Practical HR Tips, News & Advice. Updated Daily.
Innovation drives productivity and opens up new opportunities. The most innovative companies, from Apple® to Zappos, are also the most successful. But innovation requires flexibility, a willingness to change, and a good tolerance for risk—three things that aren’t always part of compensation management.
In yesterday’s Advisor, we presented findings from the 2014 Holiday Practices Survey. Today, more from this timely study, including how companies are handling charitable donations, decorations, and gifts for employees.
[Go here for 2014 data and the rest of the survey results] 2015 Merit Increases A mere 13.8% (down from 14.1% in 2013) of survey participants have decided and/or approved their pay budgets for 2015, leaving 86.3% undecided as of the end of June. Of those who have decided, on average across all employee types, […]
Highlights of the survey: 18.2% of respondents are awarding merit increases (averaged across all employee types) of up to 2.5% in 2014 and 46.1% are awarding increases of more than 2.5% 21% of survey participants awarded an increase of 2.51–3% for “Meets requirements” and 12.9% awarded that amount for “Exceeds requirements.” The biggest challenge for […]
By Myriam Robichaud Most employers in Canada understand that when terminating an employee, reasonable notice of termination or pay in lieu of notice must be provided. While this principle appears simple, determining which elements of compensation must be included in pay in lieu of notice can be complicated.
Once you’ve got a salary increase matrix (see below), determining increases should be simple—but it’s not. Several approaches are commonly used for determining salary increases. Performance/merit systems are the most common. Across-the-board or general increases are often tied to increases in the cost-of-living index. For unionized employees, the collective bargaining agreement will include a negotiated […]
What’s in the Survey Report? Here’s what you’ll find in the full survey report below: 2013 Data 2014 Data Breakdowns by Geography and Industry Criteria Used to Determine Rate Range Adjustments Pay Practices Factors That Affect Salary Increases How the Salary Range for a New Position Is Determined Sources of Salary Data HR’s Role in […]
As we all know, the FLSA requires us to pay overtime pay when it is due, and the base pay rate must include all payments for that time period in question—including incentive pay and bonuses paid during that time. But is that always the case? Actually, the answer is no. It’s true that most incentive […]
Tammy Binford Imagine a workplace where employees are eager, engaged, motivated, and loyal. Now think of what an employer can do to create such employees. Part of the formula will focus on rewards, recognition, and even a little fun. When considering what perks to offer employees, the sky seems to be the limit. Paid time […]
by Jennifer L. Anderson Ebenezer Scrooge is the most infamous of employers — overworking and underpaying his employees, denying their vacation requests, and spreading holiday misery rather than holiday cheer. Fortunately, A Christmas Carol is fiction, and times have changed. These days, most of you decorate your offices, accommodate employees’ vacation requests, provide standard holidays […]