Proposed 2015 DOL Overtime Rule Changes: Primary Duty Test

HR Bartender

As you know, on July 6, 2015, the U.S. The dollars to defend the litigation have to come from somewhere so a potential adverse consequence of a major change in this area is that employers may need to reserve for litigation money that had been reserved for its employees in terms of compensation and benefits. Here’s what #HR needs to know about the proposed 2015 overtime rule changes Click To Tweet.

5 Steps For Compensation Across Generations

ClearCompany HRM

As such, compensating the college grad and the executive, and everyone in between means taking on few different steps in the process. Here’s how to distribute employee compensation fairly across the board: Culture EmploymentPeople of all ages and from all generations spend their days working. From the very beginning stages of a career to the golden days nearing retirement, (most) people work for a living. They may work the same, but they’re at different steps in their lives.

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Proposed 2015 DOL Overtime Rule Change: What #HR Needs to Know

HR Bartender

On July 6, 2015, the U.S. Why should employers care about the proposed changes to highly compensated employees (HCE)? Jonathan] It is important to remember the highly compensated employee is not a separate exemption. Instead, if an employee is a highly compensated employee, under the current regulations, it is easier for him or her to meet the primary duty test. Currently, the minimum salary for a highly compensated employee is $100,000 / year.

ICYMI: What Went Down on the First Day of Convergence 2015

Cornerstone On Demand

— Kristen Casalenuovo (@elearninghustle) May 13, 2015. — Sarah Brennan (@ImSoSarah) May 12, 2015. We also announced Cornerstone Insights yesterday, a predictive analytics tool, and several partners and clients shared how they're already mining data insights to improve recruitment, performance, retention and compensation. — Future Knowledge (@FutureKnowledge) May 12, 2015. — Sean Clifford (@HCM_Chicago) May 12, 2015.

Top 3 Compensation Considerations for Employers

ClearCompany HRM

Payroll is commonly the highest business expense, and compensation is far from being a cut and dry number. Compensation There are so many factors that go into calculating the actual cost of each and every employee. So, that $30,000 salary might be more in the realm of $44,000+ in total costs to the organization. As the highest and most impactful expense in business, it’s vital for leaders to have a true understanding of the real price tag on your workforce.

Why the Pay-for-Performance Compensation Strategy Fails

ClearCompany HRM

Tips Strategy Employment Workplace Compensation HR Emplyee RetentionWhen a market leader implements a model , others follow. After seeing how pay-for-performance has worked out at Apple, for example, other companies may want to follow suit. Pay-for-performance in particular is a tempting model because it promises maximum pay for minimum investment. You’d pay for good work, and not pay for bad work.

The 2015 WorkHuman Fellowship Essay Contest

WorkHuman

We are excited to announce the WorkHuman 2015 Fellowship and Essay Contest. Three essay writers from North American universities will be chosen as our WorkHuman Fellows, and flown to WorkHuman 2015 to live-blog the event. ENTER TO WIN A WORKHUMAN 2015 FELLOWSHIP. Essay Contest Deadline: May 20, 2015. We will choose three essay contest winners to join us from June 8-10 at WorkHuman 2015 in Orlando, as our WorkHuman 2015 Fellows. ET on May 20, 2015.

Employee Compensation Challenges: Determining What to Offer

UpstartHR

Recently I asked for some help in preparing for a local session on employee compensation challenges. I would encourage companies to avoid using free, unverified tools like salary.com for building compensation structures. In addition, I discuss the importance of having an overarching compensation strategy to drive decisions from a high level. Employee compensation challenges video. Is this an employee compensation issue that you face? Video Benefits Compensatio

HR Compensation Challenges: Getting Managers On Board

UpstartHR

Recently I asked for some help in preparing for a local session on HR compensation challenges. The second most cited HR compensation challenge faced is how to keep managers in line and/or get managers on board with decisions. A few ideas: Do you have a written compensation policy or process? Also, it helps to explain the structure/process because not all managers understand how compensation “works.” Is this an employee compensation issue that you face?

Using Deferred Compensation to Pay for Performance

Something Different

managers today 1 , so instead I wanted to share this great WorldatWork video focusing on the benefits and drawbacks of using deferred compensation to pay for performance. Compensation hr human resources<abstracta.us> …So I don’t quite have the energy to finish up part II of my article on great 1. The past two days have been all-time exhausting.

Compensation Cafe: Influencer Networks

RecognizeThis!

Click over to my post on Compensation Cafe to read more about these powerful networks, including how to find them, prepare them, and use them to best advantage to achieve the change you need. Culture Management Culture of Appreciation Social Recognition change change agents change management compensation cafe employee recognition by Derek Irvine. Recognize This! — The most powerful agents for change in your organization are your hidden influencers.

Indirect Compensation

New to HR

While compensation exists to pay a person for their time, the benefits of doing their job, namely the financial ones, will be what attracts them and motivates them to do well for your company. What is Indirect Compensation? Indirect compensation is the name given to the more casual term " employee benefits ". The Advantages of Indirect Compensation. The post Indirect Compensation appeared first on New To HR. How to Attract, Recognise and Retain Workers.?

Compensation Cafe: 6-Hour Work Day?

RecognizeThis!

I shared more in my post on today on Compensation Cafe , discussing companies who have achieved the six-hour workday by eliminating busy work, reducing distractions, and making sure the most important work gets done first. (Of by Derek Irvine. Recognize This! — We can achieve more efficient, effective work days by eliminating the busy, mundane and unnecessary. It seems we’ve been promised shorter work days due to ever more efficient systems and technologies for decades.

Will Compensation Remain Stagnant or Grow for 2015?

Compensation Today

percent growth year over year as of the third quarter of 2015. The question remains, will compensation increases remain slow to no-go for the remaining quarter of the year? The Society for Human Resource Management (SHRM) predicted a year ago that there would be a 3 percent increase in compensation for 2015, based on workforce data at that time. per hour on wages and benefits for each of their workers in March [2015]”. Tess C.

Turbocharge Your HR Impact in 2015: Follow These 5 Clear Cut Steps

Visier

When I think of HR’s role in 2015, the turbocharger comes to mind. A strong talent function increases the power of a business engine — and 2015 is going to see extreme operating conditions for organizations worldwide. And if the impacts of the recent oil price crash are any indication, 2015 is going to be one heck of a roller-coaster ride. But if you follow the 5 steps in this post, you can cut through the competing priorities in 2015 and gain clarity.

Visier 163

Employee Compensation–What is Your Biggest Frustration?

UpstartHR

The post Employee Compensation–What is Your Biggest Frustration? I’m doing a short, two question survey to help me prepare for a presentation I’m doing in February. If you take 2 minutes to respond I’ll send you a copy of the slides and a video discussing the topic. Click here to complete the 2-question survey. appeared first on upstartHR. General Research

Compensation Cafe: Fair Pay, Differentiated Rewards

RecognizeThis!

I intentionally stirred the compensation and recognition pot in my last post on Compensation Cafe. Performance Management Strategic Recognition & Company Values compensation compensation cafe meric increase merit budgets recognition rewards by Derek Irvine. Recognize This! — Differentiating recognition and rewards for top performers is critical while still allowing for all to participate in the opportunity to be recognized for work well done.

Compensation Planning Automation

HRsoft

Compensation planning plays a pivotal role in ensuring that your employees remain motivated to work for your company. Your best performers are always looking for the next best company where their talents can be better recognized and compensated for. A good compensation plan not only rewards them adequately for their performance, but also lets them know that your organization is the best place for them to continue shining. Traditional Compensation Planning.

Compensation Cafe: Power of Positivity at Work

RecognizeThis!

This week on Compensation Cafe I shared research out of the University of Michigan on how “positive practices benefit the company.” Click over to the Compensation Cafe post for the full picture… and be inspired, too. (A A reminder to join me at WorkHuman 2015 in Orlando, FL, June 9-10, to learn more about the power of thanks, positivity and connections at work and in all aspects of life. by Derek Irvine. Recognize This!

Compensation Cafe: An Argument for Unfair Pay

RecognizeThis!

Laszlo Bock, legendary SVP of people operations at Google, advocates for it as part of his “10 things to transform your team and your workplace,” which was my topic of discussion earlier this week on Compensation Cafe. On Compensation Cafe, I also draw attention to another tip that takes first place on Mr. Bock’s list – “Give your work meaning.” by Derek Irvine. Recognize This!

Compensation Cafe: Millennials on the Market

RecognizeThis!

” Yesterday on Compensation Cafe , I shared a recent study from the Federal Reserve Bank of New York (reported in the Washington Post), that shows how much you earn in the first 10 years of your career is a primary factor in determining your lifetime earnings. Are we compensating them commensurate with their increasing duties? by Derek Irvine. Recognize This! — Career advancement can be perceived as only possible by changing organizations.

A Few Thoughts on Nonqualified Deferred Compensation Plans

Something Different

<www.financialsamurai.com> …So in my (seemingly never-ending) quest to learn everything I can about employer sponsored non-annuity based savings vehicles, I have spent a lot of time reading about nonqualified deferred compensation plans.

Compensation Cafe: What Irrational Humans Get Right

RecognizeThis!

I mention this today to point you to my post on Compensation Cafe where I unpack a powerful statement made by Harvard Business school professor Francesca Gino in a recent Harvard Business Review article. Check out the full Compensation Cafe post for more. by Derek Irvine. Recognize This! — By giving away to others, we reap far more for ourselves. Did you know humans are irrational? Shocking, I know. Seriously, a book I enjoy is Dan Ariely’s Predictably Irrational.).

Compensation Cafe: Why Friends at Work Matter

RecognizeThis!

I couldn’t say everything I wanted to about the importance of friends at work in my post on this blog last week , so I continued the theme today on the Compensation Cafe blog. As I conclude on Compensation Cafe: “Recognition, as a key component of Total Rewards, is a powerful, positive way of strengthening ties between employees. ” Read the full post on Compensation Cafe , then tell me: How does your organization support friendships at work? by Derek Irvine.

Top 10 Blog Posts of 2015

WorkHuman

More than ever before, 2015 showed us how important purpose, appreciation, and respect is for employee well being and business success—and how social recognition can help get us there. This Q&A with Claire Gray, senior director of global compensation at Cisco Systems, gives a real world example of social recognition at work in a large, global company—including results of the program, its impact on culture, and how the program will evolve to meet new business needs.

Study 81

Compensation Cafe: Top 5 Reasons for Bad Days at Work

RecognizeThis!

As I say in my post on Compensation Cafe: “The ROI factor involved in reducing the number of “bad days” experienced by employees is not insignificant. by Derek Irvine. Recognize This! — Bad days at work are inevitable, but can be reduced and impact lessened through support, recognition and positivity. In my C ompensation Cafe post earlier this week, I shared the results of a global employee survey conducted by Woohoo, Inc.,

Compensation Will Be Just Fine Without Your Dysfunctional Performance Appraisals

TLNT: The Business of HR

Compensation Compensation & Benefits Evaluations, Reviews & Appraisal HR Insights HR Management Incentives Pay for Performance Performance & Personality Performance Management Retention & Engagement Talent Management FeaturedI have been calling for the death of traditional, scored performance appraisals for a long time.

Navigating Clawback Provisions in Compensation Plans

Decusoft

This provision became a tool for controlling employee compensation and preventing fraud in executive officers after 2008. . In the meantime, most organizations’ compensation committees and sound corporate planning strategies have put in place policies to prevent this.

Compensation Cafe: Instead of Employee of the Month…

RecognizeThis!

My post this week on Compensation Cafe was inspired by the HR Capitalist, Kris Dunn. Read the full Compensation Cafe post for more on my two ideas for what to do about tired Employee of the Month programs: Get rid of them. by Derek Irvine. Recognize This! – Employee of the Month programs don’t deliver the recognition employees deserve. In his blog, he shared a couple ideas to revitalize “lame” Employee of the Month programs and asked for more ideas.

Compensation Cafe: A Paycheck Is Not Recognition for a Job Well Done

RecognizeThis!

— Psychologically healthy employees require appropriate compensation and praise for their efforts. It’s the classic discussion of the difference between compensation and recognition, which was the top of my most recent post on Compensation Cafe. Employee Motivation Measuring Recognition & ROI Social Recognition Strategic Recognition & Company Values compensation compensation cafe employee recognition Maslow''s Heirarchy pay by Derek Irvine.

Compensation Trends Driving Recruitment and Retention in 2015

Paychex

Compensation is often critical to attracting, retaining, and rewarding high-performing employees. Here's a closer look at some of the top trends that are influencing employee compensation in 2015

Compensation Cafe: Keeping Top Employees in an Era of Disappearing Raises

RecognizeThis!

Without directly intending it, my last two posts on Compensation Cafe addressed how to keep and reward your top performers in a compensation world where raises seem to be disappearing. Read both posts in full, then come back here and tell me, what is the best way to compensate, reward and recognize people of all skill levels and contribution histories? Bonus & Incentives Social Recognition compensation cafe merit increases raisesby Derek Irvine. Recognize This!

Total Compensation Definition: Understanding Compensation Communication

HRsoft

Digging deeper, the survey also found this: 66% of respondents feel that they are not being adequately compensated and do believe that basic pay is something that drives their decision to quit or stay. What is Total Compensation? But there is so much more to the concept of compensation than mere dollars and awards. This is where a Compensation Software emerges as a valuable and effective tool.

9 Compensation Mistakes that Will Hurt your Company

BambooHR

The post 9 Compensation Mistakes that Will Hurt your Company appeared first on BambooHR Blog. compensation General HR compensation plan mistakes open workplace pay raises transparencyPeople care about pay. Regardless of what they say, they do. It’s probably not the most important part of their job or the deciding factor when choosing a company or deciding to quit, but it does matters. Pay also matters to your company.

Compensation Cafe: Why Work Is More than a Paycheck

RecognizeThis!

My last two posts on Compensation Cafe addressed different aspects of this truism. Trust & Respect Top Drivers of Employer Reputation (30 June 2015). with the Power of Thanks (9 July 2015). by Derek Irvine. Recognize This! — Work can and should be more than a means to a paycheck. The benefits to us as individuals accrete exponentially with such an outlook.

Compensation Cafe: Rethinking Mental Health Days in a WorkHuman World

RecognizeThis!

The topic of my post today on Compensation Cafe , the survey found a top reason for taking a fake sick day was simply feeling overwhelmed at work. In the Compensation Cafe post, I dive into how we can help overcome these dual challenges and encourage employees to take the time they need to rejuvenate or recuperate as the case may be. by Derek Irvine. Recognize This! — Supporting employees’ needs to rejuvenate or recuperate is an important aspect of how we can WorkHuman.

Life Cycles and Compensation

Compensation Cafe

Compensation programs need to adapt to these different stages as companies grow and evolve. For example, compensation plans needed for start-ups are very different compared to those needed for mature companies. Let’s see how the various stages impact compensation. . Compensation : Salaries are limited as companies are not flush with cash. There is no formal compensation program. Decisions on compensation-related issues are handled in a discretionary manner.