I often get the following question : “Should pay at our corporate headquarters be different from pay in our operating companies / in our Divisions ?” My answer is always the same : “It depends”. I know, I know, this is a bit frustrating. So let me expand a little. I have written in the…
Equity theory and the design of your incentive scheme
July 15, 2012 by 2 Comments
As part of the 16th annual Compensation & Benefits Forum organised by IIRME last month, I delivered a one-day workshop on how do design a recognition and retention scheme. I mention a few motivation strategies at the outset of the workshop. The equity theory in particular holds my attention. What is equity theory ? The…
Spoilt by choice
July 12, 2012 by Leave a Comment
We’re getting to the end of the week. It’s summer and the temperatures are rising…. Humidity is not helping, well, at least in Abu Dhabi… So let me be nice and offer you a bit of respite with this not-so-far-from-reality cartoon from OneFTE.com. I’m sure all HR and Compensation professionals have been faced with this…
You need both head and hands – a Compensation example
July 10, 2012 by 2 Comments
Back in 1996-98, I was working at the France HQ of Philips Consumer Products, supporting the HR managers of our factories with labour law issues and updates in France, participating to compensation surveys and generally dealing with Industrial Relations and pay and benefits discussions with the trade unions and French and European Works Councils. Background At the…
A good graph is worth a thousand words
July 8, 2012 by 2 Comments
One of my favourite blogs is Storytelling with data. Cole Nussbaumer from the People Analytics team at Google does a great job of explaining how we present data in a graphical manner can underline and reinforce our message. With time, I have started doing more presentations for Boards and other top executives, as well as…
Reader Question – What drives employee discretionary effort ?
July 5, 2012 by 2 Comments
About 2 years ago, in Milan, I delivered a presentation on Linking performance management and pay-for-performance to an audience of Compensation & Benefits Managers and HR Directors. And every now and then, someone who has a copy of this presentation asks me to explain one specific slide. It is a very short overview of some…
Debrief on the 16th IIRME Compensation & Benefits Forum – Day Two
July 3, 2012 by 1 Comment
In my last post I covered Day One of the 16th Annual Compensation & Benefits Forum organised by IIRME in Dubai. It’s time to cover the second day of the conference, which was just as good as Day One. The day started with Jonathan Budden from Microsoft who detailed what makes a company a Great…
