To the loyal readers of the Compensation and Benefits Daily Advisor:
Thanks for reading!
Yesterday, we looked at whether the Department of Labor (DOL) is actually drawing tighter lines around the definition of “independent contractor” or merely restating its existing position on the problem of misclassification. Today, we’ll get some thoughts directly from DOL administration on precisely why the DOL is so concerned about this issue.
The other day, a colleague passed along an article from Inc. magazine titled “35 Habits That Make Employees Extremely Valuable.” Whether you’re an employee trying to figure out how to make yourself indispensable to your employer or a manager looking for the right type of person for your team, this piece, written by Kevin Daum, is a great place to get some ideas.
Pay-for-performance, once considered a cutting-edge compensation strategy, has now gone mainstream. Dan Walter, CEP of Performensation, says that competition, performance, and reward have become so intertwined and such an integral part of our everyday lives that they should unquestionably affect the way employees are paid. Today and tomorrow, we’ll share some of his insights in this area.
President Woodrow Wilson was once asked how long it took him to prepare his speeches, and his answer was quite telling. “That depends on the length of the speech,” said Wilson. “If it is a 10-minute speech, it takes me all of two weeks to prepare it; if it is a half-hour speech, it takes me a week; if I can talk as long as I want to, it requires no preparation at all. I am ready now.”