Tag: Compensation

What Does it Take to Be Successful? Ask an Expert

Oswald, CEO of BLR, offered his thoughts on business success in a recent edition of The Oswald Letter. If you want to learn how to throw a great curve ball, Oswald continues, ask someone who throws a wicked curve ball. If you want to know how to bake the perfect chocolate cake, talk to the […]

Hurricanes, Tornados, and Wildfires: Who Gets Paid When You Close?

If a company opens two hours late because of a snowstorm, should an employer pay employees who show up earlier because they didn’t hear the announcement? What time does the workday end when employees are given the option to go home because an incident such as a gas leak forces evacuation of the building? What […]

Goal Setting with the "SMART" System

In yesterday’s Advisor, consultant Paul R. Dorf, Ph.D., APD, said that there’s no pay-for-performance with out measurable goals. Today, his tips for developing meaningful goals, plus an introduction to the just-revised “Wage and Hour Bible.” Dorf, who is managing director of Compensation Resources, Inc. in Upper Saddle River, NJ., recommends following the SMART approach in […]

Don’t Be An %#*hole!

Oswald, CEO of BLR, offered his thoughts on the worst in management in a recent edition of The Oswald Letter. The book was a New York Times bestseller, Oswald continues, so plenty of people have read it. I’d say it has some good lessons for everyone. But, what amazed me were some of the stories […]

To Pay for Performance You Must Measure Performance

The basic rule of pay-for-performance? You can’t pay for performance unless you can measure performance performance on a consistent, credible basis, says consultant Paul R. Dorf, Ph.D., APD. Workplace compensation is essentially a supply and demand system, says Dorf, who is managing director of Compensation Resources, Inc. in Upper Saddle River, NJ. Supply has been […]

Never Put These in a Job Description

Essential job elements … exposure to physical hazards … pay grade … the list of what should be in a job description is long. But what should you keep OUT of job descriptions? Here’s a checklist taken from BLR’s popular Job Descriptions Encyclopedia. How many of these “no-no’s” will you find in your job descriptions? […]

The Five Grand Myths of Essential Functions

It’s time to review those job descriptions again! And as always, the focus is on the essential functions decision. We’ve collected five myths of essential functions to help you with this updating task. So before you start, take a look at our five myths—and then, dive in. The Five Myths of Essential Functions We’ve identified […]

Goal Setting with the “SMART” Model

Dorf, who is managing director of Compensation Resources, Inc. in Upper Saddle River, NJ., recommends following the SMART approach in developing goals: Specificity Measurement Attainability Results-oriented Timing Remember, says Dorf, sometimes the pay-for-performance goal is a milestone, not the full completion of a project. For example, he says, he worked with a client that was […]

Nonexempt vs. Exempt Classification: Are Salaried Employees Automatically Exempt?

When considering whether your workers are nonexempt vs. exempt, it’s tempting to classify all salaried employees as exempt employees by default. However, doing so would be a mistake because, while having a salary basis is an essential component of some of the most commonly-applied exemption categories, this is not the sole determining factor. In a […]

Can’t Pay for Performance if Can’t Measure Performance

Workplace compensation is essentially a supply and demand system, says Dorf, who is managing director of Compensation Resources, Inc. in Upper Saddle River, NJ. Supply has been strong, and that means small or no raises, but that is starting to change. A bunch of studies say maybe 60 percent or more of employees would look […]