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Will City Slickers Give You Your Next Big Idea?

Among my favorite movies is the 1991 film City Slickers. Billy Crystal plays radio ad salesman Mitch Robbins, who is having a bit of a midlife crisis. Mitch and his two best friends decide to leave New York City to spend 2 weeks on a cattle drive in the Southwest. It’s there that Mitch meets Curly, the crusty trail boss played by Jack Palance.

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Incentive Plans: Funding, Improvements, Evaluation (Survey Results)

In yesterday’s Advisor, we initiated our coverage of the Incentive Pay Survey; today, we feature more survey results, including how respondents fund incentives, how they communicate their plans, how they evaluate them, and how they would improve them.

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Survey Says … Two-thirds of Employers Provide Some Type of “At Risk” Pay

Almost two-thirds of participants in BLR’s 2014 Variable Pay Survey indicate that they put some employee pay at risk. The recently-completed survey was completed by 1,452 employers. Here are some highlights:

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In the Market for an HRIS? Don’t Forget These Factors

Yesterday’s Advisor looked at trends in technology and HRIS for HR. Today, for guidance on what to look for, we again turn to BLR’s recently-published HR Playbook: HR’s Gameplan for the Future.

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Setting a Performance Matrix with Maximum Penetration Targets

Yesterday’s Advisor featured the first 5 of Consultant Whitney Herrington’s 7 alternatives for deciding on merit pay. Today, alternatives #6 and #7.

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Tech Taking Over? HRIS Trends

Most every company is looking at the HRIS. What should your system be doing? For some guidance on this trend, we turned to BLR’s recently published HR Playbook: HR’s Gameplan for the Future.

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The Seven Merit Allocation Strategies—Strengths and Weaknesses

There are seven basic merit allocation strategies, says Consultant Whitney Herrington. Compensation managers should be familiar with them all, including when they are appropriate (and when they are not).

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Don’t Wait for Permission—Take Action

It’s not uncommon for me to say, “I’d rather hire someone who will ask for forgiveness than someone who must ask for permission before taking action.” If you’re going to accomplish anything in life, you must be willing to act. And when you do, things don’t always turn out exactly as you would like. Sometimes you must step back, alter your course, and try again. But give me the person who is prone to action. It’s like the great race car drivers say: “To finish first, you must first finish.” And to finish, you must get off the starting line.

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Here We Go Again with Basic Compensation Mistakes

Yesterday’s Advisor featured two big-name companies—Shell Oil and LinkedIn—and their expensive wage and hour woes. Today, two more word-to-the-wise cases.

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Once More with Feeling … and Paying

Other than paying the minimum wage, paying overtime is the most basic wage/hour rule there is, yet here are companies like Shell Oil and LinkedIn paying penalties of $4.6 and $6 Million. A word to the wise?

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