Practical HR Tips, News & Advice. Updated Daily.
Marvin Bower joined McKinsey & Company in 1933 and served as the management consulting firm’s managing partner from 1950 to 1967. In 1997, he published a book titled The Will to Lead: Running a Business with a Network of Leaders, in which he shares his perspectives on leadership. One of Bower’s beliefs is that a […]
Here are some more tips for managing HIPOs (high potentials): Increase risk and reward. This might mean giving more at-risk salary in the form of bigger bonuses or incentive pay for outstanding performance. Having more say over final take-home pay can allow HIPOs to feel more in charge of their career outcome, even if the […]
Please participate in our brief survey and see how what you are doing for training stacks up against what other successful companies are doing. We’ll get answers to these questions and more: How often do your employees receive training? What kind of training is conducted? What specific topics is training offered on? What are the […]
Although the economy is slowly on the mend, it’s still noticeable that many employees near or past traditional retirement age have opted to stay working longer. Often, this is to bolster a nest egg that took a hit during the recession. Sometimes, it’s because they don’t feel the desire to leave the workforce just yet, […]
Business Shutdowns and Furloughs It should be no surprise that many employers have sought creative work arrangements in order to weather bleak times without resorting to morale-killing layoffs. Furloughs, temporary shutdowns, and reduced-hour schedules are common workplace solutions. However, the intricacies of the FLSA make these solutions tricky. The salary basis test is not satisfied […]
By Anthony Di Bratto As companies continue to expand globally and as international trade and production become both easier and more cost-effective, more and more companies are sending their employees abroad. These employees, known as expatriates or “expats,” are employees from the home country who are transferred to work in a host (foreign) country. This […]
Generally, payment on a salaried basis means that employees receive a predetermined amount of pay that can’t be reduced due to variations in the quality or quantity of their work. Employees must be paid their full salary for any week in which they: bzc cb Perform any work, regardless of the number of hours or […]
Changes Contemplated Our survey shows that 9.8% of employers plan to add or make changes to their 2015 retirement benefits package, 64.9% of employers have no additions or changes planned, and 25.3% are not certain at this point in time. For those that are planning to add or make changes to their retirement benefits, 27.4% […]
86.6% of the employers responding to our 2014 survey offer either a 401(k) or 403(b) retirement savings plan to employees. 60.3% of the employers responding to our survey that offer a 401(k) or 403(b) plan to their employees also provide a matching contribution. 41.4% of employers match employee contributions dollar-for-dollar. 31.3% go 50 cents on […]
Vesting of Commissions One particularly difficult sticking point with commission agreements is failing to define what is supposed to happen if a sale is canceled or the terms need to be renegotiated. One solution that eliminates many problems is to state that a draw or advance becomes a vested commission only after all conditions on […]