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.
Health reform’s uniform summary of benefits and coverage (SBC) will cost insurers and third party administrators (TPAs) about $160 million over the next three years to develop, update, and provide the SBC and glossary to applicants and enrollees, its agency drafters estimate. That includes $25 million in 2011 , $73 million in 2012 and $58 million in […]
Last week I caught wind that some protesters were causing a street closure at the corner of 16th and I Streets, N.W., in Washington, D.C., a block from the White House and, as luck would have it, a block — in the other direction — from the editorial offices of Thompson Publishing Group. I grabbed […]
I-deals are idiosyncratic “deals” that managers make with individual employees. They’re hard to stop, but it’s worth trying, says Greene, who is CEO of Reward $ystems Inc., in Glenview IL. Greene’s remarks came at the recent 2011 World at Work Conference in San Diego. Idiosyncratic “Deals” With Individuals/Groups Competitive talent markets increase the pressure to […]
Federal courts on numerous occasions in the last two years have dismissed plan participant allegations that their employers charged excessive retirement plan fees. The rulings taken together say: If a plan is not enriching itself at participants’ expense — or operating with a conflict of interest in relation to its investment company — then it’s […]
In yesterday’s Advisor, consultantsMyrna Hellerman CCP and Jim Kochanski discussed how Big Bang companies broke out of sameness; today, their take on carve-outs and promotions, plus an introduction to a unique 10-minutes-at-a-time training system for your managers and supervisors. Hellerman and Kochanski, who are Sr. Vice Presidents at Sibson Consulting, offered their tips at WorldatWork’s […]
And to make matters worse, compensation policy-making and enforcing has gotten harder, says Greene, CEO of Reward $ystems Inc., in Glenview IL. Greene’s remarks came at the recent 2011 World at Work Conference in San Diego. Why is policy making tougher today? People are more mobile, and they’re onsite and offsite Critical skill shortages exist […]
For at least 10 years, the practice of managing compensation has been caught in a black hole pulling organizations towards “sameness,” say experts Myrna Hellerman CCP and Jim Kochanski. In today’s Advisor, they discuss how some Big Bang companies broke out of sameness to do what was right for the business. The Forces of ‘Sameness’ […]
Lesson #1: Honesty is the best policy Oswald told the story about getting in trouble in school and having to bring a note home for his mother to sign. He found the girl in his class with the best penmanship, and had her sign the note. The next morning, he couldn’t bring himself to go […]
BLR’s 2012 Pay Budget Survey was conducted in June 2011. A total of 1637 organizations participated. (For a complete copy of the Pay Budget Survey, including regional data, go here.) Here are more findings: Planned Increases by Company Size Small employers (those with fewer than 100 employees) and medium (between 100–500 employees) are planning the […]
Sales comp is tricky any time, but it is especially difficult now, when so many things are changing: the economy, the customers, the products, the technology. But you still need a plan. Expert Laura Roach has one. In yesterday’s Advisor, we began expert Laura Roach’s 10 practical steps for aligning sales comp and corporate strategy. […]