Resources & Perspectives
News and Insights
Resources
Compensation Strategy
- Compensation Programs - Business & Legal Reports
“We talk a lot about pay for performance, but in general, we don’t connect people to the idea that you get out of it what you put into it.”
Economic downturns are an opportunity for employers to seek new compensation strategies. Business & Legal Reports, Inc.
- Total Rewards: The Employment Value Proposition - WorldatWork
“Pay should provide employees with a fair return on their investment of time, skills and energy, but ideally, it should not provide them with the fundamental reason they come to work each day.”
Do organizations really need a pay philosophy to identify how to attract, retain, and motivate employees? Or can a more holistic approach to the employment value proposition create greater returns? Workspan.
- New Rules for Managing Compensation in a Recession - Workspan Magazine
“Focus less on market pay competitiveness and more on total payroll effectiveness.”
To respond to serious economic pressures, organizations should consider new rules for managing compensation. WorldatWork.
Base Pay Management
- Compensation Programs - Business & Legal Reports
“We talk a lot about pay for performance, but in general, we don’t connect people to the idea that you get out of it what you put into it.”
Economic downturns are an opportunity for employers to seek new compensation strategies. Business & Legal Reports, Inc.
- Market Pricing Versus Job Evaluation: Why Not Both? - Business & Legal Reports
“My approach is that both are tools and we need to put them in their proper places. Both approaches provide information and important data points, assuming they are of good quality. Without each other, each approach provides somewhat limited value.”
Summary: Is it better to use job evaluation or market pricing when determining employee compensation? Most compensation professionals and consultants come down firmly on the side of either job evaluation or market pricing. But the decision is not that cut-and-dried. Compensation.BLR.com.
Incentive Pay
- Choose Wisely - Synygy Magazine
“Instead of throwing a bunch of money at our high performers, we need to study them and use our learning to lift up the entire sales force.”
What’s the secret to sales success? There’s more to it than money. Synygy Magazine.
- How the US Mint Has Profited from Gainsharing - Pay for Performance Report
“The powers that be at the Mint recognized that some sort of pay plan would be needed to help ‘inspire’ employees – particularly those who had been there a long time and who were set in their ways – to embrace even more change.”
Pay-for-performance strategies helped transform the US Mint from a bureaucratic backwater to a well-oiled moneymaking machine. IOMA’s Pay for Performance Report.
- Incentive Pay: Short-term Change Agent or Long-term Success? - WorldatWork
“How long an incentive plan can help motivate employees depends on whether incentives are purely an extrinsic motivator, or whether they support the intrinsic value of the job or working for the organization.”
How can organization’s keep the short-term benefits of incentive pay programs effective over the long term? Workspan.
- Why Did One CVS Incentive Plan Soar While Another Sank? - Pay for Performance Report
“To focus employees on the plan’s reason for being, CVS was careful not to call the program a pay plan—instead, it was referred to as an improvement program.”
A case study in what separates successful compensation plans from unsuccessful plans. IOMA’s Pay for Performance Report.
- New Rules: Paying for Performance Part 1 - WorldatWork
“Forced ranking pits employee against employee in a competition for who gets to keep his or her job. It’s the opposite of teamwork.”
How can organizations best pay for performance while still respecting the dignity and contribution of all employees? Part 1 of 2. WorldatWork.
- New Rules: Paying for Performance Part 2 - WorldatWork
“Somewhere along the way, paying for performance came to mean paying for individual performance… The problem with this approach is that it maximizes individual performance, while not necessarily maximizing company performance.”
How can organizations best pay for performance while still respecting the dignity and contribution of all employees? Part 2 of 2. WorldatWork.
- What’s Next for Executive Incentives? - WorldatWork
Performance Management
- New Rules: Paying for Performance Part 1 - WorldatWork
“Forced ranking pits employee against employee in a competition for who gets to keep his or her job. It’s the opposite of teamwork.”
How can organizations best pay for performance while still respecting the dignity and contribution of all employees? Part 1 of 2. WorldatWork.
- New Rules: Paying for Performance Part 2 - WorldatWork
“Somewhere along the way, paying for performance came to mean paying for individual performance… The problem with this approach is that it maximizes individual performance, while not necessarily maximizing company performance.”
How can organizations best pay for performance while still respecting the dignity and contribution of all employees? Part 2 of 2. WorldatWork.
- Personal Impact Maps Chart the Course to a Shared Vision - WorldatWork
“An inspirational vision has the potential to move the work force to higher levels of stability and productivity if employees understand what it means to them.”
Creating a shared vision for an organization is what differentiates good leaders from great leaders. A personal impact map can help in connecting employees to organizational success. Workspan.
- Personal Impact Map Diagram
A detailed one-page example of a personal impact map that takes specific employee action areas and provides line-of-site to the organization's vision.
Training and Communication
- Personal Impact Maps Chart the Course to a Shared Vision - WorldatWork
“An inspirational vision has the potential to move the work force to higher levels of stability and productivity if employees understand what it means to them.”
Creating a shared vision for an organization is what differentiates good leaders from great leaders. A personal impact map can help in connecting employees to organizational success. Workspan.
- Personal Impact Map Diagram
A detailed one-page example of a personal impact map that takes specific employee action areas and provides line-of-site to the organization's vision.
Job Architecture
- Personal Impact Maps Chart the Course to a Shared Vision - WorldatWork
“An inspirational vision has the potential to move the work force to higher levels of stability and productivity if employees understand what it means to them.”
Creating a shared vision for an organization is what differentiates good leaders from great leaders. A personal impact map can help in connecting employees to organizational success. Workspan.
- Personal Impact Map Diagram
A detailed one-page example of a personal impact map that takes specific employee action areas and provides line-of-site to the organization's vision. - Total Rewards: The Employment Value Proposition - WorldatWork
“Pay should provide employees with a fair return on their investment of time, skills and energy, but ideally, it should not provide them with the fundamental reason they come to work each day.”
Do organizations really need a pay philosophy to identify how to attract, retain, and motivate employees? Or can a more holistic approach to the employment value proposition create greater returns? Workspan.
- Compensation Programs - Business & Legal Reports
“We talk a lot about pay for performance, but in general, we don’t connect people to the idea that you get out of it what you put into it.”
Economic downturns are an opportunity for employers to seek new compensation strategies. Business & Legal Reports, Inc.
- Incentive Pay: Short-term Change Agent or Long-term Success? - WorldatWork
“How long an incentive plan can help motivate employees depends on whether incentives are purely an extrinsic motivator, or whether they support the intrinsic value of the job or working for the organization.”
How can organization’s keep the short-term benefits of incentive pay programs effective over the long term? Workspan.
Perspectives
Improving your organization’s investment in employee pay takes careful consideration. The articles at left are a sample of articles written by or about Tandehill consultants and their work in rethinking that investment.
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