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.

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.

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.

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.

All well and good: From wellness to well-being

HR Times

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.

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.

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.

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.

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.

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.

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.

Does Your Compensation Solution Help You Appeal to Talent?

HRsoft

Indeed.com recently revealed its list of top-rated workplaces for compensation and benefits. Year after year, many of the same employers tend to make the list, leaving professionals to wonder: what is it about their compensation practices that employees are so drawn to?

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?

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.

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.

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?

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.

Does Your Compensation Solution Cover Contract Workers?

HRsoft

Compensation solutions use technology and automation to address some of the most complex compensation management challenges. Is your compensation solution equipped to handle pay for your entire workforce – contractors included? How a Compensation Solution Can Help.

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 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.

Compensation Management is Important in Every Company

NGA Human Resources

Compensation management is vital for employee motivation. For many reasons, effective and fair compensation management is a must for every business. However, it’s important than compensation management policies are in place. What Is Compensation Management?

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.

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!

What is Conscious Compensation®?

HRsoft

Conscious Compensation® helps companies move from the traditional, capitalist approach to compensation towards practices that are more socially responsible. For decades, traditional capitalist compensation has been characterized by the following: Base wage or salary.

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.

9 Office Ergonomics Tips To Improve Workplace Wellness

Get Hppy

It goes without saying that ergonomics and workplace design are vital to preventing work-related illnesses/injuries , increasing productivity, as well as lowering healthcare costs and costs related to workers’ compensation claims.

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. IRC 401(a)(17) Compensation Limit. Highly Compensated Employee Compensation Limit. Compensation and Rewards 401(k) plans ACA compliance

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.

Holistic Well-Being Was a Hot Topic at #HRTech2018 (And it Should be in Your Org, Too)

Ultimate Software

I first came across the term “The Wellness Effect” in an investment article discussing the symbiotic relationship between employee financial wellness and financial returns for employers. for every dollar spent on wellness programs, combined with a $2.73

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.

The Pillars of an Effective Compensation Management Process

HRsoft

The overarching objective behind your organization’s compensation management process is to pay your employees fairly without exceeding its budget. 3 Pillars Behind Effective Compensation Management Processes.

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.

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.

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."

Indirect Compensation

New to HR

While compensation exists to pay a person for their time, the benefits of doing their job, namely the financial ones, will be what attracts them and motivates them to do well for your company. What is Indirect Compensation? The Advantages of Indirect Compensation.