Tag: Compensation

Can You Scrap the Original Once It’s Scanned?

Yesterday’s Advisor focused on Jacuzzi’s rules for electronic recordkeeping. Today, we’ll get more of his tips and an introduction to BLR’s popular “find-it-before-the-feds-do” FLSA audit program. Jacuzzi is a shareholder in the South San Francisco law firm Simpson, Garrity, Innes & Jacuzzi, P.C. His comments came at a recent audio conference sponsored by BLR®. What […]

Should You Shift to Electronic Recordkeeping? (Hint: You Already Have)

  E-mail Spreadsheets Website E-documents Presentations Voice mail Payroll And just look at what else is potentially keeping an electronic record: Telephone extension detail Computer/network system log-on, log-off times Scantron® security system details Outlook calendars, notes, to-do lists Private files/journals Papers E-mail Microsoft® Word WordPerfect® Excel® PowerPoint® .pdf files Voice Mail Video clips Photographs .wav […]

What’s the Appropriate Sales Level for Commission to Kick In?

Schum, a Senior Consultant at Compensation Resources, Inc. in Upper Saddle River, NJ offered his tips for sales compensation design at a recent webinar sponsored by BLR/HRhero. Sales Compensation Model Schum offers an example of the true cost of a salesperson and then charts out how that might translate into a bonus program. Cost of […]

Sales Comp: All About How You Split the W-2 Pie

Schum, a Senior Consultant at Compensation Resources, Inc. in Upper Saddle River, NJ offered his tips for sales compensation design at a recent webinar sponsored by BLR/HRhero. For example, Schum says, here’s how one organization might split the sales compensation W-2 pie: Sample Sales Compensation Mix Tier     Scope of Accountability Base Salary (Fixed) Bonus (Variable)  […]

Top 7 Compensation Articles of 2012 from Compensation Daily Advisor

Misclassification: DOL and IRS Declare War Misclassification—calling individuals “independent contractors” or “volunteers” who properly should be employees—is a burgeoning legal battleground for employers. A recent 30-million-dollar suit on behalf of newspaper carriers is a good example of the stakes involved, says attorney Christine V. Walters. Unauthorized Overtime–Must Be Paid Even if Forbidden Many employers have […]

Pay Budgets for 2013–What’s the Plan?

Take the 2012-2013 pay budget survey now. For years, BLR has surveyed HR, compensation, and benefits professionals to get an accurate gauge of pay budget planning. We want to find out how companies like yours are planning for compensation this year and next. Please help by filling out our brief survey; we’ll share the results […]

Perks, Imputed Income, and Phantom Stock—Exec Comp’s Tools

In yesterday’s Advisor, consultant David Wudyka offered insights on designing executive pay plans; today, more of his tips, plus an introduction to a unique guide just for smaller HR departments. Wudyka is managing principal of Westminster Associates in Wrentham, MA. His tips came at a recent BLR/HRhero-sponsored webinar. Perquisites Perquisites are benefits unique to executives, […]

Executive Pay—Different Pay Strategy Required

Executive compensation is sometimes called the “third payroll,” says consultant David Wudyka. There’s a general compensation strategy for exempt and nonexempt, but execs are paid differently, he adds. There are different types of incentives for executives, and taxation becomes increasingly important in compensation planning, says Wudyka, who is managing principal of Westminster Associates in Wrentham, […]