Smart compensation pros can use this recession as an opportunity to re-evaluate how they pay employees. Here are four recession-smart compensation strategies that you might decide to continue even after the economy rebounds.
Employee Benefits Program
A strong employee benefits program – including low-cost employee incentives, employee recognition programs, and employee appreciation programs – can help you improve morale and retention.
We provide employee appreciation day ideas, help you with employee retention strategies and employee benefits management
By now, most employers have heard of the Employee Free Choice Act (EFCA), the proposed legislation that would make it dramatically easier for unions to organize workers and obtain favorable terms in the initial collective-bargaining agreement. Is it time to panic? Of course not, but it is time to take action.
Minneapolis-based Target, the nation’s second largest discount retailer, has announced it will cut 1,000 jobs in Minneapolis alone. Those cuts include 400 open but unfilled positions, in addition to 600 layoffs.
An Illinois court has ruled that employees who request FMLA leave before they’ve met the eligibility thresholds are protected from retaliation. An employer can’t, for example, fire such an employee because he says he will soon be taking FMLA leave and perhaps undergo expensive medical treatment.
In 2004, two men were fixing a pump at a plant when one of them complained of being hot and not feeling well. The other man took him to his car and returned to work on the pump. When he checked on the ill man 45 minutes later, he found him slumped over the wheel. He had died.
Q. We are downsizing and letting go a long-time employee. We want to help her out by giving her a severance package. What should we consider?
Two Ohio companies have made the 2009 Fortune magazine “100 Best Companies to Work For” list: Southern Ohio Medical Center, headquartered in Portsmouth, and OhioHealth, based in Columbus.
Three companies headquartered in Florida have made the 2009 Fortune magazine “100 Best Companies to Work For” list: Publix Super Markets, headquartered in Lakeland; Baptist Health South, of Coral Gables; and JM Family Enterprises, based in Deerfield Beach.
Some employers unknowingly misclassify some of their employees as independent contractors. In doing so, they risk suffering severe consequences. By becoming familiar with the following tests, you minimize the chances of misclassifying an employee.
Here’s yet another good reason to closely review employee compensation: Legislation overturning the U.S. Supreme Court decision in the Lilly Ledbetter case has been enacted. Employees will now be able to sue their employers for any discriminatory pay decisions made years ago that still show up in current paychecks.