Open Enrollment and Total Compensation
Choosing well during open enrollment is one important way to maximize your total compensation package.
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Choosing well during open enrollment is one important way to maximize your total compensation package.
August 2, 2011
Three news items caught my attention today. The first comes from economist Jared Bernstein’s blog where he notes that real compensation – i.e., wages and benefits, adjusted for inflation – continues to fall. The second tidbit, from CNNMoney, discusses a recent Mercer compensation survey which found that the average increase in base pay in 2012… [Read more…]
February 24, 2010
With wages expected to remain flat for an extended period - but overall total compensation costs expected to increase - communicating the total compensation message to employees is critical.
November 11, 2009
Two different views of employee engagement, but, whichever view one prefers, one needs to be able to make a strong business case to justify new employee engagement initiatives.
November 3, 2009
Two recent surveys looking at trends in hiring, compensation and benefits paint slightly different pictures of where the economy is headed in the near term.
July 9, 2009
An effective total compensation statement does much more than simply report data - it tells a story. And the more personalized and targeted that story is for each employee, the better.
May 7, 2009
Creating an effective total compensation statement requires thoughtful design as well as clean, accurate data on individual employees' compensation and benefits.
April 20, 2009
Last week, Hewitt put out an analysis of U.S. companies suspending their employer 401(k) matches. “Companies Can Save Millions of Dollars by Suspending Their 401(k) Match for Just One Year,” announced the headline of the accompanying press release. According to the press release: [C]ompanies can save, on average, more than $1,500 per employee each year… [Read more…]
November 28, 2011
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