Tag: Compensation

Want Benefit Savings? Take a Close Look at Your PBM

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 […]

Karma in the C-Suite: What Goes Around …

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.” […]

℞ for Your PBM: ‘Here’s what we’re willing to pay …’

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. […]

Flex Report: Innovations, Impacts, and Challenges

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 […]

Benefit Savings Available—Hold PBMs to a Higher Standard

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 […]

Real-World Flex—DOL’s Report from the Field

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 […]

Market Pricing—Comp Key in 2013

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, […]

Stay Market Competitive, Retain Top Talent in 2013

Daniels, Senior Consultant at Keating Advisors, LLC, offered her suggestions at a recent webinar sponsored by BLR and HR Hero. How to Conduct a Base Pay Structure Review Daniels says a well-designed and effective base pay system should be: Supported by an agreed-upon organizational compensation philosophy Supported by clear compensation administration policies Driven by up-to-date […]

Better a Tigger than an Eeyore? Readers Not Sure

In the original article, Oswald, CEO of BLR and writer of the The Oswald Letter quoted Thomas Jefferson: “Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.” Specking about attitude, Oswald continued, “Who wants to follow an Eeyore […]

Can Denying a Raise Be Retaliation under the ADA?

An example of a potential ADA violation would be an employee who is being treated for post-traumatic stress disorder (PTSD) resulting from incest who requests reasonable accommodation. Her supervisor then tells the employee’s co-workers about her medical condition. The employee tells the supervisor she intends to complain to HR about his unlawful disclosure of confidential […]