Who Are the Winners and Losers in Performance-Based Compensation?
The other day I left a working session with a client where we were tackling the question of whether and how their team members should be compensated based on performance. Inevitably, it was a challenging and values-laden conversation. Performance-based compensation is an approach where some or all monetary compensation is related to how employee performance is assessed relative to stated criteria. This model is intriguing enough that it comes up in virtually every compensation or performance management project I’ve ever been involved in.
Two Ways Compensation And Diversity Should Not Be At Odds
At this time of year, schools are buzzing with the sounds of potential new teachers, school leaders, and other team members. Candidates are touring schools, presenting sample lessons, and interviewing, all with the end goal of an accepted offer. Given talent shortages in some areas of the country, Bellwether’s Talent Advising team has seen increased interest from both traditional and charter public school systems in redesigning their compensation approaches to best position them to attract top talent. Despite renewed energy in our sector to create diverse, equitable, and inclusive teams of adults that will then better create equitable and inclusive environments for students, existing diversity conversations don’t talk enough about compensation, and vice versa.