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.
While the focus of late has been on complying with disclosure requirements from the U.S. Department of Labor, the Securities and Exchange Commission has its own set of disclosure criteria that 403(b) plans must follow. Specifically, 403(b) contracts that offer variable investment funds are subject to the jurisdiction of the Securities Act of 1933, the […]
Under COBRA’s small-employer exception, employers with fewer than 20 employees do not have to offer COBRA coverage upon what would otherwise be “qualifying events.” This determination is made based on how many employees were employed, on average, during the prior calendar year. When purchasing group coverage, it is important for employers to be mindful of […]
Sign-on bonuses often do make the difference between acceptance and rejection of an offer, says consultant Chuck Csizmar, CCP, but there are a few caveats. Csizmar, who is founder and principal of CMC Compensation Group, offered his tips at a recent BLR-sponsored webinar. Some Csizmar’s negatives to using bonuses: Using them may establish an unwanted […]
Rather than basing promotions and their associated salary increases on acquired knowledge and certifications, says Epps, who is managing partner of EP2S Compensation Solutions, LLC, base them on competencies. A competency-based job evaluation system is a method of structuring and evaluating broadly defined jobs based on a demonstrated level of job complexity and job accountability, […]
Special from Atlanta—SHRM Annual Conference and Exhibition In yesterday’s Advisor, Payscale, Inc.’s Stacey Carroll, M.B.A., CCP, SPHR. offered key charts for evaluating compensation levels. Today, one more chart and Carroll’s cost-saving suggestions, plus an introduction to the checklist-based audit system that helps you find problems before the feds do. Here’s a chart that will help […]
For today’s topic of likely labor law and NLRB actions after the election we turned to Patricia M. Trainor, J.D., SPHR, BLR’s Senior Managing Editor for HR. Here’s her take: Until recently most nonunionized employers knew little about National Labor Relations Board (NLRB or the Board) activities. This was simply because that federal agency had […]
Can I offer a bonus? Should I offer a bonus? How big should it be? Confusion often reigns, says Csizmar, who is founder and principal of CMC Compensation Group. Sign-On Bonuses Are Like Wallpaper Csizmar says the sign-on bonus is wallpaper used to cover cracks in the employment offer. It says, We know our offer […]
Special from Atlanta—SHRM Annual Conference and Exhibition Regular audits of compensation practices are critical, says Payscale, Inc.’s Stacey Carroll, M.B.A., CCP, SPHR. You may find ways to save the company vast amounts of money, and the data you need to do it are already on hand. Check compa-ratios, check external equity, see who’s over the […]
Health risk assessments and biometrics, while an important source of wellness data, are not always the best place to start when implementing a wellness program, a wellness expert said in a Thompson Interactive webinar. “Think through your culture and what you’ve been doing,” said Brad Cooper, CEO of US Corporate Wellness. Many companies started with […]
Plans face new a new erosion of their powers to recover the full amount of benefits paid in third-party recovery cases. Attorneys with Epstein Becker and Green discussed these and other trends in a Sept. 13 audio conference on benefit claim denial litigation. Plans Face Diminishing Ability to Recover The growing ability of plaintiffs to […]