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.
Many retirement plan sponsors and administrators are cheering the phase-in of reduced funding requirements that tie future company contributions to a 25-year average interest rate. Nonetheless, some experts predict that the changes may encourage investors in these plans to think less about hedging risk. A report Towers Watson issued, “The Implications of Funding Relief: What […]
Eye on the Election For today’s topic of likely changes to affirmative action after the election, we turned to Susan Schoenfeld, J.D., Senior Legal Editor for BLR’s human resources and employment law publications. Schoenfeld was formerly an attorney with the Civil Rights Division at the U.S. Department of Labor (DOL) in Washington, D.C., where she […]
Oklahoma’s Attorney General has revived his state’s challenge to the federal health reform law, this time targeting the law’s employer mandate. The state’s amended complaint at the U.S. District Court for the Eastern District of Oklahoma seeks to overturn an IRS regulation allowing some consumers to get federal subsidies to buy insurance on health insurance […]
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, […]