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Q. I work for a company that pays me $72,000 a year with no bonus. However, they match 50 cents to the dollar on my 401(k) plan. The company I'm interviewing with has no matching contributions, but they have averaged bonuses of 11 percent over the past five years and 20 percent over the past three years. How should I calculate a base salary with bonus vs. my current base with no bonus?A. Companies have a certain amount of money to spend on variable pay and/or benefits. The senior management of a company may value long-term investment higher than short-term incentives. And companies are more li... view article details

Spin Doctor The flight leaves in an hour. One journalist is on the line while another is on hold. Red-eyed from lack of sleep, you put your reading glasses back on as an aide hands you the results of the latest poll. It's the life of communications consultant Michael Goldman, who has advised many of the Democratic presidential candidates of the last few decades. After years of serving politicians including Pres. Clinton, Sen. Bill Bradley, and Sen. Ted Kennedy, Goldman is rarely starstruck. Ironically, it's heroes from earlier in life who have provided Goldman the rare thrill on meeting for t... view article details

Q. I am working as consultant for a company and have been asked to join as an employee. How does the fee I receive as a consultant relate to the salary I would get as an employee?A. The answer depends on two things: the way you're currently charging the company; and the role you're being asked to take on as a full-time employee.First, there is the matter of expenses. Consultants typically work off site and are on company premises principally for meetings. Such consultants may charge their customers fees that cover overhead in addition to the fees for the services being performed. Consultants' ... view article details

Have you noticed your international friends are always traveling and on the go, while your state-side buddies complain they’ve barely been able to make it to the beach at all this summer? The reason for this may be a lack of paid time off (PTO) for American employees. According to the Center for Economic and Policy Research (CEPR), the U.S. is the only advanced economy (and member of the OECD) that doesn’t guarantee workers even a single day of PTO. The CEPR's report also confirmed 25 percent of America's workers in the private sector don’t get any time off at all. The statutory minimum paid l... view article details

Getting an Employer to Pick Up Moving Costs Is Hard, But Not Impossible For most people my age, short or long-term relocation has become the norm. It has also become the norm for people my age to be in debt with school loans and the cost of living expenses growing every year. So even though each move brings the excitement of new experiences, relocating is more financially and emotionally costly than ever. This is why it is vital to negotiate with your employer for the best possible relocation package. Having moved from Ithaca, New York to London, UK and back to Chicago, I thought moving wou... view article details

When it comes to employee rewards and motivation, businesses have a lot of options. One popular approach is offering short-term incentives like cash bonuses. For employees, bonuses represent a chance to earn extra money beyond the base salary. Companies use this rewards strategy to drive performance, align workers with organizational goals, and keep top talent. But how exactly are short-term incentives designed and administered? Read on and discover the ins and outs of short-term incentives. What Are Short-Term Incentives and How Do They Work? Short-term incentives are extra cash rewards for m... view blog & white papers details

Providing monthly, quarterly, or annual short-term incentives to employees can – when administered correctly – drive engagement and retention. There are a whole range of short-term incentive plans (STIPs) that your organization should consider offering to optimize the employee experience, but here, we will hone in on performance sharing plans and individual performance-based plans, and explore some of the standard metrics and measurement methods that dictate payouts. Employees are more willing to work towards larger goals if they are part of a group. Therefore it is often beneficial to reward ... view blog & white papers details

What is a short term incentive plan? Find everything you need to know about STIP, including its benefits, examples in this detailed guide. A well-designed short term incentive plan can significantly improve employee performance and morale. When employees can clearly see a direct link between their efforts and immediate rewards, it becomes a strong motivator, creating a sense of accomplishment and recognition. In this guide, we'll figure out what a short-term bonus plan is, look at some examples, explore the benefits, and understand what a company should consider when they want to use one. What... view blog & white papers details

When workers are happy, they are more likely to perform better at work. For this reason, companies create incentive schemes to reward their workers for their good work. In this way the worker will feel that the company recognizes their efforts. This can also help attract and keep workers. Through the years, there have been many ways that companies reward their workers. This can include monetary and non-monetary incentives. This can be big or small depending on the company's budget. But one thing for sure is that it has a major impact on workers' morale. What are Long-term Incentive Plans (LTI... view blog & white papers details

Various employers want to make sure that they implement incentive plans with a long-term impact. Understanding different long-term incentive plans examples can give them valuable insights into what incentives may work best for their teams. In today's article, we will delve into a comprehensive discussion of these long-term incentive plans and explore some of the best long-term incentive plans examples to get you started. What Are Long-Term Incentive Plans? Long-term incentive plans are pay programs that numerous companies use to reward employees for their efforts and contributions to the busi... view blog & white papers details