Why the Pay-for-Performance Compensation Strategy Fails

When a market leader implements a model, others follow. After seeing how pay-for-performance has worked out at Apple, for example, other companies may want to follow suit. Pay-for-performance in particular is a tempting model because it promises maximum pay for minimum investment. You’d pay for good work, and not pay for bad work.

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Tips, Strategy, Employment, Workplace, Compensation, HR

Top 3 Compensation Considerations for Employers

 

 

Payroll is commonly the highest business expense, and compensation is far from being a cut and dry number. There are so many factors that go into calculating the actual cost of each and every employee. So, that $30,000 salary might be more in the realm of $44,000+ in total costs to the organization. As the highest and most impactful expense in business, it’s vital for leaders to have a true understanding of the real price tag on your workforce.

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Compensation

13 Talent Attraction Stats for the Perfect Company Pitch

 

Recruiting, the first step of the talent lifecycle is insanely crucial to nail. Quality talent attraction is a growing concern for employers. In fact, a recent study revealed that 39% of employers have jobs that stay open for four months or longer due to the inability to find people with appropriate skills. The issue isn’t that the necessary talent doesn’t exist; the issue lies in effectively finding and attracting this talent. Don’t leave great candidates on a sour note with your talent attraction methods; get your pitch right with these 13 attraction stats and facts.

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Company Culture, Employer Branding, Talent Attraction, Mobile Recruiting, Talent Lifecycle, Compensation

Why Your Compensation Management is Failing to Attract and Retain

Compensation – it is so tightly connected with performance management, attraction and retention. Yet, all of these processes are incredibly disjointed. Ventana research revealed the top goals for compensation management among the companies they studied are to better align the workforce to strategy and goals while improving efficiency.

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Employee Retention, Talent Attraction, Compensation, Talent Lifecylce, Compensation Management

A Clear View of the Talent Lifecycle: Compensation [Part 5]

 

The average time-to-hire is at a 5 year high, and the skill gap is widening; employers are having a harder time than ever managing the balancing act that is compensation. With 52% of employers ranking hiring and retaining talent at the top of their business challenges, it is vital to get compensation right.

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Talent Lifecycle, Compensation

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