REWARDING PERFORMANCE
Guidance on US reward agenda
US compensation magazines are often a rich source of ideas and inspiration for reward professionals this side of the Atlantic. For those of you who want to explore more fully what's at the top of the US reward agenda, it's worth checking out a fascinating monthly report published by the Institute of Management & Administration.
So, you want to find out what’ s happening in the US reward scene. e-reward.co.uk has discovered a resource for you: IOMA’ s Pay for Performance Report.
This impressive publication reviews the deluge of reports, surveys, books and conference presentations vying for the attention of the busy US pay specialist.
It's written by remuneration experts who demonstrate an impressive degree of insight into compensation and benefits issues. It’ s packed with numerous practical ideas for those who are trying to make sense of todays' reward landscape. And it provides fascinating detail on a host of essential research studies.
What you’ ll find in IOMA’ s Pay for Performance Report
The June edition includes five features:
New data shows PFP boosts performance and retention
Detailed analysis of three recent surveys conducted by HR consultants Watson Wyatt. The US research found that performance pay can play a crucial role in boosting shareholder values and retaining top employees.
web: www.watsonwyatt.com
See what you think of e-reward.co.uk ‘ s review of one of these Wyatt studies:
Are you ready to serve cafeteria-style compensation?
Review of a presentation by Donald Lowman, a principal with HR consultants Towers Perrin, speaking at a seminar organised by The Conference Board in New York.
The changing compensation climate spurred by dot-coms means that even the best total pay packages may have fatal flaws. So you need to let employees pick and choose the components of their own benefits and reward packages, including salary, bonuses and options.
email:lowmand@towers.com
web: www.towers.com
Your top challenges in the next decade (and how to meet them)
Insights into the challenges confronting HR and reward professionals. The report draws on an article by Julie Decker, manager of Hewitt Associates’ compensation outsourcing practice, and a conference presentation by George Paulin, president of Frederic W Cook and Co.
email:gbpaulin@fwcook.com
web: www.hewitt.com
White paper offers tough questions and guidance for HR/compensation managers
Are your design, implementation, communication and assessment processes as fine-tuned as possible? If you wonder whether your incentive plan is costing your department and business more than it should, IOMA reckons it has found an online resource for you.
Check out Incentive compensation: a strategic tool for increasing both the top line and bottom line , by Mark Stiffler, president and CEO of Synygy, an incentive compensation consulting firm in Philadelphia.
web: www.synygy.com
Hay Group warns managers to expect continued volatility in incentive pay
Highlights the key findings of a recent Hay Group study which suggests that changing corporate cultures are affecting incentive plans — and cash alone doesn’ t guarantee success.
web: www.haygroup.com
Take a look at e-reward.co.uk ‘ s review of this Hay research:
Want to know more?
Title: IOMA's Pay for Performance Report, June 2000.
Post: Institute of Management & Administration, 29 West 35th Street, 4th floor, New York NY 10001-2299, USA.
Tel: 001 413 529 2406
Fax: 001 413 529 2507
email: podolske@valinet.com
web: www.ioma.com