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.
How Well Do You Measure Performance? Regarding the way their organization conducts performance appraisals, a hefty 75.2% rate their organization as average or above. Details: How well? Percent of Participants Excellent 2.1% Above average 21.9% Average 51.2% Below Average, Needs Improvement, or Terrible 24.8% What Performance Appraisals Measure Overall performance is measured by 80.7% of […]
In yesterday’s Advisor, we shared the results of our 2014 Performance Management survey; today, the rest of the results.
Speaking about the other entity, SHRM and HRCI both said to HRDA, “Their interpretation of ‘partnership’ Is not the same as ours.” SHRM found HRCI intransigent on the issue of adding competencies to the certification process. HRCI says that SHRM defines “partnership” as controlling and their position threatened HRCI’s independence, which they believe is necessary […]
Training Methods Our survey shows the following methods used regularly for training employees. In the coming years, 86% expect to use more online training and 68% plan to utilize more in-person sessions conducted by the HR staff. More video/DVD and mobile/tablet-based materials will be used by 51%, and more telephone/audio conferences will be utilized by […]
The U.S. Supreme Court ruling that “closely held” for-profit companies can — on religious grounds — opt out of a federal requirement to provide certain contraception coverage is rife with implications for self-insured and other employer-sponsored health plans. The ruling is unlikely to lead to a wide variety of religiously inspired opt-outs, benefits attorneys held, […]
Thanks to all 1,052 participants in the 2014 Training and Development Survey! Here are the detailed results: HR’s Role HR wears multiple hats when it comes to implementing training programs. What Is HR’s Role? Helps supervisors with training for employees as needed 86.9% Decides what training is needed 86.2% Evaluates training materials/options 83.5% (59% in […]
Unit Performance Differentiation It’s hard to read the numbers in the chart below, but it’s easy to see what the chart is saying. The collection of data on the bottom right is for employees rated “needs improvement.” The middle grouping is for “successful” performers, and the grouping at the right is for “exceptional” performers. The […]
Compensation Scorecards A compensation scorecard is any dissemination of aggregate compensation information beyond the HR organization. There are several types of scorecards, says Insler, who is the senior vice president at Sibson Consulting and leader of Sibson’s Western Region. His tips came during a recent BLR-sponsored webinar. Basic compensation information (e.g., average merit increase) Comparative […]
In yesterday’s Advisor, we offered consultant David Insler’s take on compensation scorecards; today, his comparative charts for unit-to-unit and comp-to-business data.
Spoiler alert: If you haven’t seen the movie and would like to, you might want to stop reading because I’m about to reveal the entire plot. According to the movie, Disney spent more than 20 years pursuing Travers (whose real name was Helen Goff) to obtain the rights to make a film based on her […]