Editor's Note: You may say that you pay competitively, but do you know that for sure? And is it competitive enough? Chuck Csizmar takes a Classic look at this near-universal claim to help us gauge if we have really put our money where our mouths are. You’ve seen your company’s... Read More
Compensation Café"Serving up straight talk, original thinking and caffeinated discussion on everything compensation"
Did you ever wonder how effective your compensation communications are? I can hear your answer from here -- it's bound to be a resounding "yes" if you are an HR professional. And in the last decade, the eternal question, "Are we doing it right?" has been joined by,... Read More
Editor's Note: We all know and work with people who talk too much and listen too little. Unfortunately, sometimes these people are us. In today's Classic, Jacque Vilet shares her encounter with this realization and the lesson it brought her. I had a manager once that didn't... Read More
Everywhere they turn these days Compensation practitioners are finding themselves bombarded by a repeated self-help message; you need to establish compensation metrics for your organization. You need to do this. If you’re collecting data for compensation metrics, congratulations. But no one... Read More
Editor's Note: We recently featured Dan Walter's Classic post on what CEOs want from compensation professionals. While getting into the head of your CEO and understanding her/his point-of-view is important, don't overlook another key member of the executive team - your CFO! ... Read More
Compensation Force"Practical news, information, tips and musings about employee performance and compensation"
I met recently with the leaders of a regional manufacturer's association to discuss what is on the minds of their members these days. Two things: hiring and salary compression. What does the phrase "salary compression" mean, what causes it to happen and what's to be done about... Read More
You've witnessed this yourself, I expect, dear reader. There is no keener disappointment, it often seems, than when managers discover they can no longer rely on a compensation program to manage their people for them. Try taking away an incentive plan, however ineffective or dysfunctional,... Read More
To be clear, I'm talking about pay plan mechanics and in particular about the kind of cliff that plays an unfortunate starring role in many pay programs. Specifically, the incentive plan with the all-or-none (or nearly so) singular award hurdle, often set against prior year performance, that... Read More
Providing employees with specific information on their productivity is one no-to-low-cost way to drive improvements in their performance. A recent Harvard Business Review Daily Stat (To Boost Workers' Productivity, Tell Them How They Rank) reminds us of this reality, via the story of a... Read More
To be clear, I'm talking about the kind of cliff that plays an unfortunate starring role in many reward programs; the incentive plan with the all-or-none (or nearly so) singular award hurdle, very often set against prior year performance. The one that can essentially shut down any hope of... Read More