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.
A recent Illinois federal bankruptcy court ruling is an important reminder to ERISA plan fiduciaries that violations of fiduciary duties under ERISA can result in personal liability from which Chapter 7 bankruptcy proceedings cannot protect the fiduciary. The case is In re John Dombek III, No. 11-40894 (Bankr. N.D. Ill. Oct. 16, 2012); In re John […]
Panelists included Susan Webman, Of Counsel with FortneyScott in Washington, DC; John Husband, senior partner with Holland & Hart in the firm’s Denver, Colorado office; Linda Walton, attorney with Perkins Coie LLP in Seattle; and panel moderator Charles Plumb, partner with McAfee & Taft in the firm’s Tulsa, Oklahoma office. Hot Topics: Equal Pay Act […]
Plan sponsors and administrators face many issues when making disbursements from retirement plans. A recent court ruling on a payout based on a fraudulent claim should reassure those making distributions that if the distribution was in accordance with the plan terms, an employer may not suffer a penalty. In Foster v. PPG Industries Inc. (No. […]
[Go here for risks 1 to 5.] 6. Fair Labor Standards Act Risks For exempt employees, employers must pay the full salary for any workweek, regardless of the number of days or hours worked. Therefore, if an exempt employee is on an unpaid leave of absence and uses an electronic device to check or respond […]
HR Daily Advisor: You have two new certifications—HRBP (HR Business Professional) and HRMP (HR Management Professional). I understand these are mostly for foreign HR people—can you give me some details? HRCI: The HRBP and HRMP are for HR professionals who work outside of the United States and have mastered their country’s HR practices and regulations. […]
Oswald, CEO of BLR, offered his thoughts on “loose” control in a recent edition of The Oswald Letter. Look “manager” up in the dictionary, Oswald says, and you’ll find it described this way: “a person who has control or direction of an institution, business, etc., or of a part, division, or phase of it.” There […]
Yesterday’s Advisor offered the first 6 of 9 factors necessary to make pay for performance real. Today, three more factors, plus an introduction to the all-compensation-in-one-place website, Compensation.BLR.com. 7. Make Merit Matter [Go here for factors 1 to 6.] Of course, one of the problems with merit pay has been that we’re mostly working with […]
Beachboard, who is a shareholder in the Los Angeles office of employment law firm Ogletree Deakins, details the risks in today’s Advisor. He made his comments at the SHRM Annual Conference and Exhibition held recently in Atlanta. 1. Leaks of Company Information The risk of unwanted disclosures is at the top of CEOs’ worries, says […]
The U.S. Supreme Court has ordered a federal appeals court to rehear a Christian university’s challenge to the health reform law in Liberty University v. Geithner. Reviving the case creates the possibility that the High Court may rule on the case itself sometime in 2013, which would make it the second challenge to health reform […]
About 30% of organizations we study do pay for performance well, consultant Jim Kochanski says, so it is possible, but it’s not easy. Fortunately, there are nine factors that can help that other 70% do it better, he says. Most employers say they have pay for performance, says Kochanski, but they don’t. Unfortunately, employees spot […]