Tag: Employee Compensation

Reward Next Practices—What’s Happening to Total Rewards?

The bad news is that many still find it hard to maintain an effective rewards system. McMullen is Reward Practice Leader for Hay Group in Chicago. He was joined by Dow Scott, Professor of Human Resources in the Quinlan School of Business Administration at Loyola University Chicago and president of Performance Development International, a management […]

#1 Mistake Managers Make that Makes Great People Quit

A Players Don’t Have to Play on B Teams Kleiman uses baseball analogies for clues about why managers lose A players: A players never have to play on a B team, he says. And they don’t want to play with B or C players. That makes for problems when A players’ managers retain poor performers, […]

Stop with Selecting the Best Applicants … Start Selecting the Best Employees

Kleiman, who offered hiring tips at BLR’s HR Strategic Summit held recently in Scottsdale, Arizona, will be speaking on the topic in an upcoming BLR® Webinar. Finding A Players Kleiman offers four sources of great new employees that are free and easy. Former Employees Former employees who left the company and came back are great […]

Keys To Selling Your Ideas: Consider Context; Make It Personal

Pink’s best-selling titles include Drive: The Surprising Truth About What Motivates Us and To Sell Is Human: The Surprising Truth About Moving Others. Pink’s remarks came at SHRM’s Annual Conference and Exposition held recently in Chicago. [Go here for takeaways 1 and 2.] 3. Don’t forget the importance of context. To illustrate the importance of […]

Comp Managers Need to Learn How to Sell

Pink’s best-selling titles include Drive: The Surprising Truth About What Motivates Us and To Sell Is Human: The Surprising Truth About Moving Others. Pink’s remarks came at SHRM’s Annual Conference and Exposition held recently in Chicago. Pink says that one in nine workers in the United States actually works in sales. That’s about 15,000,000 Americans […]

How Is Compa-Ratio Used in Employee Compensation?

Do you use compa-ratios to check to see if your employee pay is meeting your organization’s compensation goals? What is a Compa-Ratio? For those of us just getting started with compensation metrics, the term “compa-ratio” may sound foreign. What is it? What does it do? “It’s basically taking a salary and dividing it by the […]

Step by Step—Selling Your Ideas to the CFO

Read what your CFO reads, Ahlrichs says, and send article clippings to the CFO to make your case over time. For example, says Ahlrichs, check out: CFO Magazine CFO.com The Economist Ahlrichs, a consultant with Gregory & Appel in Indianapolis, offered his take on CFOs at SHRM’s Annual Convention and Exposition held recently in Chicago. […]

Talking to Your CFO—Critical Skill

HR tends to avoid CFOs and knows little about them, says consultant Karl J. Ahlrichs, SPHR. CFOs are often reclusive and cautious, but you are not going to be successful if you can’t sell ideas to the CFO. Why is the relationship with the CFO so important? CFOs often have the final approval of HR/compensation […]

SMART Goal-Setting—Key to Pay for Performance

Making Sense of Goals and Objectives Neelman offers the following suggestions for making goals and objectives truly helpful: Make performance management an important aspect of a manager’s evaluation. Limit evaluations to critical goals that employees can impact. Three to five goals is usually most appropriate. No more. Goals should enhance the employee’s performance in his […]

Comp Philosophy? Yes, You Must Have One

Yes, it’s worth the time and focus on your compensation philosophy, because it is the basis for everything you do in compensation. You need to get it to paper so execs, managers, and employees understand, says Rizzuti. Rizzuti, who is a principal and senior consultant with Compensation Resources, Inc, in Upper Saddle River, New Jersey, […]