Compensation Practices Should Not Be an Oral Tradition
We spoke with Dan Walter, CEO of compensation consulting firm Performensation, who urges compensation pros to avoid the path of “Beowulf.”
Tag: Dan Walter
Is Pay-for-Performance the “New Normal”?
Pay-for-performance, once considered a cutting-edge compensation strategy, has now gone mainstream. Dan Walter, CEP of Performensation, says that competition, performance, and reward have become so intertwined and such an integral part of our everyday lives that they should unquestionably affect the way employees are paid. Today and tomorrow, we’ll share some of his insights in […]
4 Biggest Risks of Pay-For-Performance
Pay-for-performance programs are being implemented with increasing regularity by organizations today. The ability to see that direct correlation between an employee’s contributions and how much they are paid is appealing to employers and employees alike. However, it doesn’t come without risks. Here are 4 of the biggest risks employers face when implementing a new pay-for-performance […]
5 Reasons to Embrace Pay-For-Performance
Pay-for-performance is fast becoming the new normal. We are seeing it in use by more and more companies to get the most out of the reduced compensation budgets we’ve had in recent years. “Everything in our daily lives is more performance-based than it ever has been in the past. In many professions, performance pay has […]