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.

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.

All well and good: From wellness to well-being

Bersin with Deloitte

The move to expand traditional wellness programs into more holistic well-being programs is more than just “the right thing to do” to help employees manage their personal and professional stress; it can also create significant business value. From wellness to well-being.

How well are you managing workers’ compensation claims?

Bersin with Deloitte

The “80/20” rule is commonly applied to workers’ compensation claims: namely, that 80 percent of the cost comes from 20 percent of the claims. This is particularly noteworthy because worker’s compensation claims costs typically mirror health care costs and rise every year.

Compensation Dictionary

This is your crash course in the compensation. master any compensation conversation. compensation plan. address what you plan to reward with compensation (performance, tenure, acquisition of skills, etc.). importantly, that compensation is administered fairly.

Wellness 2.0

Jason Lauritsen

About eight years ago, I joined an organization that was pretty serious about workplace wellness. Since the wellness team rolled up to me as the HR leader, I got pretty serious about learning what it was all about quickly. They did some really cool stuff in the name of wellness.

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.

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.

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.

Update: Employee Compensation at Wells Fargo

Compensation Cafe

Compensation Cafe has covered Wells Fargo's pay practices since 2009, when the Bank canceled prefunded employee recognition and rewards events in the midst of the Recession, blaming it on federal government restrictions on bank practices following the subprime mortgage crisis.

Small Business Compensation Trends for 2018

Small Business Edition #CBPR181 SMALL BUSINESS EDITION 2018 COMPENSATION BEST PRACTICES REPORT A PAYSCALE REPORT Small Business Edition #CBPR182 More than half of small organizations agree that compensation is. given that the current state of compensation in 2018 is a delicate.

Compensation Cafe: A Paycheck Is Not Recognition for a Job Well Done

RecognizeThis!

— Psychologically healthy employees require appropriate compensation and praise for their efforts. It’s the classic discussion of the difference between compensation and recognition, which was the top of my most recent post on Compensation Cafe. by Derek Irvine.

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.

Employee Well-being Needs to Include Retirement Plans

HR Bartender

Not just from the standpoint of the many different HR functions: recruiting and onboarding , training and development, compensation, etc. Thinking about and planning for retirement can have a huge impact on well-being.

Washington policy update: August 2019 Benefits and Compensation Bulletin

Bersin with Deloitte

However, employers should remain mindful of how offering an ICHRA interacts with its Shared Responsibility obligations under the ACA, as well as the impact on employees’ potential eligibility for premium tax credits.

Compensation 101: A Beginner's Guide to Compensation Management

compensation management Comp 101 www.payscale.com2 By now, it’s well-accepted that a comprehensive, up-to-date compensation. are focusing more than ever on strategies to retain and hire top employees, compensation being a big one. compensation plan is no easy task.

Progressive Performance Management: Why Your Employee Compensation Strategy Is Holding You Back

15Five

One of the main issues that HR leaders face when considering a progressive performance management program is how to revamp their employee compensation strategy. So, if companies distribute compensation based on ratings like most are, they have errors in their performance measures.

Who Cares About Compensation?

Compensation Cafe

What if you worked in an organization where the Head of Human Resources didn't view the Compensation function as vitally important to the organization? So What's Wrong With Compensation? It is unusual for this office holder to have cut their teeth in either Benefits or Compensation.

How well are you managing workers’ compensation claims?

HR Times

The “80/20” rule is commonly applied to workers’ compensation claims: namely, that 80 percent of the cost comes from 20 percent of the claims. This is particularly noteworthy because worker’s compensation claims costs typically mirror health care costs and rise every year.

Cafe Classic: Can Your Compensation Philosophy Do THIS!?

Compensation Cafe

Can your compensation philosophy keep up? The topic of compensation philosophy was raised recently in a conversation I had with a group of local executives. From a compensation perspective, this doesn't just bring new jobs and different skill sets into the picture.

How to Build Pay Grades and Set Salary Ranges

Speaker: Jennifer Ferris CCP & Paige Hanley CCP

Setting pay ranges and grades can give you a competitive advantage in an ever-changing market by enabling clear job progression as well as competitive pay. In today’s changing workforce, having a clearly defined career path is becoming critical for attracting and retaining top talent.

Astronology®: 2020 Compensation Budgeting Forecast Part 1: Base Pay Adjustments

Astron Solutions

As we move past Labor Day, Astron Solutions is getting more and more requests for information regarding 2020 compensation budgeting. This is part one of a three-part review of 2020 compensation planning projections.

Employees, Employers Both Gain from Popular Financial Wellness Benefit

Payactiv

Blog › What Employers Can Do Employees, Employers Both Gain from Popular Financial Wellness Benefit By Insights Team on June 18, 2018 While a paycheck is the most important part of an employee’s compensation package, it is far from the only concern. Blogs Financial Wellness Programs

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.

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

People, HR & Analytics

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

Through analytics you can make better decisions about all aspects of HR strategy, including which candidates to hire, which employees are doing well, who's receiving adequate compensation and how employee retention can be improved.

Compensation Cafe: Superpower-based Compensation

RecognizeThis!

As work roles become more fluid, compensation needs to transform to include solutions that are more social, dynamic, and engaging. I came across an interview with Tony Hsieh the other day, as I wrote recently in this post on Compensation Cafe , where he was describing the experiment of holocracy at Zappos and what the implications were for HR practices. One interesting comment stood out when he described his thinking on how compensation was being transformed. By Derek Irvine.

HR Moments Matter: 3 Compensation Challenges Solved With People Analytics

Visier

In this post, Allison McConville, Visier’s VP of Human Resources , will shares how you can use data to support the people moments that matter, enabling the best compensation decisions for both your employees and your organization. . Managing Compensation Costs.

Cafe Classic: Driving Your Compensation Programs in Reverse

Compensation Cafe

Dan Walter, master of the compensation metaphor, shines a light on the Classic problem we all face at one time or another - particularly those of us who work in or serve smaller, entrepreneurial organizations. Hopefully, we can align compensation once we know what we are doing.”.

DOL: Employees Do Not Need To Be Compensated For Time Spent On Wellness Programs

Wellable

According to a recent Department of Labor (DOL) opinion letter , employers do not have to compensate employees for time spent participating in biometric screenings, wellness activities, and benefits fairs. Corporate Wellness

Compensation Cafe: Chasing Best Practices

RecognizeThis!

Benchmarks and best practices can give company leaders insight into what those around them are doing, how much they are spending, and how well they are performing. Bonus & Incentives Best Practices compensation performanceBy Derek Irvine. Recognize This!

4 Questions Enterprise Compensation Management Should Answer

HRsoft

Enterprise compensation management (ECM) refers to the ways in which pay policies are administered, organized, and automated in companies. Specifically, ECM should be able to answer the following questions: Does our workforce feel they’re being fairly compensated?

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.

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.

Cafe Classic: Your Compensation Philosophy is Not What You Say, It's What You Do

Compensation Cafe

We'd be wise to keep this in mind when considering our organizations' compensation philosophies. I have to smile when someone says: "We've never had a compensation philosophy." Even better is this: "We've never communicated our compensation philosophy to employees."

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.