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.
Retirement plans’ sponsors and other fiduciaries associated with them got some reassuring news in early July when the U.S. Department of Labor stated in an advisory opinion that certain “revenue-sharing” fee payments by plan sponsors to their recordkeepers and other third-party administrators do not constitute plan assets for ERISA purposes. This means that service providers […]
Do you use compa-ratios to check to see if your employee pay is meeting your organization’s compensation goals? What is a Compa-Ratio? For those of us just getting started with compensation metrics, the term “compa-ratio” may sound foreign. What is it? What does it do? “It’s basically taking a salary and dividing it by the […]
"In Canada, the government provides minimum protection to Canadians that find themselves in certain circumstances, such as when they're ill, unemployed, on maternity leave or parental leave, or even retired. However . . . government plans are often insufficient and therefore they will be supplemented by private plans that are offered by employers." Emilie Paquin-Holmested […]
Read what your CFO reads, Ahlrichs says, and send article clippings to the CFO to make your case over time. For example, says Ahlrichs, check out: CFO Magazine CFO.com The Economist Ahlrichs, a consultant with Gregory & Appel in Indianapolis, offered his take on CFOs at SHRM’s Annual Convention and Exposition held recently in Chicago. […]
“What are compensation metrics? Basically, when we talk about a metric, we’re talking about a measurement. We’re talking about a statistic or a measurement that is intended to assess value and effectiveness.” Terry Pasteris explained in a recent BLR webinar. “So, depending on what aspect of value or effectiveness or what aspect of our program […]
How Can You Use Incentive Pay for Nonexempt Employees? “Pay for performance can apply to all levels of jobs within an organization. Recent studies have shown that organizations are beginning to use more variable compensation (or incentives) as it relates to the proportion of base pay, and they’re marketing that to employees—not only when they’re […]
HR tends to avoid CFOs and knows little about them, says consultant Karl J. Ahlrichs, SPHR. CFOs are often reclusive and cautious, but you are not going to be successful if you can’t sell ideas to the CFO. Why is the relationship with the CFO so important? CFOs often have the final approval of HR/compensation […]
While leave under the Family and Medical Leave Act can be troublesome for any employer, it is particularly disruptive for manufacturers, call centers and health care organizations whose operations depend on fixed schedules, according to a recent ComPsych Corporation white paper. FMLA absences are on the rise, says FMLA Source, a ComPsych company, and some […]
Pay Deductions: What Can and Can’t be Deducted? Q. Is it possible to deduct expenses from an employee for drug screens and physicals if they leave within the 90-day probationary period? A.That is something that is a function of state law, generally. Most state laws say that if an employer is going to require a […]
Stop-loss insurers for self-funded health plans are among the entities excluded from assisting consumers and small businesses in researching health insurance exchange options under health care reform. Those insurers, as well as individuals and other entities with too close a financial relationship to such insurers, cannot be “Navigators,” according to final rules issued July 17 from the […]