Compensation Today

MARCH 12, 2015

Taylor, PHR, The HR Writer You may not be surprised to hear me say that compensation programs can be difficult to understand at times. For example, merit-based, on-the-spot bonuses are an excellent way for employees to increase their compensation levels while earning the encouragement and recognition they deserve.

HR Planning 40

HR Planning Compensation Bonuses and Incentives Handbook 40

Vantage Circle

NOVEMBER 30, 2022

Extrinsic rewards are a type of incentive that motivates people by rewarding them with something tangible — such as praise, fame, or money — for achieving a specific goal. The incentives must be extraordinary in order to spur your team's competitive nature to finish a task that requires extra effort or has a short deadline.

Bonuses and Incentives 105

Bonuses and Incentives Planning Tools Assessment Software HR Software 105

Compensation Cafe

JULY 24, 2019

Editor's Note: Incentives are a tool. Incentives are not the cause of bad reinforcement programs, any more than forests should be blamed for the existence of warfare. Because incentives are powerful, they should be designed and implemented with great care. Jim Brennan expounds. It was a hell of a good place to write tickets.”.

Planning Tools 40

Planning Tools HR Software Compensation System 40

HR Daily Advisor

DECEMBER 24, 2014

Here’s some guidance for your 2015 program. The review process is there to incentivize, to provide an opportunity for feedback, to help the organization achieve its goals, and to assist in employee development by discussing individual goals and future planning. HR budget cuts? Loss of incentive. Compliance?

Hiring Software 60

Hiring Software HR Software Bonuses and Incentives Planning Tools 60

Reviewsnap

JANUARY 6, 2015

There are a wide variety of compensation plans in the corporate world, but if you’re a startup which one is the best option? Keep these things in mind when planning compensation for 2015. Here’s Your Bonus Typically a lump sum (year-end bonuses) are one tool that makes up total compensation. In fact, they made up 12.7%

Compensation 40

Compensation Bonuses and Incentives Planning Tools Recruiting Software 40

HiBob

MAY 4, 2023

According to a survey by Gallup , in 2022, employee engagement reached its lowest level since 2015. To prevent this from happening, companies need to find ways to engage and motivate their people, including showing them that they are valued and providing incentives for them to stay and continue to contribute to the company’s success.

Talent Experience 60

Talent Experience 10KC Hiring Software Planning Tools 60

HiBob

MAY 4, 2023

According to a survey by Gallup , in 2022, employee engagement reached its lowest level since 2015. To prevent this from happening, companies need to find ways to engage and motivate their people, including showing them that they are valued and providing incentives for them to stay and continue to contribute to the company’s success.

Talent Experience 60

Talent Experience 10KC Hiring Software Planning Tools 60

Empuls

DECEMBER 22, 2021

Covid-19 is a seminal event in many respects, but its aftermath has created new and unparalleled challenges for HR professionals. In this challenging environment, HR professionals are tasked with maintaining a vibrant employee pipeline for the business’s success while simultaneously managing a very different work environment.

HR Software 52

HR Software Hiring Software HR Planning Recruiting Software 52

HRExecutive

JULY 1, 2015

Blistering temperatures hovering around 115 degrees apparently didn’t keep folks away from this week’s SHRM 2015 Annual Conference and Exposition in Las Vegas. Case in point: a Monday morning session by Steve Fussell, executive vice president of human resources for Abbott Laboratories in Abbott Park, Ill. passport.”.

Bonuses and Incentives 40

Bonuses and Incentives HR Planning Conference Benchmarking 40

PlanSource

AUGUST 26, 2019

Welcome to The Source, your one-stop-shop for the latest and greatest HR and benefits news. Our weekly publication highlights this week’s top stories in human resources, benefits administration, insurance, legislation and more to make sure you can stay on top of industry trends and changes.

HR Planning 40

HR Planning Planning Tools Bonuses and Incentives HR Software 40

Culture University

APRIL 14, 2020

Not simply products delivered, systems installed, or services provided, but business results—needs met, problems solved, and goals achieved. The power of culture and an incisive plan to manage it is well stated by Jack Welch. So, make your numbers any way you can because highly bonused people get the promotions.”

Hiring Software 95

Hiring Software Planning Tools Interview Software Recruiting Software 95

Compensation Today

OCTOBER 19, 2015

Jenni Marquez, CCP, PayScale Compensation Professional Even the most seasoned HR professional might take a big gulp if approached by their CEO to take charge of anything comp. That’s because, despite being part of the HR department, compensation is like the cool kid at a party. You know, the one you’re afraid to talk to.

Payscale 40

Payscale Compensation Hiring Software Planning Tools 40

Compensation Cafe

JULY 2, 2015

Companies have used the “carrot” giving employees financial incentives to participate, such as discounts on health insurance. Could a plan violate the ADA, even if it’s authorized by the ACA? The EEOC has been gathering comments from the public and is supposed to issue guidance on this question by the end of 2015.

Wellness 40

Wellness HR Planning ATS Assessment Software 40

TalentCulture

DECEMBER 16, 2016

The fun kicks in courtesy of a group dynamic that promotes good-natured competition to achieve wellness goals, which aligns with another trend among employers: offering rewards or bonuses to employees who complete health and wellness objectives. Gamification.

Planning Tools 40

Planning Tools HR Software Wellness Bonuses and Incentives 40

Compensation Cafe

DECEMBER 15, 2021

Editor's Note: In this Classic post, Jim Brennan shines a light on the challenges of rewards work and the surprising discovery that awaits many compensation pros who choose the field in an effort to escape the squishiness of other HR specialties and immerse themselves in quantitative certainty. Not so much, eh?

Compensation 52

Compensation HR Planning HR Software Planning Tools 52

SocialChorus

NOVEMBER 19, 2020

Boeing’s first introduction to SocialChorus was in 2015, when the chief communications officer at the time was set on truly reaching the frontline—the people working in plants, building planes, helping to drive their culture. It’s all in one place, where you can plan your content, publish your content, analyze your content.”.

Planning Tools 52

Planning Tools HR Software Bonuses and Incentives System 52

Compensation Cafe

JANUARY 26, 2017

Total reward professionals need not be involved when independent contractors are controlled by purchasing agents and cost accountants rather than human resource people. It reduces management to contract planning. Even handling employee remuneration and administering pay programs can be outsourced.

HR Planning 40

HR Planning Compensation Payroll Talent Experience 40

Compensation Cafe

NOVEMBER 30, 2015

Latest in these reports is Mercer’s 2015/2016 US Compensation Planning Survey, which is well summarized in this SHRM report. in 2015), companies clearly need to do more to keep top performers interested. Promotion to increased responsibility with commensurate increase in pay. But the challenge is much greater than that.

Employee Recognition 40

Employee Recognition Compensation Employee Engagement Analysis 40

Empuls

OCTOBER 11, 2023

HR departments commonly implement these tools to support managers across various departments. These solutions also assist in organizational planning by ensuring necessary skills and preparing for employee departures. Seamless integration with certain HR systems could be improved. Supports remote and hybrid work environments.

HR Software 52

HR Software Onboarding Software Planning Tools Assessment Software 52

Linkedin Talent Blog

FEBRUARY 5, 2020

Role changes within organizations by way of promotion, transfer, or lateral movement have increased by 10% since 2015, LinkedIn data shows, and 73% of talent acquisition professionals say internal recruiting is increasingly important to their company. Today the figure is a third or less.”. But internal hiring is making a comeback.

AI Recruiting 49

AI Recruiting Hiring Software Hiring Recruiting Software 49

Compensation Cafe

OCTOBER 19, 2018

Well, not exactly; but the well-seasoned compensation professional would be smart to hold on to the ideas, plans, programs and tricks that worked well in the past. After corporate HR posts and consulting CEO roles, he was Senior Associate of pay surveyor ERI before returning to consulting in 2015.

Planning Tools 40

Planning Tools HR Software Tools Compensation 40

Compensation Cafe

JULY 5, 2018

Answer : Why are you planning a fix without first auditing to confirm a problem ? After corporate HR posts and consulting CEO roles, he was Senior Associate of pay surveyor ERI before returning to consulting in 2015. Any ideas on closing the gaps? Diagnosis should precede any prescription.

Compensation 45

Compensation Performance Management Diversity Course 45

HR Daily Advisor

NOVEMBER 23, 2016

The enforcement manual replaces previous guidance that was issued in May 2015, and includes one significant change that negatively impacts employers during the investigation process. The post Preventing Whistleblowers in the Workplace: OSHA Expands the Rights of Whistleblowers appeared first on HR Daily Advisor.

Wage and Hour Training 40

Wage and Hour Training Hiring Software Bonuses and Incentives Policies 40

Compensation Cafe

AUGUST 16, 2022

Editor's Note: Motivation is a key objective for many of the plans and programs we devise. After corporate HR posts and consulting CEO roles, he was Senior Associate of pay surveyor ERI before returning to consulting in 2015. Jim Brennan share some insights and conclusions in this Classic post.

Planning Tools 40

Planning Tools HR Software Compensation Groups 40

Compensation Cafe

MAY 23, 2018

Editor's Note: Motivation is a key objective for many of the plans and programs we devise. After corporate HR posts and consulting CEO roles, he was Senior Associate of pay surveyor ERI before returning to consulting in 2015. Jim Brennan share some insights and conclusions in this Classic post.

Planning Tools 40

Planning Tools Compensation HR Software Groups 40

HR Daily Advisor

AUGUST 16, 2017

in 2015, 35.7% 2017 Bonuses. last year) paid bonuses to their exempt employees in 2017, with 18.4% (up from 15.7% last year) of those surveyed awarded bonuses to their hourly workers, with 21.6% last year) gave their senior management team members bonuses above 10% of base pay, and 21.2% (down from 24.5%

Survey 43

Survey Bonuses and Incentives Compensation Groups 43

Decusoft

APRIL 6, 2021

Do you want to ensure that you have the fundamental knowledge necessary to establish Executive Compensation plans that will help to attract, motivate and retain the talent necessary to achieve your corporate objectives? You’ll notice that salary, annual incentives, and long-term incentives, generally, have high to moderate ratings.

Compensation 52

Compensation Bonuses and Incentives Metrics Planning Tools 52

HRsoft

JANUARY 7, 2017

As part of the TR Communication development plan, include a step to have your attorney review the content. Examples of Assumptions : Bonus compensation includes payments made for Calendar Year 2015. In the event of conflict between this information and the official Plan documents, the Plan documents govern.

HR Software 40

HR Software Planning Tools Interview Software Bonuses and Incentives 40

Compensation Cafe

AUGUST 3, 2021

Editor's Note: In this Classic cautionary tale, Jim Brennan (using the 2016 Wells Fargo incentive disaster as his beginning "case in point") reminds us of how easily even reward plans designed with the best intentions can misfire. The only thing worse than an incentive that doesn’t work is one that works all too well.

Bonuses and Incentives 40

Bonuses and Incentives HR Planning Planning Tools Compensation 40

Compensation Cafe

JULY 21, 2016

The new sales incentive plan was not well received. Their disapproval disappointed the corporate headquarters compensation experts tasked with the duty to faithfully but delicately comply with the incentive program guidelines supplied by the division's senior management. Yeah, THAT company.

Planning Tools 40

Planning Tools Compensation Guidelines HR Software 40

Compensation Cafe

SEPTEMBER 14, 2016

The only thing worse than an incentive that doesn’t work is one that works all too well. Wells Fargo is just the latest company to be ethically embarrassed and financially distressed by a fiasco involving excessively motivational incentives. The moral hazard problem is not industry-specific or even an issue about incentives.

Bonuses and Incentives 40

Bonuses and Incentives HR Planning Compensation Planning Tools 40

Compensation Cafe

AUGUST 8, 2018

Editor's Note: What to do about a reward plan that has outlived its purpose and fit? No reinforcement program or incentive plan works forever; but they seem to last forever, lingering on long past the day when their effectiveness expired. Always easier to pile on more than to prune or even dig up and dispose.

Compensation 76

Compensation Planning Tools HR Software Background screening 76

Compensation Today

APRIL 27, 2016

At that time, employers were just beginning to wake up to the critical nature of employee engagement, spending close to $720 million in programs and incentives. Compensation is more than just developing incentive plans and giving people small annual raises. It’s so much more. Top performing organizations seem to get this.

Compensation 40

Compensation Payscale HR Planning Bonuses and Incentives 40

Enspira

APRIL 28, 2023

Total Rewards is not limited to salary and bonuses; it goes far beyond that. Though cash remains “king” to most employees, a flexible, well-communicated Total Rewards plan can be a differentiator in today’s competitive, dynamic job market. Salary and bonuses are just one part of a complete Total Rewards package.

Bonuses and Incentives 52

Bonuses and Incentives Planning Tools HR Software How To 52

ForUsAll

JUNE 22, 2018

“We place a strong value on creating an environment where our employees can work from home, which has been instrumental in us being able to hire and retain top talent,” says Debbie Fiorino, senior vice president of human resources.”. employees are eligible for bonuses four times a year, with biannual salary reviews.

Retention and Turnover 40

Retention and Turnover Resources HR Planning Hiring Software 40

HR Daily Advisor

MARCH 11, 2015

Rubino, who is the owner of Rubino Consulting Services, offered his expertise in a recent webinar presented by BLR® and HR Hero®. Need to revisit your compensation plans for 2015 but don’t know where to start? Help is available in the free white paper from PayScale, Attack of the Out-of-Date Comp Plan. Learn More.

Payscale 40

Payscale Background screening Bonuses and Incentives Compensation 40

CuteHR

MAY 20, 2019

Today it’s a well-known fact that the most valuable resource an organization has is its human resources. Words like talent, intellectual assets, human resource, human capital all imply that people play a vital role in business success. Top Companies reports on Employee Benefits plan.

Employee Benefits 45

Employee Benefits HR Planning HR Software Bonuses and Incentives 45