Category: Benefits and Compensation

This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.

Measuring a Healthy Return on Your Benefits Communication

Employees may be one of the largest expenses for a company, but talent is also a company’s greatest asset. And in today’s increasingly competitive marketplace, more and more companies are looking to benefits packages to maintain their competitive advantage to attract and retain top employees. Because of this, it is critical for human resources departments […]

Hospitality

4 Tips for Your Compensation Planning from the Banking Industry

It’s no secret that the recession of 2007/08 resulted in an array of new regulations, especially in the financial services arena. Banking, especially, became subject to new regulation intended to avoid the circumstances that originally led to the recession. The regulation doesn’t end with your mortgage loan or bank money market account. We spoke with Kathy Smith, President of Bank Compensation Consulting to find out how the industry’s highly regulated environment has led to creative compensation solutions—many of which can apply to any industry.

Workers’ Financial Woes

Living paycheck to paycheck to make ends meet is a way of life for a majority of U.S. workers. And minimum wage workers aren’t the only ones struggling financially.

retirement

Managing Retirement Plans for Overseas Employees Becomes Global Concern

Employers that operate globally must often set up offshore locations and find employees to staff them. It follows that employers who sponsor retirement savings plans for their eligible U.S. employees likely will want a similar benefit for their employees outside the country. Many are taking steps to find the best way to make that happen, […]

HR’s Top HIPAA Compliance Misconceptions Dispelled

HIPAA has become synonymous with medical records privacy, for good reason. Enacted more than 20 years ago, it gives individuals the power to decide who has access to their health records and has forced major changes in the way health care providers, health plans and businesses handle records.

commission

Are Contingencies in Commission Agreements Worth the Paper They’re Written On?

Late last year, the Massachusetts Appeals Court ruled that commissions are “due and payable” under the Massachusetts Wage Act at the time an employee resigns or is terminated, even if the employee might not be eligible to receive the payments under the terms of the company’s commission agreement or plan. (See, Commission Structure Doesn’t Justify […]