Practical HR Tips, News & Advice. Updated Daily.
In spite of the old saying that a salesperson cannot be overpaid, it seems that one indeed can be. And they were, says Dolmat-Connell, president and CEO of compensation consultants DolmatConnell & Partners. He points to AIG as a prime example of where things went wrong. “They had traders whose pay was $100,000 a year, […]
It’s hard to believe but 2009 is coming to an end. For many, 2009 can’t be over soon enough. For most businesses, it has been a challenging year. And while we’ve seen a rebound in the stock market, most companies are reporting earnings that, while they beat analysts’ estimates, are still significantly less than they […]
I read the other day where Kenneth Feinberg, the Obama administration’s pay czar, is planning on limiting the compensation of top employees at firms receiving large amounts of government aid. Now the initial reaction of the masses might be that this is an excellent decision. In fact, my guess is that is exactly how the […]
Imagine for a moment that you own a company. Unfortunately, your company, like many companies recently, has experienced some problems that have put its mere survival in question. You’ve taken action, removed the employees who were responsible for creating most of the problems, and even brought in a new senior executive — a seasoned industry […]