Practical HR Tips, News & Advice. Updated Daily.
Goodkin who is a partner in the Los Angeles office of law firm Rutter Hobbs & Davidoff, gave her tips at a recent webinar hosted by BLR. 4 Major Reasons You Need Job Descriptions Just for openers, said Goodkin, there are four major reasons for having job descriptions: 1. Knowing What to Look for When […]
BLR’s 2012 Pay Budget Survey results suggest another marginal improvement in economic conditions from one year ago. The average planned merit increase for 2012 is 2.07%, according to the survey results, while the average actual merit increase for 2011 was 1.87%. In last year’s 2011 Pay Budget Survey, employers reported that their average planned merit […]
Hellerman and Kochanski, who are Sr. Vice Presidents at Sibson Consulting, offered their tips at WorldatWork’s Total Rewards Conference and Exhibition, held recently in San Diego. Promotions as Performance Reward Big Bang Companies manage promotions and the accompanying promotional increase as a key reward for high performance, says Hellerman. Sameness Big Bang Promotion is an […]
The Forces of ‘Sameness’ Many factors have created the strong pull towards sameness in compensation: Talent shortages in 1996-1999, 2004-2007 Greater availability of data More effective tools to manage data comparisons Regulations and government scrutiny (Why do you pay the way you do? The easy answer is we do it like everyone else, Kochanski says.) […]
The Compensation Daily Advisor® announced today the release of a free report for compensation professionals, Market Pricing Versus Job Evaluation: Why Not Both?, which provides a strategy to help employers integrate job evaluation and market pricing tools. The exclusive special report examines the two tools in tandem – rather than as competing strategies. Market pricing […]
For years, BLR® has surveyed HR and benefits professionals to find trends in benefits. We appreciate your participation in our monthly series of brief, targeted benefits surveys. Today’s survey topic: 401(k) Plans. (We’ll publish the results in a future issue.) Please participate in this brief survey and we’ll determine just how employers are handling their […]
I-deals are idiosyncratic “deals” that managers make with individual employees. They’re hard to stop, but it’s worth trying, says Greene, who is CEO of Reward $ystems Inc., in Glenview IL. Greene’s remarks came at the recent 2011 World at Work Conference in San Diego. Idiosyncratic “Deals” With Individuals/Groups Competitive talent markets increase the pressure to […]
In yesterday’s Advisor, consultantsMyrna Hellerman CCP and Jim Kochanski discussed how Big Bang companies broke out of sameness; today, their take on carve-outs and promotions, plus an introduction to a unique 10-minutes-at-a-time training system for your managers and supervisors. Hellerman and Kochanski, who are Sr. Vice Presidents at Sibson Consulting, offered their tips at WorldatWork’s […]
And to make matters worse, compensation policy-making and enforcing has gotten harder, says Greene, CEO of Reward $ystems Inc., in Glenview IL. Greene’s remarks came at the recent 2011 World at Work Conference in San Diego. Why is policy making tougher today? People are more mobile, and they’re onsite and offsite Critical skill shortages exist […]
For at least 10 years, the practice of managing compensation has been caught in a black hole pulling organizations towards “sameness,” say experts Myrna Hellerman CCP and Jim Kochanski. In today’s Advisor, they discuss how some Big Bang companies broke out of sameness to do what was right for the business. The Forces of ‘Sameness’ […]