Practical HR Tips, News & Advice. Updated Daily.
Keeping Your Best Employees: Using Compensation Strategy to Nurture the Keepers In today's market, even if you're not making changes yet, your competitors are already hiring, promoting, providing bigger merit increases, and restoring bonuses. There's less and less barrier and more and more incentive for employees to go somewhere else. "I think now it's incumbent […]
Dear Readers, With the constantly changing scope of social media, engagement, and analytics, it’s hard to stay on top of the latest trends in HR. How are your colleagues—and competitors—handling things out in the field? Please take a few minutes to complete this brief survey and help us (and you) find out what’s happening in […]
The three stats are released by the Bureau of Labor Statistics (BLS), a branch of the U.S. Department of Labor (www.bls.gov). The bonus metric is released by The Conference Board, a private, nonprofit research organization. Average Hourly Earnings Payroll data. Each month, the BLS collects payroll data from records reported on a voluntary basis to […]
10 Bad Habits for Your Compensation Strategy Ten bad compensation habits to avoid: The "peanut butter" approach. Avoid always spreading money evenly across employees. "Keeping your top employees and rewarding and nurturing them and engaging them is the opposite of the peanut butter approach. With low merit budgets, this becomes harder, but we can differentiate […]
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 […]
Please participate in our brief survey, and see how what you are doing stacks up against what other successful companies are doing. We’ll get answers to these questions and more: What policies do you have? Which ones will you update? Who develops your HR policies? How involved is HR? What sources do you use? How […]
Cost-of-Living Index Each month, the BLS collects data on prices of a “market basket” of food, clothing, shelter, fuel, prescriptions, transportation fares, medical fees, and other goods and services that people buy for day-to-day living. The BLS measures changes in these costs and reports them in the form of the CPI. The CPI, as defined […]
Kleiman, from Humetrics, Inc., offered his tips on hiring the best at BLR’s Strategic HR Summit, held recently in Scottsdale, Arizona. Turkeys and Eagles When a great hire turns out to be a bad hire, a turkey, what do we do? We try to train the turkey. That works about 13 percent of the time, […]
“How the hell can you communicate if you refuse to talk to people?” Consultant Andrew Botwin quoted auto industry icon Lee Iacocca and illustrated with a picture of Lee and Snoop Dog hanging out. Botwin, founder of SPC Consulting, offered the following tips for “communicating up” at BLR’s 2013 Strategic HR Summit held recently in […]
In yesterday’s Advisor, consultant Leigh Branham briefed us on engagement. Today, what it is and how to sell it, plus an introduction to the all-HR-in-one-place website, HR.BLR.com®. What Is Employee Engagement? “A heightened emotional and intellectual connection that an employee has for his/her job, organization, manager, or coworkers that, in turn, influences him/her to apply […]