Editor's Note: Today, via Jim Brennan's Classic post, we look at rewards that don't ... or (worse) create problems and inequities of their own. Bet you have examples of your own to share! When adding a new maxim to my ever-expanding list of Brennan’s Laws, I rediscovered this... Read More
Compensation Café"Serving up straight talk, original thinking and caffeinated discussion on everything compensation"
Most of us start to feel a shade uncomfortable once we step away from our comfort zone, from whatever it is within our normal environment that we're accustomed to doing, behaving or surrounding ourselves with. We're creatures of habit, and feel that those habits came to us honestly,... Read More
Editor's Note: Are you rolling into the New Year on autopilot? Not so fast, says Chuck Csizmar, in this Classic cautionary post. A new business year brings with it both the end and the beginning of the company’s annual management incentive plan cycle. While the left hand is busy... Read More
Still haven't solved that compensation issue that's been nagging at you? (Sometimes, for years?) You know, the one that is easy to avoid because, after all, you're the only one who knows how much value the upgrade would have. Every now and then you realize the guilt you feel about... Read More
Editor's Note: How do we create and keep engagement scorecards that work for all employees, at all stages of their careers? Derek Irvine takes up the conversation in this Classic post. An interesting article in Huffington Post caught my eye recently. How do you measure impact of efforts to... Read More
Compensation Force"Practical news, information, tips and musings about employee performance and compensation"
A recent conversation about management participation in a compensation review brought to mind a client project where we made a big bet on involving managers. I was engaged to conduct a review of the company's compensation and benefits practices. Managers in one particular division had... Read More
Need more proof that carelessly designed incentives can do more harm than good? Check out Wikipedia's list of perverse incentives. Perverse incentives, by definition, are those that produce unintended negative consequences. A few laughs and some solid food for thought. A couple of my... Read More
The path to value creation, according to many in the private equity sector, is through return on invested capital (ROIC). Indeed, they tell us, the best way to create real value in a businessis by making smart capital investment decisions. This should interest us, as HR and reward professionals,... Read More
Many HR and reward programs today operate on a competency-based platform, where the fundamental building block is a set of core competencies (defined in the WorldatWork glossary as behaviors, attributes or skills that are predictors of personal success). Recently revisiting a Harvard Business... Read More
How far can an incentive program go in driving the efforts and behaviors necessary for improvement and innovation, when the organization itself has placed large rocks in the way? Paul Hebert has written great posts on motivating people to be innovative (see here and here). One of Paul's... Read More