In an economy where compensation is increasingly driven by “pay-for-performance” strategies, executive pay is no different. According to the 2012 EAA National Executive Compensation Survey, base salary accounts for approximately 75% of the total compensation package in Northeast Ohio. In theory, by focusing on variable pay, such as bonuses and other short term incentives, organizations are able to more closely tie executive pay to performance. However, a new international report by PricewaterhouseCoopers suggests that for many of the executives surveyed, certain types of variable pay, namely those associated with high levels of uncertainty, may not be an ideal driver of performance.
4 Reasons Your Supervisors Aren’t Effective: Training a New Supervisor
There are many reasons why supervisors can be ineffective, including those that are directly under the control of your organization. Here are 4 of those reasons.
Employee Wellness Programs Flourish in Northeast Ohio
With the start of a new year often comes many health related resolutions and a chance for employees and employers alike to take a fresh look at their wellness both in and out of the workplace. Perhaps most common among these resolutions are those related to weight-loss and exercise, particularly in a workplace more and more focused on relatively sedentary “desk-jobs”. Conventional wisdom would suggest that when it comes to weight management, it is these employees that would struggle most to maintain a healthy, active lifestyle. However, a recent article published in the Plain Dealer, reports that employers may actually need to be more concerned about the wellness of a very different group of employees.
6 Q&As: Managing Flu Season in the Workplace
With flu season in our midst, many employers face challenges in managing sickness in the workplace. These challenges can include managing absenteeism, reducing or managing the prevalence of sickness in the workplace, supporting employees who must care for sick children, and in more rare cases, dealing with longer-term medical issues. Here is a Q&A guide on some of your most frequently asked questions related to these topics.
$20 Million in Training Grant Dollars Available to Ohio Companies
Update (1/10/13): As of January 10, 2013 over 400 applications have been submitted for the Ohio Incumbent Workforce Training Voucher Program. According to the Ohio Development Services Agency (formerly Ohio Department of Development), many more companies have begun applications. The Ohio Development Services Agency is still encouraging companies to apply for funding.
Occupational Outlook: A Snapshot of 2013
A recent article from Forbes.com, cited Software Developers, Accountants & Auditors, and Market Research Analysts as the three job categories with the “best” outlook for 2013. According to the report, these jobs have seen job growth rates since 2010 of 7%, 3%, and 10% respectively. In terms of the total number of positions that’s just under 140,000 individual jobs created among those top three categories, with half falling exclusively under the Software Developer category (including both systems and applications developers).
2013 HR Compliance Timeline
Due Date Compliance Requirement January 1, 2013 New tax provisions in fiscal cliff deal take effect January 1, 2013 Ohio Minimum Wage change takes effect January 1, 2013 Social Security and Medicare changes take effect January 1, 2013 New Fair Credit Reporting Act forms for background checks take effect January 1, 2013 New Medicare tax … Read more
Evolving Communication Methods in Inclement Weather
Despite the lack of winter weather here in Northeast Ohio thus far, earlier in 2012 Hurricane Sandy demonstrated that no matter what the temperature, communicating organizational closures or delays due to inclement weather in a timely and effective manner to employees is critical.
Re-thinking Healthy Resolutions
At one time or another, many of us have set a New Year’s Resolution regarding exercise or weight loss. If you walk into a fitness center in January, there is usually an influx of people who have resolved to “get in better shape” or “lose some weight” in the New Year.
6 Important Healthcare Reform Changes You Need to Know
Several important healthcare reform provisions will begin to take effect during 2013. Below is a short summary of the major healthcare provisions that will start to affect your business in early 2013 as well as resources you can access for more information.
Holiday Party Budgets Continue to Grow
The percentage of employers hosting holiday parties has hovered just under the 75% mark for several years now and 2012 is no different. What we do see is a resurgence in terms of the total budget allocation for both holiday parties and employee gifts. After a sharp decline in 2009, employers have consistently reported that they are budgeting at least as much, if not more, for both of these line items.
3-Step HR Guide for Year-End
The end of the year is a great time to review existing documents, systems and HR administrative practices. Here is a 3 step HR guide for year-end.
