Practical HR Tips, News & Advice. Updated Daily.
In yesterday’s Advisor we discussed straight and hurdle-rate profit-sharing; today, goal-driven profit-sharing plans. [Go here for 1. Straight and 2. Hurdle-Rate Profit Sharing] 3. Goal-Driven Profit-Sharing Plans In a goal-driven profit-sharing plan, profits are used to establish an incentive opportunity, but employees also must earn that opportunity, based on achieving other goals. These other goals […]
When you consider a profit-sharing plan, there are three main ways to set it up: straight, hurdle, and goal. A profit-sharing plan is a group incentive plan that includes all employees in an organization and that focuses on overall business unit profit (or a similar bottom-line financial goal). What are the advantages and disadvantages? Advantages […]
by Kevin C. McCormick Employers in Baltimore will face new restrictions in conducting criminal background checks now that the city council has passed a tough new “ban the box” law. Bill 13-0301, titled “Ban the Box—Fair Criminal Records Screening Practices,” passed the Baltimore City Council on April 28 and was expected to gain Mayor Stephanie […]
It’s going to be a challenging year for HR (well, aren’t they all?). In today’s Advisor we’ll take a look at three levels of concern—policy HR issues like technology, health care, and social media; basic HR issues like wage/hour threats; and strategic HR issues like losing your high potentials because your Boomers aren’t retiring. Technology […]
Résumés may soon become relics of HR’s past, with a specifically designed algorithm examination of applicants’ blog posts, tweets, and “cyber imprints” replacing them in the near future.
Last year, HR Strange but True! reported on a call for applicants by Dutch organization MarsOne to staff a trip to Mars. Well, according to Yahoo! News, it looks like the “hiring process” is still progressing and has become the subject of a short film, “Mars One Way,” featuring five of the “applicants” and why […]
This infographic from Hireright breaks down how applicant tracking systems (ATSs) weed through hundreds, if not thousands, of résumés to find the right candidate for a position. Some candidates and recruiters argue that an ATS can overlook qualified applicants simply due to oversights in résumé form and structure. This is true. However, knowing how an […]
Yesterday’s Advisor covered the first three critical hiring mistakes; today, more errors, plus an introduction to the all-things-HR-in-one-place website, HR.BLR.com. Go here for mistakes 1-3 4. Making Poor Selection Decisions Especially if you have not done a good job of gathering information about candidates, it’s easy to rely on one of these misleading factors: […]
By Lura Peterson Having a disabled-friendly HR policy and structure is beneficial to an organization in many ways. Employees with disabilities are as productive as those with no disabilities if they are properly trained. Also, disabled employees give a high return on investment by way of qualifications, high retention rates, and the tax sops provided […]
Selecting the right people is so basic to success, yet many managers do it poorly, due to either haste or ignorance. Here are seven critical mistakes for recruiters and hiring managers to avoid. 1. Failing to Clarify What You Are Looking For Everyone’s in a hurry to fill a vacant position. But filling a job […]