Editor's Note: The Classic concept of diversity - defined by Merriam Webster as "the condition of having or being composed of differing elements" - is the focus of much attention and conversation today. What does it mean in terms of creating "the organization of our... Read More
Compensation Café"Serving up straight talk, original thinking and caffeinated discussion on everything compensation"
You may not be familiar with IKEA, the Swedish retailer who sells everything from meatballs to full kitchens, all with names like Flark and Hemnes. Nearly all of their furniture is “build-it-yourself.” I know it sounds like is might be a nightmare, but you would be wrong (mostly). Their main... Read More
Editor's Note: Classic insights - and some great quotes - on risk aversity versus risk leveraging in pay management via Jacque Vilet. "The difficulty lies not so much in developing new ideas as escaping from the old ones." ------ John Maynard Keynes I wrote an article here six... Read More
Editor's Note: With this week's renovation of the EEOC charge filed a few years back and a refreshed lawsuit about "institutionalized gender discrimination" in compensation by the U.S. Women's National Team Players Association, it's a good time to revisit Jim... Read More
Well, the Compensation Cafe's predictions have come true. Both the CEO pay ratio and median employee have become topics of conversation in the Finance media world. Not to worry, though. There are no calls for rebellion against the "fat cats." The reporting has been balanced and... Read More
Compensation Force"Practical news, information, tips and musings about employee performance and compensation"
A client of mine with a gift for distilling information recently came up with a simple and elegant chart that tracks employee perceptions of the company's pay program. As someone who believes there is still a place for the straightforward, low-tech solution (like this one), I wanted to... Read More
Incentive compensation. Powerful stuff when used well and - unfortunately - potentially even more powerful when misused and misdirected. Chip and Dan Heath said it well... Incentives are dangerous, and not just because people game them. They often yield collateral damage. Remember the tale of... Read More
Experimentation, it seems, is on a lot of our minds lately. As one example, check out Mercer's great piece on Cultivating a Lab Mindset. I agree with the direction of this thinking, that moving compensation (and all HR) programs and practices forward, at the ground level where most of us... Read More
Pondering how (or whether) recognition and rewards can help smash silos and encourage collaboration where you work? Michael Schrage, MIT Research Fellow, shares a story in his HBR blog post about an organization that tried a simple -- but also clever and fun -- program to spark value exchange... Read More
Some things change. Other things are more enduring in their reflection of truth and human nature. I think of goals as falling into the second category. Technology messes with them some on both ends; it brings us efficiency and organizational capabilities for goal management and oversight, but... Read More