Month: May 2014

How to Set Profit-Sharing Based on Goals, Not $

In yesterday’s Advisor we discussed straight and hurdle-rate profit-sharing; today, goal-driven profit-sharing plans. [Go here for 1. Straight and 2. Hurdle-Rate Profit Sharing] 3. Goal-Driven Profit-Sharing Plans In a goal-driven profit-sharing plan, profits are used to establish an incentive opportunity, but employees also must earn that opportunity, based on achieving other goals. These other goals […]

Hawaii minimum wage to increase to $10.10

by Paul Saito The Hawaii Legislature has passed a bill that will increase the minimum wage from $7.25 to $10.10, with hikes every year from 2015 to 2018. Senate Bill (SB) 2609 also will increase the state’s tip credit from 25 cents to 75 cents over the next two years. The bill will be sent […]

Competing Compensation Goals? Matrix Them

Yesterday, consultant David Cichelli talked about hurdles, modifiers, and multipliers for sales compensation. Today, his take on using matrices, plus an introduction to a new compensation webinar you won’t want to miss.

Are You Training Your People to Avoid Age Discrimination?

Age discrimination in the workplace can be subtle. Yes, we’re all aghast when we read about direct evidence of discrimination, like the manager who allegedly said he fired an employee because she was “old and ugly.” But most age discrimination claims are based on circumstantial rather than direct evidence. Take for example the age discrimination […]