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.
No Surprises, Please One of the most cited problems with performance appraisals is the blow to morale and productivity in the time leading up to—and for months after—when the information is delivered. Why? Because employees don’t know what to expect and managers are reluctant to deliver bad news. But, to every extent possible, the contents […]
Registered investment advisers and broker-dealers that may be misrepresenting their credentials or the benefits and features of individual retirement accounts will be targeted by the Office of Compliance Inspections and Examinations of the Securities and Exchange Commission, based on the initiatives listed in a Jan. 9 release of the agency’s 2014 examinatfion priorities. The so-called […]
In today’s Advisor, BLR® Legal Editor Holly Jones, JD, outlines challenges of appraisal systems and offers tips for making them meaningful. Don’t worry, she says, skepticism about appraisals is not unusual. A Google search on performance appraisals will return numerous articles calling for the death of the performance review, a defunct management ritual that […]
Oswald, CEO of BLR, offered seven lessons for better managers from Alabama coach Nick Saban in a recent edition of The Oswald Letter. In the end, people are people. Successful strategies to manage, mold, and motivate them are consistent across the playing field and the workplace. If you want to learn how to manage from […]
By Paul Hamburger, Esq. A recent U.S. Supreme Court decision held that a plan’s contractual limitations provision is enforceable. It just has to be of reasonable length and not conflict with a “controlling” statute. The case is Heimeshoff v. Hartford Life & Accident Insurance Co. et al., No. 12-729 (S. Ct. Dec. 16, 2013). A number of […]
HRIS Personnel Records Checklist The more questions to which you answer “yes,” the better your computer system is able to handle personnel records. Records maintained Do you have a computer system for the following personnel records: Yes No Beneficiaries of benefits plan? ❒ ❒ Cost of benefits plan? ❒ ❒ Date employees admitted into […]
What Are the Advantages of HRISs? One-stop shopping. One of the most frequently mentioned advantages of the HRIS is that you enter information only once for many HR-related employee tasks. And, similarly, you need to update only one place when employee information changes. Integration of data. Furthermore, different parts of the system can “talk to […]
‘Time for Traffic Problems’ It seems that one of New Jersey Governor Chris Christie’s top aides, Bridget Anne Kelly, sent an e-mail to a Christie appointee at the Port Authority of New York and New Jersey, said Oswald in a recent edition of The Oswald Letter. Kelly’s e-mail said, “Time for some traffic problems in […]
In Genesis Healthcare Corp. v. Symczyk, the U.S. Supreme Court ruled that, at least in this case, action by the employer to offer a settlement “mooted” the collection action, says Brinkerhoff. (A case is “moot” when the issue has been resolved, and the case is no longer “live.”) Brinkerhoff, who is an associate in the […]
FLSA litigation is heating up, and partly for that reason, it’s low-hanging fruit for plaintiffs’ attorneys. Brinkerhoff, who is an associate in the law firm Holland & Hart LLP in Las Vegas, offered tips on wage/hour compliance at the Advanced Employment Issues Symposium, held recently in Las Vegas. To add insult to injury, about 50 […]