Tag: Compensation

There Is No Such Thing As Lawsuit Avoidance in 2012’

Segal, a partner with Duane Morris law firm in Philadelphia, shared his expertise at SHRM’s Employment Law and Legislative Conference, held recently in Washington, DC. [Go here for tips 1 through 13] 14. Focus on Risk Selection, Not Risk Avoidance In 2012, there’s no avoiding risk, says Segal. For example, say there’s a hiring decision […]

Comp/HR Managers: Stop Asking for a ‘Seat at the Table’

Segal, a partner with Duane Morris law firm in Philadelphia, offered his tips for dealing with the C-suite at SHRM’s Employment Law and Legislative Conference, held recently in Washington, DC. 1. Stop Asking To Be At Table Asking only reinforces the perception of your subordinate role, Segal says. Instead, demonstrate why you should be at […]

Responding to Employees’ Online Comp Data

Experts Terry Pasteris and Mark Lipis have an answer, but first, the rest of their focal points for 2012 from yesterday’s Advisor. (Pasteris is president of TLMP Consulting Group and Lipis is owner of Lipis Consulting Inc.) 2012 Focal Points for Private Companies Here’s what Lipis and Pasteris suggest you consider for 2012: IRS’s continued […]

Comp 2012: Smart Tactics for Uncertain Times

Pasteris is president of TLMP Consulting Group and Lipis is owner of Lipis Consulting Inc. Focal points: All Companies Since for most companies there’s not a lot of money to go around, the question is, how do you get the best bang for the buck? Here’s what WorldatWork’s 2012 survey projects: Actual 2010 Actual 2011 […]

401(k) Disclosures: How to Answer Employee Questions

Preparing Staff to Handle Questions/Concerns Preparing staff to handle participant questions and concerns is of paramount importance because ineffective answers can lead to mistrust, morale issues, and compliance scrutiny. It may even lead to legal challenges under ERISA. To avoid these problems, prepare supervisors and staff. Invite your investment advisor or a representative of the […]

Backburner Job Descriptions? Don’t Even Think About It

The California Employment Law Letter (CELL). is written by Mark I. Schickman, and Cathleen S. Yonahara, both attorneys at the law firm of Freeland Cooper & Foreman LLP in San Francisco. Defining Essential Job Functions Most employers use some form of job description, but many are cumbersome documents that have little practical value because they’re […]

5 Critical Components Every Job Description Must Contain

The California Employment Law Letter (CELL) is written by Mark I. Schickman, and Cathleen S. Yonahara, both attorneys at the law firm of Freeland Cooper & Foreman LLP. In San Francisco. A job description need not account for every task that might ever be done, says the CELL. Here are the most critical components of […]

401(k) Fiduciary? There’s Personal Liability If You Get It Wrong

The changes, which take effect July 1, 2012, are big. As a plan sponsor, you will receive new information about fees paid by the plan. You will also need to give participants some new information. For guidance, we turned to a recent BLR publication, the 401(k) Fee Disclosure Compliance Download Report. Your Role As Fiduciary […]

Taxmageddon on the Horizon?

What’s Taxmageddon? Taxmageddon comes at the end of 2012, when the payroll tax and unemployment benefits extension ends and at the same time we’re likely to need another debt limit increase. If no action is taken, there will be dramatic cuts in spending that are built into the federal budget process, Aitken says. Aitken offered […]

Ten Years Ago They Told Me, ‘Figure Out Compensation’

But surveys are only part of the compensation puzzle. I also needed practical tools to manage the compensation program. I juggled spreadsheets and text documents to cobble together a system for keeping up with compensation but it was always a struggle. If you’re in the same boat I was—and I suspect that’s the case or […]