Tag: Compensation

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 […]

Recruiting and Retention—What’s Working in the Real World?

Please participate in our brief survey and see how what you are doing stacks up against what other successful companies are doing. We’ll get answers to these questions and more: What sources yield the best candidates? How is online recruiting working out? Which recruiting software works best? How much are you willing to negotiate salary […]

‘Strike Zone’ Payout Curve for Executive Incentives

Goal Setting Goal setting is the most important and challenging aspect of annual and long-term incentive design, says Harris, who is Managing Director at Frederic W. Cook & Co. Harris was joined by Ron Miller, Head of Global Rewards, Mobility, M&A, E.I. du Pont de Nemours and Company, in a presentation at the WorldatWork Total […]

Exec Comp 101—Philosophy, Base, Annual, LTI, Benefits

Harris, who is Managing Director at Frederic W. Cook & Co., was joined by Ron Miller, Head of Global Rewards, Mobility, M&A, E.I. du Pont de Nemours and Company, in a presentation at the WorldatWork Total Rewards Conference and Exhibition in Philadelphia. Elements of an Executive Compensation Program Element Importance Comment Compensation Strategy Medium Reflects […]

Remember the Titans: Lessons for Football—and for Management

Oswald, CEO of BLR®, offered his takeaways from Remember the Titans in a recent edition of The Oswald Letter. Here’s what he says: The other night I walked in the door to find my youngest son watching the movie Remember the Titans. If you’re a regular reader of this column, you know I consider the […]

5 Laws that Job Descriptions Can Violate

What Laws Are Involved? A number of laws and regulations are involved as you complete your job descriptions and work with them, says Kennedy, including: Fair Labor Standards Act (proper classification as exempt or nonexempt) Equal Pay Act of 1963 (comparing job values, pay values, and gender) Equal Employment Opportunity (comparing pay levels and protected […]

Performance Problem—Blame the Job Description?

Well-written and effectively developed job descriptions are communication tools that allow both employees and candidates to clearly understand the expectations of the role, its essential duties, competencies, and responsibilities, along with the required educational credentials and experience, says Kennedy. Kennedy is the principal consultant of MAKHR Consulting, LLC, and author of the career coaching book […]