Tag: Compensation

Selecting Your Outsourcing Vendor

Letke, who is founder and CEO of Integrity HR, Inc., in Louisville, Kentucky, offered her tips at BLR’s Strategic HR Leadership Summit in Scottsdale, Arizona. How Do You Identify Providers/Partners/Vendors? There are a number of helpful sources for finding outsourcing options, says Letke, including: Referrals, networking, colleagues Newspapers and magazines (HRO Today) Internet Mailings Professional […]

Outsourcing, Offshoring: Bane or Benefit?

What Is Outsourcing? Outsourcing is the contracting of an internal business process to a third party organization, says Letke, who is founder and CEO of Integrity HR, Inc., in Louisville, Kentucky. She offered her tips at BLR’s Strategic HR Leadership Summit in Scottsdale, Arizona. What’s the Difference Between Outsourcing and Offshoring? The two terms are […]

Engagement and Enablement—Keys to Comp Effectiveness

Yesterday’s Advisor featured consultant Tom McMullen’s take on the new total rewards; today, he lays out the drivers that get your employees to engagement. McMullen is Reward Practice Leader for Hay Group in Chicago. He was joined by Dow Scott, professor of Human Resources in the Quinlan School of Business Administration at Loyola University Chicago […]

A Sophisticated Merit Increase Grid

Morning says her grid takes into account three factors (market and business performance, individual performance, and position in range), plus there’s a lump sum option. Pay increases are based on three main factors, says Morning, president of Teri Morning Enterprises in Carmel, Indiana, who made her suggestions during a recent webinar sponsored by BLR®. In […]

What’s Happening to Total Rewards? New Landscape

The current global economic environment means executives are thinking about reward program management in new ways, says consultant Tom McMullen. The good news is that Hay Group studies show human capital concerns rank number one. What’s the Deal with the ‘Regular Rate’? FThe bad news is that many organizations still find it hard to maintain […]

Why the Trend Toward Variable Performance Pay?

Increasingly, employers are less averse to withholding merit increases for poor performers so they can afford to grant meaningful increases to better performers, says Morning, who is president of Teri Morning Enterprises in Carmel, Indiana. Morning made her suggestions during a recent webinar sponsored by BLR®. What is Variable Performance Pay? Variable performance pay aligns […]

Holidays Survey Results in; How Do You Measure Up?

    Thanks to all 3,804 participants! Here are the detailed survey results. How does your organization measure up? 2013 Holiday Season Thanksgiving When asked which days will be paid holidays for their employees at Thanksgiving in 2013, 95.5% of survey participants indicated that Thanksgiving Day will be a paid holiday. Additionally, 65.1% will provide […]

OT with Multiple Rates? Weighted Rate OR Agreement

In yesterday’s Advisor, we presented examples for calculating the “regular rate” pay. Today, overtime with shift differentials and multiple rates of pay, plus an introduction to the guide especially for small or even one-person, HR departments. Example #3—Shift Differentials [Go here for examples 1 and 2] Employers must include shift differential pay when determining an […]

Put March 24, 2014, on Your Calendar—Vets’ Affirmative Action Deadline

Here are some of the other important changes included in the final affirmative action rule: The incorporation of specific EO Clause language in subcontracts. In order to incorporate the equal opportunity (EO) clause by reference in subcontracts, contractors must include specific language spelled out in the new regulations. This language notifies subcontractors of their responsibilities […]

Happy Veterans Day—As OFCCP Issues Rules for Vets AA

Last August, the OFCCP announced a final rule that makes significant changes to the regulations implementing the Vietnam Era Veterans’ Readjustment Assistance Act, or VEVRAA. VEVRAA prohibits employment discrimination against specified categories of veterans by federal government contractors and subcontractors. For a closer look at the new regulations and the implications for federal contractors, we […]