Compensation

From benefits administration to wage and salary levels, HR Daily Advisor gives you specific 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.

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Assessing Salary Competitiveness: Market Survey 101

Do you ever wonder if your employees’ salaries are in line with the market? Perhaps you are finding that applicants are often turning down job offers—and you suspect the salary level might be to blame. How can you know? One of the best ways to get data on competitor salary offerings is to use a market survey.

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Performance Appraisal Basics: Continual Communication

Performance appraisals shouldn’t start and end with one annual meeting, yet this is a common mistake many employers make—a mistake that can leave employees blindsided and frustrated instead of empowered and productive.

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Merit Pay Systems—Do They Work? Not According to This Expert

When asked if merit-based systems are the most effective way of structuring pay, consultant John Rubino says, “No. I have never met a merit increase base salary program that I liked, and that was effective and motivational.”

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Survey says … What Leaves Are Your Competitors Offering?

Yesterday’s Advisor began our presentation with the results of BLR’s 2014 Employee Leave Survey; today, the rest of the results. How does your organization measure up?

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Employee Leave: Survey Says … How Do You Compare?

Highlights of the 2014 Employee Leave Survey:

  • 97% offer some type of vacation pay.
  • 80% allow employees to take sick time for sick relatives.
  • 30% allow some form of sharing leave.
  • As for top challenges regarding employee leave, scheduling workloads around employee leave topped the list at 49.8% followed by recordkeeping and/or tracking leave at 37%, abuse of leave at 36.5%, and FMLA intermittent leave at 33.5%.

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How’re We Doin’? (Compensation Scorecards)

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.

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A Meaningful Compensation Scorecard: Measure for Effect

Your compensation scorecard can be a powerful aid for developing real pay for performance, reducing entitlement, and, often, gaining management buy-in, says Consultant David Insler.

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Incentive Plan Funding, Improvements, Evaluation (Survey Results)

Yesterday’s Advisor began our coverage of the incentive Pay Survey; today, more survey results, including how respondents fund incentives, how they communicate their plans, how they evaluate, and how they would improve them.

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Two-thirds of Employers Provide Some Type of ‘At risk’ Pay to Employees (Survey Results In)

BLR’s 2014 Variable Pay Survey reveals that almost two-thirds of participants put some employee pay at risk. Some 1,452 employers participated in the recently completed survey. Here are some highlights:

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Pros and Cons of Opt-Out Employee 401(k) Plans

Retirement saving rightfully gets a lot of press, since it affects all of us. One of the most widely talked about retirement vehicles is the 401(k) plan, in which employees can make tax-deferred contributions to plans administered through their employer. It’s become the default retirement savings scheme for most people, replacing pensions, and there are actually a lot of options out there when it comes to 401(k) administration. One option that has come up a lot in recent years is the opt-out 401(k) plan.

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