Does your company offer a program of incentive plans to reward employees for meeting performance goals? If so, you have clearly taken a progressive approach to keeping employees engaged and motivated to deliver better bottom line results. At least that’s the goal, right? But do you really...
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Recent Selections From Our Blog:
Are Your Employee Incentive Plans Working? Here’s How to Find Out.
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The Employee Market Rises Again (Employers Can Benefit, Too)
In an improving economy, the balance of power can shift. On the New York Stock Exchange, for example, bear markets become bull markets. And in the American workplace, where employers once held the upper hand, employees can suddenly wield more power and demand more in pay, benefits and incentives....
I Have the Data; Now What?
(Excerpt from the Total Rewards Solutions Newsletter, Fall 2011) By now you should have received your data back from the salary surveys you participated in earlier this year. But now… what to do with all of that information? You will want to start by ensuring you review your compensation...
Survey Time
(Excerpt from the Total Rewards Solutions Newsletter, Spring 2011) It is the time of year that some companies begin their salary survey submission process. Before you start downloading data and submitting it, you will want to consider completing the following steps: Review any job descriptions...
The Re-Engineering Delima
Dilemma: In this tough economy, the leadership of my company set a target for desired cost reductions. Included in the equation are cost savings from “re-engineering” the workforce (meaning layoffs), such that the size of some executive bonuses are directly linked to the cost savings...
Distributing Low Merit Budget Pools
What to do with low merit budget pools… Many organizations have found themselves in the current economy needing to lower their merit budget pools. One of the challenges that come with a low merit budget pool is how to distribute those dollars from low to high performers. If you have a merit...
10 Ways to Use Your Merit Dollars
There is certainly more than one way to award merit dollars, but how do you choose? What is the best fit for your workforce and your company’s culture? There is no right answer, but there are lots of options. Which option you choose could be based on your merit pool size, the amount of flexibility...
Cassandra E. Faurote, SPHR, CCP, SHRM-SCP
Cassandra Faurote | President and Founder Cassandra Faurote is a seasoned human resources consultant with 25+ years in human resources and is the Founder and President of Total Reward Solutions, started in 2005. Total Reward Solutions is a consulting company focused on helping clients in the areas...