Practical HR Tips, News & Advice. Updated Daily.
Incentives for non-exempts? It can be very successful, say consultants Brandon Cherry and Brooke Green, but you have to be careful structuring and managing the plan, and wage/hour regulations make it trickier. Cherry and Green, both of whom are principals at HR consultant Hay Group, offer the table below to show how incentives fit into […]
Here are the last two of Cherry and Green’s Six types of incentive. [Go here for the first four types.] Cherry and Green are both principals at HR consultant Hay Group. They offered their tips at a recent webinar hosted by BLR and HR Hero. Plan Type Overview Advantages Disadvantages Recognition Cash or non-cash reward […]
Oswald, CEO of BLR, offered his thoughts on consistency in a recent edition of The Oswald Letter. Webster’s defines consistency this way: “steadfast adherence to the same principles, course, form, etc.” Consistent leaders have a steadfast adherence to the same principles each and every day. It doesn’t matter the situation in which they finds themselves, […]
Cherry and Green, both of whom are principals at HR consultant Hay Group, offer the table below to show how incentives fit into the total rewards picture. They offered their remarks at a recent webinar hosted by BLR/HR Hero. Compensation type Comment Value of being a member of the organization Benefits/ Perquisites Little flexibility, […]
Sign-on bonuses often do make the difference between acceptance and rejection of an offer, says consultant Chuck Csizmar, CCP, but there are a few caveats. Csizmar, who is founder and principal of CMC Compensation Group, offered his tips at a recent BLR-sponsored webinar. Some Csizmar’s negatives to using bonuses: Using them may establish an unwanted […]
Rather than basing promotions and their associated salary increases on acquired knowledge and certifications, says Epps, who is managing partner of EP2S Compensation Solutions, LLC, base them on competencies. A competency-based job evaluation system is a method of structuring and evaluating broadly defined jobs based on a demonstrated level of job complexity and job accountability, […]
Special from Atlanta—SHRM Annual Conference and Exhibition In yesterday’s Advisor, Payscale, Inc.’s Stacey Carroll, M.B.A., CCP, SPHR. offered key charts for evaluating compensation levels. Today, one more chart and Carroll’s cost-saving suggestions, plus an introduction to the checklist-based audit system that helps you find problems before the feds do. Here’s a chart that will help […]
For today’s topic of likely labor law and NLRB actions after the election we turned to Patricia M. Trainor, J.D., SPHR, BLR’s Senior Managing Editor for HR. Here’s her take: Until recently most nonunionized employers knew little about National Labor Relations Board (NLRB or the Board) activities. This was simply because that federal agency had […]
Can I offer a bonus? Should I offer a bonus? How big should it be? Confusion often reigns, says Csizmar, who is founder and principal of CMC Compensation Group. Sign-On Bonuses Are Like Wallpaper Csizmar says the sign-on bonus is wallpaper used to cover cracks in the employment offer. It says, We know our offer […]
Special from Atlanta—SHRM Annual Conference and Exhibition Regular audits of compensation practices are critical, says Payscale, Inc.’s Stacey Carroll, M.B.A., CCP, SPHR. You may find ways to save the company vast amounts of money, and the data you need to do it are already on hand. Check compa-ratios, check external equity, see who’s over the […]