Practical HR Tips, News & Advice. Updated Daily.
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.
Across-the-board increases and the entitlement mentality are out, and the pay-for-performance mentality is in, says Consultant Teri Morning, MBA, MS, SPHR, SPHR-CA. Organizations are looking for less expensive, less permanent solutions, such as lump sum payments, bonuses, or just paying top performers, she adds. Increasingly, employers are less averse to withholding merit increases for poor […]
Employees are satisfied. Both internal and external equity are maintained. Control is maintained over compensation costs. For a review of basic compensation program principles, we turned to Compensation.BLR.com®. Properly structured and administered, your compensation program will: Help attract top talent. Retain core employees. Encourage longevity while efficiently using financial resources. Establishing an effective compensation administration […]
Most HR professionals look forward to conducting annual performance reviews about as much as a trip to the dentist, but as the economy improves, performance appraisals are going to be the key for talent retention, a positive work environment, and the overall growth and productivity of your organization. That said, there are also pitfalls to […]
Makris, senior counsel at Pillsbury Winthrop Shaw Pittman, and Rhoma Young of the HR consulting firm Rhoma Young & Associates offered tips for ensuring that performance appraisals are used legally and effectively. Their suggestions came in a recent BLR®/HR Hero® audio conference. From a legal perspective, performance appraisals are important because they can help defend […]
Employers struggling to decode the service provider fee disclosures from their retirement plans may be getting some relief. Nearly two years after the U.S. Department of Labor published a proposed rule requiring covered service providers to disclose the cost of what they do for employer-sponsored 401(k)s, the agency is requesting more help for plan sponsors […]
(Oswald, CEO of BLR®, offered his thoughts on Lombardi and leadership in a recent edition of The Oswald Letter.) As a young assistant coach, Madden attended a coaching clinic where Lombardi was the speaker. As Madden tells it, he was quite confident in his football knowledge. Showing up at the clinic, he sat in the […]
Sin #1. Failure to pay the minimum wage We’ll pay you $5 an hour until you learn the ropes; then you move up to $7 an hour. Virtually all employees are entitled to receive at least the minimum wage (the federal minimum wage is $7.25 per hour; many states have higher minimum wages) for all […]
Benowitz, who is the vice president of Growth and Development at The Employee Engagement Group, offered his expert tips on engagement surveys in a recent webcast offered by BLR. Six Reasons to Conduct an Employee Engagement Survey Demonstrate your concern about employee issues. Find out what’s stressing your workforce (gives you an opportunity to act). […]
Benowitz, who is the vice president of Growth and Development at The Employee Engagement Group, offered his expert tips on engagement surveys in a recent webcast offered by BLR. Engagement is about mutual commitment, says Benowitz. Companies help employees reach their potential and employees help their companies perform better. This combination results in engagement—“the capture […]
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