Blog
Sharing the “Profits?”
Does your organization pay discretionary bonuses or “profit sharing” to employees this time of year? Year end payments have many names… bonus, incentive, profit sharing, gain sharing… The majority of organizations make these annual payouts that typically cost 3-10% of...
Total Reward #13- Supervisors
Supervisors—you can’t fire yours, but you certainly can leave them… The topic of the supervisor- employee relationship has been researched and written about since “industrial psychology” started as a field. A recent book title summarize the importance of this dynamic...
Moving your Rocks before Christmas- Six Steps
95 days until Christmas... If you are like most small business owners and managers, you started out 2012 with awesome plans: We want to grow our business, install that new computer program that will save us time, survey our customers and improve the service they get,...
Does your manager have the competencies to be one?
You have rewarded your best supervisor with a promotion to manager. She is the one person you could rely on to put out the fire, lead the charge on an install, and to get stuff done. Now you granted her the authority to lead the team and changed her role so now she...
Total Reward # 12- People
I remember a Seinfeld episode where Jerry and Kramer pretended to be a traditional couple “How was your day, dear?” Yes, they mocked this but how important are the People experiences to your day at work? If you had a “bad day” it is often because of the people...
Total Rewards #11- Opportunity for Advancement
The perception: "McJob- a low-paying job that requires little skill and provides little opportunity for advancement” (Webster dictionary). But how wrong they are! The reality: According to a recent article by our firm’s founder Dr. Jerry Newman and...
Total Rewards #10- Recognition
“Employees expect to be recognized when they do good work. Thanking employees for doing good work is not just common sense, it increases the likelihood that they will want to continue to do good work and serves as a catalyst for attracting and retaining talented...
Total Rewards #9- Feedback
“Effective performance management is not about executing the annual review cycle, its about the modifications, adjustments and course corrections day in and day out that keep the organization headed in the right direction.” (Aberdeen report - The Performance...
Total Rewards #8- Performance Management
In my informal poll of employees and human resource professionals, most are not satisfied with the performance review process at their organization. The “annual review” is often the most dreaded event for employees and managers alike (hundreds of studies back up my...
Total Rewards #7- the Employer
“Where do you work?” is a question often posed when we first meet someone, directly after they learn your name and occupation. You might not think about this but we do judge someone by the “company they keep”- literally. Are you proud to be associated with your...
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