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.
Yesterday’s Advisor covered consultant Joseph DiMisa’s take on comp design challenges for 2013. Today, how to sell comp by using concrete return-on-investment (ROI) measures, plus an introduction to the comprehensive comp website, Compensation.BLR.com®. DiMisa, who is senior vice president, Sales Force Effectiveness, at Sibson Consulting, outlined eight design challenges during a recent webinar sponsored by […]
Rob from the poor and give to the rich, says consultant Joseph DiMisa. That’s how to use limited compensation dollars to give real rewards to top performers. bigger rewards to your top performers, says DiMisa. Rewarding performance is the first of his incentive design challenges for 2013. DiMisa, who is senior vice president, Sales Force […]
A recent appeals court ruling may increase plan sponsors’ confidence about including and holding company stock in their retirement plans — especially those in the financial services industry. In White v. Marshall & Ilsley No. 11-2660, (7th Cir., April 19, 2013), the presumption-of-prudence defense again was upheld when retirement-plan participant plaintiffs appealed a 2011 district-court ruling, […]
The U.S. Equal Employment Opportunity Commission’s failure thus far to issue clear guidance on permissible wellness incentives threatens to undermine employers’ development of wellness programs at a time when their importance is growing, business groups warned the EEOC at a May 8 hearing. “We urge you to recognize the comprehensive regulatory framework that already exists” […]
Top compliance training topics for employees are new hire orientation (79%), sexual harassment (75%), and discrimination (69%). For professional development training for employees, job-related skills leads the list (73%), followed by communication (66%), customer service skills (59%), team building (49%), computer skills (46%), and time management (36%). The survey also covered: HR’s Role in Training […]
Regulatory guidance is closer to fruition that may help 401(k) and 403(b) plan sponsors better educate plan participants on lifetime income options, and may allay their concerns about the expense and legal risk of doing so. On May 8, the U.S. Department of Labor’s Employee Benefits Security Administration issued an advance notice of proposed rulemaking […]
Is your company considering reclassifying certain workers from now on, but hesitant because it is worried about triggering a federal employment tax audit or having not consistently filed Forms 1099 for those workers in the past? If you answered “yes,” then the IRS’ Temporary Expanded Voluntary Classification Settlement Program may interest you, but you must […]
Employers wanting to get an early start on providing a required notice to employees of coverage options under health insurance exchanges just got some help from the federal government. On May 8, the U.S. Department of Labor issued a model notice for employers may use now — but must use beginning Oct. 1, 2013. The […]
People you contact are going to want to know: How did you find me? How did you know that I can …? Maintain transparency, says Dingee. Explain how you found them. You’re not hacking, you’re searching the Internet for publicly available information. Dingee’s tips came at the Advanced Employment Issues Symposium in Las Vegas. (Info […]
[Go here for #1 to #3] #4: Competitive Reference Points Describe the comparator group(s) for your rewards package Determine industry/geographic competitors For signature programs, what are the benchmarks #5: Competitive Positioning Describe your desired position vs. the market. If your position is below market average, be prepared to explain why. Honesty is a positive message, […]