Tag: Compensation

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 […]

10 Steps to Effective Market Pricing

Delivering fair pay has never been an easy task, and today’s economy makes it just that much more difficult. Expert Lena Bottos, CCP, GRP, offers a 10-step approach for getting market pricing right. Bottos, who is Vice President of Compensation at data provider Kenexa, offered her suggestions at a recent webinar sponsored by the company. […]

Untethered Workforce Makes Communicating Comp a Challenge

The important lesson from yesterday’s Advisor was to view incentive compensation as a way to drive business results. Determine what is important to your customers, and then create incentive goals to support that. Divide your employees into business groups, advises Mark Mitchell, managing director of American’s Customer Experience area. Let the employees have a voice […]

Targeted Incentive Comp Works For Airline, Employees

Mark Mitchell, managing director of American’s Customer Experience area, tells the story: “In the middle 2000s, maybe 2003 to 2006, as American worked very diligently to take the right path financially and not go through the bankruptcy courts, we preserved cash and ceased investing in some of our core products. Our customers, our employees— maybe […]

Never Uncapped, Short and Long Term, with Clawbacks

 “We’ve looked at hundreds of companies’ plans,” Dolmat-Connell says “I guess if you could boil it down, there are three key pieces of advice.” (Dolmat-Connell is president and CEO of compensation experts DolmatConnell, & Partners in Boston, Massachusetts.) First of all, he says, make sure you don’t have uncapped plans. Second, make sure you balance […]

Incentive Comp Threatening Your Organization? Think AIG

In spite of the old saying that a salesperson cannot be overpaid, it seems that one indeed can be. And they were, says Dolmat-Connell, president and CEO of compensation consultants DolmatConnell & Partners. He points to AIG as a prime example of where things went wrong.  “They had traders whose pay was $100,000 a year, […]