Tag: Topic Pay

Spot Awards—A Detailed Plan You Can Use

By HR Daily Advisor Staff Sep 25, 2012 Benefits and Compensation

Updated: Sep 25, 2012

Here are the last two of Cherry and Green’s Six types of incentive. [Go here for the first four types.] Cherry and Green are both principals at HR consultant Hay Group. They offered their tips at a recent webinar hosted by BLR and HR Hero. Plan Type Overview Advantages Disadvantages Recognition Cash or non-cash reward […]

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 […]