Annual Performance Reviews: Changing the Perspective on How We Discuss Performance

Annual Performance Reviews: Changing the Perspective on How We Discuss Performance

The conventional annual performance review is on its way out. Employees and managers alike dread the conversation, which has evolved for many into an annual rehash of performance over the previous year that has little relevance to current work or skill development. So should you scrap performance reviews altogether, just like Adobe, GE, Deloitte, and Microsoft did?

When was the last time your equity plan had a check-up?

When was the last time your equity plan had a check-up?

In the book, The Knowing-Doing Gap: How Smart Companies Turn Knowledge into Action by Dr. Jeffrey Pfeffer, he identifies the causes for why we know what we should be doing, we just don’t always DO IT! The same can be said about stock plans – we are so focused on plan administration and reporting that we forget the “forest for the trees” principle. Are company stock plans effective and are they achieving the results company management and the Board of Directors (and shareholders) envisioned when they approved the cost to offer an employee stock plan?

Seven Tips For Hiring The Right Consulting Firm

Seven Tips For Hiring The Right Consulting Firm

Consulting quality and the value you get out of it is in the eye of the beholder. Whether you want to hire a consulting firm to generate fresh ideas for your business, get access to the consultants’ expertise and experience, or augment your business, these seven tips will make sure that you get the right firm hired and make your collaboration as effective as possible.

A Nua Approach to Benefits

A Nua Approach to Benefits

Have you ever thought about what you’d do differently if you could start an employee benefits program from scratch? For a benefits professional, this is a rare opportunity, as even in mergers, spin-offs, and redesign efforts, there are expectations and history with current employees that must be satisfied.

Women at Nua: Four Ways to Help Women in the Workplace on International Women's Day

Women at Nua: Four Ways to Help Women in the Workplace on International Women's Day

In celebration of the International Women’s Day, we asked the amazing women at Nua Group to share their thoughts on the biggest challenges women face in the workforce, ways to improve happiness at work and how they plan to spend the 8th of March.  

FOPT: The Fear of Pay Transparency, and Why You Need to Conquer It

FOPT: The Fear of Pay Transparency, and Why You Need to Conquer It

Talking about pay is uncomfortable. Our culture puts “pay” in line with religion and politics as “what not to talk about at a dinner party”. Some companies have even forbidden this conversation in the workplace. But why should we avoid this important topic? It’s time we stop being afraid and conquer the “FOPT”, or “fear of pay transparency”.

Why do we care about diversity in our companies?

Why do we care about diversity in our companies?

In 2004, I had the pleasure of meeting Frans Johansson, the author of The Medici Effect: Breakthrough Insights at the Intersection of Ideas, Concepts and Cultures. The book, which was listed as Top 10 Business Books by amazon.com and translated into numerous languages, had a profound effect on me. Frans convinced me that history was the best teacher and I no longer believed the best team of people to solve a problem was a group of like-minded, similarly training people. By bringing together people of different backgrounds, education, life experience and talents, the outcome would always be vastly superior than by bringing together a team of people who all thought the same way.

Five Questions HR leaders should ask to design a stellar total rewards strategy

Five Questions HR leaders should ask to design a stellar total rewards strategy

You would never invest in an acquisition, capital equipment or any other business need without a clear idea of how much to pay for it and how to gauge the return on that investment. Yet many companies do just that when it comes to their most important and costly, asset — their people. How else can you explain the enormous number of companies that aim for the middle or median (up to 85% of companies, according to SHRM, match the market median for base pay)? The same happens when executives design total reward strategies: They often offer same perks and benefits that their competitors do, neither lagging the market nor standing out.

The pros and cons of unlimited paid time off

The pros and cons of unlimited paid time off

Most people in the U.S. get a few weeks of paid time off, but not everyone takes advantage of it — in fact, according to a recent Fortune study, 54% of American workers did not take all their days off in 2016. Despite the under-utilization of industry standard time-off plans, a few employers are beginning to take a different approach by offering an unlimited paid time off (PTO) policy.

10 Questions to Ask When Renewing Stop-Loss

10 Questions to Ask When Renewing Stop-Loss

It’s fall and if you’re a benefits leader, you are probably gearing up for open enrollment and finalizing any new vendor implementations. Now is also the time when most self-insured plan sponsors need to obtain or renew a stop-loss insurance policy, a policy placed on a self-insured medical plan that reimburses the plan sponsor for claims exceeding specified levels. While straightforward on the surface, getting the details right in your stop-loss coverage can save or cost you millions. 

How healthy is your workforce?

How healthy is your workforce?

And I’m not talking healthcare benefits or an on-site gym. How healthy is the variety of your workforce? You might have diversity and inclusion-focused hiring practices; run workshops on unconscious biases, keep an eye on your men/women ratio and even have a Head of People and Happiness or a Diversity and Inclusion person on board. Despite all the effort, your diversity issues might still be deeper than they seem. Is your diversity check-up long overdue?

Carine Schneider, Global Stock Plan and Private Market Expert, Joins Nua Group as a Partner

A renowned authority on global stock programs, gender diversity, pay equity and the private market, Carine Schneider has joined Nua Group as a Partner, effective today, bringing deep experience in advising clients on people-related issues that enhances Nua Group’s capabilities.