Employee Engagement

Why Compensation Doesn’t Drive Motivation

Everyone can use more money. No matter how happy and engaged your employees are at work, they won’t turn down a raise or a perk. But will the incentive of a higher salary or compensation bonus improve their work performance? Well, that’s another story. More than 70 percent of today’s workforce are knowledge-based employees, meaning... Keep reading  

Performance Management

How to Update Compensation Without Performance Ratings

GE becomes the latest major company to remove ratings from its performance appraisal system. Earlier this year Goldman Sachs did away with numeric ratings, which are thought to have a negative impact on employee motivation. But for many companies, removing ratings puts compensation into a black box — employees don’t know how their raises and... Keep reading  

Industry News

Ernst & Young Splits Compensation and Performance Reviews

In the trend towards continuous performance management, many companies are asking how to approach compensation, reward and promotion decisions without a traditional annual review. The argument for splitting performance management and compensation into separate processes is that it allows performance management to focus on learning and career development for employees. The downside is that if... Keep reading  

Industry News

10 Things You Need to Know About the New Overtime Pay Rule

Overtime pay has long been a hot-button topic for employers and employees alike. Whether for or against overtime pay, both sides can agree that the income limits that qualify employees for overtime pay haven’t kept up with inflation over the years. The last income maximum threshold was set more than 10 years ago in 2004. On Tuesday,... Keep reading  

Company Culture

3 Reasons Why Company Culture Matters More than Compensation

How can you create an engaging culture at work? This million (or actually multi-billion) dollar question is constantly being asked and revisited by companies globally, large and small. Building an engaging culture is crucial to a company’s sustained success: Gallup estimates that disengaged workforces are costing companies over $450 billion in lost productivity per year and 95% of... Keep reading