Across-the-board increases and the entitlement mentality are out, and the pay-for-performance mentality is in, says Consultant Teri Morning, MBA, MS, SPHR, SPHR-CA. Organizations are looking for less expensive, less permanent solutions, such as lump sum payments, bonuses, or just paying top performers, she adds. Increasingly, employers are less averse to withholding merit increases for poor […]
The current global economic environment means executives are thinking about reward program management in new ways, says consultant Tom McMullen. The good news is that Hay Group studies show human capital concerns rank number one. What’s the Deal with the ‘Regular Rate’? FThe bad news is that many organizations still find it hard to maintain […]
Yes, pay for performance applies to all levels of jobs, says consultant Katie M. Busch, but there are some caveats when you offer incentive programs to nonexempts. Variable pay is a powerful communicator of values and directions and changing business needs, says Busch. However, with nonexempt employees, it is particularly important that: The amount of […]
Two primary perspectives exist when it comes to employee reward programs: Reward programs are seen as a cost of doing business, in which case the goal is to minimize the costs. Reward programs are seen as an investment, in which case the goal is to optimize the return on the investment. Organizations, including their managers […]
Perceived fairness of employee rewards (or the lack thereof) is often at the root of why employees leave organizations. The idea of fairness also determines if an employee will make an extra effort to reach organizational goals or even the objectives of his or her own job. For these reasons, it’s vital for organizations to […]
Every year, BLR’s HR editors select ten key topics we think will be at the forefront in the following year, and we offer best practices for each topic. This year, we will feature free best practice reports under each category. Simply click on the links below to download the featured reports. More reports will be […]
Flexible work schedules come in three basic varieties: flexible hours, compressed workweeks, and telecommuting. What are the differences and which one might be a good fit for your workplace?
They work different hours. They speak a different language. And they’re motivated by different compensation considerations than the rest of your workforce.