The Golden Ratio for Choosing Compensation Software
This is our first entry in a four-piece series entitled Rethinking Compensation’s Role in the HR Suite. This article is about the Golden Ratio of Compensation and why organizations should consider it when shopping for an HR software suite.
Why Compensation Professionals Still Love Excel
Why Compensation Professionals Still Love Excel by David Creelman It’s popular and easy to criticize Excel. Spreadsheets are prone to human errors, labor intensive, and difficult to use...
How to Deal with Wage Inflation in an Unstable Environment
How to deal with wage inflation in an unstable environment By David Creelman Many organizations are finding it challenging to hire the workers they need in today’s inflationary economy. This puts...
Equity or Fairness?
This is an article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. You can catch up on our previous discussions by clicking...
How Compensation Managers Should Approach Automation
This is an article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about compensation automation. You can...
A Risk Management View of Incentive Plans
This is the sixth article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about risk management in...
Does Your Salary Adjustment Letter Look Like a Lawyer Wrote It?
This is the fifth article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about salary adjustment letters....
The Truth About Paying Remote Workers
This is the fourth article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about paying remote workers. To...
How Inflation Can Make Compensation Planning Easier
This is the third article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about inflation and compensation...
New Mexico Supreme Court: Compensation Caps on Workers With Mental Impairments Unconstitutional.
COMP NEWS - The New Mexico Supreme Court has struck down a law that allowed employers to pay less workers' compensation to employees who suffered from mental impairments. SANTA FE, N.M. — The New Mexico Supreme Court ruled the caps on workers’ compensation for...
California Fast-Food Workers Will Now Get $20 Minimum Wage
COMP NEWS - California fast-food workers will start making $20 an hour this week, as a new state minimum wage edict officially goes into effect. California fast-food workers cooking Big Macs or whipping Frappuccinos will start making a minimum wage of $20 an hour on...
Amazon Withholding Cash Bonuses From Senior Workers This Year
COMP NEWS - Amazon is slashing cash bonuses from its senior workers this year, a move sure to anger long-time employees who are used to the generous bonuses. Amazon’s senior managers and other senior leaders won’t receive cash pay raises this year, Fortune has...
Employers Aren’t Offering Women the Benefits They Want
COMP NEWS - New data regarding preferred employee benefits is shining a light on an area of dissatisfaction; women in the workplace feel like their employers don't offer the benefits they actually want. It’s not enough to offer employee benefits. Companies must...
Survey: Nearly Half of Managers Want to Replace Workers with AI
COMP NEWS - A new survey indicates that nearly half of managers want to use AI to replace workers. A report by Beautiful.ai, which makes AI-powered presentation software, surveyed over 3,000 managers about AI tools in the workplace, how they're being implemented, and...
California Congress Fights Over Fast Food Wage Standards
COMP NEWS - A proposed minimum wage hike for California fast food employees is under renewed tensions as the deadline for the proposed wage hike grows closer. Both sides billed the high-profile California fast food deal last year as a resolution to two years of...
28% of Canadian Employers Anticipate Higher Employee Turnover in 2024
COMP NEWS - Nearly one-third of Canadian employers anticipate higher employee turnover this year, according to a new survey. More than a quarter (28 per cent) of Canadian employers say they’re expecting increased employee turnover this year, according to a new survey...
Survey: Employers Prioritize Holistic Wellness Over Price When It Comes to Employee Benefits
COMP NEWS - Employees are prioritizing the quality and value of holistic wellness in their benefits of packages over the price of those benefits, according to a new survey. CHICAGO, March 06, 2024 (GLOBE NEWSWIRE) -- Low unemployment, shifting employee priorities and...
US Salaries are Falling, But Employers Aren’t Worried.
COMP NEWS - Salaries for new roles in the US job market are stagnating or even declining as employers tighten their belts in what some call a "post-pandemic correction." Salaries for new roles are stagnating – and in some cases, falling. Some employers may be looking...
Britain’s Tesco Gives Store Workers a 9.1% Pay Bump
COMP NEWS - Britain's largest retailer is giving its workers a 9.1% pay bump after striking a deal with the USDAW shopworkers' union. LONDON, March 5 (Reuters) - Tesco (TSCO.L), Britain's biggest retailer, said on Tuesday it would raise store workers' hourly pay by...
Is the 32-Hour Workweek the Future of Work?
COMP NEWS - One California congressman has submitted legislation to standardize the 32-hour workweek, as efforts surrounding the movement continue to grow. The four-day workweek is as buzzy as ever, and one California Congressman wants to make it federal law. Rep....
Veterinary Study: High Employee Retention Comes From Fair Pay, Appreciation For Work
COMP NEWS - Nearly one in four veterinary team members leave their current role each year, prompting discussions among animal care organizations about how to retain key talent year after year. The average annual turnover rate among veterinary team members is 23% and...
Employer-Provided Health Plans Generate Higher ROI for Companies, Employees
COMP NEWS - A new study found that employers with more than 100 workers saw a sizable ROI for offering health coverage - nearly 50% in many cases, with that number expected to jump over the next few years. More than half of all Americans – over 180 million hardworking...
NFL is Increasing Salary Caps for Teams to Help Accrue Talent
COMP NEWS - The NFL recently announced their their official salary cap figure is increasing from $224.8 million $255.4 million - a 13% increase. The NFL offseason is officially underway, as the combine takes place this week, while free agency begins in two weeks....
