Making Sure Your Compensation Is Fair

Evil HR Lady

At both small businesses and large companies, employee compensation should always be top of mind. It’s crucial that organizations offer workers the best pay packages possible, since this can help with recruitment and retention as well as ensure that morale stays high. Therefore, it’s important for companies to regularly evaluate compensation packages (to determine the best fit) and educate employees on their value.

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. File the Workers Compensation Claim.

6 Practical Steps to Negotiate a Compensation Package

Competitive Resumes

Don’t wait until you get an offer to start thinking about compensation negotiation. If you’re strategic about it, negotiating a new compensation package doesn’t have to be scary. Many people settle for the first offer.

Tips for Talking About Compensation

Blogging4jobs

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. HR compensation

Smart Executive Job Search: How To Sail Through Salary and Compensation Negotiations

Executive Career Brand

Salary and compensation negotiations are imminent. You’ve been through a few rounds of interviews at a company you really want to work for, and they’re about to make you an offer. Or, maybe you’re fortunate enough to be juggling offers from more than […].

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“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. Very few employees have an employment contract and “letters of intent” and “offer letters” rarely, if ever, contain a commitment to employ someone for any set period of time. In fact, most letters of intent and offer letters use that very phrase: “at will.” .

Episode 28 – FMLA, Workers’ Compensation & Disability Update

Blogging4jobs

A few weeks back, we had our Triple Threat webinar discussing FMLA, Workers’ Compensation and Disability on Blogging4Jobs. Episode 28: Your FMLA, Workers’ Compensation & Disability Questions Answered. In the HR world, one area that is hard to keep up with is the employment law landscape and eligibility requirements especially in the areas that I call the Triple Threat which are ADA, FMLA and Workers’ Compensation.

Have a ‘Pre-Existing Creation?’ Protect it in Interviews and Job Offers

Sklover Working Wisdom

One inquiry she received from a large hedge fund intrigued her so much that she entered into serious talks with them for a senior executive position that included very substantial compensation, great working flexibility and significant job security. First, her new job went very well, and her compensation was very significant. Received a Job Offer? We offer Two Model Memos for Employees to Request Ownership/Authorship Rights in what you create at work.

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Staff Development, Benefits & Compensation for Low-Wage Workers

Blogging4jobs

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.

Compensation Conundrum – When You Should Compromise on Compensation

Career Alley

Having lived through events described above several times (unfortunately), I’ve learned that you need to be flexible (and careful) in the way you handle your future compensation. On the other hand, “holding out” for a level of compensation that may no longer be realistic can also backfire. play a major role in determining compensation. SalaryExpert.com – Similar to Salary.com, this site has sections for both individuals and compensation professionals.

3 Ways to Increase Your Candidate Job Offer Acceptance Rate

Blogging4jobs

We will discuss how to non-compensation benefits and perks can increase your acceptance rate as well as how you’re able to offer a well rounded strategy when it comes to […] Source. HR career development employee perks job offer acceptance job offers non-cash compensation total rewardsTotal reward programs are an important piece of making your company the best place to work and attracting the best technical talent for your organization.

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“Can an employer change a compensation plan retroactively?”

Sklover Working Wisdom

My compensation plan includes a base salary plus commissions in multiple “tiers” of commission rate. My offer letter states that my employment is “at will” and that the company can change the compensation at any time, but can the company go back and rewrite the plan in this way? A compensation or commission “plan” is a kind of contract, and must be carefully reviewed. I say this because of my experience with compensation and commission plans.

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.

“If a job offer was withdrawn, do I have a claim to be compensated?”

Sklover Working Wisdom

I received an offer signed by the CEO. Do I have any chance for compensation as a result of their actions? C.R. . Glencoe, Maryland. As a general rule, if an offer has not been accepted totally, it can be treated as rejected. Your asking whether a higher salary and moving expense reimbursement was possible, would probably be interpreted as a “counter-offer,” which is the same in the law as a rejection.

5 Tips to Maximize Your Job Offer

Career Alley

Now you have a job offer, but do you know what you’re worth and do you have a “bottom line”? Following are some tips and tools to help evaluate a job offer. How much are they offering you? Job Offers Jobs Salary Salary Guides

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“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.

“Sales compensation plans: are there limits on when and how they can be changed?”

Sklover Working Wisdom

Question: The sales compensation package for my company says that the company has the right to amend, change, or cancel the sales compensation plan at any time – except where prohibited by law. . A compensation “plan” is a kind of contract, presented by the employer to the employee, that says, in effect “These are the compensation (or commission) terms we offer to you.” A compensation plan is a contract about one thing: compensation.

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

Career Realism

Today’s job board detox tip: Research potential salary and compensation packages. Whether or not you have a job offer in the bag or not, you must research ahead of time potential salary packages. Say you get an offer and you are unprepared?

4 things to negotiate before accepting a job offer

Ms. Career Girl

The post 4 things to negotiate before accepting a job offer appeared first on Ms. We all know that amazing feeling when you get a call from a recruiter with a job offer, saying that you got that awesome job you’ve wanted so badly!

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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 Offer On the Way? – Consider Asking for a Sign-On Bonus”

Sklover Working Wisdom

After learning that she was among the top two candidates, Carrie was eager to accept nearly any decent offer presented. To help you, we offer a 100-Point Master Pre-Resignation Checklist. Consider offering conditions that make the request seem more “palatable.” As someone who reviews compensation agreements of every type, I make it a practice to ask myself “Does it also say when the payment is to be made and when the payment is considered earned.”

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Job Offers: Understanding The Offer Package

Career Realism

You’ve made it through the rigorous interview process successfully and the organization has extended you an offer for employment. Now, it’s time to take a better look at what the offer includes. Here are some tips for understanding the offer package : Compensation.

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The “I am Not Restricted” Clause In Offer Letters

Sklover Working Wisdom

A client contacts us quite pleased to have received a job offer, and asks us to do a “simple review” of the offer letter or employment agreement. I explain that many of my clients have accepted job offers they have no legal right to accept, and thus cannot fulfill the duties they have promised to fulfill, all because of one or more agreements they entered into with their present (or even former) employers. Be Prepared to Promise It, but Can You Deliver?

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“How long is an offer of severance good for?”

Sklover Working Wisdom

Blog » “How long is an offer of severance good for?” “How How long is an offer of severance good for?” Once offered, how long is the offer valid? Job Offers, New Jobs and Promotions F. Salary, Raise, Bonus, Compensation G.

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The “Background-Check” Provision in Offer Letters – A Risk You Should Try to Reduce

Sklover Working Wisdom

Most intriguing to Wilmelma was the new employer’s offer of both a sizable ownership interest in the firm, and carried interest in its major investment fund. When presented with an Offer Letter that included all of the items agreed upon, including her new employer “making her whole” for the losses due to departing with unvested stock, Wilhelma quickly signed it. An Offer Letter is a kind of contract. We offer a 100-Point Master Pre-Resignation Checklist.

“Responding to a Retention Bonus Offer” – Ten Wise Steps”

Sklover Working Wisdom

ACTUAL “CASE HISTORIES ” : Jana contacted our office with an almost whimsical question: “I was just offered a bonus to stay in my job. offer to pay me to keep breathing?” For example, “We offer you (a) $25,000 (b) if you stay in your job until June 1st of this year.” By its very name and nature, such an offer says, “You are valuable to us, at least for a certain period of time.” Why do employers offer Retention Bonuses?: (a)

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10 Things to Consider When Getting a Job Offer

Career Alley

A job offer as a result of “proactive job search” is, in a way, a little easier than a job offer that is unsolicited (as in, you were not actively looking for a job). You go on a few interviews and then you get a job offer you were not planning on.

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Job Change? Ten Tax Tips – Things to discuss with your tax advisor

Sklover Working Wisdom

We offer a 152-Point Master Checklist of Employment Negotiation Items to help you “remember everything and not forget anything else.” We offer a 94-Point Master Severance Negotiation Checklist to make sure you don’t miss any severance-related issues or fail to spot problems in severance agreements. If you are making such a move, do not hesitate to ask your new employer take that into account when determining your compensation level.

2017 100

Shades of Gray – Offer Letters

Career Alley

One of my friends received a job offer last week. By the end of the day, Paul decided not to take the offer. Second, job offers are not always cut and dry. Of course you need to be reasonable, but you would not get to the offer letter stage if all of the particulars (your comp, your experience, your qualifications, your willingness to see the interview process to its logical conclusion) were not in line with overall expectations. How do you know if it is a good offer?

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How to Counter the Counter Offer

The Undercover Recruiter

Counter offers are part of the package of recruitment. However, how can you counter the counter offer? How to Counter the Counter Offer. Hiring Recruitment change counter counter offer jobs offer

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5 Reasons Why You Won’t Get a Job Offer

Career Alley

Sometimes it’s obvious (not qualified, your compensation is too high, etc.) If you’re been rejected when you thought you were sure to get an offer, then you need to figure out went wrong and adjust your approach to be more effective and eliminate reasons why you have not been successful.

2015 198

“How does an offer of ‘equity’ from an employer work?”

Sklover Working Wisdom

Question: I am being made an offer from a company owned by a “Private Equity” firm. They have said the offer will include “equity” – which is new to me. What terms will that piece of the offer come in? There are many different aspects of “equity” that have to be reviewed and analyzed in order to figure out what is really being offered, and how it can be lost. Offering “Equity” is a way to motivate and retain good employees.

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How do I Balance a Job Offer with Potential Offers?

Evil HR Lady

Friday, May 28, 2010 How do I Balance a Job Offer with Potential Offers? Here are some tips for navigating the job offers. Evil HR Lady Why am I evil? Well, Im not, but thats the perception of all of us in HR. Need to fire someone? Come to HR.

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“What should I do if the raise offered is insufficient?”

Sklover Working Wisdom

On the other hand, employers feel limited in what they can do to provide employees compensation. Don’t ever accept less than you truly deserve, but at the same time understand that – in this place and at this time – what has been offered may be all that you can obtain. Miscellaneous Compensation Q & A Raise, Bonus, CompensationQuestion: First of all, I am a great fan of your valuable career advices.

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How Do I Compare Two Job Offers?

Evil HR Lady

Monday, September 27, 2010 How Do I Compare Two Job Offers? When youre looking at two different job offers (or even trying to decide if you should leave your current job for a new one), salary is only one thing. How Do I Compare Two Job Offers? Evil HR Lady Why am I evil?

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Offered a Position and Shares in a Start-Up? – 10 Traps in the Legal Papers, and Your Ways Out

Sklover Working Wisdom

Kent gave the new magazine credibility, and for joining he was offered a large number of “Class B” interests in the company. More times than I can count,: someone contacts my firm and says, “I am being offered a new job. As part of the compensation package, they are offering me shares or units in the new or young company. We offer a 152-Point Master Checklist of Employment Negotiation Items to help you “remember everything and not forget anything.”

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How To Evaluate New Job Offers

JobMob

Once you’ve started your job search, you’ve cut the emotional ties and now it’s just a matter of time until you get the right job offer and then you are on your way. You go on a few interviews and then you get a job offer you were not planning on.

2014 99

my company made a counter-offer to keep me — and now is attaching strings to it

Ask A Manager

A reader writes: I recently got an external job offer that was substantially above my current salary. I went to my current boss and told him about the offer. He asked me not to accept the other offer while he put together a counter, and I told him what I would need for a successful counter. I went back to the second company and politely declined the offer. But you declined the other offer on their word. This is a bad deal, being offered in bad faith.

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Two (or More) Job Opportunities? – 18 Elements of Comparison – [Part 1 of 2]

Sklover Working Wisdom

If you are in this situation, or if you receive two job offers, the decision between or among your available job opportunities might be a difficult one. It is common that comparison of two jobs, or two job offers, can be a difficult thing to do. “It’s not hard to make decisions.

2018 130

“Job offer rescinded after I quit my other job; are they liable?”

Sklover Working Wisdom

Question : I was offered employment in writing, a start date, and wage was included in the letter. The day before the start date I was told that the offer was made in error, that corporate approval was not received first. Historically, the general rule has always been that employers are not liable for withdrawn job offers. However, in more and more states – including California – it is becoming possible to hold employers liable for withdrawn job offers.

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“Can an employer take back a job offer, even after I accepted it.

Sklover Working Wisdom

Blog » “Can an employer take back a job offer, even after I accepted it? Can an employer take back a job offer, even after I accepted it? After several rounds of interviews, I was officially offered a full-time job by a Silicon Valley corporation.

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“If I accepted an offer of employment, and then a week later.

Sklover Working Wisdom

Blog » “If I accepted an offer of employment, and then a week later turned it down, can that company sue me or stop me from going to a different company?” “If Published on October 9th, 2010 by Alan L Sklover Question: A company extended a job offer to me, and I accepted it.

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Two (or More) Job Opportunities? – 18 Elements of Comparison – [Part 2 of 2]

Sklover Working Wisdom

If you are in this situation, or if you receive two job offers, the decision between or among your available job opportunities might be a difficult one. It is common that comparison of two jobs, or two job offers, can be a difficult thing to do. Received a Job Offer?

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