Cafe Classic: Rethinking Compensation Training

Compensation Cafe

Editor's Note: Is your manager training on compensation failing to get the job done? The inadequacy or ineffectiveness of manager training is a concern for most of us -- and if it's not, it probably should be. I'm not talking about training evaluations, that's not worth our time.

Workplace Violence Training: Why Your Organization Needs to Do It

HR Bartender

Organizations need to consider addressing this issue through training. workplaces have no formal program covering workplace violence; and only 4 percent of workplaces actually provide workplace violence-related training according to the U.S.

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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.”

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.

Tough Comp Conversations: A Guide For Doing Them Right

Speaker: Rusty Lindquist, VP Strategic HR Insights at Bamboo HR

Compensation can be tricky, few things carry as much emotional weight as comp. We’ll take an analytic look at comp’s role in the employee experience, and then we’ll get really tactical with guidance on very specific compensation conversations.

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.

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.”.

3 Tips for Compensation Communication

HRsoft

From paid time off to tuition reimbursement, compensation goes far beyond base pay alone. Communicating compensation is essential to helping them see a complete overview of how they’re rewarded. Establish a Compensation Philosophy.

Do Your Employees Understand Their Compensation Definition?

HRsoft

The ability to understand your company’s compensation definition, or the way pay is calculated, is important for employee satisfaction. The Modern Compensation Definition. Today, employers are becoming increasingly creative in the ways in which they compensate employees.

The Primary Goals of Compensation Management

HRsoft

For compensation professionals, the goals of designing and administering pay programs can get muddled over time. Every now and then, it can be helpful to step away from the day-to-day processes surrounding compensation management to revisit its overarching goals.

Communicating Pay to Employees

Speaker: Rusty Lindquist, VP Strategic HR Insights at Bamboo HR

How you can train your managers to have useful compensation conversations. A study conducted by PayScale revealed that employees’ perceptions of how they are paid are a better predictor of their intent to stay than their actual fair pay to the market.

Become a Gold-Medal Compensation Expert: Train at Compference

Compensation Today

As HR and Compensation professionals, our professional development budgets are often the first to get cut, but if I’ve learned anything these past nail-biting days, it’s that training matters. Compference16 is the next step to winning gold in Compensation!

7 Compensation Resolutions for 2017

Compensation Today

These notions of resolving are ones that I think are both difficult and necessary, especially in the field of HR and compensation in particular. Without further ado, Compensation Resolutions 2017: seven ways to start the new year right! 1: Develop Regular Compensation Reporting.

Nonprofit Employee Compensation: Understanding the Essentials

Astron Solutions

Strategic employee compensation is an essential ingredient of success for any organization. Compensation strategies should lay foundations for sustainable growth by encouraging employee retention and long-term engagement. Modern approaches to nonprofit employee compensation.

Compensation Dentistry – The Tooth Fairy Years (part 2)

Compensation Cafe

These things are usually correctable, but it often requires hiring a trained specialist. He has three metaphors for every occasion and is a leading expert on incentive plan and equity compensation issues. Baby Teeth, Why care?

People, HR & Analytics

Speaker: Rodney B. Bolton SPHR, CEO, HR BIZZ

Establish effective training and career development paths for all employees.

Cafe Classic: Sales Compensation 101

Compensation Cafe

Editor's Note: A poorly crafted, implemented and/or communicated sales compensation program can really create problems. Here with some Classic words of wisdom on how to avoid trouble and position for success in sales compensation is Chuck Csizmar. Sales Compensation

3 Employee Compensation Changes to Consider Making in Your Company

HRsoft

While factors such as organizational culture and values do play an important part in the modern worker’s decision to stay with a company, employee compensation will always be one of the leading factors on which career decisions are made.

Top Five Compensation Trends from 2016

Compensation Today

What trends have impacted compensation the most? In the spirit of the coming new year, let’s count the top five 2016 compensation trends! Count down the top #compensation trends of 2016! Gone are the days where companies compensate with just base pay.

Why You Should Share Total Compensation Statements With Your Employees

Compensation Today

Last month when PayScale published the 2017 Compensation Best Practices Report (CBPR), research showed that 40 percent of all organizations provide total compensation statements. What Is a Total Compensation Statement? Learn More About Our Compensation Software.

Why All the AI Research You’re Reading is Dead Wrong

Speaker: Ben Eubanks, SPHR, SHRM-SCP, Principal Analyst at Lighthouse Research & Advisory

While we may be “people” professionals, it is part of our job to understand AI and how this technology can enable us to make smarter decisions and develop more efficient processes. Join Lighthouse Research & Advisory Principal Analyst Ben Eubanks where he will discuss how AI can be used for HR and recruiting processes, including how to create more human interactions and engagement through the strategic application of technology.

Washington policy update: January 2019 Benefits and Compensation Bulletin

Bersin with Deloitte

Here’s a quick roundup of recent legislative and regulatory developments relating to employee benefits and compensation. In addition, TE/GE has invested in training, supporting, and providing employees with the appropriate skills, resources, and knowledge for use in their roles.

5 Simple But Powerful Compensation Management Principles 

HRsoft

Compensation management is inherently complex, but the ways in which we approach it don’t have to be complicated. While you may be familiar with many of the following principles, revisiting them can help reframe your compensation priorities and practices. 4 Train Managers.

Communicating Compensation: Who Should Say What When

Compensation Today

Everyone in the organization has a role in the compensation conversation, but the timing is different for each job function. HR’s role is to get the program ready, continue communicating updates to the executive team and train the management team. Compensation plan information.

Hiring a Compensation Consultant: 7 Steps for Nonprofits

Astron Solutions

Your nonprofit organization might find that it needs some outside guidance around compensation for any number of reasons. For these organizations, hiring a nonprofit compensation consultant is the best choice. Nonprofit compensation consulting services FAQ. Compensation

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.

Cafe Classic: Re-Thinking Compensation At Professional Services Firms

Compensation Cafe

Editor's Note: As pay transparency and equity concerns draw ever more attention, it's interesting to revisit Stephanie Thomas's Classic post about black-box models of compensation and their fit, to the unique world of professional service firm partnerships or.

To Train or Not to Train: Analyzing Performance Problems

AvilarHR

When an employee does something wrong in their job, a common reaction is to provide training as the solution. However, believing that training can solve all behavior and performance problems can set an organization on the wrong path.

How to reduce workers’ compensation costs: 3 proven strategies

Insperity

Are you struggling with how to reduce workers’ compensation costs for your business? If not, do you understand the sizeable risk that workers’ compensation claims pose to your business, and do you have a plan in place for when these claims arise? You’re probably well-aware of the direct costs you pay in workers’ compensation insurance premiums, but you may not have considered the indirect costs of on-the-job accidents and injuries. Benefits and compensation

The Controversy of Executive Compensation

Astron Solutions

million in compensation during 2016, or “271 times more than the annual average pay of the typical worker.” One particular aspect is the Securities and Exchange Commission’s (SEC) proposed mandated “compensation actually paid” (CAP). Compensation CEO Pay Executive Compensation

3 Types of Compensation Packages To Consider and Why

Achievers

Most of us receive a paycheck, so it’s easy to assume compensation packages are pretty black and white. Determining the right compensation package. Generally, when compensation is being negotiated, the employee sees whatever plan the employer has historically applied to that position.

Want a Better Culture? Set Compensation Strategy Accordingly

Compensation Today

Compensation should be a reflection of and an extension of your culture. In PayScale’s 2017 Compensation Best Practices Report (CBPR), we found that 57 percent of organizations agree that compensation is becoming more important to their executives.

The Death Spiral of Your Compensation Programs

Compensation Cafe

Have you ever asked yourself, how effective are the Compensation programs in your organization? Would you know when trouble is brewing, when the death spiral has begun for those compensation programs? Check your compensation metrics to see what’s working and what isn’t.

What Workers Value: Training Gains On Compensation In Importance

Forbes Leadership Strategy

At a time when employee retention is the biggest concern of employers, money alone won’t motivate employees or win their loyalty

Good Reasons to Share Compensation Information with Employees

Astron Solutions

As we read through the many anonymous responses, we tend to see similar answers when it comes to the question of compensation, including: “My pay is too low,”. “I the influence of current fiscal realities on the ability to fund compensation programs.

5 Goals to Remember During the Compensation Management Process

HRsoft

With so many requirements to satisfy throughout the compensation management process, it’s easy to lose sight of the true purpose of compensation. For in-demand talent and top contributors, however, it may be worthwhile to consider how you can incentivize loyalty through compensation.

40+ Free HR Training Sources: Case Studies, Podcasts, and More

UpstartHR

Specifically he was trying to learn compensation when he didn’t have a background/foundation in the topic. What sort of training or education did you have that prepared you for this job? Payscale sells compensation data and tools to businesses.