January 2006 Minutes

I.                   Introduction

a.      Katie Hegseth (FMHRA)

b.      Rachel Hall – President

II.               Speaker – Lisa Marker from Noridian (Compensation & Benefits Manager)

a.      How much am I worth? Am I worth more?

                                                              i.      The compensation and benefit challenges encountered in the workplace and how HR has responded.

                                                            ii.      Survey done by SHRM & CNN = 2004 Top 21 Job Satisfaction

1.      Benefits

2.      Compensation

III.            What Noridian has done

a.      Benefits

                                                              i.      #1 in survey of Benefits offered

                                                            ii.      Healthcare

1.      H, D, V

2.      Co Cont

3.      Coverage (80:20)

4.      Domestic Partner Benefits

                                                          iii.      Retirement

1.      401K

2.      Pension

3.      Retiree Health

a.      30 years = single health coverage

b.      When spouse reaches 65... 100%

4.      LTC/Life

                                                          iv.      Other

1.      Life insurance (Twice salary)

2.      Disability (Banks)

3.      PTO/Holidays

4.      EAP

b.      Compensation

                                                              i.      Fixed Pay

1.      Salary (annually/hourly)

2.      OT & Shift Diff

3.      PTO/Holiday included

                                                            ii.      Variable Pay (Sales & Marketing)

1.      Commissions

2.      Pay-at-Risk (Company goal performance)

3.      Bonus

                                                          iii.      BOTH – Pay for Performance

1.      Popular for High Performers reviewed once a year – new salary starts January 1

c.       Valuing Compensation

                                                              i.      Internal Equity Vs External Competitiveness

1.      Job Evaluation Committee Vs Salary Surveys

d.      Flexibility to balance work/life issues

                                                              i.      Appreciate life outside of work

e.      Communication between employees & management

                                                              i.      Great Place to Work Survey

f.        Recognition

                                                              i.      R.A.V.E – Recognizing the Actions and Values of Employees

                                                            ii.      Service Awards

                                                          iii.      10 & 20 Year Clubs

g.      Corporate Culture

                                                              i.      Values – DICE (Dynamic Workplace, Integrity, Customers, Excellence)

h.      Noridian’s Wellness Program

                                                              i.      Fitness Center

                                                            ii.      Tobacco Free Policy (new this year!)

                                                          iii.      Health & Benefits Fair

                                                          iv.      Pedometer Logs (win prizes)

                                                            v.      Etc…

i.        Career Development

                                                              i.      Corporate training

                                                            ii.      Plan/Goals

                                                          iii.      Promotions

IV.             HR Responsibilities

a.      SURVEYS

b.      Know motivations

c.       Mix of Benefits that retain and motivates