Tag: Compensation

The 10 Steps to Effective Market Pricing

Bottos, who is Vice President of Compensation at data provider Kenexa, offered her suggestions at a recent webinar sponsored by the company. Here are her 10 steps: 1. Analyze your organization’s jobs to determine: Main function of the job and key responsibilities Knowledge/skills/abilities required Organization level and reporting relationships 2. Develop a brief job summary: […]

Incentives or Disincentives? More Mistakes That Send Salespeople Packing

McAnally is president of SalesComp America, in Andover, Massachusetts. Killer #7. Design Comp Plans That Don’t Match Company Goals [Go here for mistakes 1 to 6.] Nobody’s going to be happy with the sales force if compensation plans don’t match up with company goals. Say you’re trying to launch a new product that is much […]

Pay Never Goes Down? Another Bad Habit

In yesterday’s Advisor, we featured the first three of Stacey Carroll and Al Lee’s “bad compensation habits.” Today, more bad habits, and an introduction to a unique FLSA audit system that detects problems before the feds do. Carroll is Director of Professional Services and Education at Payscale, Inc.; Lee is Director of Qualitative Analytics. Their […]

How to Incentivize Your Best Salespeople … to Leave

Is your sales compensation program actually sabotaging your results? It probably is, if it’s guilty of the frequently committed faux pas detailed below. They’re from Alan McAnally, sales consultant and president of Andover, Massachusetts-based SalesComp America, in an article on the company’s website. We’ve abstracted the gist of these sales force killers here. Killer #1. […]

The Top 5 Compensation Habits to Kick

Most HR managers only have a few bad compensation habits, but they’re hard to break, say experts Stacey Carroll and Al Lee. In today’s Advisor, their “Top 5” bad habits in compensation. Carroll is Director of Professional Services and Education at Payscale, Inc.; Lee is Director of Qualitative Analytics. Their remarks came at a recent […]

Don’t Follow HR Policies of ABC’s New ‘Pan Am’

Rigorous Inspections for Employee Attire Prior to flight, the female employees file into a beauty inspection where their attire is inspected — one woman is singled out for a torn stocking and must borrow a pair from a co-worker. Each is also required to pass a weigh-in, and must attest to the fact that she […]

Please Sue Me? Teach Your Managers the YouTube Test

It used to be the ’60 Minutes Rule,” but lawsuit avoidance expert Hunter Lott now encounters people who say 60 Minutes, what’s that? So he advocates the ‘YouTube Rule”—don’t do anything in the office, he says, that you wouldn’t want to see on YouTube. Lott, who is a popular speaker and consultant and owner of […]

Get Analytical to Manage Comp Says Combearsation Manager

Compbearsation Manager? Tanis is Manager, Compbearsation and HRIS for Build-a-Bear Workshop in Saint Louis, Missouri. His “Top 9” came at the recent SHRM Annual Convention and Exhibition in Las Vegas. [Go here for tips 1 to 5.] 6. Get Analytical Identify the indicators and drivers you’ll use to analyze your department’s work, Tanis says.   […]

Is My Local Salary Survey an Anti-Trust Violation?

In yesterday’s Advisor, expert Lena Bottos offered her 10 Steps to Effective Market Pricing. Today, her take on anti-trust issues and an introduction to a unique 10-minutes-at-atime training system. If I call colleagues in other companies to see what they are paying, am I creating a Sherman Anti-Trust Act violation? It’s likely, but there are […]

The 9 Compensation Tasks You Must Do

Missouri. (He also handles compensation.) His remarks came at the recent SHRM Annual Convention and Exhibition in Las Vegas. Here are his top 9 tasks for compensation: 1. Create a Total Rewards Philosophy or at least some “guidelines” Why do you need this? To share with external applicants & associates To create internal leadership alignment […]