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.
Please participate in our brief survey and see how what you are doing stacks up against what other successful companies are doing. We’ll get answers to these questions and more: Which days will be paid holidays in 2013? In 2014? How will you handle Thanksgiving, Christmas, and New Year’s holidays this year? Do you pay […]
Pay-for-performance programs are being implemented with increasing regularity by organizations today. The ability to see that direct correlation between an employee’s contributions and how much they are paid is appealing to employers and employees alike. However, it doesn’t come without risks. Here are 4 of the biggest risks employers face when implementing a new pay-for-performance […]
Busch, whose remarks came at a recent BLR-sponsored webinar, is owner of HR Compensation Consultants, LLC. Here are her suggestions about team and individual incentives. What Are Team-Driven Incentives? Team-driven incentive are intended to foster a collaborative environment in which team members are focused on helping one another. They are: Based on a team’s performance. […]
In yesterday’s Advisor, consultant Terry Pasteris offered guidance on compensation metrics; today, dangers of Green Circles plus an introduction to the compensation guide that puts federal and state regulations at your fingertips. Red Circle employees indicate you are spending too much on compensation relative to the value of the jobs, says consultant Terry Pasteris, CCP, […]
On Sept. 18, three federal agencies — Health and Human Services, Labor and Treasury — petitioned the U.S. Supreme Court to overturn 10th Circuit’s decision in Hobby Lobby v. Sebelius, No. 12-6294 (10th Cir., June 27, 2013), after that court ruled in favor of the owner’s right to project his RFRA rights not to comply […]
How can you know if your comp program is meeting organization goals? You have to maintain metrics, says consultant Terry Pasteris, CCP, GRP. But there are metrics, and then there are metrics. Why Are Compensation Metrics Important? Pasteris, who is president of TLMP Consulting Group, offered her tips at a recent BLR®-sponsored webinar. She says […]
Variable pay is a powerful communicator of values and directions and changing business needs. However, with nonexempt employees, it is particularly important that: The amount of the incentive be market competitive and significant enough to reward in a meaningful way. The amount of incentive (aka pay at risk) is not so large that missing the […]
So-called stock drop cases, in which defined contribution plan participants sue employer plan sponsors for breach of fiduciary duty when the market value of company stock or other equity options in 401(k) investment menus declines severely, have become common. But for defined benefit sponsors, this threat is less onerous. A ruling the U.S. District Court […]
Medications for Treating Bipolar Disorder It is often challenging to find the right combination of medications and the right dosages, says expert Tom Wootton. Typical medications include: Mood stabilizers Antipsychotics Combination of both Wootton, CEO of Bipolar Advantage, whose remarks came in a recent BLR-sponsored webinar, was joined by Maureen Duffy, PhD, a practicing family […]
We have no accurate statistics regarding the prevalence of bipolar disorders in the workplace, especially because it is often hidden due to stigma, says Wootton. However, we do see a prevalence in creative departments, sales, legal, and management. Frustratingly, he adds, it’s often a tough call whether the employee with bipolar is an asset or […]