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
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…
Managers are paid to manage. HR exists to help managers manage. Performance management was not invented by managers, but by HR to help managers 1) manage out weak performers, and 2) allocate rewards. Rating systems that drive rewards have a life of their own and undermine core manager responsibilities and skills. We spoonfeed managers with “good pay decisions” instead of allowing them to make their own decisions and learn from their consequences. … More Goodbye, pay for performance. Hello, real management.
If you want to understand why General Electric, Microsoft, Apple, Adobe and others have stopped using performance ratings, and hear a panel of respected Singaporean rewards leaders explain their preferences for or against ratings, come join us Monday evening, 11 April at Royal Plaza on Scotts. Event details and registration are in the previous post on this … More Hmmm… Ratings or No Ratings?
Freelance Total Rewards is happy to announce a public networking event for C&B/HR practitioners with a panel discussion on the topic of “Rewards Without Ratings…Really?” to be held in Singapore, evening of Monday, 11 April at Royal Plaza on Scotts, in a beautiful poolside venue. The event is intended for compensation & benefits managers and professionals … More Rewards Without Ratings…Really? Event Invitation
“It’s easier to ask for forgiveness than to ask for permission” the saying goes. You’re in charge of compensation & benefits for a country, for a region, or for the entire company and you want to be effective in your job which requires a balancing act: building trust and customer focus, yet ensuring control and … More Global vs. Local—striking the right balance
As a consultant, I am curious and always eager to gain a better understanding of my field, which is total rewards and global mobility. I am currently taking a couple weeks leave in the U.S. to catch up with family and friends. I am also catching up on politics and rewards trends in the U.S. … More U.S. Politics and their Impact on Rewards
Be honest. Of all your managers, how many are actually good at making pay decisions? Are you hand-holding your managers with Salary Increase Guidelines, compa-ratio guidelines, and rigid rules about when and how salary adjustments can be made? In this tightly controlled approach, is it even possible for managers to learn to think about market … More Are your managers making good pay decisions?
I totally missed September, it flew by so fast! Here’s a re-hash of a popular post from last year. The last few months you’ve made progress on your KPI’s but now planning season is upon you. When the months start to end in “-ber” a few things start to happen for companies on a calendar year … More Seven Year-end Rewards Priorities
Robert K. Greenleaf, visionary and author of Servant Leadership: A Journey into the Nature of Legitimate Greatness and Power, said: The servant-leader is servant first… It begins with the natural feeling that one wants to serve, to serve first. Then conscious choice brings one to aspire to lead. That person is sharply different from the … More Meeting Needs: Connecting Total Rewards and Servant Leadership