The rewards of a recognition policy
Article Abstract:
Employee recognition efforts and awards programs are usually created for the objectives listed by the Virginia city of Newport News: recognize length of service; compliment recruitment; reward loyalty; celebrate continued contributions; and recognize the importance of employees. To demonstrate a comprehensive employee recognition policy based upon these goals, the personnel management systems and awards programs in force at Unitrode Corp. (of Lexington, Massachusetts) is also analyzed. Described are Newport News and Unitrode employee recognition programs': purpose; policy; definitions; procedures and events; service recognition awards; retirement awards; and miscellaneous awards. A directory of companies supplying employee award items (such as gold watches, plaques, clocks, or travel prizes) is provided that lists vendors alphabetically within nine categories (by type of award).
Publication Name: Personnel Journal
Subject: Human resources and labor relations
ISSN: 0031-5745
Year: 1986
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A pay plan based on numbers, not words
Article Abstract:
The Seattle, WA art museum uses a compensation plan that is based on numbers rather than words as found in traditional vehicles such as job descriptions or salary surveys. A two-step process is employed for evaluating museum jobs: numerical factor values are generated by supervisors based on a factor comparison, and a committee evaluates the numbers to remove any bias that may have been introduced. Machine processing is used to further analyze the numerical data generated. Software used determines a mathematical market value for each job position; establishes a salary range for each slot; calculates the best worker salaries based on seniority and performance; projects salary budgets; offers data to facilitate salary reviews; and presents documents designed to demonstrate the logic used in the process.
Publication Name: Personnel Journal
Subject: Human resources and labor relations
ISSN: 0031-5745
Year: 1988
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Giving long-term disability benefits a shot in the arm
Article Abstract:
The taxation of long-term disability (LTD) benefits has a direct bearing on the claimant's replacement income. The taxation of disability benefits is in turn determined by the contribution structure of the LTD plan. Disability income benefits are excluded from the employee's gross income if the benefits are paid for by the employee. Benefits provided by the employer are included in gross income and are therefore taxable. The advantages and disadvantages of an employee-funded plan and an employer-funded plan are compared. A third option involves defining the LTD benefit as a percentage of disposable income instead of gross income. The calculations for determining an employee's disposable income and the tax advantages of this approach are discussed.
Publication Name: Personnel Journal
Subject: Human resources and labor relations
ISSN: 0031-5745
Year: 1987
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