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Total Compensation in the Age of Cholera

Started by Frank · 7 months ago

I’m working at home today, which has it’s benefits. It’s quiet. Then I flipped on CNBC. Things aren’t good. And that made me think about Total Compensation in the Age of Cholera.
Having a lot of leverage in your pay plans is great in an up market. ... Continue reading »

5 comments

  • Greg

    7 months ago

    HP was legendary in the '70s with reducing pay by 20%, giving everybody Fridays off, and forgoing layoffs.

    I wonder if anybody will try that model now?
    reply
  • Frank

    7 months ago

    Greg, that is a model that works. I'm not sure that you could get people to cooperate that much in this day of instant and continuous gratification. We may need to find out, though.
    reply
  • lruettimann

    7 months ago

    Wait, I just can't mail my total comp statements and hope my employees feel pretty good about just being employed?

    Also, I love Total Compensation in the Age of Cholera. I also love One Hundred Years of Meetings and Chronicle of Team Building Foretold.

    Great books, all of them!
    reply
  • Frank

    7 months ago

    Laurie, I'm going to write Total Compensation in the Age of Cholera. Or...HR in the Time of Cholera. It cracks me up to think about it. You should spend a weekend and whip out those other two. Could be a whole series. LOL.
    reply
  • Nick

    7 months ago

    Hi Frank: you know, when the economy is good companies still struggle to keep talent, because many of their competitors are hiring and willing to pay more for scarce talent pools. The point about pay leverage is interesting, this means that companies are actually smart to setup high variable amounts so that their costs adjust with how they perform. Retention though, is another issue. Time for the good old "case by case" adjustments for those employees the company really cares about, when available.
    reply

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