How much should you be paying to attract and retain the best employees, based on your industry and location?
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Compensation.BLR.com Resource Centers are where our editors have gathered content on hot issues or events that may pertain to multiple HR & Compensation topics. These hubs allow you to find relevant information in one place.
The Latest Compensation White Papers
Friday, June 17, 2016
Loan defaults cause up to $10 billion of plan leakage per year, according to a Wharton/Vanguard study. So why not just eliminate the ability for participants to borrow from the plan?
Because some employees would simply not join the plan at all if they did not feel a degree of comfort that they could access their accounts in an emergency. What can employers do?
Wednesday, June 1, 2016
One key to solving the widespread problem of student loan debt may be in the boss’s hand. Traditional tuition reimbursement can help avoid debt in the first place. Meanwhile, some companies are utilizing a new benefit, student loan repayment. And now, evidence of ROI for such programs is becoming available.
Wednesday, May 18, 2016
Middle children, prepare yourselves. The following information may dredge up some painful emotions for you. As the forgotten, the overlooked—the Jan Bradys, if you will—you may particularly appreciate the following, especially if you were born between 1965 and 1980. That’s right, Generation X is another forgotten middle child.
Wednesday, May 4, 2016
The best-designed compensation plan won’t work as intended if people don’t understand it. Explaining and, in effect, selling the plan are necessary to motivate desired behaviors, asserts Joseph DiMisa, senior vice president of Sales Force Effectiveness at Sibson Consulting. To do that effectively, he says, compensation plan communication should include specific elements.
Wednesday, April 20, 2016
Known as a premium reimbursement arrangement, this consumerization model is nothing short of a complete turnover of the existing benefits landscape. No longer would employers be faced with administrative headaches and ever-increasing cost burdens. Instead, their involvement would be only in subsidizing part of the cost of benefits.
Budgeting for benefits becomes easier; employers simply choose an amount of money they can afford to pay employees toward the purchase of their benefits and contract with a company that can help communicate and administer the program. "Once the program is under way," Lindquist says, "the company’s HR office shouldn’t need to spend more than 5 minutes per month working on benefits."
Tuesday, April 5, 2016
PayScale’s latest study of compensation practices, the 2016 Compensation Best Practices Report, shows that many companies are rethinking traditional ways of handling pay. Their efforts seem to focus on retaining top performers rather than on recruiting, as in earlier years.
"We are in the midst of a sea change in the way companies think about compensation," said Mike Metzger, president and CEO at PayScale. "More employers realize the importance of adopting innovative approaches to pay in order to retain the people who are making the largest impact.
Friday, March 25, 2016
As healthcare costs continue to rise, many employers are trying out accounts that can help employees pay their out-of-pocket costs. There are several types available, although each share one critical feature—the ability for employees to pay their eligible medical expenses pretax. There are also some key differences. Here is information you can use to decide which reimbursement account best fits your company and your employees.
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