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What Does a Bonus Mean?

Compensation Cafe

After all, we often don't make much of a communication effort when we award bonuses. When it comes to bonuses, the understood link with business results is often sketchy, too. If merit increases are about individual performance, bonuses are about team performance on the organizational level. Employees remember their multiplier.

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Having Trouble Unplugging?

Compensation Cafe

Closing the books on merit increases may be on schedule, but there are always loose ends to clear up before you get slammed with Q1 bonus and incentive work. Her firm, re:Think Consulting, provides market pay information and designs base salary structures, incentive plans, career paths and their implementation plans.

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How to Make Headway on Pay Transparency

Compensation Cafe

It's time to accept that your job has changed from gatekeeper (limiting access to pay knowledge until employees are "ready") to educator (describing the nuts and bolts of salaries and incentives). After all, it's not just compensation information you'll be sharing but, eventually, a whole new open-book pay-for-performance philosophy.)

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2 Surprising Sources of Employee Motivation—And It’s Not What You Think

Hppy

Too many managers and bosses believe that money is an effective reward and incentive for doing one’s best work. In Payoff , Dan Ariely’s latest book, Ariely poses important theories that all human resource managers should study. ” (This is also the subtitle of his book.). Unfortunately, this is often not the case.

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Don't Do That! Bad Habits and Compensation

Compensation Cafe

New incentive coming up next year? I've written before about the value of the book, "The Power of Habit" by Charles Duhigg. Her firm, re:Think Consulting, provides market pay information and designs base salary structures, incentive plans, career paths and their implementation plans. New business goals coming up next year?

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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.

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Growing a Healthy Compensation Program

Compensation Cafe

If you're an HR office of one, busily juggling everything from beneficiary forms to incentive awards, it's hard to believe that you share any pressures with other HR managers. Payment of bonus is determined by the CEO after the "books are closed" and results are discussed with Board. This is the first in a series.