Practical HR Tips, News & Advice. Updated Daily.
With the new year upon us, now is a good time to sit down and evaluate your pay grades, and pay-for-performance systems. Base pay grades aren’t a “set and forget” kind of thing. Employee salaries are fluid and always evolving. To remain competitive, base pay grades must be reviewed and adjusted periodically to keep track […]
An employee handbook can be your friend or your foe. Careless wording may create a contract promising employees advantages you don’t mean to promise, but on the flip side, a carefully-worded handbook can help shield your organization from liability. Employee handbooks are a powerful tool for any organization—if you get them right. Recently, Adam Keating […]
How can an employer make the decision whether or not to offer healthcare benefits versus paying the penalty for not doing so? This conundrum is referred to as “pay or play” when discussing the new healthcare reform law. However, the decision of whether or not to provide coverage is not simple and requires much more […]
In a BLR webinar titled “Depression and Other Mental Illness Under New ADA: Accommodation Practices for HR,” Susan G. Fentin and Ronald Schouten tackled the sensitive issue of handling depression and other mental illnesses that employees may face. This issue can be complex because employees are often reluctant to ask for help, the symptoms of […]
Reporting employer-provided health care coverage is required under the Affordable Care Act;while not a new 2013 payroll tax, it is a change to the W-2 form that employers need to be aware of. Healthcare Reform W-2 Reporting Requirements are Not New 2013 Payroll Taxes With all of the recent discussion over 2013 tax rates, it […]
Fichthorn, who is vice president in the Philadelphia office of Hay Group, offers the following chart to clarify what employers want and how it compares to what the public wants. Topic Area What Makes Business Sense? What Do Shareholders Want? Where’s Their Breaking Point? Pay Philoso-phy Pay positioning that maps to competitive positioning Pay positioning […]
To understand the importance of a total remuneration perspective, look at this table that reflects information about your CEO’s compensation, says Fichthorn, vice president in the Philadelphia office of Hay Group. CEO Compensation Comparison—Total Direct Compensation Marketplace Median President, XYZ Corp % of Median Base Salary $642,600 $949,000 148% Total Target Cash $1,099,100 $1,328,600 […]
Participate in this brief survey and see how your health benefits stack up against those of other successful companies. The survey takes only a few minutes to complete. Complete the Survey Now To show our appreciation we’ll send a PDF of the survey results to all participants. (Be sure to include your contact information where […]
Do your employees and clients view your workplace as just a facility? At Square, founded by Jack Dorsey, inventor of Twitter, the workplace is an “experience”—complete with an on-site barista! According to an article in Fast Company, the mobile credit-card and money payment system company, with offices in San Francisco, New York City, and Atlanta, […]
About 30% of the organizations Sibson Consulting studies do pay for performance well, consultant Jim Kochanski says. That means it is possible, but it’s not easy. Fortunately, there are nine factors that can help the other 70%, he says. Most employers say they have pay for performance, says Kochanski, but they don’t. Unfortunately, employees spot […]