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.
Shareholders are voicing their disapproval over excessive executive pay. HR managers need to know the public’s “breaking point” for each pay element, says consultant Kurt Fichthorn. Fichthorn, who is vice president in the Philadelphia office of the Hay Group, offers the following chart to clarify what employers want and how it compares to what the […]
Yes, it’s worth the time and focus on your compensation philosophy, because it is the basis for everything you do in compensation. You need to get it to paper so execs, managers, and employees understand, says Rizzuti. Rizzuti, who is a principal and senior consultant with Compensation Resources, Inc, in Upper Saddle River, New Jersey, […]
Base executive pay decisions on total direct compensation and you are likely to “miss the market by a mile,” says consultant Kurt Fichthorn. 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 […]
Employers could use auto-escalation as a way to encourage 401(k) participants to increase their contributions and reduce the number of employees missing out on matching contributions from the plan sponsor. That’s the finding by WorldatWork and the American Benefits Institute, which said that nearly a third of U.S. retirement plan sponsors they surveyed think more […]
Here’s what Oswald said: Recently, an adaptation of The Wizard of Oz was released. If you’re like me, you grew up watching the 1939 classic. The new film got me thinking about those wonderful characters created by L. Frank Baum. There’s the Cowardly Lion, the Scarecrow, the Tin Man, and, of course, Dorothy. Each one […]
Employer group health plans must eliminate waiting periods of more than 90 days before enrolling otherwise eligible employees (or dependents) into health coverage, under proposed rules issued on March 18 by the federal agencies implementing health reform. For Clear Full-time Hires, It’s 90 Days Group health plans and health insurers in the group plan setting […]
Employers based outside Vermont will have to provide the health coverage to same-sex spouses of Vermont residents if a just-passed bill is enacted. The Vermont House of Representatives passed the measure on March 15; the state Senate followed suit on March 19. It now goes to Gov. Peter Shumlin (D). If he signs it, the […]
Your organization may be at risk of losing top talent and may face future recruiting challenges as employees weigh their employment options more carefully in a recovering economy, says Daniels, who is senior consultant at Keating Advisors, LLC. Hiring Is Heating Up Recent BLS data, says Daniels, show that there is an increase in hiring. […]
"Even if we’re talking about an injured worker is in a protected classification, the employer can generally discipline that person as long as they can show good cause." David Schmit told us in a recent BLR webinar. Good cause can be defined as "a fair and honest cause or reason, regulated by good faith on […]
For companies that have cut back on pay for a few years (who hasn’t?), it’s time to take a look at your status, says Daniels, who is senior consultant at Keating Advisors, LLC. You may well have fallen behind or your structure may no longer align with your strategies. Review Your Current Base Pay Structure […]