Ever changing labor market conditions and supply demand fluctuations make sure that organizations don’t design employee compensation strategy in a vacuum. Success of your compensation strategy not only depends on your system’s ability to provide market data analysis during decision-making but also on how well you analyze the external data (more...)
Organizations put a lot of efforts in choosing the people who can award compensation to their workforce. They may even decide to have a different set of people for different type of compensations awards (i.e. Salary allocation or Stock Grant) as per their business needs. But the question is (more...)
It’s about an endeavor undertaken by our team of four people to raise funds for charity and to walk 100KM within 48 hours to meet the challenge set by Oxfam Trailwalker. This post highlights our journey, the outcome and re-emphasizes some well-known facts.
We started with goal setting; success was the obvious goal so success criteria were defined at the start in consultation with all stakeholders. Key Success Indicators (KSIs) were to raise funds to qualify for the event (i.e. 50K INR) and to complete 100KM walk within 48 hours with all four members. We did identify stretch (more...)
Simon would like to allocate performance bonus to his workforce who got performance rating of 5/5 and 4/5. People who got 5/5 rating will get (X) % of their base salary as performance bonus where as 4/5 will get (X-1) %. He would like to define compensation metric for the same so that he can apply it, with his decided % amounts, on his entire workforce rather than allocating to each one of them. He would also like to share it with his peers or subordinates in case they would like to use same metrics with their own numbers.
Attitude of focusing only on things which can save you from the trouble-in-hand and ignoring the rest often results in a bucket full of important activities to be addressed later. When you ignore things till your job or image or commitment or ego is at stake, you often end up creating a mess.
When everything is important nothing really is important. Important, very important, really important, showstopper or using any other prefix in your communication indicates that it’s important but if almost all your communications have these prefixes then it’s time to retrospect as something is fundamentally wrong.
Just saying (more...)