Unless they’re finance people … or lawyers … HR professionals often find handling comp and benefits the hardest part of the job. Here’s a way to make it easier.
HR Daily Advisor recently provided a downloadable cost calculator to measure the cost of having employees leave you. There are, however, even greater risks that come with the employees who stay. Those are the risks of overpaying or of improperly paying your workers, either of which can kill your bottom line. Today, we’d like to recommend an eminently useful tool to help you meet those issues. It’s not free like the calculator, but you might just find it’s worth every penny.
That tool is the BLR subscription website, Compensation.BLR.com. Its purpose is to meet every research need you have in compensation and benefits. Or as some have said, “If you can’t find it on Compensation.BLR.com, it probably doesn’t exist.”
Here are the services provided by this unique tool (you can see extensive samples of many that are available services by clicking the link at the bottom of this article.)
–Wage-Hour and Other Legal Advice: Plain-English explanations of wage-hour and other compensation and benefits-related law at both federal and state levels. State in connection with this service means the laws of your state. The site is customized to your use. (Other states can be added at a modest extra charge.)
—Localized Salary Finder Based on other reliable research among thousands of employers, here are pay scales (including mean, 25th, 50th, and 75th percentiles) for hundreds of commonlyheld jobs, from assembly line worker to president of the company. The data are customized for your state and metro area, your industry, and your company size, so you pay what’s offered in your specific market, not nationally.
–Job Descriptions. The service provides them by the hundreds, already written, and already compliant with the Americans with Disabilities Act’s mandate that essential job functions be separated from those less critical. All descriptions carry employment grade levels to current norms, another huge time-saver.
–Salary and Benefits Surveys. The service includes the results of 3 surveys a year, telling you what employers are paying, offering as benefits, and budgeting for merit increases. Results for exempts and nonexempts are reported separately.
–Performance Appraisal Wizard. The difficult work of writing appraisals is nearly done before you start it, with this prewritten format. Enter the job elements and performance ratings, and the system creates a fair, legal, ready-to-sign review.
–News and Best Practices Advice. Hundreds of white papers and case studies, a weekly ezine of what’s new at the site, and comp and benefits news updated on a daily basis (as is the whole site) are also included.
If we sound as if we’re high on the program, it’s because we are. For about $2.67 a working day, the help it offers, especially to those with heavy compensation responsibilities, is enormous.
You can see for yourself, at no cost or obligation, by utilizing the 14-day free evaluation period offered by clicking the link below. We highly recommend you try it.
Click to learn more about or start your 14-day FREE Trial of Compensation.BLR.com.