Answering some key questions can help to determine if a variable pay plan is right for your organization. If so, clearly communicate with workers about the intended goals of the plan, the size of potential bonus and what they must achieve to earn it.
As more organizations abandon annual scale-based employee ratings, new research suggests how ratingless reviews can put the focus on performance and consequences, which is a more effective way to evaluate, and reward, employees.
There is a divide in corporate boardrooms between CEOs and directors on how to measure executive performance, even as directors give CEOs considerable credit for corporate outcomes.
Employee rewards are shifting from collective and consistent to increasingly individualized and differentiated, with organizations continually optimizing the cost/value relationship with talent. And HR is tasked with navigating this new landscape.
The overtime regulations overhaul will not only alter pay structures but will push some organizations to make benefit cuts. Employers should revisit their total rewards mix and prepare to deal with pay compression issues.
Challenges include whether to use bonuses to push employees over the exempt threshold, whether to make workers salaried but nonexempt, how to confront pay compression, and how to deal with strained compensation budgets.
Yogurt maker Chobani is giving its full-time workers equity awards that could be worth up to 10 percent of the privately held company's future value -- an ownership incentive move more often taken by startups and tech firms than by traditional companies.
The new overtime rules mean tracking time for employees who are not used to recording their hours. For employers now confronting how to track time for newly reclassified employees -- or for any nonexempt employees -- here are some pointers.
The pick-up in economic growth over the past year has raised employees’ expectations of higher pay and richer benefits, new research by the Society for Human Resource Management and others shows.
With wages stagnant for much of the labor force, relocation can be a viable option for those in search of higher salaries. But job seekers should look beyond base compensation and consider other measures related to the cost of living.
Should multinational companies manage employee compensation as a global whole, allow local compensation practices to predominate, or perhaps take a hybrid approach?
Judging from recent new-graduate pay surveys, the word Millennials should keep in mind is “engineering,” although, on the HR front, positions in employee relations and benefits administration also stand with attractive pay metrics.
The U.S. labor market demonstrated its improvement in the first quarter of 2016 with discernible acceleration in wage growth, as employers react to a tightening labor market by boosting wages.
Employers overwhelmingly think they pay their workers fairly, but most employees don’t agree. That disparity is an opportunity to manage the perception gap.
Tax season may be over, but for employees with compensation arrangements involving stock-based plans, it’s time to start planning for next year’s taxes.