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.
Fichthorn, who is vice president in the Philadelphia office of Hay Group, offers the following chart to clarify what employers want and how it compares to what the public wants. Topic Area What Makes Business Sense? What Do Shareholders Want? Where’s Their Breaking Point? Pay Philoso-phy Pay positioning that maps to competitive positioning Pay positioning […]
To understand the importance of a total remuneration perspective, look at this table that reflects information about your CEO’s compensation, says Fichthorn, vice president in the Philadelphia office of Hay Group. CEO Compensation Comparison—Total Direct Compensation Marketplace Median President, XYZ Corp % of Median Base Salary $642,600 $949,000 148% Total Target Cash $1,099,100 $1,328,600 […]
Participate in this brief survey and see how your health benefits stack up against those of other successful companies. The survey takes only a few minutes to complete. Complete the Survey Now To show our appreciation we’ll send a PDF of the survey results to all participants. (Be sure to include your contact information where […]
About 30% of the organizations Sibson Consulting studies do pay for performance well, consultant Jim Kochanski says. That means it is possible, but it’s not easy. Fortunately, there are nine factors that can help the other 70%, he says. Most employers say they have pay for performance, says Kochanski, but they don’t. Unfortunately, employees spot […]
Employers may find this new information useful for planning or justifying their retirement plan expenses: Contrary to the popular belief that defined benefit retirement plans are more costly for employers to administer, data from the U.S. Bureau of Labor Statistics indicates that private-industry employers now spend more per employee hour worked for defined contribution plans. […]
We’ve shared Ahlrichs’ truck loader story before but it’s worth repeating as it clearly illustrates what can happen when different parts of the team are using different metrics. Ahlrich, who is owner of ExpertSpeaks, and a consultant and business developer for Gregory & Appel. offered his tips at a recent webinar sponsored by BLR and […]
And going one step further—if we can do a good job of managing turnover among top producers, we’ll improve other key metrics like retention of customers, says Ahlrich, who is owner of ExpertSpeaks, and a consultant and business developer for Gregory & Appel. He offered his tips at a recent webinar sponsored by BLR and […]
[Go here for yesterday’s survey results] What is the amount of annual litigation expense (by company size) in the US? The trend of increased litigation expenditure has resumed. Last year marked the first drop in the percentage of companies spending $1000000 or more on litigation since 2007. This year, the increase resumed with just over […]
Employers trying to comply with health reform’s play-or-play mandate — and calculate their exposure to penalties — now have more insight based upon a new notice of proposed rulemaking and a new set of questions and answers from the IRS. Under reform, employers have to calculate full-time equivalent employees for one or more of the […]
Oswald, CEO of BLR, offered his thoughts on attitude (and Eeyore and Tigger) in a recent edition of The Oswald Letter. The chorus of Tritt’s song, which he recorded more than a decade ago, goes like this: And it’s a great day to be alive I know the sun’s still shinin’ when I close my […]