Tag: Compensation

No Nonsense Retention: 80% Open Door Policy

6. Keep Your Door Open 80% of the Time [Go here for retention tips 1-5.] Let your people know you are accessible to them, says Cortes, author of the book, No Nonsense Retention. Avoid telling people to make an appointment or come back later. Make sure the time you do spend with your people is […]

‘Fire the Slugs’—That’s the Best Turnover

“There’s good and bad turnover,” says Cortes, author of the book, No Nonsense Retention, which he characterizes as a collection of no-nonsense ways to retain your best people. Firing a non-performer—a slug— is good turnover. But when a top performer leaves to go elsewhere and your organization is left with a huge void, that’s bad […]

Immigration Enforcement: Are You in Compliance with Federal Immigration Law?

This is a serious issue; various government agencies have started to coordinate their efforts as they search for unauthorized workers. The smallest mistake in your paperwork or policies could lead to hefty fines and costly lawsuits. With the latest immigration crackdown under way, it’s crucial for you to make your I-9 administration run smoothly and […]

Four Metrics ‘Gotchas’—Blindsided in the C-Suite

Greene, a member of the Ann Arbor, Michigan, office of the law firm Dykema Gossett, and director of the firm’s Employment Law Department, offered his tips at BLR’s recent Employment Law Update in Las Vegas. Gotcha #1. Different Interpretation of Results Say you have submitted statistics showing that retention has improved. Your stats are unassailable—checked […]

40 Metrics—And Not a One Interesting to Management

There is no single set of metrics that fits all companies, Greene says. You need to step back and find out what management really needs. You’re looking for a few strategic, relevant metrics, he says. Greene is a member of the Ann Arbor, Michigan, office of the law firm Dykema Gossett, and is director of […]

Can Companies Really Link Pay with Performance?

Parikh, who is director of product marketing at compensation software development company Callidus (www.calliduscloud.com), recently spoke to BLR on pay for performance. BLR: How well do companies really link pay with performance? Parikh: Companies basically end up spending about 8-10% of their gross revenue on variable compensation. That could be a very large amount of […]

Why Bother with Incentive Comp in Today’s Economy?

Perhaps at the beginning of 2008, says Parikh, director of product marketing at compensation software development company Callidus (www.calliduscloud.com), you developed your strategy for increasing productivity. Maybe you decided to expand incentive compensation to employees other than sales staff and executives; after all, the trend is toward more incentive compensation, rather than less. You set […]

What OFCCP Now Demands for Affirmative Action

Desmond, who is a partner in the New Orleans office of national employment law firm Jackson Lewis, made her comments at BLR’s Advanced Employment Issues Symposium, held recently in Las Vegas. About Goals and Achievement Under OFCCP (Office of Federal Contract Compliance Programs) rules, where the company’s representation of protected class members is significantly lower […]

OFCCP Demands Detailed Compensation Analysis in Virtually

Remember, says Desmond, who is a partner in the New Orleans office of national employment law firm Jackson Lewis, OFCCP (Office of Federal Contract Compliance Programs) does not enforce a law but an executive order. So, if you don’t want to do business with the government, you don’t have to comply. Desmond’s comments came at […]

Ten Years Ago They Told Me, ‘Figure Out Compensation’

By Sharon McKnight SPHR, BLR Compensation Specialist If you’ve been assigned to “figure out compensation” then you probably feel like I did about a decade ago. I didn’t even know where to begin, much less what needed to be done. Luckily, I worked for a subsidiary of a large corporation with a very knowledgeable compensation […]