About Colt Fosburgh

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So far Colt Fosburgh has created 17 blog entries.

Employee Burnout and How to Prevent It

By |2019-09-18T13:08:27-08:00September 18th, 2019|Blogs, Retention, Trends|

Burnout is more than those familiar feelings of stress or boredom in the workplace. Burnout is characterized by feelings of hopelessness, resulting in decreased productivity and performance. It has become so widespread that it is now recognized by the World Health Organization. If alleviating and eliminating employee burnout is not already on

World-Class Sales Compensation Plan Redux

By |2019-09-13T10:20:54-08:00September 12th, 2019|Blogs, Sales Compensation Design|

Complicated compensation plans that are poorly designed and communicated can confuse and demotivate your sales team. Here are a few questions that may help you determine if it might be time for a program redesign.  Is your sales compensation plan too complicated? Do your performance measures align with job content and company goals?  Is your sales plan producing the desired results? Do your participants understand the program? 

The New Epidemic – Loneliness 

By |2019-09-18T13:08:59-08:00September 5th, 2019|Blogs, Communications, Retention, Training, Trends|

Do any of these statistics* surprise you?  Nearly half of Americans report sometimes or always feeling alone or left out  Two in five Americans sometimes or always feel that their relationships are not meaningful and that they are isolated from others  Generation Z (adults ages 18-22) is the loneliest generation and claims to be in worse health than older

Create Confidence in Your Compensation Program

By |2019-09-05T11:30:53-08:00August 22nd, 2019|Benchmarking & Pay Structure Development, Blogs|

Do you know if your company’s pay is competitive in the marketplace? Are you dealing with high turnover, or are you unable to recruit and retain top talent? Your employees are watching the market.  Can you explain to them why your compensation remains competitive? Are you sure that you are paying people fairly and

Compensation and Retention: The Millennial Workforce Challenge

By |2019-09-18T13:09:28-08:00July 17th, 2019|Benefits Assessment, Blogs, Communications, General Compensation, Retention, Trends|

Compensation and Retention: The Millennial Workforce Challenge Competition for talent is especially fierce when it comes to younger Millennial professionals who want jobs that fit their active lifestyle, support their desire for work-life balance, and meet their fast-tracked professional growth goals. If they feel disengaged or a position isn’t meeting their expectations for personal

Survival Guide to Crisis Communications

By |2019-07-03T09:44:15-08:00July 3rd, 2019|Blogs, Communications|

Crisis: A crisis is defined as an event, situation, or public initiative that threatens a company's ability to effectively operate its business. A crisis can escalate into a disaster or long-term impediment to business growth if not handled with efficiency and sensitivity to all involved.  When a crisis occurs the need to communicate is immediate and corporate communications teams are often put to the test. How the team responds to an

Washington State Implements Salary History Ban

By |2019-06-05T15:26:25-08:00June 5th, 2019|Benchmarking & Pay Structure Development, Blogs, Communications, Executive Compensation, General Compensation, Pay Equity Compliance, Sales Compensation Design|

In early May, the Washington state governor signed the Washington Equal Pay and Opportunities Act (EPOA). This act imposes pay transparency requirements that go beyond most other pay equity laws and will likely affect most employers in our state. Here’s what you need to know: The EPOA prohibits Washington employers from inquiring about an

Pay Transparency

By |2019-05-13T15:39:23-08:00May 13th, 2019|Benchmarking & Pay Structure Development, Blogs, Communications, General Compensation, Sales Compensation Design, Short & Long Term Incentive Plan Design|

Trending: Pay Transparency Trying to find an appropriate balance when discussing how you determine pay and what an employee’s earning potential is, can be tough. As we continue to see concerns about wage gaps, pay inequities and miscommunications, organizations have an excellent opportunity to share more information about how compensation programs are designed and

Pay Equity Regulations Prompt Action and Close the Gap

By |2019-04-15T10:56:37-08:00April 15th, 2019|Cases, Pay Equity Compliance|

Challenge: Our client was interested in achieving and maintaining gender pay equity among their workforce.   Solution Deployed: We know that base pay often is a root cause of total compensation pay gaps, so we began by reviewing current pay practices and organizational structures. We then gathered all relevant data and were able to complete a thorough analysis that included looking beyond performance ratings:  at other factors that are less prone

Sales Incentives Require Critical Update

By |2019-04-04T19:25:07-08:00April 4th, 2019|Cases, Sales Compensation Design|

Sales Incentives Require Critical Update Challenge: Our client had been purchased by a venture capital firm and was facing a merger. Existing sales incentive plans needed refreshing as retention of the sales force was critical. Current incentive plans were complicated to understand and needed to be streamlined and simplified. It was also necessary to