Rewarding Performance During the COVID-19 Pandemic | Gartner – HR Leader’s Monthly – September

Talent Management

During the past few months, I have made several posts on how organizations have adjusted their performance management (PM) practices amidst the pandemic. These adjustments range from how goals are modified to reflect new realities, the frequency of performance feedback, and the focus of performance discussions. And as organizations determine how they will evaluate and …

Read More

Tags:

Managing Cost-of-Living Differences for Pay in a Remote World | HR Executive Online

Workforce Trends

As the number of remote jobs increases, many employers are increasingly able to recruit skilled candidates from anywhere. Not only does this enable organizations to gain access to a deeper pool of talent, but it can also help them to attract and employ diverse candidates. While these are a few of the positives that have …

Read More

Tags:

2021 Incentive Plans Will Look A Bit Different | WorldatWork

Talent Management

As organizations evaluate their annual and long-term incentive plans for 2021 in light of the pandemic, there are several options that they will need to consider. And while each organization will have a unique situation (e.g. some organizations are still in recovery phase or survival mode whereas others are in growth mode), this article provides …

Read More

Tags:

Pandemic Could Worsen the Gender Pay Gap | SHRM + Payscale

Workforce Trends

While the pandemic continues to impact the lives of many in a variety of ways and at varying levels of magnitude, much has been reported about the disproportionate impact that the crisis has had on working women. In many cases, working women are more likely to have to take time off from work or resign …

Read More

Tags:

The Single Biggest Step to Pay Equity? Stop Asking About Salary History | LinkedIn Talent Blog

Talent Management

Pay equity– compensating employees the same when they perform the same or similar job duties while accounting for other factors, such as their experience level, job performance, and tenure with the employer (SHRM)–continues to be a priority for many organizations. And as this topic becomes increasingly important, many HR and Total Rewards leaders are reviewing their …

Read More

Tags:

The Business Case for Pay Transparency | HR Daily Advisor

Talent Management

Pay transparency–allowing every employee to view what his or her colleagues earn–is a topic that generates much debate. Whereas some feel it fosters resentment among team members and limits employers’ bargaining power in recruitment, proponents such as Women’s rights activists advocate for full pay transparency “as the increased visibility encourages businesses to establish a standard of equal …

Read More

Tags:

How to Make Pay Transparency Part of HR Strategy | HR Technologist

Talent Management

Pay transparency, in general, is the degree to which employers are open about what, why, how and how much employees are compensated, and the extent to which they allow employees to share pay‐related information with others. In recent years, several companies have taken measures to introduce pay transparency, either during recruitment or for internal compliance. …

Read More

Tags:

THE 2020 Compensation Best Practices Report | PayScale

Talent Management

Attracting and retaining top talent usually requires a strategic approach to compensation, career pathing, better benefits, and more varied and incentivizing ways to reward performance. To gain insights into these areas, the 2020 Compensation Best Practices Survey gathered responses (nearly 5,000) from November 2019 to January 2020 across the US and Canada. While this 60-page report contains …

Read More

Tags:

Pay Transparency Study | Mercer and WorldatWork

Talent Management

A survey from WorldatWork and Mercer found that 67% of organizations report pay transparency as increasing in importance at their organizations. However, only 14% of organizations have approached pay transparency beyond a “moderate” level. Pay transparency was defined as the degree to which employers are open about what, why, how, and how much employees are compensated, …

Read More

Tags:

A New Framework for Executive Compensation | Harvard Business Review

Talent Management

One lever of effective talent management is the ability to incentivize and motivate employees to achieve an organization’s financial goals and business strategy. In the context of executives, this primarily happens through executive compensation. In this HBR article, the question is raised: Have conventional, performance-based, long-term equity plans that pay out against financial and 3-year strategic …

Read More

Tags: