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.
Just for example, says Dingee, do an advanced search on LinkedIn, say, for an HR manager near ZIP 06475 in banking. Here’s the search: Dingee’s tips came at the Advanced Employment Issues Symposium in Las Vegas. (Info on this years’ symposium here. ) Here are some of the results: Dingee recommends paying for enhanced service […]
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 do your performance appraisals measure? Which employee groups receive what types of appraisals? Do you use performance management software? If so, what software really […]
You need something more than platitudes to get and retain the people you want, says Csizmar, who is founder and principal of CMC Compensation Group. What Are We Talking About? When we talk strategy, we’re talking about “a plan, method, or series of maneuvers for obtaining a specific goal or result.” It’s a guideline or […]
If it seemed to you that investment and funding decisions for your defined benefit plan in 2012 were at odds with each other, you weren’t alone. In its annual report on DB plans, global employee benefits consultant Towers Watson says that in 2012, once again there were many investment contradictions for U.S. DB plan sponsors: […]
Education is often the best antidote to negative news about 401(k) plans. With this in mind, several retirement industry spokesmen have provided statistics to defend retirement plan management practices after the recent airing of a TV documentary that may have concerned some 401(k) participants. The U.S. retirement investment community was quick to react to the […]
Determining whether group health coverage provides “minimum value” is key to avoiding penalties under health reform’s premium tax credit program, so employers will likely welcome new proposed rules that further explain MV criteria. The proposal, to be published May 3 by IRS, would complement language in final rules issued in February on how reform’s MV […]
Most experts believe that engagement is not all about money. There are actions you can take that could be effective at retention of high potential and/or key player employees. For example: Talk to the employees and let them know that you value their services and that you have high hopes for their futures at your […]
Yesterday’s Advisor offered success factors for pay for performance. Today, consultant Diana D. Neelman, CCP shows why pay for performance can fail, and we introduce you to a unique 10-minutes-at-a time training system for supervisors. Making Sense of Goals and Objectives Neelman offers the following suggestions for making goals and objectives truly helpful: Make performance […]
If your organization is like most, workers have been patient about compensation for several years of low or no raises. They understood that their organizations were squeezed by economic pressures, and they were also held back by general insecurity about changing jobs in tricky times. But patience is wearing thin, and indications are that as […]
Start with mission and values, and take the time to develop a compensation philosophy, says consultant Mary A. Rizzuti, CCP, PHR. Then you can set an effective pay for performance program. Yes, it’s worth the time and focus on your compensation philosophy, because it is the basis for everything you do in compensation. You need […]