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There are seven basic merit allocation strategies, says Consultant Whitney Herrington. Compensation managers should be familiar with them all, including when they are appropriate (and when they are not).
There are seven basic merit allocation strategies, says Consultant Whitney Herrington. Compensation managers should be familiar with them all, including when they are appropriate (and when they are not).
Pay for performance is the order of the day, but you can’t have pay for performance if you can’t measure performance in a meaningful way. Unfortunately, there are significant pitfalls to avoid when conducting your performance reviews. In today’s Advisor, we’ll get tips from expert Armstrong on how to make performance appraisals more meaningful for […]
And to make matters worse, compensation policy-making and enforcing has gotten harder, says Greene, CEO of Reward $ystems Inc., in Glenview IL. Greene’s remarks came at the recent 2011 World at Work Conference in San Diego. Why is policy making tougher today? People are more mobile, and they’re onsite and offsite Critical skill shortages exist […]