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Category Archives: Compensation
“Solid State” Compensation – Part 1
There’s an established tradition in the social sciences of borrowing ready-made concepts or equations from physics and other sciences. The most famous is the use of a heat equation in the Black-Scholes option pricing model. There’s a growing movement in … Continue reading
Posted in Compensation, Workforce Planning
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Team Incentives and the Free Rider Problem
Team incentives, where an individual’s compensation is based on the team’s performance, are notoriously difficult to implement. Yet more and more work in companies large and small is being done through formal or informal teams. What do we need to … Continue reading
Posted in Compensation, Incentives, Organization Design, Strategy
Tagged Free rider problem, game theory, Human resources, Incentive, Jon Katzenbach
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Getting Started in Human Capital Analytics
Last week I attended the NCHRA (Northern California HR Association) HR Metrics and Analytics conference in Santa Clara, California. There was a turnout of over 60 Bay Area HR professionals representing a number of diverse organizations. Based on the dialog at … Continue reading
The Rule of 72
Did you know that you can instantly calculate in your head the number of years that a quantity will double in, given its annual rate of growth? Picture yourself in a conference or discussion where, for example, someone says that … Continue reading
Posted in Analytics, Compensation, Statistics
Tagged Compound interest, Logarithm, Natural logarithm, Rule of 72
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“Unalytics” Awards – Nominee #1
The growing appetite for human capital analytics is drawing more professionals into the wider “market” for human capital analytics, including some players who ought to have done a little more homework. We hereby announce the Nelson Touch Consulting Awards for … Continue reading
Posted in Analytics, Compensation, Incentives
Tagged human capital, Human Capital Analytics, Human resources
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It’s Probable: You Have a Chance
As HR professionals wrap their heads around predictive human capital analytics, one of the capabilities required will be a firm grasp of probability. Not just relevant probability theory, but a feel for the numbers as well. Why is this important? … Continue reading
Posted in Analytics, Compensation, Incentives
Tagged Bayes' theorem, Predictive modeling, Probability
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A Comment on Pay Transparency
The following is a letter to the editor of HR Executive Magazine published in the Jan/Feb 2011 issue. As the article suggests, pay transparency is more than just revealing everyone’s pay. Rather than opening a Pandora’s box of emotions and unhealthy thoughts (“Ha – … Continue reading
Posted in Compensation
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