June 18, 2009 8:38 amPublished by Michael BoyetteLeave your thoughts
Make Salary Compensation Data Work For You If you’re responsible for salary compensation planning in your organization, you know the problem: You’re using an outside salary survey to work out…
June 18, 2009 6:42 amPublished by Michael BoyetteLeave your thoughts
Keys to Making A Compensation Program Work The first principle to an effective compensation program is to operate with as few people as possible. There’s a reason these days why…
June 18, 2009 4:59 amPublished by Michael BoyetteLeave your thoughts
How you Title a Job is Critical to the Compensation Program Let’s talk about the first one, failure to control job titles. At the basis of any good compensation program…
June 17, 2009 9:27 amPublished by Michael BoyetteLeave your thoughts
How much influence can one really have over goals in employee incentive plans. Some of the advantages of a group pay for performance plan are that it’s much easier to…
June 17, 2009 7:21 amPublished by Michael BoyetteLeave your thoughts
Salary compression can be the cause of serious mistrust Compa ratio (Comparison Ratio) is the equivalent of saying replacement cost. In other words, what are we paying you already, compared…
June 17, 2009 4:19 amPublished by Michael BoyetteLeave your thoughts
An Employee Incentive Plan Should Allow Some Managerial Discretion In a group employee incentive plan, it may be much easier to figure out what the group performance measure should be….
June 17, 2009 4:15 amPublished by Michael BoyetteLeave your thoughts
An Incentive compensation plan can run into major problems with overtime laws and hourly employees. I generally advise clients to make non-exempt or hourly employees not a part of the…
June 17, 2009 4:14 amPublished by Michael BoyetteLeave your thoughts
An Incentive compensation plan can run into major problems with overtime laws and hourly employees. I generally advise clients to make non-exempt or hourly employees not a part of the…
June 17, 2009 3:13 amPublished by Michael BoyetteLeave your thoughts
With individual pay for performance, there’s less direct supervision required There are advantages and disadvantages to each type of individual incentive program. They can actually help relate employee compensation to…
June 17, 2009 2:38 amPublished by Michael BoyetteLeave your thoughts
Individual incentive compensation management plans are limited to very quantifiable performance measures When we talk about incentive compensation management, incentive programs can be split into two major types. The first…