In a study by the American Society for Training and Development, more than 750 U.S organizations provided data about their expenditures on training programs as a percentage of payroll and on a per-employee basis. Here's how they compare by industry on several key factors.Business sector Commitment to learningServices (hotels; professional, business, and personal services; educational, legal, social, and consumer services)High percentage spent on training and a significant increase in the use of new learning technologies, including computer-based training, the Internet, and teleconferencing.IT ... view article details

Did you know that you may be able to negotiate some of your benefits? Even though companies put fixed policies on most benefits, some benefits are negotiable - and sometimes, all you have to do is ask. Signing bonus. If a company wants you badly enough or can't meet your salary demands, it might sweeten the deal by offering you a signing bonus, a one-time payment that doesn't increase the base salary on which everything else is calculated. A signing bonus is a good-faith demons... view article details

A pay philosophy is a company's commitment to how it values employees. A consistent pay philosophy gives the company and the employee a frame of reference when discussing salary in a negotiation.The goal of a pay philosophy is to attract, retain, and motivate employees. For companies in the private sector, this usually requires a competitive pay philosophy. For companies in the public sector, this means a well-rounded philosophy, with a focus on benefits and work life.Companies attract, motivate, and retain through total compensationThe purpose of a good compensation philosophy is to attract, ... view article details

You've just been notified of your last day of employment. Your supervisor hands you a severance agreement and release and your mind is flooded with questions. How can this happen? Can they do that? Unfortunately, if you are an employee at will your employer can terminate you at any time, without notice and with or without severance. After the shock, here are a few things you should consider when reviewing a severance agreement and managing the transition from one company to your next opportunity. 1. Last Paycheck vs. Severance Package For most, the first questions that come to mind are "what's... view article details

 Personal Budget Planning Builds Household Wealth  To some people, 'budget' is a dirty word. In reality a budget is just a schedule of income and expenses, a way of documenting how much money comes in and how it should sensibly be spent. There's everything to gain from sticking to a budget, but adhering to a budget is difficult for many people because it usually means denying cravings and luxuries beyond reach.Well, after all, that's the point of a budget.What percentage of your income goes to housing every month? What goes to entertainment? Knowing those spending ratios is a valuable tool to ... view article details

A few years ago, the Internal Revenue Service challenged the tax deductions a college professor took for losses he reported in his business as a book author.'They came in and said, 'OK, prove to us it's a business,'' recalled Joseph Newpol, a certified public accountant and tax attorney who advised the professor on how to deal with the IRS's scrutiny.'We showed them the history of his book writing activity and demonstrated that he didn't have income for several years,' recalled Newpol, who is also a professor in the tax and personal financial planning department at Bentley College in Waltham, ... view article details

So, would you recognize a generous time off policy if you saw one? If you had to establish a time off policy for your company, what questions would you ask?The following is a checklist of questions that a good policy for paid time off should answer. It can be used as a starting point for a negotiation, or for a business seeking to establish or revise a policy for paid time off.The Society for Human Resource Management, http://www.shrm.org, offers its members a model policy for paid time off that is comprehensive and a good framework for companies that do not have one.A well-crafted policy for ... view article details

Amazon recently announced an ambitious plan to offer on-site health care to its employees. The tech giant will open a pilot clinic in its Seattle headquarters later this year and begin expanding the services to more employees in 2019. Like other companies, Amazon wants to address the rising costs of emergency room visits, which are the most frequently used type of outpatient service. In January, Amazon announced a joint venture with Berkshire Hathaway and J.P. Morgan Chase to work towards cheaper, higher quality health care. The CEO of the venture – Dr. Atul Gawande – is specifically focused ... view article details

A Career in High Gear Hugging the curves of a winding country road, the James Bond roadster seems to float on air. A fork ahead. Which road to take? The driver chooses the one leading further away from the office. Will the boss mind this Tuesday afternoon excursion? Not at all. The Road to BMW People are always asking Jason, "How did you get a job test-driving $128,000 cars?" Hard work, determination, and a bit of good timing is the answer. Ten years ago the automotive technology trade school Jason attended had just started a relationship with BMW. Wanting to impress, the school sent BMW the... view article details

Presidential salaries have been a hot topic in recent times – especially after President Donald Trump made a campaign promise that if elected he would donate his entire $400,000-per-year salary to charity. He has since kept this promise (although legally he did have to accept a salary of at least $1 per annum), and it was announced in May 2018 that Trump did in fact donate his first-quarter salary to the Department of Veterans Affairs. But was Trump’s campaign promise a unique one? It turns out he is not the first U.S. president to say “no” to getting a paycheck for time spent in the White Ho... view article details