Tag: Compensation

Global Rewards Best Practices? Don’t Follow Them!

“Best practices” tend to be what the big multi-nationals do, and that’s often not right for your company, says Fisher, principal at Chicago-based consultant Laurus Strategies.  Along with colleague Patrick Gallagher, he offered his tips at SHRM’s Annual Conference and Exhibition, held recently in Atlanta, Georgia. The first step in developing a global rewards strategy, […]

The Four Signs of Bad Turnover

Four signs of bad turnover are: Your turnover rate is high compared to industry norms Your turnover rate is high compared those with whom you compete for employees A significant number of employees leave to work for competing employers You are losing many of your top performing employees. In these cases, begin to seek out […]

Bad Turnover Is More Costly than Most C-Suites Realize

Turnover Makes Us happy When the people leaving the organization are exactly those you wished would leave, you can applaud turnover. Unfortunately, that’s not likely to happen. The employees you wish would leave usually hang on doggedly. (Who else would want them?) And of course, some degree of turnover is to be expected and is, […]

Healthcare Countdown Too Complex? Sorry, SCOTUS Says ‘Get Going’

Here, for example, is a (brief?) summary of what you and your organization will face in 2013: Health Insurance Administration Simplification During 2013 and on to 2016, HHS is to develop uniform standards to reduce the clerical burden on patients, healthcare providers, and health plans. A health plan must comply with the new requirements by […]

How Does Your Computer Usage Policy Stack Up?

Beachboard, who is a shareholder in the Los Angeles and Torrence, California offices of national employment law firm Ogletree, Deakins, Nash, Smoak & Stewart, P.C., shared his model computer usage policy at the SHRM Annual Conference and Exposition held recently in Atlanta, Georgia. Model Computer Usage Policy This policy applies to all Company employees, contractors, […]

‘It’s My First Amendment Right to Discuss Wages’

Beachboard, who is a shareholder in the Los Angeles and Torrence, California offices of national employment law firm Ogletree, Deakins, Nash, Smoak & Stewart, P.C., shared his model computer usage policy at the SHRM Annual Conference and Exposition held recently in Atlanta, Georgia. ‘I’m just exercising my First Amendment rights’ Employees who are chastised or […]

HR Departments in Flux—What Are Best Practice Companies Doing?

For years, BLR® has surveyed HR and compensation/benefits professionals to find trends in policy and practice. We appreciate your participation in our series of brief, targeted surveys. Today’s survey topic: Your HR Department. (We’ll publish the results in a future issue.) Please participate in this brief survey and together we’ll get answers to these questions […]

Key Comp Issues: Alignment, Compression, and Risk

[Go here for questions 1 and 2] 3. What is the Alignment of Incumbents Within Their Pay Grades? Perform the following analyses, suggests Carroll: All positions in the organization compared to the midpoint (market) Positions within each pay grade compared to the midpoint (market) Analysis of incumbents within each pay grade compared to the midpoint […]

Compensation: Alignment, Compression, and Risk

Yesterday’s Advisor featured PayScale’s Stacey Carroll’s tips for compensation analytics. Today, more of her analysis tips, plus an introduction to the trusted compensation guide, , Employee Compensation in [Your State]. [Go here for questions 1 and 2] 3. What is the Alignment of Incumbents Within Their Pay Grades? Perform the following analyses, suggests Carroll: All […]

C-Suite Won’t Buy In? You’re Talking About Comp the Wrong Way

Special from Atlanta–SHRM Annual Conference and Exhibition If your C-Suite suits won’t pay attention when you talk about your compensation program, says Payscale, Inc.’s Stacey Carroll, M.B.A., CCP, SPHR, you’re talking about compensation the wrong way. Carroll talks of one CEO who was frustrated about compensation. He had his 12 top people that he wanted […]