“Serving up straight talk, original thinking and caffeinated discussion on everything compensation”
Isn’t this the time of year when major projects are planned? For example, if you’re designing a new pay or sales compensation program. These projects take three or more months to complete and involve large, diverse project teams. Like every project, you will start with the end in mind,… Read More
Editor’s Note: The New Year could be a new chance to step up your pay-for-performance game, says Chuck Csizmar in his Classic post. The business year has ended, but managers everywhere are turning their thoughts to receiving one last Christmas present. The calculators are out and every… Read More
Editor’s Note: As we bring 2020 to a close and look to the New Year, it’s a great time for Dan Walter’s Classic reminder about and analogy for reflecting on the concept of Total Rewards. World at Work defines Total Rewards as: “All of the tools available to the employer that… Read More
Being locked up at home for the past nine months has given me the time to watch some videos that wouldn’t have made the list in a normal year. The rabbit hole of streaming information recently brought me to a series of videos on triathlons. Watching a few of these events (appropriately sped up)… Read More
Compensation Force
“Practical news, information, tips and musings about employee performance and compensation”
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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
