15 Articles found for subject: Compensation

Dangling bonuses to checked-out employees might only be a Band-Aid solution. Brian Hall shares four research-based incentive strategies—and three perils to avoid—for leaders trying to engage the post-pandemic workforce.

Content: Article | Authors: Avery Forman, Brian Hall | Source: Harvard Business School (HBS) Working Knowledge | Subjects: Compensation, Human Resources, Motivation

Companies often have a hard time determining how motivated or committed their employees are, because employees know it goes against their own interests to declare themselves unmotivated or uncommitted. The solution to this problem is for companies to put incentives in place that encourage employees to reveal how they actually feel. In this article, the author, a behavioral economist, describes an incentive plan that has … [ Read more ]

Content: Article | Author: Uri Gneezy | Source: Harvard Business Review | Subjects: Compensation, Human Resources, Organizational Behavior

The consensus in social psychology is that monetary incentives for performance have a detrimental impact on individual performance. Yes, under certain specific and limited conditions, rewards can reduce performance. Yet pay for performance schemes are ubiquitous. How can we resolve this divergence between theoretical recommendations and observed practices? Nirmalya Kumar and Madan Pillutla recommend solving the problem by designing smarter incentives that avoid these detrimental … [ Read more ]

Content: Article | Authors: Madan Pillutla, Nirmalya Kumar | Source: Management and Business Review (MBR) | Subjects: Compensation, Human Resources, Motivation, Organizational Behavior

A new study published in Nature Human Behaviour sheds light on the role of within-job pay differences in the gender pay gap.

Content: Article | Authors: Halil Sabanci, Marta Elvira, Paula Apascaritei | Source: IESE Insight | Subjects: Compensation, Diversity, Human Resources, Organizational Behavior, Women in Business

In an unprecedented time for attracting and retaining talent, CEOs and CHROs are getting creative—from three-day workweeks at full-time status to paid mental-health days to raised wages. Here’s what a dozen leaders told us they are doing differently.

Content: Article | Author: Dale Buss | Source: Chief Executive | Subjects: Compensation, Human Resources

Companies who say they care about inclusion and belonging can start by paying employees fairly. To start, initiate a pay equity audit in which you compare the pay of employees doing “like for like” work (accounting for reasonable differentials, such as work experience, credentials and job performance) and investigate the causes of any pay differences that cannot be justified. Next, determine how you’ll remediate … [ Read more ]

Content: Article | Author: Amii Barnard-Bahn | Source: Harvard Business Review | Subjects: Compensation, Diversity, Human Resources

Three key pay and performance metrics can help define and influence an organization’s values.

Content: Article | Authors: Adam Bryant, David Reimer | Source: strategy+business | Subjects: Compensation, Human Resources

Companies that implement more structured management practices pay their employees more equally. We found that companies that reported more structured management practices according to the Management and Organizational Practices Survey (MOPS) paid their employees more equally, as measured by the difference between pay for workers at the 90th (top) and 10th (bottom) percentiles within each firm.

Content: Article | Authors: Cristina Tello-Trillo, Melanie Wallskog, Nicholas Bloom, Scott Ohlmacher | Source: Harvard Business Review | Subjects: Compensation, Human Resources

As a two-time founder and a seasoned engineering leader, Bethanye McKinney Blount has seen misunderstanding around comp rear its head time and time again. And in her experience, this hesitation to pull back the curtain on paychecks and think more deliberately about a compensation philosophy tends to cause problems down the line as startups scale. In this exclusive interview, Blount tackles the thorny questions startups … [ Read more ]

Content: Article | Author: Bethanye McKinney Blount | Source: First Round Review | Subjects: Compensation, Human Resources

In today’s tight job market, employers must focus on how to attract and keep top talent. Giving away stacks of money may not always be the best incentive.

Content: Article | Authors: Ashley V. Whillans, Dina Gerdeman | Source: Harvard Business School (HBS) Working Knowledge | Subjects: Compensation, Human Resources, Motivation

Pay differences among workers can hinge on objective matters like experience. But salary disparity is often a function of more arbitrary factors — raising the question of why establishing compensation hasn’t evolved into a more fair, equitable and objective system. How do qualities as intangible and unpredictable as work ethic, creativity and esprit de corps get translated into compensation? Still, there is good reason to … [ Read more ]

Content: Article | Source: Knowledge@Wharton | Subjects: Compensation, Human Resources

After two decades leading engineering teams for giants like Facebook and EMI to Linden Lab and Reddit, Bethanye Blount realized that the most meaningful, even existential, problems she’d encountered were not in code but in comp — and that there are data-driven best practices for solving them. Now, as co-founder of Compaas, Blount is on a mission to help startups ensure that the story their … [ Read more ]

Content: Article | Author: Bethanye McKinney Blount | Source: First Round Review | Subjects: Compensation, Human Resources

To motivate, manage, and reward B2B salespeople, many companies use sales incentive plans that link large commissions or bonuses to individual results metrics, such as territory quota achievement. As digital channels continue to reduce and redefine salespeople’s role in customer buying, these traditional sales incentive plans are becoming less effective at driving sales outcomes.

The right sales incentive plan creates a double win. Salespeople win because … [ Read more ]

Content: Article | Author: Andris A. Zoltners | Source: Harvard Business Review | Subjects: Compensation, Human Resources, Management, Marketing / Sales

In the beginning stages of hiring key talent for an early stage company, an engaged founder may spend anywhere from 40-50% of his or her time recruiting key hires. Having a clear philosophy around compensation and rewards is essential to do this effectively. Additionally, you can benefit from access to up-to-date compensation tools and resources to help hire and retain the best talent.

Homebrew has put … [ Read more ]

Content: Article | Source: Homebrew | Subjects: Compensation, Entrepreneurship, Human Resources

Designing and auditing fair pay practices are steps organizations everywhere can take to create more equitable workplaces. Check out the re:Work guide on pay equity to learn what you can be doing now.

Content: Article | Source: re:Work | Subjects: Compensation, Human Resources