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Everyone’s talking market pricing, but many are not doing it well. Even with limited resources, you can take the steps to align your pay structure with the market, says consultant Mary A. Rizzuti CCP, PHR. In today’s Advisor, Rizzuti, who is a principal at PHR Compensation Resources, Inc. in Upper Saddle River, NJ, shares her […]
The economic environment presents comp managers with many challenges, but base pay management is at the head of juggling act, says compensation consultant Mary A. Rizzuti, CCP, PHR. How can we remain competitive with smaller budgets? In today’s Advisor, Rizzuti, who is a principal at PHR Compensation Resources, Inc. in Upper Saddle River, NJ, shares […]
In yesterday’s Advisor, attorneys Chris Anderson and Sarah C. Maxwell provided guidance on Early Retirement Incentive Programs (ERIP); today. their tips for employee releases, plus an introduction to the all-in-one site for HR managers, HR.BLR.com. Releases of claims under the Age Discrimination in Employment Act (ADEA) are typically part of ERIPs, but they have to […]
ERIPs are a win-win, the attorneys say, because: Employers benefit from reducing wages and other costs associated with senior workers, and avoid the negativity associated with a RIF Employees benefit because a portion of that cost savings is passed to retiring workers who can retire earlier than they otherwise might. Anderson, a member of Miller […]
Releases of claims under the Age Discrimination in Employment Act (ADEA) are typically part of ERIPs, but they have to be carefully drafted and managed say the attorneys. If they are not, employees probably can keep the money and still sue you. Anderson, a member of Miller & Martin PLLC in Nashville, Tennessee, and Maxwell, […]
In today’s Advisor, Rizzuti, who is a principal at PHR Compensation Resources, Inc. in Upper Saddle River, NJ, shares her 10 keys for effective market pricing. 1. Collect Good Job Information Ensure that job descriptions accurately portray the job duties and responsibilities. Many jobs have changed in the past few years. Pay special attention to […]
In today’s Advisor, Rizzuti, who is a principal at PHR Compensation Resources, Inc. in Upper Saddle River, NJ, shares her tips for managing base pay in low budget times. Here are the current compensation mindset issues we’re seeing, says Rizzuti: Coming out of it. All of us have been dealing with a difficult environment, Rizzuti […]
We’ve talked about the advisability of doing social media background checks before. Briefly, the negative of doing such checks is that you’re guaranteed to find out things you didn’t want to know about race, religion, etc. Once you have that information, it’s easy to suggest that it played a part in your decision-making. On the […]
Stevens is Vice President of R&D at Chally Group Worldwide, a global leadership, sales potential, and performance measurement firm. [Go here for Mistakes 1 to 6] MISTAKE 7: Being a Do-Gooder Since most sales managers enjoy influencing other people, they tend to pride themselves on improvements they see in their sales forces. They have a […]