Gathering Information For the New Age of Compensation Two case studies illustrate how to meet top management’s demand for more and more relevant compensation information. The rules of the compensation game are changing and so are its information needs as companies introduce new compensation approaches, such as broad banding, skill-based pay, and broad-based incentives that …
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The Strategic Association Assessment Are any (or all) of these long-term trends impacting your association? A proliferation of Internet sites offering access to up-to-date information, e.g. list serves and blogs, or professional networking sites, e.g., LinkedIn? Mergers and other forms of consolidation occurring in your industry or profession? The emergence of “for-profit” organizations providing traditional …
5 Tips for Setting KPIs to Measure Success of a Compensation Consulting Project In a previous post, we talked about using SMART objectives for compensation consulting projects and the importance of Key Performance Indicators, or KPIs. But how do you identify the correct KPIs that will serve as Indicators of Success, a measurement of the success of …
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Use SMART Objectives for Compensation Consulting Projects You know your company has a problem and needs help. Perhaps you’re losing employees who claim their salaries are not competitive with those offered by your competitors. Perhaps you need an employee incentive plan but don’t know where to start. Maybe your performance management program is not producing …
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How Compensation Consultants Can Help Your Business Grow After your customers, your employees are the life blood of your business. Maintaining good morale and loyalty is essential to retaining them – and avoiding the costs associated with replacing employees who leave. Perhaps your employees have been asking for raises, claiming they are underpaid. How do you …
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Hitting the Target: Take Stock of Sales Roles and Compensation It’s that time of year again when sales organizations review performance against sales goals and start thinking about next year. But this year, I propose that companies take a more thorough approach to this process by: Making sure sales goals truly support overall corporate objectives; …
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Bulletproof Your Compensation Practices to Retain Top Talent Attracting and retaining key employees is more important than ever for your company to survive the post-pandemic economy. If your compensation package doesn’t reflect current industry standards, your best employees may jump ship in these turbulent times. Download your FREE copy of “Bulletproofing Your Compensation Practices to …
The 4 Biggest Myths about Compensation Consulting Projects Engaging a compensation consulting firm to perform a compensation analysis project can be intimidating. It’s a little bit like being an 18-year-old and the first in your family to apply to an Ivy League school. What if you actually get in? There will be times when you’re …
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