Practical HR Tips, News & Advice. Updated Daily.
Yesterday, John Rubino of Rubino Consulting Services explained some of the background on profit-sharing plans, the 3 steps to establishing a deferred plan, and 4 of the steps involved in executing it. Today, we present the remaining 5 execution steps.
A profit sharing plan is a type of defined contribution plan that is sometimes used as a supplement to a primary retirement program. Today, John Rubino of Rubino Consulting Services explains the key elements of an effective profit-sharing plan.
Yesterday, expert consultant John Rubino described total reward statements and what should be included in them to maximize their effectiveness; today, his thoughts on how to communicate these statements to employees.
In yesterday’s Advisor, consultant John Rubino described total reward statements and what employers should include in them to maximize their effectiveness; today, Rubino’s thoughts on how to communicate these statements to employees.
If you want to retain employees, they need to feel valued. Employers can show workers just how much they’re being compensated for their efforts—beyond just their base pay—through total reward statements. Consultant John Rubino has some tips for crafting and communicating these overarching compensation reports.
In yesterday’s Advisor, we discussed why merit programs don’t work according to consultant John Rubino. Today, his take on variable and step-based pay systems. John A. Rubino, who is the founder and president of Rubino Consulting Services in Pound Ridge, New York, offered his tips at a recent BLR®-sponsored webinar. Rubino’s Variable Pay Program […]
When asked if merit-based systems are the most effective way of structuring pay, consultant John Rubino says, “No. I have never met a merit increase base salary program that I liked, and that was effective and motivational.”