Smart Incentives for 2021
26 January, 2021
For 2021, the key priority for many organizations will be ensuring bonus costs are strongly correlated with financial results. … More Smart Incentives for 2021
Author: Thomas A. Farmer
Total rewards and global mobility thought leader offering consulting and training in Asia and the U.S.
How to Thaw a Salary Freeze
7 October, 2020
Under a salary freeze? Ten tips for thawing your freeze effectively. … More How to Thaw a Salary Freeze
When to Change Your Total Reward Strategy
25 September, 2020
This is the fourth and final (?) installment in my series on Total Reward Strategy. Good thing I procrastinated long enough to gain my best tips on when to change your strategy. You see, this damn pandemic is teaching us that reward strategy should be reevaluated when there is a significant change in external factors, … More When to Change Your Total Reward Strategy
Giving back to Singapore
1 August, 2020
NTUC recently proposed a Fair Retrenchment Framework, including protection for the Singapore “core.” This is great and makes perfect sense. Being based and registered in Singapore, my firm only uses local freelancers on an ongoing basis, although many foreign freelancers approach me about joining my team of associates. Occasionally, I use foreign talent when necessary, … More Giving back to Singapore
Reward Considerations for Business Crisis #5: Talent Mobility
22 May, 2020
2020 will be the year we moved from global mobility to talent mobility. … More Reward Considerations for Business Crisis #5: Talent Mobility
Reward Considerations for Business Crisis #4: Variable Pay
11 May, 2020
During a financial crisis, get your variable pay right. … More Reward Considerations for Business Crisis #4: Variable Pay
Reward Considerations for Business Crisis #3: Workplace Flexibility
28 April, 2020
Vision is an indispensable part of supervision, right? To supervise, you must have your workers within eyesight. So says conventional management. I think it’s time to retire the term supervision, and replace it with management which is the essence of planning, controlling, directing, measuring and rewarding work. While prisoners working on a chain gang fixing … More Reward Considerations for Business Crisis #3: Workplace Flexibility
Reward Considerations for Business Crisis: #2 – Base Pay
13 April, 2020
Freeze salaries or take other pay actions to help your company weather this crisis. … More Reward Considerations for Business Crisis: #2 – Base Pay
Reward Considerations for Business Crisis: #1-Smart Sales Compensation
6 April, 2020
Be smart about the way you cut people costs. … More Reward Considerations for Business Crisis: #1-Smart Sales Compensation
How to Develop a Total Rewards Strategy
29 December, 2019
This is the third of a 4-part series on Total Rewards Strategy. You need a total rewards strategy to avoid blindly following history (what you’ve always done), the herd (what everyone else does) or hearsay (an interesting practice you heard about recently.) You have a good idea of what goes into a reward strategy. So … More How to Develop a Total Rewards Strategy