Performance & Compensation: Derek Hughes November/December 2012 Staff
Performance & Compensation: Derek Hughes November/December 2012 Staff
Performance & Compensation: Derek Hughes November/December 2012 Staff
Derek Hughes
November/December 2012
Staff
Total Rewards
Martocchio, J. J. (2013). Strategic Compensation: A Human Resource Management Approach. Upper Saddle River, NJ: Pearson.
Shared Perception
Performance & Compensation
Compensation Model
VCSU Staff Model
Comp Factor Percent Example (3%)
Across the Board (ATB) 50% 1.50%
Individual &
Performance Model
Performance Goals
Measure Performance
Performance & Compensation
Timeline
Timeline
January-March begin a new review year
Everyone on same timeline (may be some overlap)
One-year from start date
Set goals
July 1, 2014
Merit model takes effect
Questions
What is the risk of not changing? If I wait long enough, will
the change just go away?
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