Practical HR Tips, News & Advice. Updated Daily.
“We’ve looked at hundreds of companies’ plans,” Dolmat-Connell says “I guess if you could boil it down, there are three key pieces of advice.” (Dolmat-Connell is president and CEO of compensation experts DolmatConnell, & Partners in Boston, Massachusetts.) First of all, he says, make sure you don’t have uncapped plans. Second, make sure you balance […]
Peer Group ‘Arms Race’ Boyd, a researcher at Boston-based compensation consultant Equilar, says that pay ratcheting is a concern when companies compare themselves to their peer group. “For instance, you decide to set your CEO’s pay above the median of the peer group. Then other companies see that figure and want to set their CEO […]
Who’s in Your Peer Group? The first thing to do is to decide which companies should make up your peer group, says Boyd. Should you compare to companies: Against whom you compete for business? Whose revenues are approximately the same as yours? With about the same number of employees? In the same industry? Isn’t there […]
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 […]
Employer sponsored health plans that set low annual limits on “essential” benefits have been able to apply to HHS for a waiver if they can demonstrate that compliance with June 28, 2010 interim final rules phasing out such caps would cause a “significant decrease in access to benefits or a significant increase in premiums.” Waivers […]
A recent study conducted by Equilar of CEO turnover in the S&P 1500 has found that women are finding some foothold in the traditionally male-dominated roles of CEO. A March 2011 study by Catalyst found that while women comprise nearly half (46.7 percent) of the U.S. workforce, they make up only 2.2 percent of the […]
Myron Ullman III, CEO and Chairman of J.C. Penney, received a total compensation package worth $12.3 million dollars in 2010, a 48% increase from last year, according to the Associated Press. Bloomberg Businessweek reports that while Ullman’s base salary of $1.5 million remained unchanged from 2009, his other benefits far outweighed those of last year. […]
A while back, we asked readers to send in some “horror show” examples of bad interview questions — and oh, the response we got! Here are some of our favorites, along with commentary from those who submitted them.
The following is a list of the bestselling hardcover business books as ranked by the Wall Street Journal with data from Nielsen BookScan on August 23. 1. StrengthsFinder 2.0: A New and Upgraded Edition of the Online Test from Gallup’s Now, Discover Your Strengths by Tom Rath. Are you unsure where your true talents lie? […]
by Katherine Pollock Recently, we learned of a scandal out of the United States that cost a top CEO his job. On August 6, Mark Hurd, the chair, CEO, and president of Hewlett Packard for the past five years, “resigned” under intense pressure from the board. While it was an allegation of sexual harassment that […]