Practical HR Tips, News & Advice. Updated Daily.
Nearly half of U.S. firms say they are struggling to fill job openings in key positions and plan to increase wages more than 3% in the coming year, according to a new survey, the Duke University/CFO Global Business Outlook.
By Angelo D. Catalano, Coughlin & Gerhart, LLP Incentive or bonus-based compensation can create many thorny issues. While some year-end bonuses resemble gifts from the boss, especially if they’re paid around holiday time, other bonuses are intended to be incentives tied to performance by a group or an individual.
I have a company that does lighting designs for events that require employees to travel from their homes to various locations. Sometimes travel is required out of state. Typically the travel time is one to two hours. Sometimes employees meet at the warehouse and ride in the company van. Do we pay for the time […]
By Sharon McKnight, CCP, SPHR Recognition programs award employees for past behavior rather than drive future behavior and, as a general rule, have no predetermined goals or performance levels that employees are required to achieve. Also, they’re usually budgeted at the organizational level instead of being budgeted by individual departments and focus more on recognizing […]
Employment is now a part of the retirement experience in the United States, and many newly retired Baby Boomers who are in a position to continue working are doing so for reasons beyond money, says a recent study.
By Sharon McKnight, CCP, SPHR One of the primary elements of any compensation philosophy is the company’s stance on employee pay relative to the market. Essentially, there are three options: lead, lag, and lead-lag.
By Susan Schoenfeld, JD In 2014, in an effort to address the issue of pay transparency, President Obama signed Executive Order (EO) 13665, Non-Retaliation for Disclosure of Compensation Information, which prohibits federal contractors from discharging or discriminating in any way against employees or applicants who inquire about, discuss, or disclose their own compensation or the […]
According to research released by The Conference Board (a global, independent business membership and research association), the median total compensation of CEOs of U.S. public companies in the Russell 3000 index soared 11.9% in 2014 over the previous year and as much as 34.7% over 2010. Equity awards (excluding stock options) represent 34.7% of the […]
We spoke with Dan Walter, CEO of compensation consulting firm Performensation, who urges compensation pros to avoid the path of “Beowulf.”
By Sharon McKnight, CCP SPHR I firmly believe that every company should have a written compensation philosophy that guides the design of its pay structure. For example, whether it will pay employees below, even with, or above the market.