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.

Obituary for Equity Compensation

Compensation Cafe

Stock Options, Restricted Stock Units, young Performance Units and their cousin Non-Qualified Deferred compensation tragically died in 2017 as an unintended consequence of colliding with the 429 page U.S. While less well-known, NQDC was a vital component for many of its supporters.

Why Compensation Doesn’t Drive Motivation

Reflektive

But will the incentive of a higher salary or compensation bonus improve their work performance? Well, that’s another story. 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. It includes a number of variables, such as company culture , career development, as well as meaningful and challenging work. Compensation Isn’t Enough.

Are You a Compensation Arsonist?

Compensation Cafe

Short-term incentive plan that doesn’t align well with recent company performance? Pay levels and execution that do not match your compensation philosophy (or vice versa)? The difference will be how well you respond.

Culture and Compensation

China Gorman

PayScale has produced its 8 th annual in-depth report on compensation best practices: Comp is Culture. If you have anything to do with paying people – so, that’s virtually every manager, everywhere – reading this report will be well worth your time.

The Real Cost of Mismanaged Incentives: Wells Fargo

Compensation Cafe

Well, so much for the warm-hearted caffeinated, pick-me-up from the Comp Café. Today is a steaming jolt of quadruple espresso in response to the Wells Fargo incentive pay mess. I answered that if I had been asked a few weeks ago, Wells Fargo would have been on the list.

‘Compensation Is Not Appreciation’

HRE's The Leader Board

Survey respondents also reported high rates of absenteeism (33 percent) and work-family (81 percent), as well as increased mental health and behavioral problems (63 percent).” According to the study, Gallo says, “Staff recognition and praise matters more than compensation, indicating that improving managements’ skills and ability to provide verbal and written support is more meaningful than increasing salaries. ” compensation HR profession recognition

Compensation Transparency: Advice for Getting the Balance Just Right

UpstartHR

This specifically applies to compensation as well. Trends in Transparency : A wide variety of trends have contributed to this increased demand for compensation transparency. If you’re interested in reading and learning more about compensation transparency, be sure to check out our free eBook on the topic underwritten by the great team at Salary.com, where this content was pulled from. General Communication Compensation eBook Lighthouse Research Research

HR Moments Matter: 3 Compensation Challenges Solved With People Analytics

Visier

In this post, Allison talks about Compensation. Compensation is one of the key culture-definers for organizations. As analytics become more widely used in HR, I’d like to share a few ways you can use a people strategy platform to make better compensation decisions: 1.

Forget Happiness. Wellness Emerges as a Compensation Strategy

Compensation Today

Much of this has been focused on employee happiness as an indicator of a solid compensation program – the better employees are paid and the more perks they enjoy; the greater their happiness should be, right? That’s why getting compensation right matters so much. Tess C.

How Helping Employees Get Financially Well Pays Off for Everyone

HR Daily Advisor

This is where employer-sponsored financial wellness programs can improve workers’ financial security, reducing concerns that affect everything from health to job performance. Financial Wellness Programs Are Similar to Physical Wellness Plans.

Surprising Statistics May Shape 2017 Compensation Programs

HR Daily Advisor

The pursuit of the right talent continues to be highly competitive and, according to the latest research from PayScale, that pursuit is shaping compensation programs and strategies. Compensation practices are increasingly being used as a way to cement relationships with employees.

Compensation Planning to Retain Top Talent

TalentGuard

Consider how compensation planning and management factors into every facet of an individual business. But you can’t just give employees greater responsibility and compensation if they are not ready for it. The dangled carrot in addition to a larger role is the increased compensation.

The Future of Compensation & Benefits is Wealth & Wellness!

HR Gazette

Redefining the traditional approach of Compensation & Benefits. However, no company has yet attempted to redefine the most controversial HR stream of “compensation & benefits”. Most HR streams have become transformational in nature but from time immemorial compensation and benefits has been transactional – “you do good work you get salary; you do great work you get bonus”. We don’t give benefits to our people; we work on their wellness and wellbeing.

Compensation Considerations in Attracting Top Talent

TalentGuard

Consider how compensation planning and management factors into every facet of an individual business. What was their target income during their tenure and how much did they make demonstrates how well the job was done. Request a Compensation Planning Demo.

Compensation’s Role In Acquisitions

Compensation Cafe

Much has been written about acquisitions and Compensation’s involvement in them. Regardless of whether the target company will be an autonomous operation or fully integrated into the parent company, Compensation in the acquiring company has work to do.

Trend In Wellness Is Toward Well-Being Programs

TLNT: The Business of HR

Workplace wellness programs are now widespread in the U.S., Compensation & Benefits Wellness Featured

Employee Compensation: How the Pros Do It

ReviewSNAP

Compensation should be more than a strategy, it should be a shared philosophy where every member of an organization is considered. Whether you’re an executive, an HR compensation decision-maker, or a one-man HR department, one thing is for sure. Well, actually three. Pay for Performance is a Must “Tie pay raises … Continue reading Employee Compensation: How the Pros Do It. The post Employee Compensation: How the Pros Do It appeared first on Reviewsnap.

7 Compensation Resolutions for 2017

Compensation Today

As a word nerd, I looked up the various and alternative definitions for “resolution,” the first two of which work well for our purposes: a) the act of analyzing a complex notion into simpler ones and b) the act of answering: solving. Check out these seven compensation #resolutions 2017!

What Employees Want: The Future of Compensation

Everwise

Not much new thinking has gone into the standard compensation package since the invention of the 401(k) plan , nearly 40 years ago. Whether they remain within the company for three years or 30, employees who feel properly compensated will spread good word-of-mouth for the company.

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?

Compensation Linked To Performance, Feedback, and Engagement

LAROCQUE

Compensation Practices Driving Cultural Shifts In Performance Management Explored In New #HRWins eBook. ” Well, there isn’t any excuse for not knowing any more. Data that give employees an idea of their fair market value for total compensation.

Disruptive Innovation in Compensation Communication Practices

Compensation Cafe

Here's another article on compensation communication. Patrick's Day by getting yourself a ration of common sense from the popular ebook, Everything You Do (in Compensation) Is Communication @ www.everythingiscommunication.com.

A Small Problem for Compensation Professionals

Compensation Cafe

But one important family of compensation, equity, is almost completely missing from this year’s event. It is easy to see why so many compensation professionals struggle with better use of equity when one of the few industry events provides so little in the way of information. .

How to Grow Part 2: Compensation Motivation

ReviewSNAP

There are a wide variety of compensation plans in the corporate world, but if you’re a startup which one is the best option? Keep these things in mind when planning compensation for 2015. The use of incentive compensation is changing.

3 Stressed Workers Your Wellness Program May Be Overlooking

TLNT: The Business of HR

As more employers start investing in wellness benefits and initiatives, it’s important to understand their objectives. Compensation & Benefits Wellness Workplace Stress Featured

Compensation Cafe: Top 5 Reasons for Bad Days at Work

RecognizeThis!

As I say in my post on Compensation Cafe: “The ROI factor involved in reducing the number of “bad days” experienced by employees is not insignificant. ” I encourage you to read my full summary post as well as the full survey results from Woohoo. by Derek Irvine.

Why Do We Love Urban Legends About Compensation Communications?

Compensation Cafe

That's the theme of most HR conversations about compensation communications. Think our compensation communication urban legends get in the way? Why not apply the microtargeting approach to compensation communications, especially with managers? Despair.

Managing Compensation – How to Keep Your Employees Happy & Engaged

HRsoft

Proper compensation for the employee is absolutely critical in maintaining his/her happiness, motivation to work and ultimately determines if he/she will stay with the company in the long run. Managing compensation does not only include wages and bonuses, but also includes health benefits, stock options, reimbursements and other intangibles such as work-life balance. The Goals of Compensation Management. Effective Compensation Management.

Wells Fargo Is Clawing Back Executive Bonuses

Workology

Earlier this month we learned that Wells Fargo fired thousands of front line bank employees for creating over 2 million “ghost accounts” for existing customers. Now Wells Fargo is hoping to change the conversation. Wells Fargo was Under Tremendous Public Pressure.

Compensation Work and Skin in the Game

Compensation Cafe

I think it could raise some interesting questions about how compensation jobs and functions are defined and organized. . How quickly could you (compensation professional) get your head around the differences in skills, practices and behaviors needed?

Get Me a Compensation Strategy, STAT!

Compensation Today

One intentional decision that too many companies aren’t making: establishing their compensation strategy. PayScale’s 2017 Compensation Best Practices Report (CBPR) found that just 37 percent of all organizations have a comp strategy. What is a compensation strategy?

Trends, Tools and Techniques Impacting Compensation Management [WEBCAST]

Ceridian

It’s essential that Compensation Management tools keep pace with market needs. On Tuesday, May 9 at 2 PM ET, Ceridian is partnering with The Wilson Group to discuss current Trends, Tools and Techniques Impacting Compensation Management. The Wilson Group is a consulting firm that helps companies devise strategies to assess, develop, and implement performance systems and total compensation plans. The total rewards picture must evolve as well.

One Way to Revive Tired Old Compensation

Compensation Cafe

I’ve been reading a lot lately about what Compensation will look like in the future and I remembered a project that I had once worked on. Yes, some companies offered flex benefits but this situation included cash compensation as well. What if they handed over control to employees to configure the amount of their own benefits, perks, and cash compensation creating a package unique to their own personal situations. Compensation needs to be too.

EEOC Sets Limits On Wellness Program Incentives

TLNT: The Business of HR

Compensation & Benefits Equal Employment Opportunity Commission (EEOC) Healthcare Legal, Compliance & Policies Wellness Featured

3 Proven Ways to Reduce Your Workers’ Compensation Costs

Insperity

If you’re looking for ways to save on workers’ compensation insurance, you’re well aware of the direct costs that you pay in premiums. The return-on-investment for such programs is well proven. A PEO can help you: Choose workers'' compensation plan coverage.

Why Provide an Employee Wellness Program?

HR Daily Advisor

Does your organization offer an employee wellness program? Let’s take a look at some of the many benefits to see why: Employee wellness programs can improve overall employee health levels, thus reducing the number of employee absences due to illness.

Total compensation statements: Don’t overlook their morale-building value

HR Morning

Employers across the country indirectly increased employees’ compensation recently and in many companies, it seemed like nobody noticed. The compensation increase likely took one of these forms: increasing the amount you paid for their health insurance. That’s the beauty of total compensation statements. comparing what you paid for each element of a person’s compensation this year versus what you paid for it last year. Bonus compensation paid.

Does Compensation Need an Intervention?

Compensation Cafe

The intervention I’m talking about is Compensation’s addiction to market surveys. Jacque has the following certifications: CCP, GPHR, HCS and SWP as well as a B.S.

Which Compensation Structure Is Right for Your Company?

Compensation Today

Compensation structures continue to evolve, and they usually do so to help organizations keep current with both market and workforce trends. Some may wonder what compensation structures are. How have compensation structures developed? Learn More About Our Compensation Software.