Break the Compensation Mold: Pay for Value
Calculating compensation and rewards without the traditional performance review? It can be done. In this HCI Keynote video, Julie Gravallase and Dan Ward of the MITRE Corporation walk you through how they separated reviews from rewards for an improved employee experience.
- Implement the CLEAR conversation methodology to Communicate, Learn, Evolve, and Achieve Results.
- Operationalize continuous feedback that focuses individually on appreciation, coaching, and evaluation.
- Use a variety of formats to serve different learning styles when training your people on feedback (e.g. one-page summary, lengthy report, and video option).
- Employ a simple compensation index to determine compensation based on market data and benchmarking.