Day: April 16, 2012

Pay-for-Performance—Is Management Willing?

Pay-for-Performance is the hot new approach to compensation, says expert Brooke Green; however, you shouldn’t attempt it if management isn’t willing to do its job in performance evaluation. Green, who is a principal at Hay Group, offered her tips at a recent webinar sponsored by HRHero/BLR. In yesterday’s Advisor, she suggested that HR managers ask […]

Why Should You Conduct a Compensation Audit?

There are many reasons to conduct a compensation audit, and the benefits in employee productivity and retention can ripple through the organization. In a BLR webinar titled “Compensation: How to Effectively Manage Base Compensation with Pay Grades,” Dan Kleinman outlined some of the answers you’ll get by conducting a compensation audit. Are you ready to […]

Proposed Health Plan Identifier Could Cost Plans More Than $1B

A standard health plan identifier proposed by the U.S. Department of Health and Human Services (HHS) could cost health plans a total of up to $1.3 billion to implement. The proposed rules, released April 9, would establish a unique health plan identifier (HPID) for HIPAA-covered health plans (both group health plans and insurers), and an […]

3 Skill Sets Crucial to Business Success

Three Skill Sets Crucial to Business Success

I once read that you need three people to run a successful business — a creative leader, a businessperson, and an asshole. (Sorry, but that’s what it said!) As I recall, the argument went that you need a creative type who has that intuitive ability to judge what the market wanted whether it was in […]