling underappreciated. Ramos’ article quotes Alison Green, author of the Ask A Manager blog, on why this phenomenon plays out, even among the highly visible and highly compensated: “I don’t think everyone feels underappreciated, but it’s true that many people do. Our U.S.

3 Ideas to Get More Bang for Your Compensation Buck

Compensation Cafe

Stretching the compensation dollar isn’t always about cutting back. To get more from your compensation investment, consider these three approaches. As Globoforce’s Vice President of Client Strategy and Consulting, Derek Irvine is an internationally minded management professional with over 20 years of experience helping global companies set a higher ambition for global strategic employee recognition , leading workshops, strategy meetings and industry sessions around the world.

Cafe Classic: Choosing the Right Currency for Compensation & Rewards

Compensation Cafe

But the bottom-line we must all remember is this: Cash is the currency of compensation. Compensation and Recognition Rewards Are Different. Sounds like a compensation program to me.”. It’s compensation. Sure, commission is a common compensation structure for sales reps, but it’s clearly defined as compensation – not rewards. Editor's Note: Cash is king, goes the old saying. Is it really true? Derek Irvine goes after this Classic assumption head on. .

2 Unusual Markers for Compensation Planning: Focus and Relationships

Compensation Cafe

How does any of this relate to compensation? Except for a person’s childhood, all of those attributes play into the compensation decisions we make every day for new hires and tenured employees, alike. Gaining wisdom on the very human elements of good hiring and management practices nearly always boils down to good compensation practice. What key compensation or leadership lessons have you learned during your career? Compensation Philosophy

What’s the Point? Decoupling Performance Reviews and Compensation

Compensation Cafe

While I enjoy blogging here on the Compensation Café , my primary (selfish) benefit of doing so is the tremendous amount I learn every day from my fellow bloggers and readers who regularly share deeply insightful and thoughtful learnings, lessons and applications in the broad field of compensation. Today, I’d like to tap into your collective knowledge on the subject of performance and compensation. Compensation Philosophy Performance Management Recognition

4 Reasons to Consider Crowdsourced Compensation

Compensation Cafe

Leveraging compensation more effectively is just one area among many within HR that is coming under greater scrutiny and appears ready for transformation. Now, an article in The Economist examines some of the stock-based compensation strategies used by Silicon Valley giants to “hoard” top talent and the negative impact it is having across industries. Reports like these fundamentally challenge how compensation can more effectively drive performance.

The Tricky Business of Incentive Compensation

Compensation Cafe

One solution has been to implement incentive compensation or “pay for performance” plans. Given concerns about the low performance of incentive compensation schemes, though, when and how such incentives truly motivate behavior has remained an open question. Do all managers always take more risks when offered incentive compensation?’”. Where this is possible, one can reasonably expect a high degree of success from incentive compensation.

Cafe Classic: When You Can’t Differentiate Based on Compensation, What Do You Do to Stand Out?

Compensation Cafe

A highly unscientific poll method of asking colleagues and friends about their experience with or recommendations for the annual compensation increase process (by whatever name you want to call it – merit increase, raise, cost-of-living increase) shows deep dissatisfaction with the status quo. It’s clear even companies with the best of intentions for compensation cannot compete for top talent based on pay alone. Anyone can copy your compensation plan.

Asked and Answered * Decoupling Performance Reviews and Compensation

Compensation Cafe

In my last post , I tackled the topic of decoupling the traditional formal performance review from compensation, asking why we hold onto old systems we are fairly confident do not work. I expect deep, provocative and insightful thinking from the readers of this blog – and you do not disappoint. I asked for your opinion, your experience, your knowledge. You certainly came through in the comments, making it clear to me this conversation is not anywhere near over.

Meaningful Work Tops Company Culture, Compensation, and Perks as Workers’ #1 Must-Have in New Global Employee Survey

WorkHuman

One of the survey’s most important findings is that workers across all age groups rank meaningful work as the most important aspect of their career, beating out positive company culture, compensation and perks, a supportive manager, and a fun team. Younger employees (ages 18-24) are more likely to rank a supportive manager as the second most important aspect of their career, while workers 35 and older are more likely to rank compensation and perks second to meaningful work.

‘Compensation is a Commodity’

WorkHuman

Compensation is a commodity,” Erica argues. Sarah is managing editor at Globoforce. By Sarah Payne —. This week on WorkHuman Radio we interview WorkHuman 2019 ( register here! speaker and best-selling author Erica Keswin. Her new book, “ Bring Your Human to Work ,” is packed full of tips for designing a workplace that’s good for people and great for business.

Putting the Human Back in HR….and Our Workplaces #WorkHuman

Women of HR

Yes there are policies and guidelines that need to be in place, at least in most workplaces, mostly to ensure that we are legally compliant, that our workplaces are safe and harassment free, and that there are standards in place for fair compensation. WorkHuman is a concept started by the folks at recognition software company Globoforce , and it’s an idea that they are “all-in” passionate about.

Cafe Classic: Is Pay a Critical Part of Culture or Not?

Compensation Cafe

Base Salaries Compensation Communication Compensation Philosophy Incentives/Bonuses Pay for Performance Performance Management Recognition

Cafe Classic: Tradition! How to Derive Great Value from Your Company’s Historical Lore

Compensation Cafe

These traditions are as powerful as any compensation, recognition or retention strategy. Compensation Philosophy Total RewardsEditor's Note: Irishman Derek Irvine shares a Classic lesson on what St.

Cafe Classic: Empowerment is Great, But Make Sure You Have These Things First

Compensation Cafe

Compensation Communication Incentives/Bonuses Pay for Performance RecognitionEditor's Note: Employee empowerment can be powerful and positive, but only if you have the right "scaffolding" in place to support the success of those empowered employees.

A New Employee Benefit: Social Justice PTO

HR Bartender

At this year’s WorkHuman Conference , pioneered by Globoforce, I learned about a new employee benefit called social justice PTO. Business and Customers Recruiting and Retention Compensation and Benefits Social Justice PTOWe’re familiar with the concept of PTO (paid time off). Instead of employees having vacation days, sick days, etc., they have one bank of time to use as they choose. Social justice PTO is paid time off but for social issues, like protests or marches.

Cafe Classic: 3 Lessons for Truly Global Employee Recognition & Rewards Programs

Compensation Cafe

This post is inspired by Jim Brennan’s “Travel, Currency Issues and Compensation” post last week. This is a very broad example of unintended consequences from artificially controlling currency, but there are lessons we can learn about globalization of programs, especially those that impact compensation, recognition and rewards. 1) Recognition and rewards are not compensation. Recognition (and any related rewards) are always the icing on the cake of compensation.

Driving Employee Engagement Requires Baseline of Competitive, Fair Pay

Compensation Cafe

Interestingly, Bersin took the time to explain why this model does not include what we all know is a very important element of employee satisfaction – compensation. The refreshed model for engagement doesn’t include compensation because compensation is a “hygiene factor” necessary for satisfaction, but not deeper engagement. Compensation must be fair and appropriate or people will leave. Compensation Philosophy Recognition

Cafe Classic: 3 Reasons Valentine’s Day (and Poorly Designed Employee Rewards) Often Goes Badly

Compensation Cafe

Compensation Philosophy RecognitionEditor's Note: What can this holiday of love and appreciation teach us about doing rewards right? A lot, as it turns out! I give you Derek Irvine with some great insights and tips! Hey, maybe they'll even help you spend this special day more successfully!).

Solving Pay Differentials between Executives and Staff; Men and Women

Compensation Cafe

d like to hear from the compensation experts. As Globoforce’s Vice President of Client Strategy and Consulting, Derek Irvine is an internationally minded management professional with over 20 years of experience helping global companies set a higher ambition for global strategic employee recognition , leading workshops, strategy meetings and industry sessions around the world. Compensation Philosophy Executive Compensation

When “Show Me the Money” Can Work in Your Favor

Compensation Cafe

What’s one of the least appreciated phrases for compensation professionals? As Globoforce’s Vice President of Client Strategy and Consulting, Derek Irvine is an internationally minded management professional with over 20 years of experience helping global companies set a higher ambition for global strategic employee recognition , leading workshops, strategy meetings and industry sessions around the world. Compensation Philosophy

Relational Rewards for Transactional Employees

Compensation Cafe

New and increasing challenges (and commensurate compensation) – Don’t give employees a chance to get bored. As Globoforce’s Vice President of Client Strategy and Consulting, Derek Irvine is an internationally minded management professional with over 20 years of experience helping global companies set a higher ambition for global strategic employee recognition , leading workshops, strategy meetings and industry sessions around the world.

Inspiring Generosity through Reciprocity at Work

Compensation Cafe

Crowdsourcing a portion of compensation through social recognition is an excellent example of how this works. As Globoforce’s Vice President of Client Strategy and Consulting, Derek Irvine is an internationally minded management professional with over 20 years of experience helping global companies set a higher ambition for global strategic employee recognition , leading workshops, strategy meetings and industry sessions around the world. Compensation Philosophy Recognition

Why We Work

Compensation Cafe

What does that mean for compensation pros? As Globoforce’s Vice President of Client Strategy and Consulting, Derek Irvine is an internationally minded management professional with over 20 years of experience helping global companies set a higher ambition for global strategic employee recognition , leading workshops, strategy meetings and industry sessions around the world. Compensation Philosophy Total RewardsWhy do we work?

Cafe Classic: Influencer Networks - A Hidden Key to Recognition Program Success

Compensation Cafe

Editor's Note: We sometimes get fuzzy the difference between recognition and compensation as implements in our rewards toolbox. I know readers of Compensation Cafe know this, but let me state the obvious – compensation and recognition are very different.

A Paycheck Is Not Recognition for a Job Well Done

Compensation Cafe

But used together in a balanced way, compensation and recognition achieve goals for employee satisfaction, engagement, productivity, performance and retention. Psychologically healthy employees require appropriate compensation and praise for their efforts. Compensation Philosophy Recognition One statement sure to raise my ire when discussing the Power of Thanks in the workplace is: “They get paid to do their job. That’s recognition enough.”. It’s a patently false statement.

The 5th Leading Cause of Death in the U.S. May Surprise You

Compensation Cafe

His research into the impacts and failures of traditional management practices, including pay as the primary means of motivation, has influenced how numerous organizations have rethought compensation practices. Compensation Philosophy Total RewardsI’ve been following the work of Jeffrey Pfeffer, professor of organizational behavior at Stanford University’s Graduate School of Business, for more than a decade.

4 Keys to Leadership According to Jack Welch

Compensation Cafe

As I’ve written several times in Compensation Café, it’s this blend of recognition, opportunity and pay, in appropriate balance, that helps employees want to give their best and helps managers elicit the best from everyone. Compensation Philosophy Incentives/Bonuses Recognition“Neutron Jack” Welch is back in the news.

Is Employee Engagement Moot in Today's High Stress Environments?

Compensation Cafe

Why should employees choose to engage in the organization's greater mission, purpose, and goals and give additional discretionary effort to achieve them if: Compensation is not equal to market rates or is insufficient to cover basic living needs. Appropriate and fair compensation must be the solid foundation upon which further engagement efforts are built. Compensation Philosophy Recognition Total Rewards

Separating Raises from Performance Reviews: But Then What?

Compensation Cafe

Assuming the answer above is affirmative, the next step lies in determining the types of performance information that can and should be used for deciding salary increases and other compensation. Compensation Communication Performance ManagementReading through Inc. earlier this week, an article on why employees hate the performance review caught my eye.

Cafe Classic: Signs Your Employee Recognition Program Is in Trouble

Compensation Cafe

This feeling is reflective of the cultural norm that has developed in the company, and can be influenced by greater cultural norms, such as discussed earlier this month by Compensation Café colleague Stephanie Thomas in a piece on compensation, cultural norms and the gender pay gap. Compensation Café colleague Jim Brennan wrote an excellent piece on Monday, “Who Owns Your Motivation,” in which he makes a strong case that no one can motivate you.

Cafe Classic: Irked Enough to Care

Compensation Cafe

Why am I writing about this in a blog about compensation and recognition? Editor's Note: In this Classic post, a favorite of mine, Derek Irvine challenges us to see the difference between two types of "problem" employees and to realize the potential value of some of those squeaky wheels. .

Cafe Classic: Rewarding the Disruptors

Compensation Cafe

As Globoforce’s Vice President of Client Strategy and Consulting, Derek Irvine is an internationally minded management professional with over 20 years of experience helping global companies set a higher ambition for global strategic employee recognition , leading workshops, strategy meetings and industry sessions around the world. Compensation Philosophy Performance Management Recognition

Building Meaningful Recognition in the New Year

CareATC

According to a Globoforce study, “The number one reason most Americans leave their jobs is that they don’t feel appreciated.” Benefits & Compensation Company CultureIf you don’t have a recognition program in place, the new year is a perfect time to start one. While some management staff, or even HR professionals, dismiss recognition and reward programs as merely "feel good" activities, evidence suggests a strong link exists between such programs and improved job performance.

He Who Dies with the Most Toys Wins

Compensation Cafe

What triggered this outburst of philosophy on a compensation-oriented blog? As Globoforce’s Vice President of Client Strategy and Consulting, Derek Irvine is an internationally minded management professional with over 20 years of experience helping global companies set a higher ambition for global strategic employee recognition , leading workshops, strategy meetings and industry sessions around the world. Compensation Philosophy RecognitionHave you heard that aphorism?