What’s an Employee Worth? Not Compensation! But Value?

Nobscot

HR professionals often discuss the cost of turnover. Some say that the cost is equal to 150% of the employee''s salary. The American Management Association uses the figure of 30% of salary. When I''m doing ROI calculations, I usually use a very conservative 25% so as not to oversell my case. But can you really come up with an average value of what an employee brings to a company based on their

Pay for performance doesn’t apply – to the boss

SuccessFactors

Over the weekend, the NYT (again) tackled the subject of top executive compensation. But this time, they added some cool charts and graphs to illustrate how utterly out of synch pay has become with corporate results. My favorite is this one which contrasts some of the worst offending companies (where pay went up when a company’s […]. Strategic HR Talent Management Thinking About HR

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

No, there aren’t any robots

SuccessFactors

Dubs has it right – there aren’t really any robots hiding in our software, manipulating our performance reviews and messing with your compensation – despite the word and its implications being bandied about recently. Just a way for managers to select from recommended text and then, ideally, customize it to the particular situation and employee […]. Talent Management Performance Evaluations SuccessFactors News

Walmart $1 Billion Investment Reaffirms Importance of Total Compensation

Compensation Today

By Tess Taylor, PayScale Senior Blogger and Mykkah Herner, PayScale Director of Compensation Everywhere you turn, there’s more news about big companies like Target, McDonald’s and TJ Maxx raising the minimum wage. Since 2006, wages have risen 7.5

The PayScale Index Q3 2016 – Steady Growth and a Few Happy Surprises

Compensation Today

We track quarterly changes in total cash compensation for: The United States. above what it was pre-recession in 2006. since 2006. since 2006. Every quarter, thousands of companies use The PayScale Index to stay updated on economic trends as they pertain to wages.

The Great Executive Pay Debate

Astron Solutions

In the 1970s, management theorist Peter Drucker suggested that top executive compensation should be 20 times the amount of the average worker’s pay. Executive compensation is a concern to many individuals, and has been for some time.

Top Industries with the Greatest Pay Increases Postrecession

HR Daily Advisor

with most of the growth taking place between 2006 and 2007. Compensation 2015 EMSIWage growth—or lack thereof—continues to be a major issue plaguing the U.S. market, but are some industries faring better than others?

Sample Reward Programs for Long-Term Employees

HRsoft

While many employers must enforce pay caps to take an economical approach to compensation, reward programs can be structured in a way that supports engagement and retention in this group. Blog Compensation Management Planning Compensation Management Software Long-Term Employees

PayScale Index: U.S. Wages Grow for 8th Consecutive Quarter

Compensation Today

percent lower than they were in 2006, so the price of goods is growing faster than most employees’ wages.”. Learn More About Our Compensation Software. percent growth since 2006. What is your organization’s plan for compensation this year? Wages in the U.S.

Paying Attention?

Compensation Cafe

It seems like we have some competing notions floating around, guiding our "cutting-edge" compensation decision-making. The most talked-about shift in compensation strategy in the last three or so years has been the allocation of resources to the "highest performers."

eBook 65

No Gender Pay Gap?

hrpockets

Recruiter A gets hired in 2006. A glaring reason is lack of a compensation strategy (though some companies strategy is to hire women because they will work harder for less money, but that’s not the kind of strategy I want to encourage).

Cafe Classic: Geographic Pay for Executives

Compensation Cafe

Location does make a difference, even in top executive compensation. 76, Oct 2006): pg. James (Jim) Brennan is an independent compensation advisor with extensive total rewards experience in most industries. A prolific writer (author of the Performance Management Workbook ), speaker and frequent expert witness in reasonable executive compensation court cases, Jim also serves on the Advisory Board of the Compensation and Benefits Review.

Equal Pay Act Case Gets New Life from 4th Circuit Court of Appeals

HR Daily Advisor

It is subject to the state personnel management system, a merit-based system that establishes job categories based on the general nature of required duties and sets corresponding levels of compensation. James Hurley was hired in November 2006.

Undocumented Workers are Entitled to Limited Workers’ Comp Benefits

HR Daily Advisor

It may come as a surprise to some employers, but undocumented workers who are injured on the job are entitled to workers’ compensation benefits, at least in New Mexico. The Workers’ Compensation Act (WCA) tries to compensate for that scenario.

CareerBuilder’s Forecast Looks Sunny for 2015 Jobseekers

HR Daily Advisor

More than one-third of employers expect to hire full-time, permanent employees in 2015, the best outlook from the survey since 2006. Compensation in 2014. Hiring & Recruiting best practices Compensation Information Technology survey

Promotions on the Rise

HRExecutive

This is according to a new survey titled “Promotional Guidelines” conducted by WorldatWork , a nonprofit human resources association and leading compensation authority based in Scottsdale, Ariz. WorldatWork conducted similar compensation practices surveys in 2012, 2010 and 2006. career development compensation HR profession retention rewards and recognition talent management

Looking to the Future for Total Rewards

HRExecutive

It’s been 15 years since the American Compensation Association changed its name to WorldatWork, reflecting the group’s decision to increase its footprint beyond the world of compensation and embrace a broader total-rewards approach.

Bigger Raises on the Way?

HRExecutive

compensation hiring HR profession retention The numbers have been awfully similar, and awfully stagnant, for some time now. Employees in the U.S.—those those lucky enough to get a raise—have been receiving, on average, something in the neighborhood of a 3 percent bump in pay each year.

DOL Pays Its Employees $7M to Settle Wage & Hour Claims

HR Daily Advisor

The American Federation of Government Employees (AFGE) Local 12 first filed a grievance on the workers’ behalf in 2006, alleging that they were forced to work off the clock and were not properly compensated for overtime hours. The U.S.

Another City Tackles Paid Sick Days

HRExecutive

According to the National Partnership for Women & Families , San Francisco became the first locality in the nation to guarantee access to earned paid sick days in 2006. benefits compensation employment law Family and Medical Leave Act health HR profession The Philadelphia City Council today is debating a hot-button topic with potential HR ramifications that may reach far beyond the city’s limits: whether to enact a paid sick days bill into law.

What Is the Pension Protection Act?

HR Daily Advisor

In 2006, the Pension Protection Act (PPA) was signed into law. Compensation benefits business PBGC PPA

Employee satisfaction at highest point in a decade, survey says

HR Morning

Other top contributors were: compensation/pay, overall benefits, job security, opportunities to use skills and abilities, and trust between employees and senior management. Compensation has increased in importance. How satisfied are your employees? .

DOL agrees to pay $7M to settle claim it didn’t pay OT to thousands of workers

HR Morning

In 2006, the union filed a collective action grievance against the agency, claiming employees were being forced to work overtime without being properly compensated. This included the failure to provide compensation for “off the clock” work and “induced overtime.”.

Happy Equal Pay Day!

HRExecutive

Elsewhere in cyberspace, there’s an interesting piece on CNN.com titled “One Way to Close the Pay Gap for Women,” written by Mary Ellen Carter, an associate professor of accounting with the Carroll School of Management at Boston College, whose research focus is executive compensation. Maxx, Home Goods and other apparel and home goods retailers) has hovered around 30% since 2006. boards of directors compensation diversity gender diversity HR profession

PayScale Index shows wilting wages for STEM jobs

Compensation Today

In fact, even with this decline, these jobs are still near the top for wage growth since 2006 (approximately 10 percent), due to remarkable growth for several years. Want to see the full compensation trend report?

Show them the money: Economy surges, but employee wages slow

Compensation Today

Responses from PayScale’s 2015 Compensation Best Practices Report ( CBPR) are in line with BLS reports. percent since 2006. Download PayScale’s 2015 Compensation Best Practices Report TODAY for more compensation and industry trends info

The SECURE Act is Here—See What It Could Mean for Your Business

Guideline

With the last major piece of retirement legislation occurring in 2006 (the Pension Protection Act that enabled participant auto-enrollment into 401(k) plans), our retirement system was in desperate need of some updates.

What Employers Need to Know About Employee Assistance Programs

Insperity

Hard costs can be measured objectively and include statistics such as employee health insurance claims, days off from work, worker’s compensation costs and on the job accidents. Seventy five percent of respondents in the 2010 SHRM Employee Benefits survey indicated that they provide EAPs to their employees, a figure that has been slowly and steadily increasing since 2006, when only 71 percent offered the benefit. Benefits and CompensationNo one exists in a vacuum.

Celebrate the 25th Birthday of Employee Engagement

Grovo HR

Here Come the Management Gurus: Vance, 2006 ( link ). Forget trying to come up with complex models of compensation the way Wall Street does. An idea as powerful as employee engagement seems like it should have been around forever.

Cafe Classic: Why Working Less Helps Us Work More

Compensation Cafe

How do we compensate people? Vastly oversimplifying (and discounting benefits entirely for the moment), we compensate people based on: Time worked. And that’s where our measures of what we compensate come back into the conversation.

Self-Actualization: Realizing Your Potential

Workplace Psychology

It is not merely performance but an attempt to do one’s best” (Bar-On, 2006, p. 2006). “For of all sad words of tongue or pen, The saddest are these: ‘It might have been!’” -John Greenleaf Whittier (1807-1892).

Good News—HR Wages Are on the Rise!

Compensation Today

Here’s a little more information about the PayScale Index: since 2006, PayScale has tracked quarterly compensation trends—including changes in total cash compensation for full-time, private industry employees in the United States.

There’s a metaphor for the $7 million that the DOL is paying to settle its own employees’ FLSA claims…

The Employer Handbook

Department of Labor has agreed to pay $7 million to settle a grievance, which Local 12 of the American Federation of Government Employees (AFGE), AFL-CIO filed back in 2006. Mr. Penn reports that the original 2006 grievance alleged that the DOL violated the Fair Labor Standards Act.

There’s a metaphor for the $7 million that the DOL is paying to settle its own employees’ FLSA claims…

The Employer Handbook

Department of Labor has agreed to pay $7 million to settle a grievance, which Local 12 of the American Federation of Government Employees (AFGE), AFL-CIO filed back in 2006. Mr. Penn reports that the original 2006 grievance alleged that the DOL violated the Fair Labor Standards Act.

Hiring outlook still strong despite rumors of recession

Business Management Daily

The total outlook score of +20% is the highest recorded since 2006. Setting compensation/negotiating salaries: 19%. Recent talk of a softening economy has done nothing to dampen employers’ enthusiasm for adding staff.

Crunch: The Game No Employee Wants to Play

Tsheets

Possibly the first prominent example of the outrage crunch has caused came in 2006. EA was soon wrapped up in a class-action lawsuit in which programmers demanded compensation for unpaid overtime. What every business can learn from unproductive ‘crunch’ practices in the gaming industry.

Self-Regard: Warts & All

Workplace Psychology

You can loop around and compensate for a known weakness. 2006). I’ve been thinking a lot about emotional intelligence and the Bar-On Model of Emotional-Social Intelligence.