Practical HR Tips, News & Advice. Updated Daily.
by Sophie E. Zdatny Equal pay for equal work may seem like a no-brainer, but the gender pay gap is still with us almost 50 years after the passage of the Equal Pay Act (EPA) in 1963. Nationally, women earn 77 cents for every dollar earned by men. The Vermont Attorney General’s Office (AG) and […]
DiMisa, who is Senior Vice President, Sales Force Effectiveness at Sibson Consulting, suggests that managers start with the basic compensation analytic, CCOS. His remarks came during a recent webinar sponsored by BLR and HR Hero. CCOS or Compensation Cost of Sales is typically calculated by taking all compensation paid to people involved in the sales […]
Sign-on bonuses often do make the difference between acceptance and rejection of an offer, says consultant Chuck Csizmar, CCP, but there are a few caveats. Csizmar, who is founder and principal of CMC Compensation Group, offered his tips at a recent BLR-sponsored webinar. Some Csizmar’s negatives to using bonuses: Using them may establish an unwanted […]
“Best Practices” means “what most experienced large multinationals have been doing”—that doesn’t mean those practices best for your organization. You have to decide that for yourself, says Fisher, principal at Chicago-based consultant Laurus Strategies. Fisher was joined by colleague Patrick Gallagher for his presentation at SHRM’s Annual Conference and Exhibition, held recently in Atlanta, Georgia. […]
Fichthorn , vice president in the Philadelphia office of Hay Group, was joined in his presentation at a recent BLR/HRhero webinar by Martin Somelofske, a senior principal in Hay Group’s Metro New York office. Fichthorn suggests that the following trends will characterize executive compensation in the upcoming year: Continued government interest and involvement, specifically through […]
Among employers awarding merit increases in 2012, the most commonly cited increases ranged from 2.5% to 3.0%. This corresponds closely with SHRM’s recently announced figure of 2.8%. Last year’s survey indicated an average “planned” merit increase for 2012 of 2.1%. Actual merit increases for 2012, however, were higher than anticipated for the first time in […]
For many employers, he says, perks and benefits—from healthcare to club membership to financial advising to concierge service— offer the greatest room for growth and the most flexibility for use as retention tools in 2012. The primary reason? They’re much more cost effective than straight-up pay raises, Wudyka says. Wudyka is the founder and managing […]
Segal, a partner in the Philadelphia office of Duane Morris LLP offered his tips at the SHRM Annual Conference and Exhibition, held recently in Atlanta. Harassment Remains a Problem Before 1986, sexual harassment was not recognized. Then came the 1986 Vinson case and the 1991-Hill-Thomas hearings. They raised public awareness on sexual harassment and there […]
Exempt Employees and Disasters Exempt employees are generally paid their normal amount if the workday is shortened. Docking, or reducing pay of exempt employees who are scheduled to work, but who do not because of an emergency, may affect the employees’ status of being exempt from overtime, because, by docking, you are treating them like […]
Strand, owner of consultancy HR Dynamics Inc., offered his seven steps to successful market pricing at a recent webinar hosted by BLR/HRhero. 1. Identify Positions to Market-Price Ideally you’d like market data on all your positions, says Strand; however, in reality, you will probably obtain data on a sample of your positions, perhaps 30 to […]