At mid-year, with the economy reopening and workers beginning to emerge from work at home arrangements, now is a good time to examine your incentive compensation plans. Both short-term and long-term incentive compensation plans have been impacted by the pandemic. Some impacts have been very clear and significant while other impacts have been minor or […]
The Impact of Coronavirus – CV19 on the Employer Value Proposition
The arrival of the current pandemic of coronavirus – COVID 19, has had a dramatic and sudden impact on the foundation which companies and employees took as a given. This shock has shaken us to our core and forced people to suddenly reconsider our basic beliefs and understanding. Employees find themselves back at the base […]
Beyond Merit Increases: All the “Other Stuff” Really Does Matter
In the recent years, most companies have been deciding on funding a base salary merit increase pool of 3%. While numbers have been adjusted up or down slightly, sometimes including an additional 1% for promotions, we have settled into an almost “fixed” annual salary adjustment program. Despite well designed merit programs, including merit increase matrices, […]
