Reinventing benefits

Article Abstract:

The new employer-employee relations being formed in corporate America entail the formulation of new human resources, compensation and benefits strategies. Some firms have implemented a new planning process called 'life plan resources,' which presupposes that benefits should be customer-oriented and should support the new corporate reality. This process has allowed many companies to produce innovative programs to assist employees in managing their resources, time and goals.

Evaluation, Labor relations

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A look at broadbanding in practice

Article Abstract:

Broadbands or career bands provide a method of salary administration. These bands may cover several wage ranges, have maximum and minimum points and may overlap other bands. While career bands present management an administrative tool with limited mobility for compensation planning, wide salary ranges provide more scope and save time in salary administration. Management must first consider company objectives before it uses broadbands.

Research, Compensation management

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Broad-based employee stock plans

Article Abstract:

Contemporary variations on traditional employee stock-ownership plans available under US law contain innovative objectives and plan designs that reflect fundamental shifts in thinking about the substance of the plans. Multinational employers increasingly are using broad-based employee equity plans to support a corporate cultural shift that keeps companies competitive and leads to improved employee performance.

Management, Employee stock ownership plans

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