Category: Benefits and Compensation
This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.
HR can have a pivotal role in dealing with mental health at work by creating a culture where mental health is part of an organization’s overall commitment to wellness—which can in turn have a positive impact on workplace productivity. Read more.
Many individuals are left to their own devices when it comes to healthcare coordination. As illustrated by an infographic by NewBenefits.com, your employees can face a number of difficulties and frustrations when seeking treatment. That’s where health advocacy comes in.
Which is better—job evaluation or market pricing? Though many see them as competing processes, a blend of the two offers more benefit because it balances the strengths and weaknesses of each. Click here to read more.
The annual raise was once a staple of the American workplace. However, it’s now turning into a relic of the pre-crisis economy as companies turn to creative—and cheaper—ways to compensate their employees. Read more.
Can you deduct from an exempt person’s salary for loss, damage, or unauthorized expenses? All of these deductions would be problematic because the employee is exempt under the FLSA.
Market-based compensation uses salary survey data to match pay with rates paid in the external market. It’s not a job factor evaluation system but can be used to develop an internal job worth hierarchy. Read more.
Millions of Americans earn their living from behind a desk and computer screen, and while that’s a reality only likely to expand over the coming years, hundreds of nondesk jobs continue to grow and thrive, according to a recent analysis of labor market data from CareerBuilder. Read more.
Is your salary data a toddler, a teenager, or ready for retirement? If you’ve worked in compensation for very long you probably know all there is to know about “aging” data. If you’re new to comp, however, and aging data is a bit of a mystery, read on.
By Laura Carabello, Founder and Principal, CPR Strategic Marketing Communications With budgets and pocketbooks having taken a severe hit from mounting healthcare costs, HR and benefits executives are challenged to help companies avoid substantial monetary penalties for noncompliance under the reform’s new regulations, and seek strategies to curb staggering healthcare costs. In this environment, medical […]
By Eliot Burdett, Peak Sales Recruiting After having spent many years negotiating sales compensation plans and witnessing the balance of power shift in recent years, from employers to top sales people, I’ve found that the following six compensation tactics help hiring managers make great sales hires.