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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 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, […]
“Retaliation lawsuits are among the easiest to prevent,” says attorney Jody Katz Pritikin, but retaliation is a common reaction by managers who are embarrassed or angered by an employee complaint, and that means managers have to be on the watch for it. Pritikin, who offered her tips at SHRM’s Employment Law and Legislative Conference, held […]
Strand, owner of consultancy HR Dynamics Inc., offered his comments on the three methods at a recent webinar hosted by BLR/HRhero. Ranking Method This is non-quantifiable and subjective, but is a basic simple approach, says Strand. You arrange all jobs in rank order of their relative duties, responsibilities, qualification requirements, that is, their “importance” to […]
[Go here for Considerations 1 and 2.] Consideration #3—Employer Limited Supervisor’s Discretion This considers the extent to which the employer limited supervisors’ discretion to assess employees subjectively, particularly where the criteria that the supervisors were asked to evaluate are known to be subject to negative age-based stereotypes. EEOC recognizes that in many cases to it […]
EEOC released its Final Rule on Disparate Impact and “Reasonable Factors Other Than Age” Under the Age Discrimination in Employment Act of 1967 in March and it became effective April 30. EEOC also published an informative Q&A on which this article is based. ADEA and Disparate Impact ADEA prohibits two types of discrimination against workers […]
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, says Wudyka. As some may be taxable, always clarify that issue before finalizing your plan. Some examples of perquisites: Country club memberships Cars Financial or legal planning Computers Phones Assistants […]
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, MA. His tips came at a recent BLR/HRhero-sponsored webinar. Motivating Executives Is a Challenge Motivating executives is a challenge, says Wudyka, because their level of base compensation is […]
Pritikin, founder of Proactive Lawsuit Prevention, made her comments at SHRM’s Employment Law and Legislative Conference, held recently in Washington, DC. Retaliation Policy Must-Haves Pritikin suggest that employers include the following in their anti-retaliation policies: Make a standalone commitment against retaliation—it’s the number one EEOC claim! Define retaliation Give a specific examples including “zone of […]