Practical HR Tips, News & Advice. Updated Daily.
Why Are Compensation Metrics Important? Pasteris, who is president of TLMP Consulting Group, offered her tips at a recent BLR-sponsored webinar. She says that metrics help with the following: Knowing whether you are succeeding in following your compensation philosophy. For example, say you want to pay at the 75th percentile of the marketplace. You have […]
Designing an executive pay plan requires a lot of facets to be considered, not the least of which is: how high should executive pay be? But the exact amount is far from the only consideration. How should an organization decide to pay executives? Is there a formula to use? Unfortunately, it’s seldom that simple, and […]
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: Which days will be paid holidays in 2013? In 2014? How will you handle Thanksgiving, Christmas, and New Year’s holidays this year? Do you pay […]
Pay-for-performance programs are being implemented with increasing regularity by organizations today. The ability to see that direct correlation between an employee’s contributions and how much they are paid is appealing to employers and employees alike. However, it doesn’t come without risks. Here are 4 of the biggest risks employers face when implementing a new pay-for-performance […]
Busch, whose remarks came at a recent BLR-sponsored webinar, is owner of HR Compensation Consultants, LLC. Here are her suggestions about team and individual incentives. What Are Team-Driven Incentives? Team-driven incentive are intended to foster a collaborative environment in which team members are focused on helping one another. They are: Based on a team’s performance. […]
In yesterday’s Advisor, consultant Terry Pasteris offered guidance on compensation metrics; today, dangers of Green Circles plus an introduction to the compensation guide that puts federal and state regulations at your fingertips. Red Circle employees indicate you are spending too much on compensation relative to the value of the jobs, says consultant Terry Pasteris, CCP, […]
How can you know if your comp program is meeting organization goals? You have to maintain metrics, says consultant Terry Pasteris, CCP, GRP. But there are metrics, and then there are metrics. Why Are Compensation Metrics Important? Pasteris, who is president of TLMP Consulting Group, offered her tips at a recent BLR®-sponsored webinar. She says […]
Variable pay is a powerful communicator of values and directions and changing business needs. However, with nonexempt employees, it is particularly important that: The amount of the incentive be market competitive and significant enough to reward in a meaningful way. The amount of incentive (aka pay at risk) is not so large that missing the […]
Medications for Treating Bipolar Disorder It is often challenging to find the right combination of medications and the right dosages, says expert Tom Wootton. Typical medications include: Mood stabilizers Antipsychotics Combination of both Wootton, CEO of Bipolar Advantage, whose remarks came in a recent BLR-sponsored webinar, was joined by Maureen Duffy, PhD, a practicing family […]
We have no accurate statistics regarding the prevalence of bipolar disorders in the workplace, especially because it is often hidden due to stigma, says Wootton. However, we do see a prevalence in creative departments, sales, legal, and management. Frustratingly, he adds, it’s often a tough call whether the employee with bipolar is an asset or […]