Practical HR Tips, News & Advice. Updated Daily.
Pay is going to be a huge factor in attracting (and retaining) high performers in 2015. What are some of the options out there that work? Here are some ideas for revamping your comp plans from Cassandra Faurote and Karl Ahlrichs, SPHR.
In yesterday’s Advisor, consultant Mari Ryan, CEO and founder of AdvancingWellness, showed how a well-executed wellness program can save your company a great deal on healthcare costs. Today, she shares just how well this has worked for two very different companies.
Every employer is concerned about health care. If you’re looking to reduce the costs associated with these benefits, turn to your wellness programs, says Mari Ryan, CEO and founder of AdvancingWellness in Watertown, Massachusetts.
What Is Written? Start with the written documents, says Kleinman. What written documents relate to compensation? Who has them? Who wrote what and when? What do they say? For example: Plan documents Structures Policies Pay parameters Hiring/Bonus boundaries (approval levels, etc.) How’s Turnover? What turnover levels is the organization experiencing? Functional turnover is created “intentionally,” […]
For companies that have cut back on pay for a few years (who hasn’t?), it’s time to take a look at your status, says Daniels, who is senior consultant at Keating Advisors, LLC. You may well have fallen behind or your structure may no longer align with your strategies. Review Your Current Base Pay Structure […]
Daniels, Senior Consultant at Keating Advisors, LLC, offered her suggestions at a recent webinar sponsored by BLR and HR Hero. How to Conduct a Base Pay Structure Review Daniels says a well-designed and effective base pay system should be: Supported by an agreed-upon organizational compensation philosophy Supported by clear compensation administration policies Driven by up-to-date […]