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Tag Archives: compensation
Success with Pay for Performance
As discussed in the last post, perceptions regarding pay for performance may vary by level in an organization. Although most would agree that no one believes their system is perfect, perceptions on how well this compensation strategy accomplishes it stated … Continue reading
Posted in Compensation, Organizations, Performance
Tagged compensation, customer experience, pay, pay for performance, performance reviews, reviews
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Assessing Value: Example of a Compensation System
A key element of the rise of human resources as a profession and an organizational partner relates to adding value. The more we can turn our scarce resources into outcomes of greater value, the more we benefit the organization. Put … Continue reading
Posted in HR Operations, Workforce
Tagged adding value, compensation, HR Operations, value
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Defining Value
Most of us have dealt with the compensation and classification system in our organization in one capacity or another. As managers, we use the system when we hire, promote, and evaluate while as human resource professionals the system provides the … Continue reading
Posted in Compensation, HR Operations, Workforce
Tagged classification, compensation, pay increases, raises
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Importance of Job Worth
Most of us equate at least a portion of our personal value or identify to our job. Two of the main reasons for the lack of autonomy between the spheres relates to the percentage of our lives we spending working … Continue reading
Posted in Compensation, HR Operations, Organizations, Workforce
Tagged compensation, pay increases, raises
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Compensation Dilemmas
As the economy starts to improve, more organizations are turning their attention to considering the best course of action for improving compensation competitiveness once resources become available. Not all organizations have resources available right now, but the number anticipating taking … Continue reading
Where is the Money?
With the economy showing some signs of coming back, more employees are starting to hope that their patience and diligence from the last few years will be rewarded. In many organizations, we are entering year four or five without any … Continue reading
Public vs Private Sector Pay: Comparisons and Differences
The raging debate over if the public is paid more than the private sector has heated up since the beginning of the recession. Although think tanks, compensation professionals, and other leaders in both sectors have been discussing the evidence for … Continue reading
Labor Market: Challenges and Complaints
Up to this point we have looked at how to make the labor market survey process successful. We have discussed the questions to ask, how to structure the survey based on the information desired, and how to ensure the analysis … Continue reading
Labor Market: Real Analysis of Survey Data
We live in an era when data is king. Now more than ever, everything is counted, analyzed, and reviewed in almost every facet of our lives. Over the last several decades, most organizations have significantly increased the amount data available, … Continue reading
Labor Market: Getting It Right
Matching or determining what goes together is a basic human cognitive ability. If you have children, you probably witnessed the surprising desire and ability of very young children to put similar things together. More than once, I wandered through the … Continue reading