Our mission is to advance better rewards practices, and the annual salary review is the ultimate test. Are you ready for the upcoming review? Did you assess your last review? If not, it’s not too late. Use our free and simple Salary Review Assessment. To help you run a successful annual salary review, now is the … More Are you ready to manage the annual salary review?
The month ends in ‘ber, so it’s time to rememBER year end priorities for managing comp and benefits. Here’s my fifth annual (and updated!) “Ber” to-do list for C&B people. The last few months you’ve made progress on your KPI’s but now planning season is upon you. A few things start to happen for companies on … More The Month ends in ‘Ber
Spent some time today reflecting on how blessed I have been (and still am) to have the best mentors one could ask for in my profession. I am not a self-made man; many have taught and guided me, or occasionally whacked me upside the head. Here are those who come to mind, from the start: … More Honoring My Mentors
Wanted to share why I have been doing the same thing for 32 years, and still love it. First, what I do. I am a specialist in compensation and benefits, which is about who gets what and how much, in an organization. I have been figuring out who makes what since March 1985. I have … More Why I Do What I Do
Most of us have recently finished annual salary reviews and are now busy working on our KPIs. I am guessing about half of your organisations are taking a look at your performance management and pay for performance practices. I hope the following thoughts are therefore timely and helpful. Let’s start with the word “performance”. This term … More Pay for Performance is Good but Not Enough
If an organization has a vision, a mission, a strategy and a business plan, then the 1st priority of all those employed is to help fulfill these. The leaders’ role (as many leaders as there may be) is to keep everyone—including the growing number of part-timers, FTCs (fixed term contracts), vendors and partners—moving in the … More It’s about management, not performance management
So much talk about performance management and doing away with ratings. When cars were invented, they were called “horseless carriages” because the absence of horses was so shocking at the time. Wifi was first called “wireless LAN” since LAN cables were no longer needed. Telephones were called telephones until wireless phones appeared, which were called cordless or wireless … More Horseless Carriages are “Cars.” Ratingless Performance Management is now…
My “little” freelance firm has just reached S$1 million in revenue since I began early 2013. Feeling just a little proud, and encouraged. At first my goal was just to keep moving forward after my firm retrenched me. I thought I would put myself on the market as a freelancer to let my network know … More A Milestone
I had coffee with a client recently, who is being challenged by her boss to make the comp and benefits function more impactful. She asked how her C&B function could be a more effective partner to the business, more consultative. I gave her some on-the-spot tips, then said I would think about it and write a … More How to be a Comp & Ben Partner
A recent BBC article on Singapore Cost of Living raises a really good point about the cost of living in Singapore. The point is, it depends on whether you need to buy a car and consume “like an expat.” This article exposes the irrelevance of the “most expensive” lists. If your MNC’s regional HQ is in Singapore, … More “Most Expensive?” Who cares?