Category: 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.

Incentive Program Rewards Employees Who Take Their Medicines

If you’ve already got a smoking cessation program and a weight loss program, you might believe you’re doing all you can to encourage employees to be their healthiest. If you’re finding that employees enjoy receiving rewards and points from those programs, congratulations! It is likely that you’re increasing the general level of health among your […]

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Incentive Compensation: Customer ExperienceTranslates to Cash for Airline Employees

American Airlines made the decision to keep flying, too. But employees weren’t happy, and customers complained. The airline needed to find a way to solve both problems. Mark Mitchell, managing director of American’s Customer Experience area, takes us back: “In the middle 2000s, maybe 2003 to 2006, as American worked very diligently to take the […]

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Customized Rewards Cards Bring Increased Appreciation

In some ways, a company is an impersonal entity. But more than that, it is a group of individuals, each with their own needs, wants, and motivations. How can you ever hope to set up an employee rewards program that speaks to each employee individually? David Jones, CEO of Card Lab Inc. (www.cardlabcorp.com), says large […]

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Mitigate Risks of Your Incentive Compensation Plan

The collapse of several large financial institutions and the accompanying economic meltdown ushered in a new era in the United States, perhaps even in the entire world. Frugality and a new level of contemplation became commonplace. Along with this new sobriety came new rules, designed to prevent (or at least mitigate) what many view as […]

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Retirement Plan Advice—What Every Plan Sponsor Should Know

By Larry Karle, Longfellow Benefits While the market crash of 2008 is in the rearview mirror for many participants and plan sponsors alike, the bitter taste that was left due to many people suffering significant hits to the values of their retirement savings and their 401(k) balances remains to this day. In some instances, participants […]

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Voluntary Benefits: Now May Be Right Time to Implement, Educate

For Holly Monroe, open enrollment and an increase in cardiovascular activity came at the same time each year. When she spotted the representatives from her employer’s voluntary insurance plans, she says, she always took to her heels. “I was one of those people who would run from the insurance people,” she freely admits. Monroe has […]

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Retirees Benefit from Life Insurance as Protection Against Declining Income

Recent economic conditions may be compared to torrential rains. It seemed at some points like the downpour just kept coming, and that companies and individuals got more and more panicky as the water kept rising. All of us have been affected in one way or another, but perhaps none more so than the retired population. […]

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On-Site Medical Offices, Wellness Initiatives Promote a Culture of Health

Who: W.R. Grace & Co. What: Offers on-site medical offices and promotes wellness Results: Lower absenteeism and lower incidence of seasonal flu. Lower turnover and lower heath insurance costs. Increased personal and team productivity. W.R. Grace & Co. not only promotes the benefits of wellness to its 5,900 employees globally, the company makes it easy […]

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CEO of Penny’s Receives 48% Pay Increase in 2010

Myron Ullman III, CEO and Chairman of J.C. Penney, received a total compensation package worth $12.3 million dollars in 2010, a 48% increase from last year, according to the Associated Press.   Bloomberg Businessweek reports that while Ullman’s base salary of $1.5 million remained unchanged from 2009, his other benefits far outweighed those of last year. […]

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Microsoft to Boost Cash Compensation

Microsoft has announced plans to shift stock awards into the base salaries for its most valuable workers, proving more cash up front, says Bloomberg. This comes amid news of increasingly competitive compensation practices in the technology sector, with Google, Twitter, and and Facebook camps looking to attract…and keep the best engineers and computer scientists. Some […]

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