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.
There are 10 key challenges for HR under Dodd Frank and its various “Say on” requirements, says consultant Deborah Lifshey. Although about half are not currently in force, it’s still a significant hassle. The Dodd Frank Act (Dodd Frank Wall Street Reform and Consumer Protection Act) was signed in 2010 as a culmination of efforts […]
In order to get the nutrition they need every day to stay healthy, employees must develop and maintain healthy eating habits. Here’s a video that takes a light-hearted approach towards providing facts about nutrition and the important employee wellness topic of having healthy eating habits. Click to view video. Trying to get your employees trained […]
Oswald, CEO of BLR, offered his thoughts on customer service in a recent edition of The Oswald Letter. Recently, my wife and I celebrated our 25th wedding anniversary, says Oswald. My gift to her was a trip to the Caribbean for a few days. That’s 5 days without kids! In our world, that doesn’t happen […]
To expedite distribution of retirement assets from companies in Chapter 7 bankruptcy proceedings, the U.S. Department of Labor wants to allow bankruptcy trustees to use its Abandoned Plan Program. This program establishes a process to terminate abandoned plans so that plan participants and beneficiaries gain quicker access to their benefits; currently, however, bankruptcy trustees do […]
Even as the IRS announces it plans to issue guidance on the use of smartcards with qualified transportation fringe benefits, public comments on such guidance include allegations of impropriety from one vendor. The IRS asked for input on whether it should issue such guidelines (see related story) last May. Thompson Information Services requested copies of […]
Pension liabilities of the 100 largest U.S. corporate defined benefit pension plans decreased by $28 billion in November, while assets increased by $5 billion, bringing the Milliman 100 Pension Funding Index funded status deficit to $466 billion and the funded ratio of 74 percent. The November ratio still lags the year-end 2011 value of 78.7 percent, […]
One thing’s sure—when things go South, you’re going to catch the heat. Some of the most common problems: Performance Appraisals and Compensation Since performance appraisals are tied to compensation in most organizations, there’s a strong temptation for managers to “game the system.” They want certain people to get certain raises, so they manipulate the ratings […]
Pay Budgets 2.5 to 3 Percent Our survey revealed that most employers offered modest pay increases in 2012 and will do so again in 2013. In 2011 the average “planned” merit increase for 2012 was 2.1%. Actual merit increases for 2012,s however, were higher than anticipated for the first time in at least two years, […]
Csizmar, who is founder and principal of CMC Compensation Group, offered his tips at a recent webinar sponsored by BLR. The Recommendation to Management Finally, you get to make your presentation to senior management, says Csizmar. The trick is to get them nodding their heads first before your recommendations see the light of day Tell […]
Large corporations thinking about transferring hefty defined benefit plan payouts to insurance companies for them to manage now have judicial support for that approach. A federal judge in Texas has denied a bid by retired Verizon Communications executives to block the company from making a proposed shift off its books of $7.5 billion in pension […]