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Compensation & Benefits

Maintain ties with laid-off employees

07/01/2005
Don’t just throw those fish back in the water, keep them on a line with smart moves. Examples: A financial firm created a tuition fund for laid-off workers, hoping they would …

Keep staff vacation schedules away from public view

07/01/2005
With summer-vacation season here, you may be tracking employees’ comings and goings using schedules posted on a bulletin board or online. But not everyone thinks so highly of publicly posted …

Jury duty: How to manage leave requests and pay issues

07/01/2005
THE LAW. No one is immune from jury duty. Even Supreme Court Justice Stephen Breyer was called for duty
in his Massachusetts hometown. Al-though Breyer was dismissed from the pool, …

Commissioned finance managers are still exempt from overtime

07/01/2005
Last year’s overtime regulations prompted many retail-industry employers to review their compensation structures. But, as the case below shows, if you’re a retailer and have commissioned employees on staff, it’s likely …

Stop ‘buddy punching’: Install a biometric time clock

07/01/2005
Issue: You’re paying for time that employees aren’t working because they punch each other’s timecards.
Risk: Such “buddy punching” can cost companies thousands in wasted payroll dollars.
Action: Stop …

No-Cost Employee Benefit: Payroll-Deducted PCs

07/01/2005

Looking to offer employees a feel-good perk that doesn’t cost you anything? Set up a program that lets employees buy home personal computers through payroll deduction …

Employee returning from FMLA? Alter pay only in rare situations

07/01/2005
When employees return from FMLA leave, they’re entitled to their same or equivalent position, pay and working conditions. If you try to place someone in a lower paying or lower-prestige job, …

8 real-life strategies for keeping employees on board

07/01/2005
Issue: As the economy heats up, employees, yes, even yours, are wandering through the want ads and surfing job boards.
Risk: Being caught without an up-to-date retention strategy can disrupt …

Review severance pact for clarity; define ‘for cause’ terminations

06/01/2005
Many employers offer severance to soften the blow of terminations and to buy a little insurance against lawsuits. But for those agreements to be enforceable, it’s important that you define the …

Give employees a ‘grace period’ to spend FSA dollars

06/01/2005
The IRS announced last month that you can give employees an extra 21/2 months to spend money they’ve set aside in their flexible spending accounts (FSAs) for health care and dependent …