Yesterday’s Leadership Daily Advisor explored how organizations are focusing on specific audits and design reviews to better pursue health plan accuracy and cost-effectiveness. Today we take a look at how compliance audits and performance guarantees may soon take center stage as well.
Many private sector employers value military skills and training. But service members and veterans are getting an even bigger edge in the recruitment process with training programs that facilitate their transition to careers as civilians.
By Sharon McKnight, CCP, SPHR, BLR Senior Editor I can remember when a candy bar cost a nickel. Now, it’s a challenge to find one under a dollar. The cost of placating my sweet tooth, however, didn’t just leap from five cents to nearly a hundred pennies all at once. It crept up in itty-bitty […]
The Consumer Price Index (CPI) measures how much average prices are moving by surveying households to find their average spend on specific goods and services during a given time period and then comparing that total cost to previous time periods.
Yesterday, we looked at tips from BLR’s Senior Compensation Editor Sharon McKnight, CCP, SPHR, on aging your salary data. Today, McKnight’s insights on figuring out your market position—are you leading, lagging, or lead-lagging?
Cost-of-Living Index Each month, the BLS collects data on prices of a “market basket” of food, clothing, shelter, fuel, prescriptions, transportation fares, medical fees, and other goods and services that people buy for day-to-day living. The BLS measures changes in these costs and reports them in the form of the CPI. The CPI, as defined […]
By Jason S. Ritchie The Montana Department of Labor and Industry has completed its annual review of the cost of living and has determined that the minimum wage in Montana will increase to $7.65 effective January 1, 2012. Montana workers earning the minimum wage will see an increase from $7.35 per hour to $7.65 per […]