4 More Flaws of Performance Management
Yesterday’s Advisor reviewed 6 of 10 flaws that can afflict typical performance management systems; today, we present the final four pitfalls to avoid while you’re assessing employees during appraisals.
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Fiduciary Duties Are Myriad, So Safeguards Matter
Monitoring the performance of service providers, making required disclosures to participants and beneficiaries, keeping good records and filing reports with the government are just a few of the important functions a fiduciary must ensure are properly executed, an enforcement official at the U.S. Department of Labor’s Employee Benefits Security Administration unit told a group of […]
Turnover Costs: What to Include
Of the many HR metrics we study, perhaps some of the most requested are turnover metrics. It’s important to know how much turnover we have so we can make estimates on how much this turnover is costing the organization and to take steps to reduce both the turnover and the associated costs. These costs have […]
Forget About Cash Compensation?
By Bryan Van Noy Whenever your company is thinking about giving out some additional compensation, it seems so easy to go with cash. But Bryan Van Noy, a compensation expert and cofounder of Sonic Boom Wellness, says that cash compensation lacks what really matters about compensation: staying power, not to mention originality. When it comes […]
Ask the Expert: Disability Insurance and Medical Expenses
Can you explain how our medical benefits work with disability insurance? When does medical insurance terminate for an employee who is not working due to a short or long term disability? Does disability insurance cover any of the employee’s medical expenses? (We are covered with a private disability insurance, not through SDI).
Freedom and Opportunities for Collaboration Are Cherished Benefits
A newly released survey from Jive Software, Inc. in Palo Alto, California, finds that seven out of ten (72%) employees want to use more technology in the workplace that enables them to work from anywhere. Furthermore, the same percentage state that the freedom to try new tools makes them more effective in their jobs, with […]
Professional Basketball Team Offers Unusual Employee Benefit: Genetic Testing
According to a recent story by Mark Anderson in the Sacramento Business Journal, The Sacramento Kings basketball team is now offering its full-time employees an unusual perk: genetic testing for ovarian and breast cancer.
Working-Parent Burnout Costing Employers, Says Survey
A new study shows that working parents are burnt out and they’re not feeling the love at work; leaving them more likely to quit, be less creative, and less energized about their jobs.
The Next 401(k) Challenge: How to Take the Money Out
How can you help those who reach retirement make smart decisions about how to use their assets to fund the rest of their lives? Employers are ideally situated to make a difference for their exiting retirees.
