Compensation Benchmarking at Global Conglomerates

by Malak Kazan, CECP, CCP, CBP, GRP 30. May 2016 09:08
A global, diversified, conglomerate company is characterized as being a business entity with several combined operating units having distinctly different businesses that fall under one corporate group. Sometimes these organizations are structured as holding companies with many subsidiaries operating in multi-industry and multinational business contexts. From a compensation perspective, the total rewards philosophy and any equity compensation programs will be closely managed at the corporate level. Compensation benchmarking needs requiring access to many industry-specific data sets across international areas may often be decentralized at the subsidiary or business level. Alternatively, benchmarking may be consolidated in shared services centers of excellence with compensation experts responding to the needs of business units. [More]

New 2016 FLSA Rules Are Effective December 1, 2016

by Malak Kazan, CECP, CCP, CBP, GRP 19. May 2016 12:25
The final FLSA rule changes were published this week and go into effect December 1, 2016. ERI has been following these developments from the onset. The new rules modify the definitions of white collar workers, expanding coverage of FLSA's minimum wage and overtime standards, introduce automatic increases to the federal salary and annual compensation thresholds, as well as provide guidance on inclusion of variable cash payments in meeting the salary thresholds. The Department of Labor estimates the compensation for 4 million workers will be impacted by these changes. [More]

Are You an HR Leader Responsible for North America?

by Malak Kazan, CECP, CCP, CBP, GRP 16. May 2016 13:59
Most organizations have North America operations whether corporate headquarters is based in Canada or the U.S. Understanding the fundamental operating framework of HR management helps to navigate across borders, especially when it comes to total rewards programs. As a baseline of comparison, Canada is organized into 13 provinces, whereas the U.S. has 50 states. From an HR perspective, compliance is governed at the provincial and state levels with some overarching federal labor regulations. [More]

The Wounded Warrior Project – Spending Too Much on CEO Compensation?

by Linda M. Lampkin, Senior Nonprofit Compensation Specialist 24. February 2016 13:00
The Wounded Warrior Project (WWP), a fast growing and media-savvy charity serving veterans, has recently been in the news and not in a good way. See a recent article in the New York Times and a blog post from GuideStar CEO Jacob Herald. There were charges of spending too much on expenses (e.g., fund-raising, travel, and executive compensation) that were not directly related to its mission of direct services to veterans. [More]

Labor Markets and Geographic Differentials

by Malak Kazan, CECP, CCP, CBP, GRP 18. February 2016 12:52
Depending on whether the economy is experiencing growth or a recession, the private and government sectors have different strategies to manage them. Recent macro-level topics focus on the need to create better quality jobs that grow the middle-income household segment while facing skills shortages, as in Science, Technology, Engineering, and Math (STEM) jobs, for example. At ERI, we help subscribers determine the cost impact of their strategies through the application of compensation analytics. As stakeholders, HR leaders want a trusted partner to keep a pulse on the competitive advantages of geographic labor cost differentials in light of external market conditions. [More]

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