Remove Bonuses and Incentives Remove Compensation Remove eBook
article thumbnail

Growing a Healthy Compensation Program -- Part Two

Compensation Cafe

We'll identify some of their missteps -- common to companies their size -- then discuss what they can do to achieve healthy compensation habits. 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.

article thumbnail

Ready, Set, Go, Go, Go!!!

Compensation Cafe

Like every company back to the Cro-Magnon period, they are starting out by looking at compensation. You've got to start somewhere and insight into compensation provides the newbie with a staffing study, organizational chart, large portion of operating budget and so on. Revs up your recruiting plans, too. So back to that paycheck.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Today’s Incentive Thinking Is Different

Achievers

Too often in human history, this meant that people with less power were simply compelled to work, and incentives — if they existed — consisted merely of being allowed to survive. After several evolutionary waves, we have a deeper insight into what truly motivates people, and today’s incentives are about far more than compensation.

article thumbnail

When You're Cornered, Why Not Step Aside?

Compensation Cafe

Here are a few tips from organizations that have learned about the ugly combo of panic and compensation. Let's try again with a bigger [select an option: salary, sign-on bonus, incentive, equity offering, loan opportunity and, and, and].". None of these problems could be solved by handing out more compensation.

article thumbnail

What Hourly Workers Really Want (It Might Surprise You)

Achievers

In the same Snagajob survey referenced above, it appears that 27% of candidates thought bonuses are the most important work perk, so much so that 54% of workers surveyed would change jobs if it meant a bonus structure was included in their compensation plan. That’s because bonuses are usually based on work performance.

article thumbnail

What Can the Novel Coronavirus Teach Us About Compensation Communication?

Compensation Cafe

If you're starting to see those building blocks through the haze, let's take a shot at a parallel compensation case story. Her firm, re:Think Consulting, provides market pay information and designs base salary structures, incentive plans, career paths and their implementation plans.

article thumbnail

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.