Compensation Matters

 

 

 

October 2016

Volume 22, Issue 4

Table of Contents

  1. From the Chair
  2. Member Meeting
  3. Education
  4. Membership
  5. People on the Move
  6. The Silent Raise

  

 

 

At our August Meeting, we were able to raise $334 for the Second Harvest Food Bank of Metrolina. This is the equivalent of 2,338 pounds of food, which will feed 1,559 individual meals in the metrolina area. "[This] was all due to the forethought, kindness, and spirit of giving of your group." - Lisa Marie Nisely, SHFBM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As a Member of CACC, you receive discounts on your WorldatWork Classes!

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

Interested in the Mentorship Program? 

There is always a good time to join our mentoring program. Contact Kris Eddy, Mentoring Director, if interested at [email protected]

 

 

 

 

 

 

 

 

Remember: As a CACC Member, you get a free 30-day job posting on the Career Opportunities Section of the website.  Email submissions to [email protected]

 

 

 

 

 

 

 

 

send e-mail to [email protected] to request information on sponsorship opportunities for your company! 

 

From the Chair

Hello CACC Members!

With all the hot compensation topics, it's easy to lose track of changes to benefits that are affecting our bottom lines. Our August meeting was a great reminder of the impact these changes are having on all of our organizations! Bob Kovacs with Compass Group gave a firsthand account of the impacts of ACA that was much appreciated. To follow up, be sure to read below CACC Board member Lee Diamond's piece, "Silent Raise" - it's some very timely food for thought.

Speaking of food... we truly want to thank all of you for your generous donations to Second Harvest; Lisa Marie and her team are so grateful your continued support!

As we push through the end of the year, remember to take advantage of your membership and all CACC has to offer! Join us for one (or all!) upcoming events - WorldatWork courses October 10th & 11th; Member Meeting November 2; and our Fall Social in November. 

Our new logo will be on display at all events where we invest in our members by: 

Investing in careers.
Investing in professionals.
Investing in community.

Hope to see you all soon,

Megan Blankemeyer, CCP
2016 CACC Chair


 Member Meeting

We are pleased to have Jeremy Spake, Principal Consultant with Cornerstone, join us for our November meeting to talk about Trends in Performance Management & Compensation. With many companies conducting performance reviews at the end/beginning of the year, this presentation comes at a great time. During this meeting, Jeremy will discuss emerging trends in performance management, case studies of companies, such as Adobe, who moved away from the 'annual review', as well as the compensation considerations for the emerging performance management systems.

Jeremy has a wide range of experience as both a business leader and consultant in compensation, mergers & acquisitions, workforce analytics, and strategic planning. His areas of focus include, but are not limited to, improvement and change initiatives in the areas of compensation planning; short- and long-term incentive plan design; merit budgeting and salary structure development; executive change-in-control, and retention and severance planning.

We hope that you can join us. Meeting details and registration information is below.

  • Date: Wednesday, November 2, 2016
  • Time: 7:30 AM to 10:30 AM
  • Location: Crowne Plaza Charlotte Executive Park at 5700 Westpark Drive, Charlotte, NC 28217
  • Cost: CACC Members are Free; Guests $35

To register for the November Meeting, click here or visit www.caccweb.comYou must be logged in for the registration to receive your member discount. For your convenience, payments can now be made online. 

Please register by Noon on Monday, October 31, 2016.  

We look forward to seeing you at the meeting on Wednesday, November 2, 2016

Sheryl J. Solomon, CCP, SPHR
2016 Member Meeting Director 


Education

Last chance to attend Charlotte-area [email protected] courses in 2016

October 10 - 11, 2016
C12 Variable Pay - Improving Performance with Variable Pay

Course Delivery Method

CACC Member Pricing

WorldatWork Member Pricing   (non CACC member)

WorldatWork Non-Member Pricing   (non CACC member)

2 Day Course   with Exam

$1,350  
10% discount off WorldatWork rate

$1,495

$2,200

2 Day Course   without Exam

$1,390

$1,390

$2,085

  Prices subject to change without notice.

 

SAVE-THE-DATE FOR 2017 CLASSES:

May 8 - 9, 2017
GR7-International Remuneration-An Overview of Global Rewards
T2-Accounting and Finance for the Human Resources Professional

July 17 - 18, 2017
B3A-Health and Welfare Plans - Strategic Planning and Design
C1-Regulatory Environments for Compensation Programs

October 9 - 10, 2017
C4-Base Pay Administration and Pay for Performance
C8-Business Acumen for Compensation Professionals

To register, or get more information, contact WorldatWork Customer Relations at (877) 951-9191 or visit www.worldatwork.org

Space is limited, so sign up now for WorldatWork Courses Sponsored by the Charlotte Area Compensation Council. All classes include breakfast & lunch!

Location of CACC Classes: 

Crowne Plaza Charlotte Executive Park (formerly the Charlotte Marriott Executive Park) 
5700 Westpark Dr 
Charlotte, NC 28217 
Phone: 704 527-9650

Partnering with WorldatWork, CACC is committed to providing the compensation and benefits professionals within our community the tools, resources and quality education for you to succeed.  The WorldatWork Society of Certified Professionals provides HR professionals worldwide with six prestigious designations in key areas of total rewards: compensation, benefits and work-life.

Already started? Review the Certification Status page to see your progress on the WorldatWork Society of Certified Professionals' designations.

Not certified? Take the first step to enhancing your professional future¿ 

Sarah Holmes, SPHR, SHRM-SCP, CCP, CBP, GRP 
2016 Education Director


 Membership

Spotlight on Members

Please join us in congratulating the following CACC members for achieveing the Certified Compensation Professional (CCP) designation!

  • Jake Stewart
  • Ashley Allen

Benefits to CACC Membership:

  • Quarterly Member Meetings that provide networking opportunities as well as continuing education on current topics and practice trends;
  • WorldatWork Certification Courses, offered locally with a price discount for members to help you achieve, and maintain, your CCP or CBP certification;
  • Compensation Matters Newsletter, published quarterly covering hot topics, upcoming events and CACC news;
  • Semi-Annual Social Networking Event, that gives members the opportunity to meet in an informal social setting, held at various locations;
  • The CACC Website [www.caccweb.com] for easy access to member information, calendars, member meetings, and job postings;
  • The CACC Membership Directory for contacting and networking with other CACC members; and
  • The Annual Membership Needs Survey to ensure that members have direct input into the planning and scheduling of programs and events.
  • Acccess to the new CACC LinkedIn group.

Caroline Dellinger
2016 Membership Director


People on the Move

Below are special announcements about our CACC members and their recent accomplishments!

  • Lisa Cowart has joined Hagemeyer NA as Director, Compensation

  • Jennifer Solomonson has joined Compass as HR Business Partner

Know any People on the MoveIf you would like to highlight somoene "on the move" in the next newsletter, please contact the CACC Administrator at [email protected].


The Silent Raise

By Lee Diamond, Treasurer, CACC Board of Directors

If a tree falls in a forest and there is no one there to hear it, did it make a sound?  The same is true with a raise.  If an employer gives an employee a raise and the employee doesn't know it, is it a raise?

According to the 2016 Colorado Employer Benefits Survey Report by Lockton Inc. 38% of the companies surveyed revealed that they are absorbing the full increase in medical insurance premiums for the coming year.

If the employer chooses, to absorb the medical insurance premium cost increase, as 38% of the respondents have, the employee has received a "silent raise". 

Let's do the math.  According to the National Conference of State Legislators the average annual cost for family coverage is $17,500. They also suggest the renewal rate increase prior to implementing any cost saving measures such as higher deductible and copays is expected to be around 8%.

                            $17,500 X 8% = $1,400 increase in premiums

The "silent raise" for someone making $10 an hour could be as high as 6.7%.

By highlighting the costs absorbed by the company, Total Rewards Statements can help an employer get full value for this silent raise.  

To read Lee's complete article that includes various shift strategies of employers in the U.S., as well as scenarios of annual salaries and silent raise equivelants, click here.

Contact: [email protected]
Tel: 704.785.4485

 
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