The Key Role of Job Descriptions in Pay Programs
It’s easy to think of job descriptions as an HR compliance tool—which they are. But it’s also important to remember that they play an important role in your compensation planning as well.
Category: Benefits and Compensation
This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.
What is COBRA?
What is COBRA? COBRA stands for the Consolidated Omnibus Budget Reconciliation Act, which was implemented as an amendment to ERISA (the Employee Retirement Income Security Act of 1974). In most circumstances, COBRA entitles workers and other covered individuals to the option of continuing to receive their employer-sponsored group health insurance coverage for a limited time […]
Performance Management Survey—What’s Really Happening?
Performance management is not only important for identifying your high potential employees, but it also has a great impact on your compensation programs and documentation practices. What’s happening with performance management in the real world? What are your competitors up to? Help us find out!
Two Transit Parity Bills Languish in Congress
Despite two transit parity bills introduced so far this year on Capitol Hill, Congress so far has made no indication it will extend the mostly non-controversial proposal to equalize the tax breaks for qualified parking and mass transportation and vanpool commuting expenses. Both bills were introduced in the House and seek to amend the tax […]
Boomers and Xers Look at Short- and Long-Term Pay Differently
Yesterday, we got some insights from Laura Fries, managing director and executive vice president at Baker Tilly, on pay strategies to retain up-and-coming Gen Xers. Today, her thoughts on short-term versus long-term pay for different generations.
New Pay Strategies Needed to Incentivize a New Generation of Executives
In the upper reaches of corporate America, the largest generation on record is retiring—and a new generation is getting set to take over. And Gen Xers aren’t looking for the same things, compensation-wise, their Baby Boomer predecessors were.
Economists Say 401(k) Plan Loan Policy Shapes Borrowing
Decades into reviewing the pluses and minuses of 401(k) defined contribution retirement plans, most employer plan sponsors have chosen to offer plan loans, which on the one hand give participants early partial access to their retirement funds but also threaten to erode those savings. A new paper suggests that plans’ loan policy can shape participant borrowing, […]
Factors to Consider in Calculating Raises
Yesterday, we looked at the wage increases recently announced by behemoths Walmart and McDonald’s®. Today: How to prepare for compensation increases at your own organization.
Plan Options, Costs, and Reform—More from Our Perks and Insurance Survey
In yesterday’s Advisor, we presented results from our 2015 Perks and Insurance Survey. Today, more findings from the study, including what’s being offered for insurance among employers and how costs are being contained.
Thousands of Workers Getting McRaise Starting July 1
The wage and benefit increases recently announced by McDonald’s® put the fast-food giant on the same path retail giant Walmart took back in February when it announced an increase in its starting wage.