Tag: Compensation

Innovative Online Total Comp and Benefits Statement Gets Rave Reviews

The pair laid out the approach Abbott used to develop a highly successful on-line portal that offers candidates and employees one-stop total compensation information. Senner is Division VP, Compensation, and Johansen, CBP, CCP, is Director International Compensation & Global Programs. They offered their tips at WorldatWork”s Total Rewards Conference and Exhibition, held recently in San […]

UnLeadership — The 4 Traits Managers Must Learn to Avoid

The other day a colleague passed along an article on leadership written by Michael Hyatt. The piece was titled, “The Five Characteristics of Weak Leaders” and focused on the leadership of General George B. McClellan, the first general-in-chief of the Union Army. It detailed the weaknesses McClellan exhibited as a leader and how they ultimately […]

UnLeadership — The 4 Traits Managers Must Learn to Avoid

Here’s Oswald’s take on the “F” Word: According to the article the writer analyzed 50 recent news releases announcing coaching changes in college football and basketball. Of the 50 releases reviewed, not a single one contained the word “fired” — zip, zilch, nada. “How can that be?” Well, while none of the coaches was fired, […]

SPIFFs Turbo-Charge Your Salespeople? Experts Say ‘Yes”

Colletti is Managing partner of consulting firm Colletti-Fiss, LLC; Fiss is a partner. They shared their tips at the WorldatWork’s Total Rewards Conference and Exhibition, held recently in San Diego. What’s a SPIFF? Several phrases have been proposed as possible origins of the acronym SPIFF (e.g., “Sales Performance Incentive Fund,” and “Special Pay Incentives For […]

Turbo-Charge Your Sales Incentive Program

The three turbocharged techniques Coletti and Fiss suggest are: Fast Start Bonuses, OA incentives, and SPIFFs. Colletti is Managing partner of consulting firm Colletti-Fiss, LLC; Fiss is a partner. What Can You Expect from Turbo-Charging? Fast start bonuses are helpful to counter seasonality or cyclicality in buyer purchases, and to help realize more revenue sooner, […]

7 Must Read Comp Articles

The Top 5 Compensation Habits to Kick Most comp managers have a few bad habits, but they’re hard to break, say experts Stacey Lunches and Breaks—’Little’ Violations, But Fines Add Up Quickly In yesterday’s Advisor, we covered two of the most common wage/hour violations; today, more violations. Pay Never Goes Down? Another Bad Habit In […]

You Discriminated, I’m Depressed, I’m Taking FMLA

Segal, a partner in the Philadelphia office of law firm Duane Morris, delivered his suggestions at as recent Society for Human Resource Management Annual Convention and Exhibition. [Go here for appraisal mistakes 1 through 8] 9. Delaying implementation of discipline decision Unfortunately, when you delay a discipline decision, you open a window for the employee […]

Appraisals: Not Legally Required, But Legally Recommended

Don’t tell the CEO who wants to terminate without documentation, "You can’t terminate." Say, "If there is a legitimate non-discriminatory reason for this termination, you can do it, but in the absence of documentation, there is substantial risk. I would prefer not to be married to this employee in lengthy litigation. Maybe if we do […]

Sorry, You Didn’t Get the Promotion

If Mike (less successful as a salesperson but more qualified for sales manager) gets the promotion, how do you minimize the risk that Sara (the superstar salesperson who was less qualified to be manager) will be upset? (Go here for the first part of the story.) Janove, author of the  The Star Profile, suggests that […]

Avoid Peter Principle Promotions with Star Profile

Janove created the "Star Profile" to provide a basis for mutual understanding between direct reports and their supervisors. One of its benefits, outlined in Janove’s book, The Star Profile, is that it helps management avoid dreaded "Peter Principle" promotions. Peter Principle Promotions Dr. Laurence J. Peter and Raymond Hull‘s 1968 book, The Peter Principle, theorized […]