PPT-Managing Compensation 1–

1 The Challenges of Human Resources Management Chapter Objectives After studying this chapter you should be able to Explain how to formulate a strategic compensation program Indicate how . June 2015. Workers’ Compensation. Programs for workers suffering from occupational injury or disease. State . regulated, with laws determined by each state legislative body and implemented by a state . Derek Hughes. November/December 2012. Staff. Total Rewards. Martocchio, J. J. (2013). . Strategic Compensation: A Human Resource Management Approach.. Upper Saddle River, NJ: Pearson.. Shared Perception. Joseph DiMisa. Senior Vice President. 770-403-8006. jdimisa@sibson.com. 2015. Joseph DiMisa, CSCP. Senior Vice President . Sales Effectiveness Practice Leader. Sibson Consulting, a Division of Segal. June 2015. Workers’ Compensation. Programs for workers suffering from occupational injury or disease. State . regulated, with laws determined by each state legislative body and implemented by a state . BOLD COMPENSATION. SIMPLICITY . is KEY . — Simple to build, simple to explain. WE ALWAYS PAY 50% . of commissionable volume. SEAMLESS / GLOBAL . across . 40+. markets. AMAZING INCENTIVES / BONUSES. James . Ang. Yingmei. Cheng. Sarah Fulmer. Source: . Frydman. and . Jenter. (2010) CEO Compensation, Working paper. Agency Problem. Incentive compensation aligns management interest with shareholders – . How big is the problem?. What exactly is the problem?. Why is the problem important?. What can . be done to combat it?. The Griffith. Insurance Education Foundation. Cost of Insurance Fraud. The amount of workers compensation claims paid out annually is $60.2 billion. Background. Non-Recurring . Compensation (NRC) is established to provide a lump sum payment for services performed for a brief and finite period of time or under urgent circumstances. . During . the latter part of 2012, UAC Audit performed an assessment on the . Montana was one of the first states in the country to enact workers’ compensation legislation.. Codified at Mont. Code Ann. § 39-71-101, et seq.. 39-71-105. Declaration of public policy.. (1) An objective of the Montana workers’ compensation system is to provide, without regard to fault, wage-loss and medical benefits to a worker suffering from a work-related injury or disease. Wage loss benefits are not intended to make an injured worker whole but are intended to assist a worker at a reasonable cost to the employer. . Adele Yeargan, Head of Global Mobility, AIG. Ed Hannibal, Global Practice Leader , Mercer. Talent Supply and Demand. Basic . Philosophy . for . Compensating International Assignments . Challenges in . Peer Benchmarking. Gonul Colak . Hanken School of Economics . Jun Yang . Indiana University. Pengfei Ye . Virginia Tech. Motivation. The Compensation Contagion Hypothesis (Gabaix and Landier, 2008). Capturing Our Learning. Overview. Purpose:. . To provide a competitive advantage and . ensure that teachers are paid commensurately for their hard work and receive those benefits that encourage them to stay in the field. . Leadership Presentation 2013. Goals for today. Review UM’s philosophy and objectives for Administrative, Service and Support Staff compensation. Status update on the Compensation Project; what is included and what is not. Chuck Furlong, EVP. JLT Re (North America) Inc.. . . Welcome to the Year 2036. !. -Number of workers aged 75 or older has tripled since 2016.. -U.S. economy/insurance industry reeling from 2035 Pandemic Event..