In part 1, we identified the objectives of performance-based pay. In this article, we’ll discuss the concept of a compensation philosophy. An organization’s compensation philosophy refers to the set of guiding principles that drive decision making about compensation. This philosophy…
HR Management Matters Archives
YEAR-END: REVIEW YOUR COMPENSATION PRACTICES, PART 2
Posted in Compensation & Performance Management
YEAR-END: REVIEW YOUR COMPENSATION PRACTICES, PART 1
This is the time of the year that organizations start preparing for their year-end performance evaluations and compensation. Most organizations (small, mid-sized & large) already use a performance-based approach to compensation. That’s because performance-based pay has proven to be the…
Posted in Compensation & Performance Management
ARE SALARY NONDISCLOSURE POLICIES OR AGREEMENTS LAWFUL?
Trinity recently was asked if an employer could lawfully issue a policy stating or have employees sign a document saying that they will not discuss their pay with fellow employees. The short answer is “NO”. BASIS FOR ANSWER Section 7…
Posted in HR Legal & Compliance
SERVANT LEADERSHIP, PART 3
In prior Parts of this series, we defined the leadership model referred to as SERVANT LEADERSHIP as: “Servant Leadership seeks to involve others in decision making, is strongly based in ethical and caring behavior, and it enhances the personal growth…
Posted in Strategy, Management & Leadership
SERVANT LEADERSHIP, PART 2
In Part 1, we described the leadership model referred to as “SERVANT LEADERSHIP” – a term which sounds like an oxymoron, as do the characteristics of this model we’ll describe in Part 2. “Servant Leadership seeks to involve others…
Posted in Strategy, Management & Leadership
SERVANT LEADERSHIP, PART 1
In his much heralded book entitled “Good to Great”, bestselling author and esteemed business consultant Jim Collins described five levels of leadership. These five levels are described below: Collins identified five attributes of a Level 5 leader. They: are self-confident…
Posted in Strategy, Management & Leadership
OVERCOMING RECRUITING CHALLENGES, PART 2: CANDIDATE SELECTION
One of the major challenges of recruiting or talent acquisition is making the best possible decision as to which of the candidates to hire. Trinity’s experience in providing search consulting services shows that many hiring managers rely far too much…
RECRUITING: OVERCOMING THE CHALLENGES
Trinity studied the results of a recent survey of 6,000 participants on the subject of recruiting. The results identified some noteworthy talent acquisition challenges for employers for 2017. At the time of the survey there were more than seven million…
PROJECTED PAY RAISES FOR 2016 YE – 2017
For Year End 2016 – 2017, the median base pay increase for employees is projected to be 3.0% across almost all industries. This will mark the 5th consecutive year that pay increases have held around the 3.0% increase mark. Pay…
Posted in Compensation & Performance Management
PERFORMANCE-BASED PAY:
PART 3
In Parts 1 & 2 of this series, we identified the following related to Performance-Based Pay: Objectives Pay elements Balance between fixed (base) pay & variable (incentive) pay Characteristics of Key Performance Indicators (KPIs) In Part 3, we want to…
Posted in Compensation & Performance Management