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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.
Your total rewards package affects your company’s ability to attract, motivate, and retain top talent. Is your program doing all that it could be? Consultant Jennifer Barton shows how to evaluate and improve your program. Barton, Chief Operating Officer, Willis North America Human Capital Practice, made her suggestions at the recent SHRM Annual Conference and […]
Keating encourages the boys to embrace their individualism, think independently, and pursue their passions. This leads them on a path of self-discovery that clashes with the rigid culture of the conservative institution they attend. Keating’s methods ultimately cost him his job, but they win him the respect and affection of his students. In watching the […]
By Glenn Laumeister You’re an HR leader and you want to improve your organizational performance, create happier and more engaged employees, reduce turnover, or just figure out how to get more done in your company without stressing everyone out.
Start by taking a talent inventory, says Barton, who is chief operating officer of Willis North America Human Capital Practice. She made her suggestions at the recent SHRM Annual Conference and Exposition in Orlando. You might start by populating a chart such as this, she says: Then think about what you can offer to each […]
An appeals court decision coming on the heels of a recent Supreme Court stripping the presumption of prudence for fiduciaries may raise the stakes even higher for plan sponsors. A panel of judges in the 4th U.S. Circuit Court of Appeals required that fiduciaries make a decision about company stock in their retirement plan based […]
The U.S. Department of Labor on Aug. 14 issued a new set of guidance for plan sponsors about tracking missing defined contribution retirement plan participants and distributing their assets. It takes into account vastly improved Internet search capabilities that have emerged in the decade since its last instructions about obligations to missing participants. Field Assistance […]
Barton, chief operating officer, Willis North America Human Capital Practice, made her suggestions at the recent SHRM Annual Conference and Exposition in Orlando. She offers the following chart to help you classify your various reward elements. Measuring the Effectiveness of Your Current Total Rewards Strategy Barton offers a 13-part review for your total rewards strategy. […]
In a decision that overlooked key COBRA guidance, a federal district court ruled that an employer/plan administrator fulfilled its notice obligation by verbally providing a notice of COBRA rights and accepting premium payments — which apparently the qualified beneficiary had to pay a few days after her employment termination. In dismissing a COBRA notice claim, […]
Fidelity Investments agreed to pay a class of its own employee 401(k) plan participants and beneficiaries $12 million to settle ERISA violation allegations of excessive fees and committing prohibited transactions with their retirement accounts. The settlement, filed July 3 with the U.S. District Court for the District of Massachusetts, ended two lawsuits brought by employees: […]
Dear Readers, The article’s authors—Amy Wrzesniewski, a professor of organizational behavior, and Barry Schwartz, a professor of psychology—had conducted a study about motivation. According to them, there are two types of motivation: internal and instrumental. Internal motivation, as you would guess, comes from within. People are motivated to do something based on the feeling of […]