Practical HR Tips, News & Advice. Updated Daily.
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.
The Consumer Price Index (CPI) measures how much average prices are moving by surveying households to find their average spend on specific goods and services during a given time period and then comparing that total cost to previous time periods.
In today’s Advisor, we look at recommendations—including for training—from a recent study on suicide in the workplace.
The Securities and Exchange Commission (SEC) recently proposed rules that would require companies to disclose the relationship between executive compensation and the company’s financial performance. Today and tomorrow, we’ll look at what these rules mean for employers.
2015 has seen some dramatic changes in the business landscape, and the importance of an employer’s brand has become more important than ever. Studies are showing that top talent today want to work for a company they trust and believe in—but not much has been said about what organizations are actually doing to capitalize on […]
Barry L. Brown, SPHR, CCP, of Effective Resources, Inc., understands that time and budgets are both at a premium—but that your compensation plan is probably still in need of some TLC. Yesterday, we got some of Brown’s tips for a DIY compensation makeover. Today, his thoughts on remedying a common but serious comp problem: wage […]
Wellness incentives, especially penalties, can increase employees’ participation in wellness programs but other factors play a considerable role as well, a study by the RAND Corp. indicates. “The main finding is that, while incentives increase employee uptake among programs with limited services, offering a comprehensive program is almost as effective,” according to a RAND summary. Workplace […]
Working with outdated pay ranges can create turnover, pay equity issues, low morale, and legal challenges. Also, granting merit increases without an accurate budget or distribution methodology has the potential to damage your professional credibility. Is calling in a compensation consultant the only solution?
Yesterday, we talked about job prospects for the most recent crop of college grads, and things are looking good in terms of both starting salaries and number of jobs available. But what about the outlook for their younger brothers and sisters looking to earn some money at summer jobs?
We’re now well into the swing of college graduation season, and the newest crop of alums has even more to celebrate than many of their predecessors—including ample job prospects and higher-than-usual starting salaries.
Yesterday, we got some insights from Chuck Csizmar of CMC Compensation Group about the importance of having a formal compensation strategy document at your organization. Today, we’ll look at the rest of his “Top 8” list of design considerations, plus some final strategies for success.