Tag: Big Bang

5 Principles to Establish a Pay-for-Performance System

By HR Daily Advisor Staff Feb 17, 2012 Benefits and Compensation

Updated: Feb 17, 2012

In a BLR webinar titled “Pay-for-Performance: Pros, Cons, and Assessing Whether It’s a Good Fit for Your Organization,” Brooke Green offered five key principles to follow when establishing such a system. 5 Principles to Establish a Pay-for-Performance System How do you establish a system of rewards that truly differentiates in a meaningful way? Green outlined […]

Promotions, Execution, and Carve-Outs Under Big Bang Theory

By HR Daily Advisor Staff Oct 18, 2011 Benefits and Compensation

Updated: Oct 18, 2011

Hellerman and Kochanski, who are Sr. Vice Presidents at Sibson Consulting, offered their tips at WorldatWork’s Total Rewards Conference and Exhibition, held recently in San Diego. Promotions as Performance Reward Big Bang Companies manage promotions and the accompanying promotional increase as a key reward for high performance, says Hellerman. Sameness Big Bang Promotion is an […]

Big Bang Theory of Pay for Performance

By HR Daily Advisor Staff Oct 17, 2011 Benefits and Compensation

Updated: Oct 17, 2011

The Forces of ‘Sameness’ Many factors have created the strong pull towards sameness in compensation: Talent shortages in 1996-1999, 2004-2007 Greater availability of data More effective tools to manage data comparisons Regulations and government scrutiny (Why do you pay the way you do? The easy answer is we do it like everyone else, Kochanski says.) […]