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 | In this Issue |  | | | | Related Links | | | | | | | Dear Friend, | | | This is the time of year to look ahead and begin planning for 2010 with cautious optimism. Let's reflect back a year-all of us were reacting to the disastrous free-fall of the financial world. Business plans were scrapped or dramatically revised, cuts made, and resources carefully utilized. Common practices to reduce labor costs included layoffs, reduced work weeks, pay increases frozen, 10-20% salary reductions, and no incentive or bonus payouts. For most, the recession is still not over, but there are positive signs in the economy. It's not too early to consider compensation planning for 2010. As company leaders begin to plan, set goals and allocate resources, it is important to focus on 4 Keys in Compensation Planning during Turbulent Times. "An economist's guess is liable to be
as good as anybody else's."
--Will Rogers
 | | | | | | | - Review and Realign Performance Plans to today's business strategies
Whether Sales Plans, Executive/Management Incentive Plans or other Pay-for-Performance plans, make sure all plans accurately reflect and support the company's direction and focus. Plans may need to be re-designed, re-balanced, and targets, caps and thresholds adjusted in light of the uncharted future. For Human Resources professionals, it has never been more important to understand the current business, and ensure HR and Compensation programs and pay practices are aligned to support those goals.
If you'd like a complimentary Compensation Strategy session, please contact Cherryll
- Maintain Competetive Salary Ranges
To retain your best people continues to be a long-range goal to ensure a strong organization, both today and tomorrow. This requires competitive total rewards programs, regardless of the economy. It is imperative to continue to benchmark positions with the best available market survey data and update salary ranges. Knowing how your current pay practices measure up with the market will ensure your labor budgets are accurate, and assist with future hiring decisions and merit increase recommendations.
(Note: A prudent decision may still be not to increase salaries and related costs at this time, but it is important to have current market data.)
Cherryll is currently booking her Winter 2010 Speaking Schedule. If your association or organization would like to hear a dynamic presentation on current Human Resources & Compensation issues and trends from an expert, who's knowledgeable, entertaining and thought-provoking, please contact us. In addition, we have several Workshops and Seminars, customized to meet the specific training needs of your organization. For more information, contact Cherryll today!.
| | | | | Brief Survey Request
We're doing a brief survey of of your key Human Resources issues and would appreciate you answering 6 short questions. We'll be sharing the results in our next ezine.Please click here to take the survey.
Great resource for companies and job seekers
The KIT (Keeping in Touch) List is a terrific resource to help good people find the right job opportunities. It's a daily email job posting service for permanent or consulting job opportunities offered by employers and recruiters to over 65,000 KIT List recipients (professionals referred by business colleagues and friends). It's free to recipients and very reasonably priced for companies to post a job. Check it out..... www.kitlist.org
| | | | |  Cherryll Sevy has been elected President of Friends Outside in Santa Clara County for 2009-2010. She is currently seeking donors to "Adopt a Family" for the holidays. If you are interested, please contact her immediately for more information. This is an incredibly heart-warming opportunity to make a Christmas very special for a family in need. It also makes a great "team" event for your company or department.
Marc Haberman is Co-Chairing the 2010 Cupertino Rotary Golf Event again this year. It will be held in May 2010. Last year, Marc and his team raised over $55,000 for a local charity at this event.
Cherryll ran the San Jose Rock N' Roll ½ marathon in October, finishing 4th in her age category! She looks forward to finishing first when she's in her 80's.
Cypress Ridge Solutions is now on Facebook. Become a fan of CRS and stay up to date on current events and insights. Our blog is coming very soon!
If you found this newsletter interesting and the information valuable, we'd really appreciate you using the "Forward to Colleague" link at the top of the page to send it to someone you think would appreciate it. Our business has grown by referrals from our clients and we are very appreciative of the trust our clients have in what we do and the results we achieve.
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phone: 408.358.7794 | |
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