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.
‘We Get Dr. Winteroff’ Steve, we often get Dr. Summeroff’s cousin, Dr. Winteroff to deal with. We have a sales group who often take leave immediately following a month when they have not met their sales goal because they know they will be placed on a performance plan when they have fallen short of their […]
United Parcel Service plans to remove thousands of spouses from its health plan because they are eligible for coverage elsewhere. The health care reform law requires large employers to offer coverage to employees and their dependents, but it does not require companies to cover spouses. Some 15,000 working spouses eligible for coverage at their own […]
Assessment Tool for Career Motivation Harrington offers the chart below as a way of assessing career motivation: You’d like to get people to high skill, high motivation jobs. If they are highly motivated with low skill, go for professional development. Low skill and low motivation suggest ending the relationship. Low motivation and high skill is […]
The problem is compounded, Harrington says, because although Gen Xers do want to move up to the Boomers’ jobs, they don’t want the stress that goes with the jobs. They also want work/life balance, and that creates a conflict. Harrington, founder and president of Purposeful Hire Inc., offered her tips at BLR’s Strategic HR Summit, […]
Although defined benefit pension plan sponsors have engaged investment managers for years, it’s only recently that defined contribution plan sponsors have begun exploring this option to limit liability risk for their fiduciary role. “Because employers want to avoid litigation, which could result in personal liability for investment committee members, many plan sponsors are seeking ways […]
The Centers for Medicare and Medicaid Services responded to doubts over whether health insurance exchanges (now formally referred to as “marketplaces”) would verify incomes consumers applying for health-insurance subsidies, which come in the form of: (1) advances on tax credits for premiums; and (2) reduced cost-sharing. Marketplaces will always use data from tax filings and […]
The line got a huge laugh from the audience, but it was a rueful laugh—it seemed that every HR manager in the audience had an employee who was a patient of Dr. Summeroff. I thought it was a great lesson in real-world HR—not compliance, not policy, but dealing with Dr. Summeroff. Compensation.BLR.com, now thoroughly reved […]
Can you track exempt employees’ hours without jeopardizing their exempt status? Yes, but they won’t like it. While employers are not required to track the time of an exempt employee, there is no prohibition against doing so. In other words, merely requiring an exempt, salaried employee to clock in and out will not destroy the […]
Defined contribution plan participants who take out plan loans are more likely saving at a lower contribution rate than most, and are not likely to repay the loan when they leave their employer. This according to a new report based on research from New York Life Retirement Plan Services’ DC data. With those factors in […]
McCabe, who is professor of management at the McDonough School of Business, Georgetown University, offered his negotiating tips at the BLR® HR Strategic Summit, held recently in Scottsdale, Arizona. When NOT to Negotiate When you have not done your research or are ill-prepared When there is a locus-of-authority issue—that is, when the other party sitting […]