Practical HR Tips, News & Advice. Updated Daily.
Has your organization considered all the legal ramifications surrounding its employment applications? Sure, you must have enough questions to gather what you need to assess the candidate, but they should be the RIGHT questions. What questions may present legal problems or employee privacy issues? We have some help for our readers, courtesy of business consultant […]
It’s easy to think of job descriptions as an HR compliance tool—which they are. But it’s also important to remember that they play an important role in your compensation planning as well.
Yesterday, we looked at the wage increases recently announced by behemoths Walmart and McDonald’s®. Today: How to prepare for compensation increases at your own organization.
The wage and benefit increases recently announced by McDonald’s® put the fast-food giant on the same path retail giant Walmart took back in February when it announced an increase in its starting wage.
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.
HR tends to avoid CFOs and knows little about them, says consultant Karl J. Ahlrichs, SPHR. CFOs are often reclusive and cautious, but you are not going to be successful if you can’t sell ideas to the CFO. Why is the relationship with the CFO so important? CFOs often have the final approval of HR/compensation […]
[Go here for killer phrases 1 to 6.] 7. AVOID: “… don’t you think?” Or, “… isn’t it?” Or “… okay?” To convey a confident commanding presence, eliminate validation questions. Make your statement or recommendation with certainty and avoid tacking on the unnecessary approval-seeking question. Don’t say, “This would be a good investment, don’t you […]
Yes, it’s worth the time and focus on your compensation philosophy, because it is the basis for everything you do in compensation. You need to get it to paper so execs, managers, and employees understand, says Rizzuti. Rizzuti, who is a principal and senior consultant with Compensation Resources, Inc, in Upper Saddle River, New Jersey, […]
Your wellness program may get much more important under the Affordable Care Act (ACA), says Morris, a member of the firm Epstein Becker Green in its Washington, D.C., office who specializes in benefits. There are already many benefits to wellness programs, but Morris is convinced they will become even more crucial as the ACA unfolds […]