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.
Here’s sample Political Activity Policy number one: Employees are not to participate in election activities while working and are not to use company facilities to engage in election activities. When not on company premises, representing the company or using company resources, an employee’s personal conduct is his or her own to regulate. Employees are encouraged […]
In a BusinessWeek article, Bruce Weinstein, PhD., who calls himself “The Ethics Guy,” says that most political issues are by their nature highly divisive. At stake in this year’s presidential election, he adds, are such questions as these, all guaranteed to have the potential for controversy: Should abortion continue to be legal? Should same-sex marriage […]
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: Employee Leave Survey. We’ll publish the results in a future issue, and we’ll also send you a PDF report. (Be sure to include your contact […]
Reimbursement rates for lodging, meals and incidental expenses for fiscal year 2013, which begins Oct. 1, will be frozen at FY 2012 levels, the U.S. General Services Administration announced Aug. 27. GSA is the arm of the federal government that sets travel policy for federal employees. The reimbursement rates, commonly called per diems, determine the […]
Identifying Key Positions and Skills A critical step in the process is to specifically identify the key positions that will be targeted in the succession plan. This usually includes management-level positions. It may also include highly specialized jobs that are essential to the company’s ability to meet current or future goals. Once the positions are […]
What Is HR Responsible For? HR covers a lot of territory as the chart shows. No surprise that benefits and compliance are near universal, but it is interesting that 43% are responsible for safety/security, 10% have operational responsibilities, and 15% wear a facilities management hat. Type of Responsibility Percent of respondents indicating they have that […]
We can’t avoid a simple fact—We’re dealing with an aging workforce. For example, the Bureau of Labor Statistics reports that over one-third of the civilian employees working for the federal government are eligible for retirement. The same situation exists, but to a somewhat lesser degree, in the workforce as a whole. Companies can’t duck the […]
Employers may use look-back periods of up to 12 months, rather than a shorter period as initially established — to average out how many hours an employee works per week, which is a necessity when calculating an employer’s obligation under reform’s play-or-pay provisions. IRS Notice 2012-58 may help some employers escape erroneous shared-responsibility payments under health […]
Here’s a chart that will help with evaluating compa-ratios, says Carroll, who is Director of Professional Services & Education at PayScale, Inc. Internal Compensation Review: Compa-Ratios Job Title Grade Base Min Mid Max Compa -ratio Base> max? Team Leader-Administration 7 95,000 54,136 64,579 76,109 1.471 YES Team Leader-Operations 7 91,000 54,136 64,579 76,109 1.409 YES […]
Check compa-ratios, check external equity, see who’s over the maximum—it’s not rocket science, but it’s necessary, says Carroll, who is Director of Professional Services & Education at PayScale, Inc. Quick Review: The Numbers that Matter Analysis begins with an assessment of internal compensation rates to identify any aberrations (via the compa-ratio) and external equity (via […]