HR TROLLS: Thinking Unemployment on Steroids Means You Have a Compensation Problem.

The HR Capitalist

On one of the big forums on Facebook, a HR Director posted about problems she was having recruiting for the Distribution Center she supported, and reported that she believed that part of the issue was that many candidates who would normally be under consideration were recipients of the $600 weekly employment benefit that's part of the COVID stimulus program. There's likely to be pain as a result of the benefit being reduced, and I don't take that lightly.

2020 112

“Compensation lowered; can I resign and collect Unemployment Benefits?”

Sklover Working Wisdom

If I refuse to work for the lowered salary and commissions, can I collect Unemployment Benefits? Answer: Dear Rob: Many, many people worldwide are having their compensation cut, and so I am receiving many questions like yours. Unemployment Benefits are provided to people who have either (a) lost their job without fault of their own, or (b) resigned with a truly good reason. P.S.: Applying for Unemployment Benefits can be confusing!

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Staff Development, Benefits & Compensation for Low-Wage Workers

Workology

Those working in these jobs make up a large portion of the workforce, so it is imperative that we think about them when creating staff development programs, compensation structures and benefits. The answer to how we better engage and develop our low-wage employees is a mix of compensation, benefits and staff development. Compensation & Benefits. If raising wages is not a possibility, consider improving your benefits offerings.

The Top 15 Companies in Compensation and Benefits

Evil HR Lady

A good job isn’t just about a good paycheck: benefits also matter. Indeed took a look at their data and crunched the numbers and came up with the 15 top rated companies according to pay and benefits. I find this list fascinating because it’s based on what people reported when they didn’t know it would be used to evaluate a company for compensation and benefits. To keep reading, click here: The Top 15 Companies in Compensation and Benefits.

Navigating Workers Compensation Claims After an Injury

Ms. Career Girl

The post Navigating Workers Compensation Claims After an Injury appeared first on Ms. While you should do what you can to avoid injury, it would be in your best interest to know about the workers compensation process before the injury occurs. The sooner you file, the sooner you will receive your workers compensation benefits. File the Workers Compensation Claim. In South Carolina that organization is the Workers’ Compensation Commission.

Workers Compensation Bureau and Resources by State

Workology

Workers Compensation Definition. Workers compensation is defined as a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee’s right to sue his or her employer for the tort of negligence. Because Workers Compensation are state programs, they are unique and specific to each and every state. List of Bureau of Workers Compensation Resources by State.

Tips for Talking About Compensation

Workology

Even HR professionals cringe at the thought of discussing compensation with employees, be they long-term employees or new hires. Still, having “the talk” about compensation doesn’t have to turn into a whirlwind of chaos. Here are a few tips for easier conversations about compensation in the workplace. PayScale’s compensation software can help you determine salary ranges or create an employee report when compensation questions come up. HR compensation

Making Sure Your Compensation Is Fair

Evil HR Lady

At both small businesses and large companies, employee compensation should always be top of mind. Therefore, it’s important for companies to regularly evaluate compensation packages (to determine the best fit) and educate employees on their value. In this article, we’ll explain how organizations can know they’re offering salaries and benefits that are attractive to prospective team members—and fair to current ones—and adequately inform the workforce about offerings.

How To Know If Your Defined-Benefit Pension Plan Is In Trouble.

The HR Capitalist

Here's how you know: You know your pension plan is in trouble when your company announces they're freezing pension benefits, IN THE MIDDLE OF THE BIGGEST ECONOMIC EXPANSION IN HISTORY. GE’s traditional pension and post-employment benefits programs, which were underfunded by $27 billion as of the end of 2018, are one of the company’s biggest liabilities. Benefits Compensation Employee RelationsI'm not an expert on pension plan funding.

2019 103

The Need for and Appeal of Better Compensation

WorkArrow

Few things, however, are as critical when searching for a job than that of compensation. Compensation, in the form of salary, bonuses and benefits, is [.]. Salary CompensationWhen it comes to finding a job, there are many things to consider, from the hours to the prospects of the company to how you get along with the boss.

4 Types of Compensation You May Be Owed from Your Company

Career Alley

When a person is employed by a company, they are almost always entitled to some sort of compensation from the employer according to employment laws. This usually takes the form of financial compensation, unless the employee is an unpaid intern. However, in addition to these wages, there are other forms of compensation that you may be owed by your company. Varieties of Financial Compensation. Compensation Conundrum – When You Should Compromise on Compensation.

Long Term Incentive Compensation: 10 Basic Concepts

Sklover Working Wisdom

Frankly, we expected that Kathy, as a Human Resources professional, would have – or should have – known about the basic mechanisms of her long-term incentive compensation. Nor are the problems derived from Benefits and Compensation failing to provide our clients with all necessary calculations. Let’s take a few minutes to make sure you understand the basic concepts of long-term incentive compensation: 1. “Gold without wisdom is but clay.” . Slovakian Proverb.

“Employer’s Sole Discretion” in Contracts, Handbooks and Compensation Plans: Six Strong Arguments to Defeat It

Sklover Working Wisdom

On this basis, Brandon felt confident he would achieve an overall increase in compensation. The company Bonus Plan provided that any issues as to eligibility, entitlement or calculation of bonuses would be “determined with finality by the Company Compensation Committee in its sole and absolute discretion.”. Brandon’s attorney helped him appeal these decisions to the Company Compensation Committee. “Everyone is entitled to their own opinion.

“Can my employer simply reduce compensation promised in my offer letter?”

Sklover Working Wisdom

On the “Letter of Intent” offer that I signed it clearly says under “compensation” that I get the cell phone allowance of $80 per month. So, it is entirely legal for an employer to change the terms of compensation or benefits at any time, as your employer has done. Remember, though, that in times of economic prosperity, many employees insisted on raises, better benefits, and the like, and that such times may come back again and, of course, hopefully that will be soon.

Should I Ask About Benefits During an Interview?

Career Alley

You’ve got a list in your head of everything you’ll do: Smile, sit up straight, highlight your strengths and… ask about salary and benefits? Because benefits can comprise up to 30 percent of your compensation, and because your salary is also extremely important (nobody wants to work for free), it might seem pertinent in your first interview with a prospective employer to ask about health care benefits and salary. more – What is the right compensation?

2014 257

The Compensation Quandry. How HR Asks for a Raise.

Workology

And yet our department is often responsible for compensation of the entire organization, merit increases, and often the evaluation and employee talent process. Our profession touches almost every part of the organization from compensation to OD to IT even to the effectiveness of your sales team. Human Capital Cost = Pay + Benefits + Contingent Labor Cost / Full Time Equivalents. If so, you’ve made a case for “The Compensation Quandary and How HR Ask for a Raise.”.

10 Tax-Free Fringe Benefits (i.e., “Perks”)

Sklover Working Wisdom

Instead, many employers are offering tax-free fringe benefits (“perquisites,” or more commonly, “perks,” for short.), instead, either by offering them to certain individuals who are deemed particularly deserving of them, or to all employees in a structured fringe benefit plan. Indeed, the amount of tax-free benefit under several of these benefits changes from year to year.) At $365 a month, that comes to a potential tax-free benefit of $4,380 a year.

Should I Ask About Benefits During an Interview?

Career Alley

You’ve got a list in your head of everything you’ll do: Smile, sit up straight, highlight your strengths and… ask about salary and benefits? Because benefits can comprise up to 30 percent of your compensation, and because your salary is also extremely important (nobody wants to work for free), it might seem pertinent in your first interview with a prospective employer to ask about health care benefits and salary. more – What is the right compensation?

“Can my employer reduce benefits without any limit?”

Sklover Working Wisdom

These benefits were part of the reason I took this job. Regarding employers and employees, and employment benefits, this is how it goes: 1. In the past, employers provided benefits primarily to attract and retain valuable employees; more recently, benefits are being reduced nearly everywhere. To attract and retain workers, employers had to compete with each other by offering such things as “side benefits.”.

Why Intern Benefits that Are Better than Real Money

Workology

Certainly no one is opposed to getting paid and an hourly wage is an important part of any i ntern compensation , but it is worth noting that there are other forms of benefits that you can offer that are far more valuable than money in most interns’ eyes. Intern Benefits Offered by Every Fortune 500 Company. Five Internship Benefits Offered by the Most Innovative Companies. Fortunately the best intern benefits rarely cost a lot of money.

Great Benefits to Attract Workers

Corn on the Job

You can even persuade people to leave a company and come to yours with the offer of a larger compensation. On top of salary, people want to have amazing benefits when working. Offer health insurance coverage with exceptional benefits that the workers can keep for a while after they have left the company. One of the biggest things a company has to do is to attract workers. Every industry faces a question of how to attract the best workers to them.

2020 47

Unknown Job Benefits and Perks – Are You Missing Out on Any?

Sklover Working Wisdom

“ Once you get that two-way energy thing going, everyone benefits hugely.”. So employers came up with the idea of “job benefits” in an effort to attract and retain employees. That is how employer-provided health insurance, disability insurance, life insurance, paid vacation days and retirement benefits, just to name a few, came to be commonly expected employment “benefits.”. Use it to gather critical information about the benefits, restrictions, policies, etc.

What’s The Dermatologist Salary And Compensation Today?

Career Realism

Most dermatologists in private practices earned the highest annual salary, reporting the average compensation of $300,000 or higher. This is according to the Medscape Dermatology Compensation Report for 2011 in regards to the dermatologist salary and compensation. Dermatologist Salary and Compensations increase depending on factors such as: Years In Practice. Dermatologist Salary, Compensation, And Medical Specialties.

Job Board Detox Tip #14: Research Salary and Compensation Packages

Career Realism

Today’s job board detox tip: Research potential salary and compensation packages. Perhaps the offer is the same pay that you came from but less flexibility or the benefits are so-so. Check out what people are saying about that company and their compensation habits for employees. Job Search compensation Job Board Detox salaryWhether or not you have a job offer in the bag or not, you must research ahead of time potential salary packages.

Did You Know That. Employer-Paid Moving Expenses are Now Taxed as Employee Income?

Sklover Working Wisdom

Benefits, Pensions and Perq's Did You Know Miscellaneous Compensation Miscellaneous Perq's Monthly Newsletter Library Raise, Bonus, Compensation RelocationYes, the 2018 “Tax Reform” law in the U.S. made employer-paid and employer-reimbursed relocation costs – even when your moving is requested by the employer – income to the employee, and thus taxed to the employee? Yikes!

2019 100

Amazing Benefits Administration for Small Business HR Teams Goes High Tech

Workology

Thankfully with companies like BayPoint Benefits that is changing. One area of small business often lacking efficiencies of big HR tech is benefits administrative and onboarding. We rely on excel spreadsheets to track employee benefits, and paper checklists to manage new hires. BayPoint Benefits has an HR technology DoubleDesk that makes the new hire and onboarding process a breeze, for both me and my new employees. High Touch Benefits Administration Goes High Tech.

Offer Letter or Company Plan – Which One Governs?

Sklover Working Wisdom

When Lemuel insisted on an explanation, she responded, “Your Offer Letter stated clearly ‘Your compensation consists of a base salary, an annual bonus and health care coverage. No other compensation is being offered to you. To receive any additional form of compensation, you and an authorized representative of the Company and you must sign another document that provides that to you.”. Want a Benefit or Better Benefit?

2017 100

The Benefits of Self-Managed Teams

Water Cooler Wisdom

Some of the benefits we've observed are as follows: Streamlined Operations.   For more benefits of self-managed teams, check out my first post on the Liautaud Institute blog. Best Practices Compensation Culture Emotional Intelligence Management Ownership & Initiative People Skills Project ManagementA topic that is close to our collective heart is the self-managed team.

2015 54

How to Communicate & Promote Your Total Rewards & Benefits Packages

Workology

Quite often especially at smaller companies and high growth startups, we miss out on opportunities to properly sell our organization with the company perks, compensation and benefits. HR Recruiting employee benefits employment brand employment branding total rewardsWe will define. Workology is the art and science of work, HR and recruitment. Join the resource revolution.

2017 46

“I have an Unemployment Benefits Appeal Hearing coming up. What do.

Sklover Working Wisdom

Blog » “I have an Unemployment Benefits Appeal Hearing coming up. I have an Unemployment Benefits Appeal Hearing coming up. Published on September 19th, 2010 by Alan L Sklover Question: I was terminated about eight months ago, and I applied for unemployment benefits.

2010 141

“For my appeal of a denial of unemployment benefits, should I.

Sklover Working Wisdom

Blog » “For my appeal of a denial of unemployment benefits, should I point out that I am receiving COBRA subsidy, which makes no sense?” “For For my appeal of a denial of unemployment benefits, should I point out that I am receiving COBRA subsidy, which makes no sense?”

2010 141

“Seven factors decide whether a business owner can collect unemployment benefits.”

Sklover Working Wisdom

Can I get unemployment benefits? Eligibility rules for unemployment compensation vary from state to state in the U.S. federal government assists in the funding of unemployment compensations programs, financial assistance for those who have lost their jobs is essentially a state function. Each state’s procedures, rules and applications to file for unemployment benefits are easily found on the internet. Applying for Unemployment Benefits can be confusing!

Six Questions to Ask Your Insurance and Benefits Broker

Workology

Your company’s insurance and benefits offerings are the second largest company employee expense outside of your employee payroll expense. An insurance broker is the person or organization who sells, solicits, or negotiates insurance for compensation. Yes, insurance brokers are compensated monthly a commission rate based on a percentage of a company’s employee insurance plan, they’ve negotiated with your carriers.

Understanding Comprehensive Benefits Before Taking A Job

Career Realism

But have you looked carefully at their benefits? Once you include benefits into your calculations, a different job might become your primary focus. Here are some benefits to watch out for during your search for employment. Keep in mind that stock benefits still come with associated risks – there’s no guarantee that these options will bring you a profit over the long run. Insurance Benefits. This can include time off and compensation during your recovery.

How to Fight Unemployment Insurance Benefit Hearings

Workology

For a list of unemployment benefit amount by state and other UI resources, click here. . The History of Unemployment Benefits. Unemployment insurance benefits first appeared in Wisconsin in 1932 as part of an effort to provide relief to workers who were unemployed as a result of the 1929 financial collapse. Unemployment insurance benefits are weekly benefit compensation for individuals who have found themselves between jobs, whether voluntarily or involuntarily.

What are the Main Benefits of Hiring Students or Graduates?

The Undercover Recruiter

One of the most appealing aspects of hiring a student is the fact that, due to their lack of experience, a business can offer a lower employee compensation package. What are the Main Benefits of Hiring Students or Graduates? College Graduate Hiring Recruitment benefits employ fresh graduate grads Graduates hire student Students Often a great business decision, choosing to hire a student or a recent college graduate gives all businesses much more job description flexibility.

Key Benefits To Keep In Mind When Looking For Work Out Of State

Corn on the Job

For those willing to relocate out of state, it’s about more than just considering the stress of moving to another state; it is also about getting familiar with the terms and benefits of your new job before you make the move. 2020 kicked off with over 7 million job openings across America.

2020 74

Defining Commensurate: It’s not so easy…

Workology

You have most likely heard or read the words “compensation will be commensurate with experience and/or academic preparation” What does this mean? . Many may see those words in a job posting or job description and think this means they will receive a compensation package which is comparable to what everyone else in the world with a same or similar job title makes. Each hiring organization gets to determine what they will pay and how they will compensate their employees.

2014 101

5 Benefits of Working for the Federal Government

Career Realism

By way of an answer, here are five benefits employees get for working in the federal government. High Compensation Increases. Federal employees receive competitive salaries with the added benefit of high compensation increases. in compensation increases for every $1.00 Increased vacation time means that employees are properly compensated for their work hours and given ample time and resources to properly recharge so as to better function in their jobs.

When Employees Want COVID Unemployment Over a Job at Your Company.

The HR Capitalist

If you go read the article, you'll see those who got a raise (or could) through federal unemployment analyzing it like this: "Marcus Anthony, a 48-year-old warehouse worker in Macon, Georgia, said he was receiving $300 more weekly in unemployment benefits — for a total of $730 after taxes — than he would with his regular paycheck. On the upside, I guess after the pandemic I hope to return to a life of normalcy with a full-time job with full benefits.".

2020 105

Bitcoin 401K Rollovers - What the #### Could Go Wrong?

The HR Capitalist

401(k) Benefits Compensation Economics Employee RelationsThis appeared in my gmail as a paid ad today (Email subscribers, click through to see the poison below): I'm not a financial advisor. There's probably money to be made in Bitcoin, although the SEC has issued investor warnings. The vast, vast majority of your employees aren't qualified to evaluate Bitcoin as an investment option.

2017 78

Herzberg’s Theory & What It Means for Job Seekers

The Job Quest

I saw an article that posed the question “ Does More Compensation Improve Productivity? Benefits. Is a prospective employer putting a lot of emphasis on the financial and benefits package? It could be a way of compensating for a horrible culture that simply sticks employees into jobs and expects them to do as they are told. Career Job Search Benefits Compensation Herzberg Job Fit Motivation-Hygiene Theory Recognition Responsibility Salary Two-Factor Theory

2016 119

Employment Benefits: Negotiating For Life Insurance As Part Of Your Salary

Career Realism

Salary negotiations can be complex and have to be considered seriously, at different times in your career, so that you are sure to be receiving fair compensation for your time and energy investments. Reasons to negotiate for life insurance coverage at your job: Life insurance is more than just a vehicle to gain a death benefit payout from. Let them know that you look at life insurance as far more than just a future death benefit. How To Get The Most Salary And Benefits.