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September 2010
Front Page
Resetting for the Recovery Annual Salary Budget Issue
By Alison Avalos, CCP, CBP, GRP, and Kathryn Cohen, CCP, CBP, GRP, WLCP
The WorldatWork 2010-2011 Salary Budget Survey reports that the 2010 U.S. average total salary budget increase across all organizations, employee categories, regions and industries is 2.5 percent, with projections for 2011 slightly higher at 2.9 percent. So it looks like the sky is finally looking a little clearer after last year’s dismal findings. While organizations aren’t quite ready for a full recovery, it’s clear they are on the mend.
Features
A Guide to Making Executive Compensation Decisions in a Challenging Marketplace
By Scott N. Olsen and Thomas M. Tabaczynski
Two basic approaches have emerged for dealing with an executive compensation marketplace that is not comprehensive enough to provide guidance for executive compensation decision making. Learn about these approaches and what your company can do when dealing with key executive compensation issues.
Address These Six Areas in Your Next Sales Compensation Plan
By Beth Carroll
When redesigning sales compensation plans, businesses should address six key areas: planning, involvement, knowledge, modeling, communication and administration. The result will be a plan design that creates great value for the company, the salespeople and even customers.
A Minnesota County’s Successful Transition to a Performance-Based Compensation System
By Saado Y. Abboud, Ph.D., CCP, and Jack Kemme
Officials in Scott County, Minn., successfully made the transition from a seniority-based compensation program to a performancebased system by securing the support and partnership of union leaders. This partnership was critically important as the recent economic crisis worsened and tough decisions had to be made to reduce expenses and balance the budget while avoiding layoffs.
Going Global? Get Local!
Tips for Increasing Success in the Transformation to a Global Sales Comp Program
By Scott Barton
Moving from a decentralized sales compensation program to a centralized — global — program can be a career-defining event, one complicated by the fact that sales compensation itself can be a touchy subject. Learn tips for making the transition.
The Basics of Benchmarking in the Great Recession
By Pawan Singh, Ph.D.
The Great Recession sparked many challenges for compensation professionals. Regular increases in employee pay and rewards gave way to significantly reduced budgets and wide variations in compensation levels and market pricing of jobs. In such an environment, job benchmarking using high-quality survey data is critical.
Eight Considerations For The Design And Talent Lifecycle
By Jon Brickner
Design thinking has much to offer in a world where most management ideas and best practices are readily available to be copied and exploited. It is up to HR professionals to learn, reflect and interpret a design-thinking mindset, skill set and toolset into their own development, as well as the HR profession and the organization. Organizations that understand this evolution will win in the marketplace.
The Financial Case for Employers to Fight Childhood Obesity
By Heather Zeitz
With childhood obesity a serious, growing and costly issue for children, parents and businesses, it is critical that employers not only understand the scope of the problem, but also find ways to cost-effectively help families improve their health and make lasting changes.
How to Strengthen the Link Between Performance and Pay With Midyear Check-ins
By John Anderson and Kate Richardson
Midyear performance check-ins are often underused and ineffective. But in fact, the midyear check-in provides leaders with the perfect opportunity to discuss the difference between good and exceptional performance and how this difference impacts future compensation decisions. This article discusses the key dynamics to ensure that the midyear performance check-in is not a wasted opportunity for better organizational performance.
Engaging Remote Workers With Web-Based Wellness Programs
By Annmarie Fini
Workplace wellness programs have one major strength: reaching individuals at work. But as companies expand globally, more and more employees are working from satellite locations or home offices, and therefore are unable to participate in on-site wellness events. So how do employers get — and keep — employees involved? By going online.
Departments
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- Viewpoint
By Robert J. Greene, Ph.D., CCP, CBP, GRP, SPHR, GPHR, CPHRC
Effective Management: Workforce Costs In Public-Sector Organizations
- Member Resources
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