Compensation In The Real World

Compensation Cafe

I once supervised a Compensation Analyst who had spent much time attending professional seminars and workshops. One result of that education was that when faced with a challenge at work she would repeat her class experience by saying, “the greatest minds in Compensation say that. “.

Employee Benefits and Compensation: Navigating Open Enrollment

Employee Communications Council

Open Enrollment is in full swing and if you’re a small business owner with the ability to offer employees benefits and compensation packages, you’re probably already hearing all about it. Hold teaching moments and seminars if you have to. Employee Benefits & Compensation

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Suppressing Excessive Compensation

Compensation Cafe

Some giants in the compensation consulting community have spoken out in the past, motivated by a sincere sense of guilt for encouraging the tremendously disproportionate top executive pay that resulted from their prior yeoman work enabling unreasonable compensation.

Sisyphusian Compensation Principles

Compensation Cafe

One of the most ubiquitous principles in compensation is inherent in the term itself. and Canada, he’s pretty much been there done that (articles, books, speeches, seminars, radio/TV, advisory posts, in-trial expert witness stuff, etc.),

Nonessential Work Does Not Require Compensation

Compensation Cafe

Circuit Court of Appeals, which had found that the screenings were an integral part of the warehousing job done for the benefit of the employer and should be compensated. serves on the Advisory Board of the Compensation and Benefits Review and will express his opinion on almost anything.

How to Painlessly Communicate Employee Equity Compensation Programs

GuideSpark

More than ever before, tried-and-true equity compensation programs are proving to be a valuable tool to attract and engage new prospects and employees. A full 57% reported that they are more loyal to an employer that provides an equity compensation plan.

Moving In Reverse Towards the Future

Compensation Cafe

Even as tradecraft veterans increasingly endorse open transparency in reward systems and recommend robust communications about compensation as the desired best practice, the consensus actua l practice is moving away from that ideal. Confusion about compensation is spreading.

Employee Engagement: Use a Systemic Approach

HR Bartender

The Society for Human Resource Management (SHRM) invited me to sit in on their virtual Employee Engagement: Influencing Workplace Culture Seminar. This is the second SHRM virtual seminar I’ve taken. This seminar focused on developing an employee engagement strategy.

If Money Were the Solution.

Compensation Cafe

Compensation would merely be a matter of dispensing the right sums. and Canada, he’s pretty much been there done that (articles, books, speeches, seminars, radio/TV, advisory posts, in-trial expert witness stuff, etc.),

Cases to Watch Update: Liability for Payroll Records

HRWatchdog

During our annual Employment Law Update seminar road trip , we discussed several “cases to watch” in 2019. While this case has a happy ending for payroll companies, it reminds employers to make sure they are properly compensating employees and correctly tracking employees’ time.

Make Me Whole!

Compensation Cafe

Survivors stressed under the pressure of performing mashed-up hybrid functions might get "raises" paying them 115% of their old rate for doing 150% jobs; but the extra strain that save the enterprise $200,000 in eliminated payroll is not fully compensated by a single rare $15,000 raise (or bonus).

State Minimum Wage Increases for 2019 (Map)

HR Daily Advisor

Determining exactly what constitutes hours worked is essential in determining an employee’s compensation and compliance with both minimum wage and overtime requirements of the act. This broad definition of hours worked may require that an employee be compensated for time the employer does not otherwise consider working time, such as travel time, waiting time and certain meal, rest and sleep periods, and time the employee is required to spend in training, at seminars, or in meetings.

Why Pay Surveys Rarely Agree

Compensation Cafe

Most compensation surveys vary in rather consistent ways. What other observations about compensation surveys should be made? and Canada, he’s pretty much been there done that (articles, books, speeches, seminars, radio/TV, advisory posts, in-trial expert witness stuff, etc.),

Despite What the Pope Says, Proportional Pay is Still Not Required in the U.S.

TLNT: The Business of HR

Note that before Canada finalized its Bill of Rights, they sent analysts to attend American compensation seminars on pay equity. How many compensation pros can fix this problem?

Pay Compression is Irrelevant Sometimes

Compensation Cafe

People new to the compensation profession and unfamiliar with the implications of broader human resource management principles frequently assume there must be some kind of standard formula that governs the amount by which the pay of bosses should exceed that of the people who report directly to them.

Financial Wellness Is More Than “Nice to Have” in Today’s Environment

TLNT: The Business of HR

What if Sue and her husband had attended financial planning seminars that had delved into how to be prepared for unexpected medical costs? It used to be that only the C-Suite got financial planning support as part of their compensation.

Promotions Are Rewards Too

Compensation Cafe

Psychic income, whether intrinsic or extrinsic in origin, should count as compensation, anyway, since it is part of the employee value proposition. Past experience with compensation outcomes showed the way to a superior future for the employees, the company and the community they served.

When Is Training A Bad Idea?

Compensation Cafe

The common format is usually classroom sessions, but the effort could also include seminars, workshops and professional conferences. Likewise for attendance at workshops, seminars and conferences. Compensation Communication Compensation Philosophy Competencies

Take Five: Connecting Reward Practitioners & Research - #2 Employee Perspectives on Pay Communication, Fairness & Transparency

Compensation Cafe

Take Five is a new feature at the Compensation Cafe, in partnership with the Compensation & Benefits Review. Dr. Scott teaches graduate classes and seminars for business leaders on compensation, incentive pay, HR management, team performance and other leadership topics.

Will You Take Seasoning With That?

Compensation Cafe

What can make matters worse is the presumption from some in the newbie and wannabe crowd that, with just a seminar or classroom exercise behind them they're ready to advise senior management on competitive compensation realities and coming trends.

Incentives to Force Turnover and Change Culture

Compensation Cafe

Using compensation incentives to change the nature of an enterprise is not a new idea, but it is uncommon to see it attempted so openly. It will be fascinating to see the end results from the courageous experiment in using compensation incentives to affect behavioral transformation.

Walking Up a Descending Escalator & Other Crazy Pay Policies

Compensation Cafe

After many years in the compensation profession, I remain completely befuddled at the idiotic policies still blindly followed as “best practices” when they are merely popular mistakes continually repeated by a majority.

Justified Anti-Transparency Rules. When Your Past Pay is None of My Business

Compensation Cafe

Compensation Managers : For a change, government becomes your ally! Compensation need not engage in endless contentious battles with recruiters and powerful hiring managers. A new State law could (in this case, at least) shift the responsibility for compensation policy enforcement. It would make compensation administration much more important and a lot easier. .

Everything of Value Gets Taxed

Compensation Cafe

Luxury goods like expensive yachts and excessive executive compensation (over one million dollars a year) have fallen as easy prey to the tax collectors in the past. serves on the Advisory Board of the Compensation and Benefits Review and will express his opinion on almost anything.

Paying Employees for On-Call Time and Travel Time

FingerCheck

“The distinction between compensable and non-compensable waiting time under the FLSA is drawn this way: a worker who is ‘engaged to be waiting’ is entitled to compensation, while a worker who is ‘waiting to be engaged’ is not.

One Day At A Time

Compensation Cafe

How many of you have ever attended a compensation conference or seminar where the speaker inspired you? Or perhaps the perception was that the seminar was a boondoggle get-away and the boss doesn't take the subject matter seriously. Can I have a show of hands?

Hoping to boost benefits engagement, employers turn to new ally: AI

HRExecutive

BMW’s Frost agrees, saying that her department still holds seminars, fields questions and, overall, works to engage with employees. “I Benefits and Compensation Health & Benefits Leadership Conference News Health and Benefits Healthcare HR Leadership HR Technology Top Stories

Missing Participants Errors Now Top DOL, IRS Audit Focus, Nudging Out Late Payroll Deposits, Winston & Strawn Says

HR Daily Advisor

Then it reviewed agency seminars, speeches, and websites to boil down the particular plan audit issues that the DOL and IRS themselves identified most often among the top data requests. IRS) Definition of compensation. Benefits Compensation Administration DOL internal controls IRS Res

4 tips for effective change management 

PeopleStrategy

This is best accomplished by holding Q&A sessions, workshops and seminars that give employees both within and outside of HR the chance to express their concerns and opinions. For remote workers, webinars and live-streamed seminars can be very effective.

FedEx Delivers Back Pay

Compensation Cafe

Drivers were not provided pay for missed meals, rest periods, overtime compensation, etc.". What will happen to the compensation people who recommended this disastrous course of action? He also serves on the Advisory Board of the Compensation and Benefits Review.

Ask the Expert: Should Employee Be Paid for Enrolling in Benefits?

HR Daily Advisor

One of my clients has an employee who is requesting compensation for time spent enrolling in benefits using his/her personal time. Ask the Expert Benefits Compensation FLSA/Wages benefits FLSA hours worked overtime

Driving Financial Wellness For Employees

New to HR

Each program should directly correlate to the benefits offered by the company, so retirement planning advice should be tailored on the organization’s specific retirement package in order to make the sometimes complicated world of compensations as transparent as possible. Establish in-person advice sessions, seminars or online discussions that can bring the workforce together and provide a solid support network. Compensation & Benefits Job Satisfaction

Some and Others

Compensation Cafe

The disproportionate influence of “some” is quite important to compensation people. . The distance between first-rate and second-rate, for example, is clear by ordinal rank even though the interval scale remains unknown (that’s compensation talk). Some counts more than others.

What Your Employees Really Want [RESEARCH]

Reflektive

Nearly half of executives think employee growth and development is a challenge, and 40 percent of employees say they want leadership and professional development programs, such as coaching, seminars and workshops.

Employee Training: Why Companies Should Encourage Employees’ Self-Improvement

Semos Cloud

Hosting peer-to-peer workshops , seminars, and education meetings where teammates pass skills to one another and exchange experiences. . Some people might naturally lean to online courses, while others learn better from live seminars. Category. All, Best Practices.

Financial Wellness is Officially a Thing

China Gorman

What if Sue and her husband had attended financial planning seminars that had delved into how to be prepared for unexpected medical costs? It used to be that only the C-Suite got financial planning support as part of their compensation.

Reward by Showing Career Options

Compensation Cafe

and Canada, he’s pretty much been there done that (articles, books, speeches, seminars, radio/TV, advisory posts, in-trial expert witness stuff, etc.), serves on the Advisory Board of the Compensation and Benefits Review and will express his opinion on almost anything.

Cafe Classic: Balancing Comp 101 with the Workplace

Compensation Cafe

Editor's Note: There's technical compensation know-how and there's the real world in which we need to make pay work. I once supervised a Compensation Analyst who had learned her craft through professional seminars and workshops.

5 Ways To Attack The Pay Inequity Issue Head-On

SuccessFactors

Review the variance in compensation between males versus females. If these qualifications are in line, then you can conclude that females are compensated equitably.”. When variances do exist, Plunkett shares a few ways to take corrective action: salary increases, total cash compensation (not just base salary) and larger bonus payments. Kudos to those hosting and attending seminars like these. Look at the variance in compensation between males and females.

New Year, New Laws to Comply With

HRWatchdog

Learn about new laws on: Wage and hour, including minimum wage and overtime; Expanded discrimination and retaliation protections, including significant amendments to the Fair Pay Act; Leaves of absence, including new hire notification requirements; Background checks; Workers’ compensation; and.