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.

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.

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.

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.

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.

Your Hidden Weapon: 9 Best Practices for Working with Third-Party Recruiters

well, they are. of salaries and compensation packages you should expect to offer. Collaborate on a Compensation &. If the candidate does not work out, the recruiter may offer some kind of compensation to your. Cover all the key responsibilities of the role, as well as any.

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: 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

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.

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.

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.

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

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.

Just Released – Our 2018 Third-Party Recruiting Benchmark Report

for our customers and partners as well the market at large. series of vertical-specific reports as well as. Here, we highlight the top 5 that are well-poised to be. goals as well as keeping ahead of the competition. 15 / THE DATASET: COMPENSATION.

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

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.

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.

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

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: 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!

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.

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.

Consider Value-Based Health Care as an Alternative to Wellness

TLNT: The Business of HR

Compensation & Benefits Healthcare Wellness FeaturedIn an evolving labor market where employees are expecting (and receiving) higher pay and better perks, employers often compete in the race for top talent by offering better and bolder benefits packages.

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.

Nuances of Nonprofit Compensation: 2017 Compensation Best Practices

Compensation Today

In a prior life, I did compensation and HR for a nonprofit. Anyone who has worked in a sales organization knows that you don’t compensate sales the way you do the rest of the organization, or medical staff the same as office staff, or faculty the same as staff.

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.

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!

Compensation Cafe: Why Friends at Work Matter

RecognizeThis!

It’s a driving factor in employee productivity, retention and wellness. 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. by Derek Irvine.

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.

Linking Compensation & Performance Management

HRsoft

The overarching goal of the compensation strategy is to make sure an organization has the right amount of money necessary to motivate the types of performance needed to achieve the business strategy. To that end, compensation should tie into the overall performance management strategy. These critical objectives can be achieved by: Standardizing pay practices and basing the compensation system on benchmarks.