Tag: data

℞ for Your PBM: ‘Here’s what we’re willing to pay …’

Haas, who is vice president of Wells Fargo Pharmacy Consulting, spoke to BLR about the problem of generic drug pricing. To attack the problem, Haas and his team at Wells Fargo created a unique procurement strategy. “About 4 years ago, we listed every generic drug—and there are about 2,750 of them—by their specific identifying codes. […]

Flex Report: Innovations, Impacts, and Challenges

Who Has Access to Flex Options? In the financial services companies questioned, professional-level and non-exempt staff usually have access to the same array of both regular flexible work arrangements (including flextime, telework, compressed workweeks, and part time) and occasional flexibility (shifting work hours on a daily basis or just occasionally, occasional work at home, and […]

Benefit Savings Available—Hold PBMs to a Higher Standard

Haas and his colleagues sought a way to get drug costs down for clients. They peered beneath the surface and didn’t like what they found. From Purely Transactional to Cost Management Pharmacy Benefits Management programs (PBMs) started out in a purely administrative role, Haas says, helping to process retail pharmacy transactions and manage prices of […]

Market Pricing—Comp Key in 2013

Daniels, Senior Consultant at Keating Advisors, LLC, offered her suggestions at a recent webinar sponsored by BLR and HR Hero. Getting Market Pricing Right Market Pricing is the process of analyzing external salary survey data to establish the worth of jobs as represented by market data, based upon the “scope” of the organization (geography, industry, […]

Stay Market Competitive, Retain Top Talent in 2013

Daniels, Senior Consultant at Keating Advisors, LLC, offered her suggestions at a recent webinar sponsored by BLR and HR Hero. How to Conduct a Base Pay Structure Review Daniels says a well-designed and effective base pay system should be: Supported by an agreed-upon organizational compensation philosophy Supported by clear compensation administration policies Driven by up-to-date […]

Can Denying a Raise Be Retaliation under the ADA?

An example of a potential ADA violation would be an employee who is being treated for post-traumatic stress disorder (PTSD) resulting from incest who requests reasonable accommodation. Her supervisor then tells the employee’s co-workers about her medical condition. The employee tells the supervisor she intends to complain to HR about his unlawful disclosure of confidential […]

Same Pay, Same Title, Still Retaliation

In one case, an HR manager who reported to top management made a complaint. Soon thereafter he lost all his staff, was moved to another area, and found himself reporting to a middle manager. His new boss said to him, "I don’t know why they sent you to me. I don’t have anything for you […]

Complain About Me? No Raise for You!

Find the balance, Moldover says. When you get wind of a manager’s action that might be retaliatory—like denying a raise—put the situation in context and try to view it from the employee’s perspective. Context Matters With retaliation, context matters, Moldover says. Of course, no one’s going to be happy about losing a raise, but a […]

Know the Public’s Breaking Points on Exec Pay

Fichthorn, who is vice president in the Philadelphia office of Hay Group, offers the following chart to clarify what employers want and how it compares to what the public wants. Topic Area What Makes Business Sense? What Do Shareholders Want? Where’s Their Breaking Point? Pay Philoso-phy Pay positioning that maps to competitive positioning Pay positioning […]

The Truck Loaders’ Tale—Metrics and Management

We’ve shared Ahlrichs’ truck loader story before but it’s worth repeating as it clearly illustrates what can happen when different parts of the team are using different metrics. Ahlrich, who is owner of ExpertSpeaks, and a consultant and business developer for Gregory & Appel. offered his tips at a recent webinar sponsored by BLR and […]