The Key Role of Job Descriptions in Pay Programs
It’s easy to think of job descriptions as an HR compliance tool—which they are. But it’s also important to remember that they play an important role in your compensation planning as well.
Tag: SALARY
Boomers and Xers Look at Short- and Long-Term Pay Differently
Yesterday, we got some insights from Laura Fries, managing director and executive vice president at Baker Tilly, on pay strategies to retain up-and-coming Gen Xers. Today, her thoughts on short-term versus long-term pay for different generations.
New Pay Strategies Needed to Incentivize a New Generation of Executives
In the upper reaches of corporate America, the largest generation on record is retiring—and a new generation is getting set to take over. And Gen Xers aren’t looking for the same things, compensation-wise, their Baby Boomer predecessors were.
Bonuses and Flexibility Effectively Reward Top Performance
Yesterday, we looked at some performance review recommendations by Alan C. Fox, the president of ACF Property Management, Inc. and the author of PEOPLE TOOLS: 54 Strategies for Building Relationships, Creating Joy, and Embracing Prosperity. Today, we present the rest of his list.
7 Ways to Improve Your Performance Review Process
Money is one reason the annual review is dreaded, notes Alan C. Fox, the president of ACF Property Management, Inc., and the author of PEOPLE TOOLS: 54 Strategies for Building Relationships, Creating Joy, and Embracing Prosperity. A second reason is that the employer needs to give the employee “constructive” criticism.
Variable Pay: Make It Work for Your Organization and Your Employees
Comprehensive variable pay programs—more “pay at risk” for employees—are a growing trend for 2015 and beyond, notes John A. Rubino of Rubino Consulting Services. Here are some reasons why, and why you could save some serious money by implementing a comprehensive variable pay program at your organization.
Keys to Aging Salary Data Effectively
If you’ve worked in compensation a while 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 for practical tips from BLR’s Senior Compensation Editor Sharon McKnight, CCP, SPHR.
Five Trends in 2015—What’s the Forecast Say?
In yesterday’s Advisor, CareerBuilder’s annual job forecast survey predicted a sunny 2015 for jobseekers; today, the survey’s results reveal five up-and-coming trends in the comp and recruiting arenas.
Hiring and Comp 2015—Forecast Is Looking Sunny
According to CareerBuilder’s annual job forecast, more job openings are on the way in 2015. Over one third of employers polled are planning to hire full-time, permanent employees in the coming year—the most favorable outlook from the survey since 2006. Also on the agenda? Salary increases, including raises for minimum wage employees.
An Up-and-Coming Recordkeeping Requirement: Paid Sick Leave
In yesterday’s Advisor, new recordkeeping laws for 2015 were presented by Attorney Usama Kahf; today, he shares more requirements to be on the lookout for.