"It’s a sad truth about the workplace: Just 30% of employees are actively committed to doing a good job. According to Gallup’s 2013 State of the American Workplace report, 50% of employees merely put their time in, while the remaining 20% act out their discontent in counterproductive ways, negatively influencing their coworkers, missing days on the job, and driving customers away through poor service. Gallup estimates that the 20% group alone costs the U.S. economy around half a trillion dollars each year." - W. Chan Kim and Renée Mauborgne, Harvard Business Review
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Executive Compensation Consulting — Helping companies align their reward systems to their culture and desired business results. The POE Group has been in business since 1997. We are a management consulting firm that advises companies on becoming great places to work by developing reward systems that attract, motivate, and retain employees. Call 813-661-3111 or email Managing Consultant Joe Kager at joe.kager@poegroup.com.
Tuesday, April 29, 2014
Tuesday, April 15, 2014
How to Talk to Your Employees About Compensation
"A recent survey by compensation research firm PayScale finds that 73 percent of company leaders do not feel "very confident" in their managers' ability to effectively communicate with employees about salary issues, the Harvard Business Review reports." Will Yakowicz @WillYakowicz, Inc.
Read more here.
Read more here.
Monday, April 14, 2014
Pay for Performance? It Depends on the Measuring Stick
"But pay for performance is only as good as the metrics used to determine it. And as a recent study shows, some metrics — including the most popular — are downright ineffective at motivating executives to create shareholder value." Gretchen Morgenson, The New York Times
Read more here.
Read more here.
Sunday, April 6, 2014
Sykes turns up the heat on board of directors
"The letter becomes effective if a director fails to get enough votes for re-election at the meeting – a majority, or one more than 50 percent, for uncontested elections – and if the board decides to accept the resignation." Margie Manning, Tampa Bay Business Journal-- Read more here.
Investor criticizes Coca-Cola management's compensation
"According to the company, the actual dilution of the program is expected to be less than some calculations because of the share repurchase program and the fact that some equity awards may not be earned or may be canceled, terminated or forfeited. This is noted in Coke's proxy." Sara Eisen, @saraeisen, CNBC-- Click here to read more.
Citigroup’s Proxy Details Link of Pay to Performance
"Indeed, Citigroup’s 2014 proxy report, which was released on Wednesday, has some intriguing disclosures on pay that allow outsiders to partially weigh the degree to which a large institution is using compensation to hold its senior executives accountable." Peter Eavis, New York Times
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