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Articles by Fay Hansen

The Turnover Myth

June 2, 2005
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Minimizing churn has long been an article of faith for many workforce executives, but others actively manage turnover for maximum financial return. They drive it up when it is too low, push it down when it is too high, and understand its true costs and benefits.
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The Turnover Myth

June 2, 2005
Comments (0)
Minimizing churn has long been an article of faith for many workforce executives, but others actively manage turnover for maximum financial return. They drive it up when it is too low, push it down when it is too high, and understand its true costs and benefits.
Read More

Deflating Compensation

October 1, 2004
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If your salary-increase budget for 2005 is much higher than 3 percent, you're probably overspending. New survey data indicate that increases at large companies will average 3.5 percent next year, marking the fourth consecutive year of increases below the 4 percent average that characterized budgets before the economic downturn. What's behind the trend? Soft labor markets that will continue into 2005 and well beyond, increasing the need for annual pay increases designed for optimal hiring and retention. "There's no war for talent," says Mercer Human Resource Consulting's Steven Gross.
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Maintaining the Low-Cost Advantage

May 29, 2004
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Anxiety about the cost of offshore wages may be misplaced.
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Sitting on Labor Costs

May 29, 2004
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Employers will see fairly flat unit labor costs into 2005, but will have to slash benefit costs to wring additional savings out of compensation. Benefit-cost increases have outpaced wage increases since June 2000 and now stand at their highest level in two decades.
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A Double Blow to Split-Dollar Life Insurance

March 16, 2004
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Finance experts say to take a second look at your policies--even those that you don’t typically think of as “split dollar.”
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Textron Turns to Consumer-Driven Health Care

September 18, 2003
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The company says "the typical solutions of decreasing benefits and increasing premiums were unacceptable."
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Opting for Work-Life Imbalance

September 18, 2003
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Many employees view long hours as a necessary evil.
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Consumer-Driven Health Plan Design Imperatives

September 18, 2003
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A carefully designed plan can save 20 percent the first year.
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