Practical HR Tips, News & Advice. Updated Daily.
Last Week! Pay Budget Survey—Who’s Doing What? It’s post-recession and pay is going up … but how much? Let’s find out! Participate in BLR’s Pay Budget Survey—free copy of the results to all participants. Becoming a global competitor and expanding into international markets is a worthwhile goal for any growing company, but such expansions can […]
Succession planning refers to the idea that the ability to fill key roles in an organization should not be left to chance—the succession should be planned in advance. From the CEO on down, a business should be prepared in advance with a plan of who might fill each key role when the time comes.
A study by Fidelity Investments of 13 million 401(k) investors across U.S. metropolitan regions pinpointed the cities where plan loans are most heavily used. The analysis found the greatest percentage of participants with outstanding plan loans, at 33 percent, in the McAllen, Texas, area. The second-largest proportions of borrowers were in the Riverside and Bakersfield, […]
Here is Buglass’s helpful advice for how to avoid the costliest mistakes when growing your company in foreign countries. (Buglass, Vice President of Human Capital Consulting for Radius, is an expert on global employment law compensation and benefits, stock options, expatriate tax, and immigration-related issues.) Getting HR Right in a Global Expansion There is no […]
[Go here for sins 1 to 6.] Sin #7. Gaming the system “John’s work is just OK, to be sure, but I need to give him a big raise to keep him, so he gets an ‘excellent.’” “I can’t stand Sandy, but I can’t transfer him unless he has a high rating; let his next […]
On May 22, CMS issued guidance (registration required) describing how plans, third-party administrators and insurers will pay reinsurance contributions required under health care reform for the next three years. The guidance says a contributing entity can complete all required steps for the reinsurance contributions process on Pay.gov, including registration, submission of the annual enrollment count and remittance of […]
Sin #1. Failure to set meaningful goals “Well, Sandy, I think we did fairly well this year, eh?” “Tracy, I was sort of hoping you’d make more progress this year.” Evaluation is difficult when there aren’t clear, measurable goals. Many experts recommend the S-M-A-R-T approach to setting goals. That means goals should be: Specific Measurable […]
A survey by an association of North American state and provincial securities regulators that found numerous inconsistencies in how broker-dealers disclose fees to customers adds weight to calls from federal regulators for service providers to furnish fee guides to employer retirement plan sponsors. “[W]ide disparity among firms in the way fees were disclosed” was reported […]
Here’s how to approach the situation: First, if it is important for the employees to be in the office during consistent work hours, make sure that is explained in a written policy. If the policy does not yet exist, create it if this is critical to your business. Make it part of the employee handbook […]
PTO helps to bridge the gap between being required to pay salaried employees their full salary in a given workweek (even if they don’t work a full workweek), while also balancing how much time off can be taken without it becoming a problem. Employers often find themselves in a conundrum, however, over how to handle […]