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February 2010
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Features
Corporate Directors Sound Off on Executive Pay
By Edward E. Lawler III
When it comes to the executive compensation debate, corporate directors are at ground zero because they decide how and how much executives should be paid. Yet relatively little has been heard from them. A recent survey sheds light on their opinions about whether executive compensation is appropriate in its form and amount.
Performance-Related Pay in the Context of the Global Economic Crisis
By Pat Gurren
Performance-related pay has taken a beating lately, in part due to excessive risk taking within the financial services sector. However, as companies start to emerge from the recession, performance-related pay will become more important than ever — as long as it’s done right. Learn the key approaches to performance-related pay that organizations are adopting in order to navigate through the impact of the global economic crisis.
Making Competitive Posture Work in Your Reward Strategy
By Robert J. Greene
How an organization positions its pay structure and pay rates relative to prevailing market levels — its competitive posture — is a critical element of its rewards strategy. In developing such a posture, it is important to properly define the market, determine prevailing market levels and decide what is included in the definition of pay.
Examining Hidden 401(k) Fees
By Charles Massimo
401(k) and 403(b) plans have become a staple in many employee benefits packages. Yet they come with a risk: hidden fees that significantly deplete a plan’s balance without the account holder even knowing. It is essential that HR professionals understand not only hidden fees, but also the laws and remedies regarding them.
Still Going Strong: Employee Stock Purchase Plans
By Corey Rosen and Emily Cervino
Although some expected employee stock purchase plans (ESPPs) to either be discontinued or restructured to offer little benefit, a recent survey shows the opposite. Using the survey, this article explores key statistics, trends and lessons related to ESPPs so businesses can see how ESPPs offer a welcome and attractive alternative to other forms of employee compensation.
ESPPs Defined
Navigating Automated Talent Management Systems
By Sean Conrad
Automated talent management systems can improve employee performance and organizational alignment, increase employee satisfaction and engagement, and give HR the time and data it needs to more strategically manage the workforce. This article provides some best practices for justifying, selecting and implementing such systems.
Sportservice Hits Grand Slam with Employee Recognition Program
By Jim Wahl
Recognizing and incenting seasonal and part-time employees can be a challenge. At one professional baseball stadium, a company devised a program with tangible rewards — coins — that can be used in company raffles. Among the results of the successful program was the property’s highest “secret shopper” score.
How Voluntary Benefits Can Bolster Your Employees’ Financial Security
By Randy Horn
The difficult economic times have forced most employers to make decisions that cut into employee benefits, be it reduction or elimination of some coverage, increased employee contributions or bigger co-pays and deductibles. Have you considered offering voluntary benefits so employees can supplement coverage to better address their individual needs? Doing so can help make your employees feel more secure — and satisfied with their jobs — during these financially uncertain times.
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