Tag: Product Compensation

Comp Stagnated for 2 Years? Time to Reboot

Here’s what’s on comp managers’ minds, says Neelman: Evaluating market competitiveness, especially if pay has been stagnant at your organization Keeping on track with your strategic plan, typically refocusing on growth Increasing attention on incentive pay and pay to performance Using compensation dollars more effectively Differentiating pay based on performance, even if differentiation is modest […]

‘Only Women Can Be True Victims of Domestic Violence’ (Your Manager?)

DOL’s  recently released Questions and Answers: The Application of Title VII and the ADA to Applicants or Employees Who Experience Domestic or Dating Violence, Sexual Assault, or Stalking, offers examples of employment discrimination and retaliation that may be overlooked. What are some examples of employment decisions that may violate Title VII and involve applicants or […]

C-Suite—What to Say and What NOT to Say

Csizmar, who is founder and principal of CMC Compensation Group, offered his tips at a recent webinar sponsored by BLR. The Recommendation to Management Finally, you get to make your presentation to senior management, says Csizmar. The trick is to get them nodding their heads first before your recommendations see the light of day Tell […]

Making the Pitch for Your 2013 Compensation Plan

Csizmar, who is founder and principal of CMC Compensation Group, offered his tips at a recent webinar sponsored by BLR. Start with your compensation strategy. Says Csizmar. You have to insure that what you recommend is in line with the company’s compensation philosophy. Take into account management bias. Yes, every company has biases, Csizmar says. […]

Signs of Disengagement—and What to Do About It

Botwin, who is CEO of SPC (Strategy People Culture) Consulting in Florham Park, New Jersey, offers 14 signs of disengagement: Signs of Disengagement High turnover Lack of cooperation Lack of feedback Shaving of hours Absenteeism Quality less than capability Customer complaints High shrinkage Lack of pride/care in the business Lack of creativity and new ideas […]

Managers Think It Is, But It’s Not (All About the Money)

Botwin, who is CEO of SPC (Strategy People Culture) Consulting, offered his engagement tips at BLR’s Advanced Employment Issues Symposium held recently in Las Vegas, Nevada. What Managers Think Employees Want In one study by the Labor Relations Institute of NY, managers selected, in order,  the following as what employees most value: Good wages Job […]

Talking Turnover with Top Management

Start with this simple distribution chart, says Ahlrichs, who is owner of ExpertSpeaks, and a consultant and business developer for Gregory & Appel. Distribution of Producers Which ones do you really want to keep? If we agree that we want to keep the top 16%, says Ahlrich, then we need to address turnover. That means […]

Pregnancy Discrimination—What to Expect When Your Employee Is Expecting

“All pregnant employees should stop work 30 days before their due dates.” “Pregnant women should stay out 6 weeks after the birth.” “I’m not hiring a pregnant applicant—she’ll just go on leave the day I get her trained.” “Pregnant women shouldn’t be working after the baby comes.” These ideas are out there, but they’re all […]

Suggested Metrics for Compensation and HR

Metrics for Compensation Programs Compensation costs per dollar of profit Compensation costs per dollar of revenue Analysis of performance and production levels of employees paid in the top 30 percent of their salary range Total compensation costs as a percent of total company operating costs Analysis of compensation levels to the marketplace and key competitors […]

The 10 Times You Should Offer a Signing Bonus

Can I offer a bonus? Should I offer a bonus? How big should it be? Confusion often reigns, says Csizmar, who is founder and principal of CMC Compensation Group. Sign-On Bonuses Are Like Wallpaper Csizmar says the sign-on bonus is wallpaper used to cover cracks in the employment offer. It says, We know our offer […]