This week's Compensation Daily Advisor covers merit allocation, performance matrix, and at risk pay.
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Get Your Report Now!The Seven Merit Allocation Strategies—Strengths and Weaknesses
There are seven basic merit allocation strategies, says Consultant Whitney Herrington. Compensation managers should be familiar with them all, including when they are appropriate (and when they are not).
Setting a Performance Matrix with Maximum Penetration Targets
Yesterday’s Advisor featured the first 5 of Consultant Whitney Herrington’s 7 alternatives for deciding on merit pay. Today, alternatives #6 and #7.
Survey Says … Two-thirds of Employers Provide Some Type of “At Risk” Pay
Almost two-thirds of participants in BLR’s 2014 Variable Pay Survey indicate that they put some employee pay at risk. The recently-completed survey was completed by 1,452 employers. Here are some highlights:
Incentive Plans: Funding, Improvements, Evaluation (Survey Results)
In yesterday’s Advisor we initiated our coverage of the Incentive Pay Survey; today, we feature more survey results, including how respondents fund incentives, how they communicate their plans, how they evaluate them, and how they would improve them.
Will City Slickers Give You Your Next Big Idea?
Among my favorite movies is the 1991 film City Slickers. Billy Crystal plays radio ad salesman Mitch Robbins, who is having a bit of a midlife crisis. Mitch and his two best friends decide to leave New York City to spend 2 weeks on a cattle drive in the Southwest. It’s there that Mitch meets Curly, the crusty trail boss played by Jack Palance.