Strategic Planning

Stretch your budget with 5 benefits-on-a-shoestring tactics

05/26/2009

Even during a recession, it’s possible to beef up your benefits. Instead of spending money on new perks, spend some time thinking creatively about the perks you already offer—and present them to employees in a new light. Employees are likely to perceive that you’re adding benefits if you make existing ones more valuable. Here are some ways to get started:

How to prepare your workplace for a possible flu pandemic

05/13/2009

The U.S. Centers for Disease Control and Prevention have for years predicted that a virulent influenza outbreak could kill tens of thousands, hospitalize hundreds of thousands and sicken millions. Regardless of how the swine flu crisis plays out, it should be a wake-up call for employers. If you haven’t already, now is the time to undertake pandemic planning efforts.

Street Smarts Vol. II: Your peers weigh in with real-world business solutions

05/12/2009

Pulled from the pages of HR Specialist newsletters, here are five practical, workplace-proven tips for you to try. From management advice to hiring innovations, they’ll help you work smarter and more productively.

8 ways to trim marginal benefits, max out those that work

04/14/2009

In today’s pared-to-the-bone business environment, you can’t waste time or money offering benefits no one cares about. If you haven’t already, now’s the time to take a magnifying glass to your benefits. Look for efficiencies in these eight places.

The death of one-size-fits-all benefits: Tailor rewards to generational differences

03/26/2009

Nearly a third of HR professionals plan to alter their total rewards programs with generational preferences in mind, according to the new Top Five Total Rewards Priorities survey. That figure is likely to increase significantly in the future because the workforce is becoming more multigenerational—especially as older workers remain longer to rebuild their nest eggs.

Shopping for voluntary benefits? 5 ‘must ask’ questions

03/26/2009

As a way to cut costs, more organizations are replacing their company-paid benefits with voluntary benefits. However, choosing (or negotiating) the wrong voluntary benefits plan can result in extra fees, added paperwork and push-back from employees. Here are five key questions to ask when shopping for voluntary benefits:

75% will get raises this year, but they’ll be smaller

03/17/2009

Remember those rosy predictions last summer about how big pay raises would be this year? Forget about it! The global financial crisis has stuck a pin in that cheerful pay balloon. Three out of four employees will get pay raises this year, but for some, those increases will be the smallest in three decades.

10 tips on setting goals for others

03/17/2009

Ask employees to focus on razor-thin, challenging targets, and they might fail or do something unethical. Managers can avoid those unintended consequences by using this 10-point checklist when setting goals for others.

Use these 8 criteria for choosing an outsourcing consultant

03/09/2009

The decision to outsource HR functions often means a lot of hard work. Hiring a consultant to sort through outsourcing options—whether for payroll, benefits administration or any of dozens of other functions—can save time and money. But you must choose the right consultant.

Survival-mode comp strategies could be good for business

02/11/2009

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.