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.
Even with pay for performance, says Epps, managing partner of EP2S Compensation Solutions, LLC, many companies are promoting the wrong people and granting raises for the wrong reasons. Promotional raises increase labor costs, but don’t necessarily help the company perform better. “Whether the company’s performance is good or poor doesn’t make much difference in labor […]
In yesterday’s Advisor, consultants Brandon Cherry and Brooke Green detailed incentive plans for non-exempt employees. Today, their take on recognition and spot bonuses, plus an introduction to the comprehensive guide to non-exempt compensation. Here are the last two of Cherry and Green’s Six types of incentive. [Go here for the first four types.] Cherry and […]
Incentives for non-exempts? It can be very successful, say consultants Brandon Cherry and Brooke Green, but you have to be careful structuring and managing the plan, and wage/hour regulations make it trickier. Cherry and Green, both of whom are principals at HR consultant Hay Group, offer the table below to show how incentives fit into […]
Here are the last two of Cherry and Green’s Six types of incentive. [Go here for the first four types.] Cherry and Green are both principals at HR consultant Hay Group. They offered their tips at a recent webinar hosted by BLR and HR Hero. Plan Type Overview Advantages Disadvantages Recognition Cash or non-cash reward […]
In some years, Sept. 23 represents the Autumn Equinox, but in 2012 for health plan sponsors and administrators, it triggers the compliance date for a key disclosure requirement under health reform: the distribution of summaries of benefits and coverage, beginning with open enrollment periods and/or plan years that begin on or after Sept. 23. Here […]
Oswald, CEO of BLR, offered his thoughts on consistency in a recent edition of The Oswald Letter. Webster’s defines consistency this way: “steadfast adherence to the same principles, course, form, etc.” Consistent leaders have a steadfast adherence to the same principles each and every day. It doesn’t matter the situation in which they finds themselves, […]
In this video, we provide an animated skit which contains a trainer/HR professional’s inquiry with an employee as to why he didn’t attend a training session on weight management, the employee’s attempt to illustrate why he didn’t find it necessary to attend, and his realization that he could have benefited from the training. Diana: Tony, […]
Cherry and Green, both of whom are principals at HR consultant Hay Group, offer the table below to show how incentives fit into the total rewards picture. They offered their remarks at a recent webinar hosted by BLR/HR Hero. Compensation type Comment Value of being a member of the organization Benefits/ Perquisites Little flexibility, […]
Retirees’ right to vested health benefits for life did not preclude a manufacturer of agricultural and construction equipment from reducing or restricting those benefits, the 6th U.S. Circuit Court of Appeals recently held in a split decision. In doing so, the circuit rejected the retirees’ argument that the company could not change the “scope” of […]
Plan sponsors that offer company stock in their retirement plan should watch carefully the results of a recent appellate court reversal that will allow participants in .’s defined contribution retirement plan to pursue an ERISA class action against the bank. They claim it endangered their savings by including company stock in their retirement plan shortly […]