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.
Employers — particularly those that sponsor self-funded plans — have important health care reform mandates to comply with in January 2014, many of which are unaffected by the Obama administration’s stay in enforcement of the pay-or-play rules. There is still time for employers to get their health care reform fixes right. The job is more […]
Morning says her grid takes into account three factors (market and business performance, individual performance, and position in range), plus there’s a lump sum option. Pay increases are based on three main factors, says Morning, president of Teri Morning Enterprises in Carmel, Indiana, who made her suggestions during a recent webinar sponsored by BLR®. In […]
The current global economic environment means executives are thinking about reward program management in new ways, says consultant Tom McMullen. The good news is that Hay Group studies show human capital concerns rank number one. What’s the Deal with the ‘Regular Rate’? FThe bad news is that many organizations still find it hard to maintain […]
Increasingly, employers are less averse to withholding merit increases for poor performers so they can afford to grant meaningful increases to better performers, says Morning, who is president of Teri Morning Enterprises in Carmel, Indiana. Morning made her suggestions during a recent webinar sponsored by BLR®. What is Variable Performance Pay? Variable performance pay aligns […]
Final mental health parity rules issued Nov. 8 make several changes to the prior, interim version. The exemption for “clinically appropriate standards of care” was eliminated because regulators decided it was confusing and subject to abuse, and the rules’ application to “intermediate” coverage levels was clarified in response to uncertainty about how the interim rules’ […]
Thanks to all 3,804 participants! Here are the detailed survey results. How does your organization measure up? 2013 Holiday Season Thanksgiving When asked which days will be paid holidays for their employees at Thanksgiving in 2013, 95.5% of survey participants indicated that Thanksgiving Day will be a paid holiday. Additionally, 65.1% will provide […]
November is the perfect time for basic nutrition wellness training because it’s also American Diabetes Month. According to the American Diabetes Association, more than 25 million Americans have diabetes, and more than 75 million have prediabetes and are at risk for developing type 2 diabetes. Type 2 diabetes is highly preventable, however, with a nutritious […]
In yesterday’s Advisor, we presented examples for calculating the “regular rate” pay. Today, overtime with shift differentials and multiple rates of pay, plus an introduction to the guide especially for small or even one-person, HR departments. Example #3—Shift Differentials [Go here for examples 1 and 2] Employers must include shift differential pay when determining an […]
The quantity and quality of the food your employees eat everyday directly affects their health, energy level, productivity on the job, and general well-being. Your workers need to eat the right foods, in the right amounts, at the right time to stay healthy, feel good, and work hard. Providing them with the information they need […]
New concerns about data security on the health care reform exchanges are being raised by Republican lawmakers, who cite an internal agency memorandum that warned of inadequate testing on the eve of the exchanges’ Oct. 1 rollout. The security control assessment required by the Federal Information Security Management Act “was only partially completed” because the […]