Tag: FARM

Understanding the FARM Components of Compensation

By Bridget Miller, Contributing Editor Feb 17, 2020 Benefits and Compensation

Updated: Feb 17, 2020

Have you heard of the acronym FARM as it relates to compensation? I first heard this term from a BLR® webinar run by Paul Dorf, the Managing Director of Compensation Resources, Inc. (CRI). In that webinar, Dorf noted that a compensation strategy has to incorporate all of the objectives of compensation: to direct what you’d […]

Can’t Pay for Performance if Can’t Measure Performance

By HR Daily Advisor Staff Jun 7, 2012 Benefits and Compensation

Updated: Jun 7, 2012

Workplace compensation is essentially a supply and demand system, says Dorf, who is managing director of Compensation Resources, Inc. in Upper Saddle River, NJ. Supply has been strong, and that means small or no raises, but that is starting to change. A bunch of studies say maybe 60 percent or more of employees would look […]