This week's Compensation Daily Advisor covers the confidentiality of salary data, the demand for salary increases, performance reviews, and bonuses.
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Get Your Report Now!Shhhh…Should Employees’ Salaries Be Kept Secret?
Picture this: A manager calls his subordinates into a conference room and asks them to write down their salary and pin it to a board for everyone to see. Just the idea of this is cringe worthy …and compelling. It was, in fact, the premise of the 2012 British reality television show “Show Me Your Money.”
As Skills Demand Rises, so Do Demands for Raises
If your managers are not already fielding requests from employees for raises and promotions, they soon may be, according to a recent Accountemps survey. An improving economy and higher demand for skilled workers means professionals are more confident in their job prospects—and they’re on the hunt for bigger paychecks and loftier titles.
7 Ways to Improve Your Performance Review Process
Money is one reason the annual review is dreaded, notes Alan C. Fox, the president of ACF Property Management, Inc., and the author of PEOPLE TOOLS: 54 Strategies for Building Relationships, Creating Joy, and Embracing Prosperity. A second reason is that the employer needs to give the employee “constructive” criticism.
Bonuses and Flexibility Effectively Reward Top Performance
Yesterday, we looked at some performance review recommendations by Alan C. Fox, the president of ACF Property Management, Inc. and the author of PEOPLE TOOLS: 54 Strategies for Building Relationships, Creating Joy, and Embracing Prosperity. Today, we present the rest of his list.
Wooden’s Pyramid of Success—What Are Your Cornerstones?
I’ve been accused of too often writing about sports in this blog. I guess that’s because sports have been such a big part of my life as a participant, coach, and spectator—but also because I subscribe to the idea that sports imitate life. In sports, as in life, there is success and there is failure. And in sports, it’s often easy to see what leads to one or the other. Studying the actions that lead to either success or failure makes learning happen.