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.
Botwin, founder of SPC Consulting, offered the following tips at BLR’s 2013 Strategic HR Summit held recently in Scottsdale, Arizona. What the C-Suite Thinks HR Does Says “No” Hires and fires Controls with rules and enforcement Generates costs and overhead Gets in the way What HR Really Does Looks out for the company Makes sure […]
Seals, a senior partner with Mercer Atlanta, offered her tips at WorldatWork’s annual convention and exhibition, held recently in Philadelphia. The New Model for Purchasing Technology Seals’ chart shows how tech purchasing has changed: The Old Model The New Model Licensed Business Models Subscribed On-premises Deployment Models In the cloud Customized single tenant Architectural […]
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: What is the average merit and general increase for 2013 (at each performance level) What increases are planned for 2014? What are the criteria used […]
Can big data solve your HR problems? The important thing to remember is that the basis of big data is statistics, and you have to be careful interpreting results. So-called confounding variables may muddy the waters. For example: History can intervene. The measurement may have been accurate, but things changed during the measuring period and […]
Oswald, CEO of BLR, offered these thoughts on Lincoln, leadership, and opportunity in a recent edition of The Oswald Letter: It’s Lincoln’s second item—opportunities will present themselves—that I believe is most overlooked by those supposedly seeking opportunity. Often we are looking so hard for a certain opportunity or for opportunity to look a specific way […]
Federal agencies just issued new final rules for contingency-based wellness program goals under health reform. If employers offer to give a reward (such as discounted health insurance premiums) to workers who accomplish some kind of biometric goal (a contingency standard), then employers must have a standing “reasonable alternative” to the contingency-based standard, government officials told […]
What myths are being exposed by big data? According to a recent article in The Economist, “number-crunching has uncovered some surprising correlations.” For example, Evolv, a company that works with big data, found that: Employees who, when filling out their online applications, used a browser that didn’t come standard on their computer (software they had […]
Matrices for Sales Comp Use a matrix when sales people have concurrent accountability for two competing measures, says Cichelli, who is senior vice president at the Alexander Group. His remarks came at the WorldatWork Total Rewards 3013 Conference and Exhibition held recently in Philadelphia. The payout matrix provides improved payout as performance on both measures […]
Cichelli, who is senior vice president of the Alexander Group, offered his tips at WorldatWork’s Total Rewards 2013 Conference and Exhibition, held recently in Philadelphia. Hurdle The hurdle is a prerequirement measure, says Cichelli; that is, the first measure must be accomplished before favorable treatment of a second measure can occur. The employer establishes minimal […]
Fast-moving events have advanced state-level proposals aimed at regulating stop-loss, which would make it more expensive for small employers to self-insure health benefits, and put power over self-funding in the hands of state insurance commissioners. Utah law now requires stop-loss insurers to cover incurred and unpaid claims if a small employer plan terminates — an unprecedented requirement. […]