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.
For a more detailed explanation, we turned to BLR/HRhero’s HR Guide to Employment Law, written in part by Desmond, who is a Partner in the New Orleans, Louisiana office of Jackson Lewis LLP. You could set yourself up for a disparate impact suit, Desmond says, if : Your listed requirements on the job description are […]
They assist you in clarifying what skills or traits you expect an applicant to meet. They help you to defend yourself in court should you be sued over your hiring decision. We found details in BLR/HRhero’s HR Guide to Employment Law, written in part by Desmond, who is a Partner in the New Orleans, Louisiana […]
In yesterday’s Advisor consultant Kurt Fichthorn revealed the “hot buttons” the ISS (Institutional Shareholder Services) looks for in executive comp packages. Today, his take on 2012 trends, plus an introduction to the all-compensation-in-one website, Compensation.BLR.com. Fichthorn , vice president in the Philadelphia office of Hay Group, was joined in his presentation at a recent BLR/HRhero […]
ISS (Institutional Shareholder Services), which rates executive pay for shareholders, might seem to be losing influence, says consultant Kurt Fichthorn, but every compensation committee in America continues to be aware of the ISS standards around executive pay. During the 2011 proxy season, shareholders seemed to be less influenced by ISS on say on pay, says […]
How the U.S. Department of Health and Human Services will identify benchmark plans that would set the standard for essential health benefits under health reform was described in a final rule issued July 23. This is important because policies sold on health insurance exchanges — for individuals and for small groups — must cover the […]
Yesterday’s Advisor posed many of the tricky questions surrounding sales incentive compensation. Today, options for sales comp, plus an introduction to the program specially directed at smaller HR departments. The most important design features in a sales compensation program are the pay level (how much) and pay mix (proportion of incentive pay to base pay). […]
By Jane Meacham A plan sponsor’s immunity from financial losses that resulted from its shift of retirement plan participants’ investments into qualified default investment alternatives was upheld by the 6th U.S. Circuit Court of Appeals in its decision in Bidwell v. University Medical Center Inc., Case No. 11-5493 (June 29, 2012). Facts of the Case […]
Among employers awarding merit increases in 2012, the most commonly cited increases ranged from 2.5% to 3.0%. This corresponds closely with SHRM’s recently announced figure of 2.8%. Last year’s survey indicated an average “planned” merit increase for 2012 of 2.1%. Actual merit increases for 2012, however, were higher than anticipated for the first time in […]
Setting sales comp sounds simple, but it’s easy to get it wrong, and that can be costly. Carelessly designed programs can have disastrous, unintended consequences. For example: If salespeople don’t view your program as competitive, your best salespeople will seek greener pastures. If salespeople don’t view your program as fair, there will be morale issues. […]
In yesterday’s Advisor, consultant Michael Strand began laying out his seven steps for market pricing. Today, steps 5, 6, and 7, plus news about a comprehensive wage/hour compliance tool for HR managers. Strand, owner of consultancy HR Dynamics Inc., offered his seven steps to successful market pricing at a recent webinar hosted by BLR/HRhero. [Go […]