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Here’s are Wudyka’s 9 top tips for 2011: 1. Reexamine Your Pay Program The bad economy has produced a tremendous opportunity for us to improve our compensation plans, Wudyka says. For example, consider gainsharing, he suggests. It only pays out when company does better. 2. Reallocate Comp Dollars Re-examine the way that you allocate comp […]
The scandals were shocking, but at first, they seemed to impact just a few companies. The name Enron became familiar to everyone. The next wave of meltdowns took down some large investment banks, such as Merrill Lynch and Bear Stearns, and more people were affected. The public outcry over how executives at these companies were […]
As the economy crumbled around our collective feet, the proper design of a compensation program may not have seemed like a priority. But with more candidates than jobs available and the U.S. unemployment rate determined to break into double digits, you may be surprised to learn that compensation programs continue to play a vital role […]
Imagine for a moment that you own a company. Unfortunately, your company, like many companies recently, has experienced some problems that have put its mere survival in question. You’ve taken action, removed the employees who were responsible for creating most of the problems, and even brought in a new senior executive — a seasoned industry […]
It’s time for HRHero’s annual holiday survey to see how many holidays companies are offering during the next 12 months and how the economy will affect their holiday celebrations and bonuses. This year’s survey starts with the Thanksgiving holiday this month and goes through October 2009. And speaking of holidays, HR Hero Line will take […]