(847) 236-1208

Author Archive

2014 Compensation Trends

April 08, 2014  |   Compensation,Uncategorized   |     |   Comments Off on 2014 Compensation Trends

With 2014 well underway and a lot of companies gearing up for their merit and performance cycles, it’s a good time to check in and see what's going on in the marketplace. While there are indicators that the economy is improving, companies are still taking a conservative approach to their salary budgets, keeping staff relatively lean, and getting tougher on performance requirements. In addition, ...

Read More →

Compensation Structures: Implementation

January 06, 2014  |   Compensation,Uncategorized   |     |   Comments Off on Compensation Structures: Implementation

In Part One of our compensation structure series, we discussed building a compelling business case for having a comprehensive pay program in your organization. In Part Two, we discussed the most common types of compensation structures and how to select the right one for your organization. In this third and final part of the series, we outline the steps needed ...

Read More →

Compensation Structures: What Structure is Right for Your Company?

December 02, 2013  |   Compensation,Uncategorized   |     |   Comments Off on Compensation Structures: What Structure is Right for Your Company?

In Part One of this short and informative series, we addressed compensation structures as important business tools and how to make a compelling business case to your executive team on developing and implementing one. Today's post focuses on what type of compensation structure might be right for your organization. Each type of structure has its pros and cons and the organization ...

Read More →

It’s That Time of Year Again: Annual Benefits Enrollment

November 01, 2013  |   Employee Benefits,Health and Welfare Plans,Uncategorized   |     |   Comments Off on It’s That Time of Year Again: Annual Benefits Enrollment

Each year, as summer turns to autumn, benefits professionals are busy with annual enrollment activities -- analyzing and finalizing any plan design changes, negotiating and signing renewals with service providers, updating benefits enrollment and HRIS systems, and developing and executing a communications strategy. Benefits professionals have been extremely busy in the recent past, in particular with addressing the impact of the Affordable Care Act (ACA) ...

Read More →

Compensation Structures: What Are They Good For?

October 15, 2013  |   Compensation,Uncategorized   |     |   Comments Off on Compensation Structures: What Are They Good For?

At BCR, we work with a lot of companies, both for-profit and not-for-profit, that are going through some growing pains. What was once a small, intimate company has grown in scale to a much larger organization. What could once be accomplished informally now needs structure and process. Structure is required to facilitate a growing number of customers, revenue streams and employees. And, as ...

Read More →

How Well Do You Know If Your Total Rewards Program is Working?

October 01, 2013  |   Compensation,Uncategorized   |     |   Comments Off on How Well Do You Know If Your Total Rewards Program is Working?

To be a business leader, HR and compensation professionals must utilize a C-Suite approach to decision support -- one based on data and facts. That translates to metrics. Metrics are a simple way to quantify, measure and track key performance indicators. Some examples of the type of decisions metrics can support are: > The type of compensation programs that make sense. > The linkage between program costs and ...

Read More →

Merit Pay: Is It Worth It?

September 16, 2013  |   Compensation,Uncategorized   |     |   Comments Off on Merit Pay: Is It Worth It?

Most of us have been challenged over the years to find the best way to appropriately reward above-average and exceptional performers. Many believe pay is the single most important motivator of performance. Yet, when employees are surveyed, they claim they are not motivated by pay and their pay system has little influence over the way they behave on a daily basis. That's what this ...

Read More →

Unraveling Sales Goal-Setting

September 03, 2013  |   Compensation,Performance Management,Uncategorized   |     |   Comments Off on Unraveling Sales Goal-Setting

Sales goal-setting seems to be the most challenging component of sales compensation design for small and large companies alike. The best designed sales compensation plan can fail without effective goal setting. If goals are set too high and are not achievable, a company will see an increase in sales turnover and poor sales results. If goals are set too low, a company will ...

Read More →

Executive Compensation Program Fundamentals for Not-For-Profits: 5 Questions You Should Be Asking

August 15, 2013  |   Compensation,Not-for-Profit Information,Uncategorized   |     |   Comments Off on Executive Compensation Program Fundamentals for Not-For-Profits: 5 Questions You Should Be Asking

Attracting, engaging and retaining employees are long-standing goals of all organizations -- both for-profit and not-for-profit (NFP). However, achieving these goals becomes even more challenging for NFP organizations, particularly in terms of executive leadership. NFP organizations must attract, engage and retain top talent while considering key items such as: the organization's mission, compensation philosophy, finances, regulatory and compliance requirements, and constituent demands. Periodic review and assessment ...

Read More →

What to Do this Summer: More on Health Care Reform

July 31, 2013  |   Employee Benefits,Uncategorized   |     |   Comments Off on What to Do this Summer: More on Health Care Reform

This summer has brought much for employers and benefits professionals to respond to. On June 26th, the Supreme Court's Windsor decision brought issues and challenges for employee benefit plans due to the decision's impact on numerous federal laws, including laws that apply to the administration of employee benefit plans. Then, on July 9th, the Internal Revenue Service (IRS) released Notice 2013-45 which provides transition ...

Read More →