Practical HR Tips, News & Advice. Updated Daily.
Trying to find market data for some jobs may seem a little like searching for a needle in a haystack—tedious, time-consuming, and marginally successful. Often, the problem isn’t that no data are available but in how we’re look for them, says BLR’s Senior Compensation Editor Sharon McKnight, CCP, SPHR.
The metrics available to you are literally endless, so you must limit yourself to tracking those that best capture what’s important to your organization. And then, as we’ll discuss today, it’s equally important to communicate that data effectively.
The U.S. Department of Labor’s (DOL) release of new proposed rules regulating who is eligible for overtime pay has employers scrambling to determine how many of their workers will need to be reclassified when new regulations take effect. Currently, the salary threshold for an employee to be exempt from the Fair Labor Standards Act (FLSA) […]
Metrics are a simple way to define, measure, and track key performance indicators. Metrics are certainly not unique to compensation and HR—rather, they are used in almost every area of business, government, and education.
It’s undeniable that the caliber of the people in your organization—their integrity, intelligence, experience, and commitment—is critical to your success. Give great people the opportunity to do meaningful work, and there’s no telling what they can achieve.
Amazon.com® Founder and CEO Jeff Bezos put it best: “Your brand is what people say about you when you’re not in the room.” Studies show that the best candidates want to work for a company they trust and believe in—but not much has been said about what organizations are actually doing in the real world […]
2015 has seen some dramatic changes in the business landscape, and the importance of an employer’s brand has become more important than ever. Studies are showing that top talent today want to work for a company they trust and believe in—but not much has been said about what organizations are actually doing to capitalize on […]
Barry L. Brown, SPHR, CCP, of Effective Resources, Inc., understands that time and budgets are both at a premium—but that your compensation plan is probably still in need of some TLC. Yesterday, we got some of Brown’s tips for a DIY compensation makeover. Today, his thoughts on remedying a common but serious comp problem: wage […]
Working with outdated pay ranges can create turnover, pay equity issues, low morale, and legal challenges. Also, granting merit increases without an accurate budget or distribution methodology has the potential to damage your professional credibility. Is calling in a compensation consultant the only solution?
Increases. Budgets. Bonuses. Variable Pay. Compensation is never a simple issue, but it’s an important cornerstone of employee engagement and satisfaction, as well as talent acquisition. What’s happening with pay budgets and variable pay in the real world? What are your competitors up to? Help us find out!