Practical HR Tips, News & Advice. Updated Daily.
Companies considering a move to a consumer-driven healthcare (CDHC) model to cut costs and keep their health plan budgets under control need to focus on employee needs. If not properly communicated, moving employees to a CDHC model can be perceived as no more than a massive cost-shift, and will damage morale and productivity. But, if […]
Compensation laws are changing, and the changes will likely mean you’ll do things differently. The Ledbetter decision, covered here in recent issues, may have you scrambling to document pay decisions better and keep the records longer (or indefinitely). What you may not know is that these decisions could have an impact on your overall human […]
by Richard Berger, Cammack LaRhette Consulting It seems as if everybody is freezing their pension plans. If your defined benefit (DB) plan is desirable, how can you make it manageable for the long haul and avoid a freeze? What Has Driven Employers to Freeze? Employers have been freezing their pension plans for two main reasons, […]
by Richard Berger, Cammack LaRhette Consulting It seems as if everybody is freezing their pension plans. If your defined benefit (DB) plan is desirable, how can you make it manageable for the long haul and avoid a freeze? What Has Driven Employers to Freeze? Employers have been freezing their pension plans for two main reasons, […]
You’re asked by your company’s board of directors to reexamine your executive compensation. How, they want to know, does the company’s executive pay stack up when compared against other organizations? The first thing to do is to decide which companies should make up your peer group. Should you compare to the companies against whom you […]
You know the drill: spend some extra time and effort to bring down costs for the tiny percentage of participants who spend most of the health claims dollars, and you’ll reduce your insurance expenses. The problem, says Michael McKenna, president of Partners Benefit Group (www.partnersbenefitgroup.com), is that small or mid-sized fully-insured companies may not be […]
In recent years a growing number of companies have invested a lot of time and effort creating a performance-based compensation system. If yours falls into that category, then sales personnel and managers likely feel a strong link between the company’s overall perfor-mance, their departmental performance, their own individual performance, and their paychecks. Good job! But […]
The notices seem to come in waves. Yes, they’re designed to protect participants in your employee benefit plans, and you likely appreciate that worthy aspiration. But with each subsequent notice, you may feel a slight tightening in the benefits budget. Each additional analysis, restriction, or requirement seems to cost more money. And times being what […]
According to the latest Trends in Employee Recognition report released by WorldatWork, 75% of the 600+ professionals surveyed believe that their recognition programs are successful, but only 45% have a written strategy for their recognition programs. Only 14% say that their organizations trains managers on recognition practices. This, says Strategic Consultant and blogger Derek Irvine, […]
For Root Learning, 2008 was one of its best years on record. The Sylvania, Ohio-based company was able to pay off its debt and award debt-retirement bonuses to its approximately 100 employees. However, the celebration was short-lived. With the downturn in the economy, sales dropped 30 percent during the first quarter of 2009, leaving company […]