Performance-Based Pay
Performance-Based Pay News, Articles, Blogs, Webinars, White Papers & Events. Human Resources Management featuring HR news on Performance-Based Pay.
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Dear Workforce How Does Performance-Based Pay Differ From Meritocracy
Meritocracy means providing employees with better compensation and opportunities to advance as they do more for the company.
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Performance-Based Pay Plans are Fraught with Problems
Many companies feel that their variable-pay programs are costing more than they bring in, according to a Hewitt Associates study, which compared companies with single-digit revenue growth to those with double-digit revenue growth. The problem is apparently that some companies spend too little on
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Employee Bonuses Driven By Customer Loyalty at General Motors
For 2012, salaried workers in North America will get a year-end bonus if GM hits an internal customer-retention goal. But it is inside GM's 650-person field sales division that the customer-centric pay structure probably reflects the most striking departure from GM's past.
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Compensation Plan Helps Insurance Firm Cash In
The practices can be time-consuming and arduous to implement, but the time taken to focus on talent management has paid off in ConnectiCare's overall success, an executive says.
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The Golden Egg of Incentive Pay Policies Is an Elusive Bird
Even with the best-designed programs, companies face challenges in making incentive and merit-pay programs effective in today's economy.
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Wall Street's Bonus Pool Gets More Shallow
New York State Comptroller Thomas DiNapoli wades in with his annual tally, estimating a 14% reduction in Wall Street bonuses last year, to $19.7 billion. That's a kiddie pool compared to 2006's Olympic-sized $34.3 billion payout.
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Best Practices in Compensation
Best Practices White Paper Series - Getting pay right is critical to both keeping your workforce motivated and attracting top talent to your organization. Compensation and its interconnectivity to talent and performance management are still key. Download the Best Practices in Compensation white
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UAW Says GM Workers Ratify Labor Contract By 2-to-1 Margin
Under the pact, the automaker's 48,000 hourly workers have traded the promise of generous pay and benefits for job security and compensation gains that are more closely tied to the automaker's health, profitability and quality advances.
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Comp and Circumstance: TD Executives Get Big Boost in Total Pay
The investment company's total pay figures, disclosed in a proxy statement filed yesterday with the Securities and Exchange Commission, include both cash compensation and stock awards.
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Insurance Firm CEO Turns Down Year-End Bonus
Hartford's Liam McGee had come under fire this year from the president of hedge fund manager Paulson & Co. and Hartford's largest single stockholder, who urged Hartford to break up the company in order to boost shareholder value.
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Aon CEO Greg Case Took Home $12 Million in 2011
The company's board said Case was being rewarded for the financial performance of the commercial insurance brokerage and corporate consultant.
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Despite Complaints, Labor Department Nixes Additional Fees for 401(k) Advisers
The agency finalizes controversial rule calling for level-fee arrangements; the new scheme also greenlights computer models.
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GM to Phase Out Salaried Pensions, Shift Workers to 401(k) Plan
About 70 percent of General Motors' 26,000 salaried U.S. workers are enrolled in a defined benefit, or traditional, pension plan. Those workers will be shifted to a 401(k) plan starting on Oct. 1, said Cindy Brinkley, GM's vice president of global human resources.
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UAW Says GM Workers Ratify Labor Contract By 2-to-1 Margin
Under the pact, the automaker's 48,000 hourly workers have traded the promise of generous pay and benefits for job security and compensation gains that are more closely tied to the automaker's health, profitability and quality advances.
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Companies Ready to Tackle Changes Must Use Kid Gloves
As the economy continues experiencing growing pains, more organizations are revamping their compensation programs.
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A Bad Place to Be: In Denial About What Workers Want
Employers are burying their heads in the sand on job security and work stress—at their own peril.
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Selling Cars Online Is More than a Typical Sales Job
Moving from the showroom to the Internet desk can be a tough transition for a salesperson. Internet car sales require a different skill set from showroom car sales. But if a salesperson succeeds, the payoff is sizable.
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Employees Increasingly Are Asking Bosses to Show Them the Money
For many workers, perks are now no longer enough. Recently, ‘it has been all about the base wage or salary,' a Buck Consultants principal says.
