Tag: Compensation

Use the Reverse Robin Hood Technique for Top Performers

Rob from the poor and give to the rich, says consultant Joseph DiMisa. That’s how to use limited compensation dollars to give real rewards to top performers. bigger rewards to your top performers, says DiMisa. Rewarding performance is the first of his incentive design challenges for 2013. DiMisa, who is senior vice president, Sales Force […]

Training & Development Survey Results–How Do You Compare?

Top compliance training topics for employees are new hire orientation (79%), sexual harassment (75%), and discrimination (69%). For professional development training for employees, job-related skills leads the list (73%), followed by communication (66%), customer service skills (59%), team building (49%), computer skills (46%), and time management (36%). The survey also covered: HR’s Role in Training […]

First Rule of SM Sourcing? Don’t Be Creepy!

People you contact are going to want to know: How did you find me? How did you know that I can …? Maintain transparency, says Dingee. Explain how you found them. You’re not hacking, you’re searching the Internet for publicly available information. Dingee’s tips came at the Advanced Employment Issues Symposium in Las Vegas. (Info […]

Strategic Comp Plan? ‘This Is Not Easy Stuff’

[Go here for #1 to #3] #4: Competitive Reference Points Describe the comparator group(s) for your rewards package Determine industry/geographic competitors For signature programs, what are the benchmarks #5: Competitive Positioning Describe your desired position vs. the market. If your position is below market average, be prepared to explain why. Honesty is a positive message, […]

Expert’s Secrets of Social Media Candidate Sourcing

Just for example, says Dingee, do an advanced search on LinkedIn, say, for an HR manager near ZIP 06475 in banking. Here’s the search: Dingee’s tips came at the Advanced Employment Issues Symposium in Las Vegas. (Info on this years’ symposium here. ) Here are some of the results: Dingee recommends paying for enhanced service […]

Performance Appraisals 2013–What’s Happening in the Real World?

Please participate in our brief survey and see how what you are doing stacks up against what other successful companies are doing. We’ll get answers to these questions and more: What do your performance appraisals measure? Which employee groups receive what types of appraisals? Do you use performance management software? If so, what software really […]

Typical Platitudes Aren’t Enough for Your Compensation Strategy

You need something more than platitudes to get and retain the people you want, says Csizmar, who is founder and principal of CMC Compensation Group. What Are We Talking About? When we talk strategy, we’re talking about “a plan, method, or series of maneuvers for obtaining a specific goal or result.” It’s a guideline or […]

Employee Engagement and Retention—32 Things to Do

Most experts believe that engagement is not all about money. There are actions you can take that could be effective at retention of high potential and/or key player employees. For example: Talk to the employees and let them know that you value their services and that you have high hopes for their futures at your […]

Pay for Performance Requires SMART Goals

Yesterday’s Advisor offered success factors for pay for performance. Today, consultant Diana D. Neelman, CCP shows why pay for performance can fail, and we introduce you to a unique 10-minutes-at-a time training system for supervisors. Making Sense of Goals and Objectives Neelman offers the following suggestions for making goals and objectives truly helpful: Make performance […]

Turnover Armageddon? Could Be Heading Your Way

If your organization is like most, workers have been patient about compensation for several years of low or no raises. They understood that their organizations were squeezed by economic pressures, and they were also held back by general insecurity about changing jobs in tricky times. But patience is wearing thin, and indications are that as […]