Employees must be motivated to contribute to meeting organizational objectives by performing at a high level. There is an abundance of research that supports the power of rewards to motivate performance. Of course that same research suggests employees must believe rewards are based on performance and that the rewards are equitable, competitive and appropriate. Occasionally … Continue reading Motivating Critical Talent To Perform
Tag: HR strategy
So What Is Benchmarking Specifically?
How valuable is benchmarking when it is used for HR strategies and programs? What form should it take? What processes are most likely to make it useful? Benchmarking is generally defined as a process used by organizations to evaluate various aspects of their processes in relation to best/common practice. It can assist organizations in thinking … Continue reading So What Is Benchmarking Specifically?
Communicating Reward Strategies
Communication is key to promoting an understanding of the strategy and the reasons why it is what it is. Communication also can inspire employees to focus on organizational objectives and to contribute to its performance. Effective communication is one of the best tools rewards practitioners have. Informing, influencing and inspiring employees is best done by … Continue reading Communicating Reward Strategies
5 Business Reasons To Consider Including Variable Pay In The Total Direct Compensation Strategy
Economics: The conversion of what have been fixed costs to variable costs is an advantage of some significance. Variable pay awards do not compound the way base pay adjustments do, thereby lowering the escalation of rates over time. Assuming variable pay is tied to performance, it both allocates awards more optimally and is contingent on … Continue reading 5 Business Reasons To Consider Including Variable Pay In The Total Direct Compensation Strategy
Performance & Rewards Strategies for International Assignees
“If multinational firms are to prosper now and into the future, they must develop people who can successfully function in a global context – formulating and implementing strategies, inventing and utilizing technologies, and creating and coordinating information. International assignments are the single most powerful means for developing future global leaders.” – Globalizing People Through International … Continue reading Performance & Rewards Strategies for International Assignees
Aligning Human Capital Strategy With Organizational Strategy
An organization’s workforce is potentially its most valuable asset. But this statement is only true if the workforce is made up of the right people, with the right knowledge/skills and the right motivation. In addition, it must be managed effectively; this is where the human capital strategy comes in. It provides a framework for staffing … Continue reading Aligning Human Capital Strategy With Organizational Strategy
Reward Strategies for M&As + Internal Start-Ups
There are situations when an organization wishes to spin off a portion of itself into a stand-alone entity. The new entity can be completely separate or can remain a part of the parent but allowed to operate independently. When the newly created entity was a part of a larger organization there will likely be pressure … Continue reading Reward Strategies for M&As + Internal Start-Ups
Survival Guide For HR: Executive Compensation
Given the potential pitfalls associated with executive compensation how can HR do its job in a manner that protects the organization’s interests? Certainly not by avoiding direct involvement in executive compensation, leaving it to the Board. Quite simply, HR must listen to, understand and consider the perspectives of all constituencies and reconcile them by ensuring … Continue reading Survival Guide For HR: Executive Compensation
Managing Internally vs. Outsourcing
Managing human resources internally has advantage and disadvantages. So does outsourcing human resource decisions and processes. Let's look at the pluses and minuses of both approaches: Managing Internally Advantages Staff dedicated full-time to organization Staff familiar with culture/context Easier to control staffing levels and expertise Tends to be less expensive HR agenda can be controlled/ … Continue reading Managing Internally vs. Outsourcing
Robert J. Greene | Reward $ystems, Inc. 