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Growing a Healthy Compensation Program -- Part Two

Compensation Cafe

Case background: In the first article , we looked at the compensation habits of a company called Healthy Gadgets, a new medical device company that began with fewer than 100 employees. Employees were informed of the effect of the one-time operating cost on the bonus. BTW, annual merit increases have been paid in the past two years.

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Help Managers with the Challenges of Video Calls

Compensation Cafe

Here are some examples of the nuts and bolts you could cover in communications: Set the stage well -- To make focus on the conversation easier to achieve, eliminate distractions in the video background. Follow up -- Check in with your employees within two weeks of the conversation. Or cry, or raise his/her voice in anger.

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Overlooked Fundamentals of Compensation Strategy

Compensation Cafe

Behavioral economics research can teach us many ways that our programs can be more effective. So if we remain unaware of the research findings we will literally be less effective than we can be. The findings can also make us wiser in our day-to-day work. Some of the findings verify long held beliefs but many more are counterintuitive.

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Industry Insights: Quick Service Restaurants

Payactiv

This page is set up to give you the latest information on what’s happening in the hiring market right now, as well as the trends restaurants, are facing when it comes to hiring. We have compiled the latest stats, arming you with all the data you need to make informed decisions when looking at your hiring plan. Download Now.

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Industry Insights: Quick Service Restaurants

Payactiv

This page is set up to give you the latest information on what’s happening in the hiring market right now, as well as the trends retailers, are facing when it comes to hiring. We have compiled the latest stats, arming you with all the data you need to make informed decisions when looking at your hiring plan. Download Now.

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Performance Management Tools: The Ultimate Guide

Primalogik

And 70% believe they need to better inform their talent management decisions with good performance management insights. Another may realize that its incentive program isn’t having the desired impact, leading it to a more effective solution. Consider that only 2% of companies feel they have a great approach to performance management.

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Cafe Classic: There May Still Be Enough Time!

Compensation Cafe

You may have already completed performance appraisal discussions, but performance should certainly be part of the discussion when 2014 increases and bonuses are covered with employees. Explaining consistently to all employees, how the budgets have been allocated for merit increases and bonuses.