Tag: Compensation

Is Sloth the Worst Compensation Sin?

[Go here for sins 1 to 4 and a bonus sin] Sin 5. Envy Envy makes managers do things that aren’t appropriate for the company. For example: Empire building. Trying to add more positions that aren’t important for the company to achieve its goals. Copycatting. The other department head has a French-speaking assistant; I want […]

7 Deadly Sins Your Managers Are Committing—Right Now

Sin 1. Lust Sexual harassment continues to be a problem in the workplace. And it’s often worse when it’s a manager and a subordinate. Perhaps the most difficult challenge in training managers and supervisors about harassment is getting across the idea that what matters is the attitude of the receiver of the harassment, not the […]

Retirement Benefits 2013—What’s Really Happening?

Please participate in our brief survey and see how your retirement benefits stack up against those of other successful companies. We’ll get answers to these questions and more: What is the status of your employer match? (Stopped? Less? Same?) What percent of employees participate? What percent do you match? Can employees “cash out” vacation to […]

Rx for Healthcare Costs? ‘PBM, here’s what we’re willing to pay …’

In yesterday’s Advisor, benefits consultant Scott Haas, CLU, RHU, offered his tips on negotiating reduced pharmacy costs; today, how to manage generic drugs, plus how do download a free white paper that will help you strategize for the coming “workforce meltdown.” Haas, who is vice president of Wells Fargo Pharmacy Consulting, spoke to BLR about […]

Comp Stagnated for 2 Years? Time to Reboot

Here’s what’s on comp managers’ minds, says Neelman: Evaluating market competitiveness, especially if pay has been stagnant at your organization Keeping on track with your strategic plan, typically refocusing on growth Increasing attention on incentive pay and pay to performance Using compensation dollars more effectively Differentiating pay based on performance, even if differentiation is modest […]

Want Benefit Savings? Take a Close Look at Your PBM

Looking for healthcare savings? (Who isn’t?) Start with a look at your prescription drug costs, says Scott Haas, CLU, RHU, vice president of Wells Fargo Pharmacy Consulting. Haas and his colleagues sought a way to get drug costs down for clients. They peered beneath the surface and didn’t like what they found, Haas said in […]

Karma in the C-Suite: What Goes Around …

Oswald, CEO of BLR, offered his thoughts on karma and leadership in a recent edition of The Oswald Letter. Here’s what he said: “Have the courage to say no. Have the courage to face the truth. Do the right thing because it is right. These are the magic keys to living your life with integrity.” […]

℞ for Your PBM: ‘Here’s what we’re willing to pay …’

Haas, who is vice president of Wells Fargo Pharmacy Consulting, spoke to BLR about the problem of generic drug pricing. To attack the problem, Haas and his team at Wells Fargo created a unique procurement strategy. “About 4 years ago, we listed every generic drug—and there are about 2,750 of them—by their specific identifying codes. […]

Flex Report: Innovations, Impacts, and Challenges

Who Has Access to Flex Options? In the financial services companies questioned, professional-level and non-exempt staff usually have access to the same array of both regular flexible work arrangements (including flextime, telework, compressed workweeks, and part time) and occasional flexibility (shifting work hours on a daily basis or just occasionally, occasional work at home, and […]

Benefit Savings Available—Hold PBMs to a Higher Standard

Haas and his colleagues sought a way to get drug costs down for clients. They peered beneath the surface and didn’t like what they found. From Purely Transactional to Cost Management Pharmacy Benefits Management programs (PBMs) started out in a purely administrative role, Haas says, helping to process retail pharmacy transactions and manage prices of […]