Work has been very busy, thankfully. Monday, I took a day off and had asked my wife to take a vacation day so we could enjoy a long weekend and just unplug a bit. We took the train to the northern shore of Singapore with Malaysia just across the water. It was peaceful, safe and … More I took a walk with my wife
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
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
As of today, 10,000 people have visited my website to gain ideas or find help on total rewards. Seems we are not alone, even though we are usually just one or two persons taking a concern for C&B, mobility, flex, recognition wellness, etc. where we work. My intention is to continue to build both competence … More 10,000 reasons to be thankful
Attention rewards thinkers. We have been “paying for performance” for decades, giving “merit” increases. This is way better than not differentiating. It is a legal basis for differentiating pay and a smart one. But merit pay is backward looking, focusing on KPI achievement and other aspects of “performance” the last 12 months. We should be … More Merit looks back. Let’s look forward.
Can’t take a whole day off work for training? Wish learning could happen on your schedule, and not have to pack it all into a single day, with little time for interaction? Want access to the best instruction, but you have a lot to share as well, and more importantly you want to learn from … More New, bite-sized learning from FTR
Why do we offer incentive compensation? For most, we do it because we have always done it, so we keep doing it. Besides, —and here is the second reason— everyone else does. We are conditioned to do what is prevalent. Hey, no one ever got in trouble for doing what is market practice.. No one … More Do Incentives Work?
Do you know what freedom feels like? You do if you have support from your employer to work at home or on a flexible schedule or reduced load. Is physical presence more important than delivering? Can people do their work on an alternate schedule or work remotely once in a while? For white-collar jobs and … More Implementing Flexible Work Arrangements
Teaching Comp 102 with SNEF today! Using fake data, we will grade a job using an online system (Paterson method), market price jobs using an online survey tool (RewardOnline) , build salary ranges 5 different ways, determine compa-ratios and recommend a salary increase budget. Tomorrow we will build a merit matrix and develop suggested increases … More Comp 102 Today!