Practical HR Tips, News & Advice. Updated Daily.
Please participate in our brief survey and see how your retirement benefits stack up against those of other successful companies. We’ll get answers to these questions and more: What is the status of your employer match? (Stopped? Less? Same?) What percent of employees participate? What percent do you match? Can employees “cash out” vacation to […]
In yesterday’s Advisor, benefits consultant Scott Haas, CLU, RHU, offered his tips on negotiating reduced pharmacy costs; today, how to manage generic drugs, plus how do download a free white paper that will help you strategize for the coming “workforce meltdown.” Haas, who is vice president of Wells Fargo Pharmacy Consulting, spoke to BLR about […]
Here’s what’s on comp managers’ minds, says Neelman: Evaluating market competitiveness, especially if pay has been stagnant at your organization Keeping on track with your strategic plan, typically refocusing on growth Increasing attention on incentive pay and pay to performance Using compensation dollars more effectively Differentiating pay based on performance, even if differentiation is modest […]
Looking for healthcare savings? (Who isn’t?) Start with a look at your prescription drug costs, says Scott Haas, CLU, RHU, vice president of Wells Fargo Pharmacy Consulting. Haas and his colleagues sought a way to get drug costs down for clients. They peered beneath the surface and didn’t like what they found, Haas said in […]
Oswald, CEO of BLR, offered his thoughts on karma and leadership in a recent edition of The Oswald Letter. Here’s what he said: “Have the courage to say no. Have the courage to face the truth. Do the right thing because it is right. These are the magic keys to living your life with integrity.” […]
Haas, who is vice president of Wells Fargo Pharmacy Consulting, spoke to BLR about the problem of generic drug pricing. To attack the problem, Haas and his team at Wells Fargo created a unique procurement strategy. “About 4 years ago, we listed every generic drug—and there are about 2,750 of them—by their specific identifying codes. […]
Who Has Access to Flex Options? In the financial services companies questioned, professional-level and non-exempt staff usually have access to the same array of both regular flexible work arrangements (including flextime, telework, compressed workweeks, and part time) and occasional flexibility (shifting work hours on a daily basis or just occasionally, occasional work at home, and […]
Haas and his colleagues sought a way to get drug costs down for clients. They peered beneath the surface and didn’t like what they found. From Purely Transactional to Cost Management Pharmacy Benefits Management programs (PBMs) started out in a purely administrative role, Haas says, helping to process retail pharmacy transactions and manage prices of […]
You may access the website here: http://www.dol.gov/odep/workplaceflexibility/ How Does Your Organization Rate? Where does your organization sit on the “flex spectrum”? This Corporate Voices for Working Families graphic helps you see where you stand: The Flexibility Spectrum No Current Use of Flexibility No flexible work options currently being used ↓ Individual Accommodations Special arrangements or […]
Daniels, Senior Consultant at Keating Advisors, LLC, offered her suggestions at a recent webinar sponsored by BLR and HR Hero. Getting Market Pricing Right Market Pricing is the process of analyzing external salary survey data to establish the worth of jobs as represented by market data, based upon the “scope” of the organization (geography, industry, […]