Practical HR Tips, News & Advice. Updated Daily.
Yesterday, we shared some insights on executive compensation committees from Robin A. Ferracone, chief executive officer and founder of Farient Advisors. Today, her views on why compensation can be extremely emotional—and why this shouldn’t be overlooked when you’re managing executive compensation.
Most of us will work our entire lives without ever being present at—let alone participating in—a Board of Directors’ meeting. However, Robin A. Ferracone, chief executive officer and founder of Farient Advisors, has been in more compensation committee meetings than she can count over the course of her career.
Yesterday, we got some good insights on pay-for-performance from Dan Walter, CEP of Performensation. Today, his surprising take on complexity within your pay-for-performance system.
Pay-for-performance, once considered a cutting-edge compensation strategy, has now gone mainstream. Dan Walter, CEP of Performensation, says that competition, performance, and reward have become so intertwined and such an integral part of our everyday lives that they should unquestionably affect the way employees are paid. Today and tomorrow, we’ll share some of his insights in […]
President Woodrow Wilson was once asked how long it took him to prepare his speeches, and his answer was quite telling. “That depends on the length of the speech,” said Wilson. “If it is a 10-minute speech, it takes me all of two weeks to prepare it; if it is a half-hour speech, it takes […]
Yesterday, we looked at the types of employee bonuses you might wish to consider offering as well as some of the pros and cons. Today, we turn to sales team incentives, which are in a category all by themselves.
“Bonus” is a term we’re all familiar with in a general sense, but today we’re going to step back and look at the concept in the context of your overall compensation strategy.
Do your team members know what the ultimate objective is for each project they work on? Do they know what the purpose is—what they’re trying to achieve? Are you confident that you consistently communicate exactly what the goal is for each and every project?
Yesterday, we looked at telecommuting—aka “the benefit that keeps on giving” to both employees and employers. Today, our take on another low-cost yet highly beneficial activity you’re probably not spending enough time on: updating your job descriptions.
Established in 1913, the Department of Labor (DOL) has legal responsibility over matters related to employment. On their website today, they state their mission[i]: