Tag: Compensation System

4 Steps to Thaw Pay Freezes

“I think what we’re going to see is that where there were takeaways or freezes, the money is going to be given back, but not across the board,” says Dorf, who is Managing Director of Compensation Resources, Inc. “Companies are doing it on a much more discrete basis, targeted to those employees who have really […]

You Found Compensation ‘Disparities,’ Now What?

It’s important to recognize that you need to be able to document an employee’s compensation history, not just their current salary, says consultant Judith Mickey. Look at the employment lifecycle:  Start rates (identify overqualified applicants) Pay increase documentation Pay decrease documentation Wage freezes, etc.  Mickey, of HR Consultants, Inc., offered her comments at the recent […]

Catch Me If You Can Compensation? DOL Says ‘I Caught You’

“There is a dramatic increase in wage and hour lawsuits,” says Contacos-Sawyer (and the recent Wal-Mart decision probably means an even greater increase). At her presentation at the recent World at Work Total Rewards Conference in San Diego, Contacos-Sawyer, president of HR Consultants, Inc., was joined by colleagues Polly Wright and Judith Mickey.  What About […]

Bank Saves Time, Money by Not Following ‘The Paper Trail’

Part 1: The Problem with Paper When our saga begins, the paper is new. It is made into a three-part form: one pink, one canary, and one the palest of blues. No one really knows why it has three parts, but everyone who sees it appreciates its delicate hues. After a few months in a […]