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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.
By Compensation.BLR.com Editor Robert Brady For years, BLR® has surveyed HR and compensation/benefits professionals to find trends in policy and practice. We appreciate your participation in our series of brief, targeted surveys. Today’s survey topic: Holiday Practices. We’ll publish the results in a future issue, and we’ll also send you a PDF report. (Be sure […]
Corporate pensions’ September funding levels continued to recover, gaining ground on rising interest rates that reduced the funds’ liabilities. Three benchmark measures of the funded status of typical corporate retirement plans all showed improvement from August and record-low levels recorded earlier this year. Pension liabilities, or benefit obligations, of the 100 largest corporate defined benefit […]
Retirement plans’ fortunes are tied to the financial markets — and how the federal government regulates them — and there has been no bigger development in that arena than the Dodd-Frank Wall Street Reform Act of 2010. The law made news Oct. 3, when presidential candidate Mitt Romney criticized Dodd-Frank’s “too big to fail” provision, […]
Concerns about whether enough Americans have access to retirement savings plans regularly drive alarmist headlines and heated Capitol Hill hearings, but two recent studies indicate that workers’ access to such plans is, in fact, widespread. For U.S. workers most likely to be able to save and to be focused on preparing financially for retirement, coverage […]
DiMisa, who is Senior Vice President, Sales Force Effectiveness at Sibson Consulting, suggests that managers start with the basic compensation analytic, CCOS. His remarks came during a recent webinar sponsored by BLR and HR Hero. CCOS or Compensation Cost of Sales is typically calculated by taking all compensation paid to people involved in the sales […]
You can’t just look at sales compensation, you have to see how it connects and dovetails and links to strategy, says DiMisa. If you are rewarding reps for actions that are not aligned with the strategy, you’re not going to get the response you need from the sales force. Building a Strategy-Based Plan DiMisa who […]
GOP presidential candidate Mitt Romney recently provided more details on his own health reform plan, stating that if elected, on his first day in office, says he will issue an executive order for the federal government to issue health reform waivers to all 50 states, and immediately work on repealing the health reform law passed […]
Here are the BLR editors’ do’s and don’ts for worthwhile job descriptions that will really support HR operations. 1. DO give specifics For example, rather than stating that a maintenance worker "keeps up equipment," it is better to spell out the position’s requirements, which might include performing routine maintenance on assembly machines, including adjusting settings; […]
Employers and plan administrators have more options now in choosing a way to reimburse the expenses their employees incur for lodging, meals and incidentals during business travel. The IRS in Notice 2012-63 issued per diem rates that are an alternative to the CONUS per diem rates the U.S. General Services Administration issues. The notice also […]
Specifically, how do job descriptions protect against lawsuits and money damages? Here are several ways job descriptions help. 1. Promote Proper Classification Recent multi-million-dollar lawsuits should be a wake-up call that good old wage-and-hour issues are worth a little attention, and job descriptions are a key factor. When job descriptions have proper detail, they help […]