Practical HR Tips, News & Advice. Updated Daily.
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.
Special from SHRM’s Employment Law and Legislative Conference Hobby Lobby is a large (3 billion plus) privately held organization with over 600 stores across the country. The company’s philosophy is imbued with the religious views of its founder David Green. For example, the number one operating principle listed on their website is “Honoring the Lord […]
How a company complies with health care reform should be determined by what kind of employer it is, how exclusive its workforce is, and how important its benefit package is seen as an aid to recruitment and retention. Only after that analysis should an employer look at whether gains can be made by, say, reducing […]
Once you’ve got a salary increase matrix (see below), determining increases should be simple—but it’s not. Several approaches are commonly used for determining salary increases. Performance/merit systems are the most common. Across-the-board or general increases are often tied to increases in the cost-of-living index. For unionized employees, the collective bargaining agreement will include a negotiated […]
In yesterday’s Advisor we featured advice on variable performance pay from consultant Teri Morning, MBA, MS, SPHR, SPHR-CA. Today, her salary increase grid that is a little more complex than most, plus we offer the free downloadable white paper (FREE! thanks to sponsor PayScale)—the 2014 Compensation Best Practices Report. Morning says her grid takes into […]
Across-the-board increases and the entitlement mentality are out, and the pay-for-performance mentality is in, says Consultant Teri Morning, MBA, MS, SPHR, SPHR-CA. Organizations are looking for less expensive, less permanent solutions, such as lump sum payments, bonuses, or just paying top performers, she adds. Increasingly, employers are less averse to withholding merit increases for poor […]
Employees are satisfied. Both internal and external equity are maintained. Control is maintained over compensation costs. For a review of basic compensation program principles, we turned to Compensation.BLR.com®. Properly structured and administered, your compensation program will: Help attract top talent. Retain core employees. Encourage longevity while efficiently using financial resources. Establishing an effective compensation administration […]
Most HR professionals look forward to conducting annual performance reviews about as much as a trip to the dentist, but as the economy improves, performance appraisals are going to be the key for talent retention, a positive work environment, and the overall growth and productivity of your organization. That said, there are also pitfalls to […]
Makris, senior counsel at Pillsbury Winthrop Shaw Pittman, and Rhoma Young of the HR consulting firm Rhoma Young & Associates offered tips for ensuring that performance appraisals are used legally and effectively. Their suggestions came in a recent BLR®/HR Hero® audio conference. From a legal perspective, performance appraisals are important because they can help defend […]
Employers struggling to decode the service provider fee disclosures from their retirement plans may be getting some relief. Nearly two years after the U.S. Department of Labor published a proposed rule requiring covered service providers to disclose the cost of what they do for employer-sponsored 401(k)s, the agency is requesting more help for plan sponsors […]
(Oswald, CEO of BLR®, offered his thoughts on Lombardi and leadership in a recent edition of The Oswald Letter.) As a young assistant coach, Madden attended a coaching clinic where Lombardi was the speaker. As Madden tells it, he was quite confident in his football knowledge. Showing up at the clinic, he sat in the […]