Companies that make a long-term commitment to the application of competency-based human resource strategies will benefit from enhanced employee performance, streamlined HR processes and improved business performance, according to the results of a Web-based survey.
Venture capitalist Ann Winblad, co-founder of Hummer Winblad Venture Partners, had a recent interview in Business Week in which she gave advice and guidance to women trying to advance their careers.
There is no shortage of experts in books or at HR conferences singing the praises of 360 degree feedback. But, as many HR managers have discovered, how you do it is more important than doing it. Implementing this technique without a clear plan and active monitoring can make it a negative for your organization.
While the traditional holiday bonus or company-provided turkey is still alive in the 1990s, 64 percent of companies today do not offer any type of holiday bonus, according to a Hewitt Associates study of holiday bonus and gift practices at 268 companies nationwide.
A recent nationwide strategic compensation survey reports that although linking individual goals to the company's business goals is the primary objective of short-term incentives, 30% of those surveyed don't find that these plans are effective.
Ann Ewen, Ph.D. and president of Teams, Inc. recently gave some solid advice about 360 degree feedback, including how it relates to compensation. She says that as soon as you capture 360s feedback data and give it to the manager, it is linked to pay. If the manager has it, her or she will use it to make pay decisions.
