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The current global economic environment means executives are thinking about reward program management in new ways, says consultant Tom McMullen. The good news is that Hay Group studies show human capital concerns rank number one. What’s the Deal with the ‘Regular Rate’? FThe bad news is that many organizations still find it hard to maintain […]
Increasingly, employers are less averse to withholding merit increases for poor performers so they can afford to grant meaningful increases to better performers, says Morning, who is president of Teri Morning Enterprises in Carmel, Indiana. Morning made her suggestions during a recent webinar sponsored by BLR®. What is Variable Performance Pay? Variable performance pay aligns […]
Thanks to all 3,804 participants! Here are the detailed survey results. How does your organization measure up? 2013 Holiday Season Thanksgiving When asked which days will be paid holidays for their employees at Thanksgiving in 2013, 95.5% of survey participants indicated that Thanksgiving Day will be a paid holiday. Additionally, 65.1% will provide […]
In yesterday’s Advisor, we presented examples for calculating the “regular rate” pay. Today, overtime with shift differentials and multiple rates of pay, plus an introduction to the guide especially for small or even one-person, HR departments. Example #3—Shift Differentials [Go here for examples 1 and 2] Employers must include shift differential pay when determining an […]
Here are some of the other important changes included in the final affirmative action rule: The incorporation of specific EO Clause language in subcontracts. In order to incorporate the equal opportunity (EO) clause by reference in subcontracts, contractors must include specific language spelled out in the new regulations. This language notifies subcontractors of their responsibilities […]
Last August, the OFCCP announced a final rule that makes significant changes to the regulations implementing the Vietnam Era Veterans’ Readjustment Assistance Act, or VEVRAA. VEVRAA prohibits employment discrimination against specified categories of veterans by federal government contractors and subcontractors. For a closer look at the new regulations and the implications for federal contractors, we […]
Please participate in our brief survey and see how what you are doing stacks up against what other successful companies are doing. We’ll get answers to these questions and more: What sources yield the best candidates? How is online recruiting working out? Which recruiting software works best? How much are you willing to negotiate salary […]
Goal Setting Goal setting is the most important and challenging aspect of annual and long-term incentive design, says Harris, who is Managing Director at Frederic W. Cook & Co. Harris was joined by Ron Miller, Head of Global Rewards, Mobility, M&A, E.I. du Pont de Nemours and Company, in a presentation at the WorldatWork Total […]
Harris, who is Managing Director at Frederic W. Cook & Co., was joined by Ron Miller, Head of Global Rewards, Mobility, M&A, E.I. du Pont de Nemours and Company, in a presentation at the WorldatWork Total Rewards Conference and Exhibition in Philadelphia. Elements of an Executive Compensation Program Element Importance Comment Compensation Strategy Medium Reflects […]
Oswald, CEO of BLR®, offered his takeaways from Remember the Titans in a recent edition of The Oswald Letter. Here’s what he says: The other night I walked in the door to find my youngest son watching the movie Remember the Titans. If you’re a regular reader of this column, you know I consider the […]