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A compensation philosophy is a comprehensive statement or policy document of the company's position on employee compensation and it is a commitment to how it values employees. It explains the "why" behind employee pay and creates a framework for consistency.  A compensation philosophy explains how the organization's total rewards are structured in relationship to competitors; whether the organization pays at, above or below the market.  Organizations attract, motivate and retain employees through total reward packages which are a mix of base pay, incentive pay and benefits.  These total reward elements are described in detail in a compensation philosophy.

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Top Stories: Lodging & Gaming
How DoubleTree by Hilton Turned to Video to Engage Travelers
DoubleTree had a website that was essentially dedicated to booking.  They didn't have a way of driving engagement.  So they set up DTour so that people could share their travel experiences through video.  They have one of those specially-created YouTube homepages that has interactive features, including a map where people can click and share their experiences--they can share videos, photos, and travel tips, all through social media.   
(REELSEO)  Read the complete article
Atlantic City Casino Earnings Fall Nearly 45 Percent

Atlantic City's 12 casinos saw their collective earnings fall by nearly 45 percent in the second quarter of 2013, state regulators said Thursday. According to figures released by the state Division of Gaming Enforcement, the casinos made just over $65 million in profits during the second quarter, down from nearly $118 million in the same period last year.

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Hospitality Workers Reveal Their Pet Peeves And Industry Horror Stories
ANYONE who has ever worked in the service industry will know the pain of a demanding customer, rude patron or unreasonable guest. But is the customer always right, or do our mostly-patient waiters and bartenders have the right to the odd Seinfeld soup-Nazi moment?  
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Top Stories: Healthcare
Employed Physicians to See Lower Salary Increases in 2014 Than Group Physicians
Physicians across the healthcare sector should expect a median salary increase of 2.4 percent next year, but hospital-employed physicians are likely to receive lower raises, according to consulting firm Hay Group's 2013 physician compensation survey. 
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Bert Fish Medical Center In New Smyrna Beach Won't Hire Smokers Or Tobacco Users After January 1
In 2009 the hospital became a smoke-free campus. In January 2012, it started charging $25 per paycheck for smokers who elect to take health insurance. "We are in the health care business, and we should be a role model," said Nancy Evolga, executive director of human resources for the hospital. "There is 50 years of data that says tobacco use is bad."   
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ACA Delay On Out-Of-Pocket Costs Has Consequences For Hospitals
The policy adjustment by federal officials allows insurers to set higher limits, or no limit, on some costs in 2014. As a result, patients expecting to pay no more than the ACA's prescribed cap for out-of-pocket expenses ($6,350 for an individual; $12,700 for a family) may find that they owe both the maximum amount for hospital services and an additional maximum amount for prescription drugs.  
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Top Stories: Human Resources
Wal-Mart To Cover U.S. Workers' Domestic Partners In 2014
The world's largest retailer, based in Bentonville, Arkansas, also plans to begin to offer vision care to its eligible employees and their dependents, according to information the retailer sent to workers this week.  
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Health-Care Reform Spurs Medicare Confusion
With the clock ticking down to Oct. 1, the day open-enrollment in health exchanges begins, there's an effort underway to educate Americans 65 about the law, according to a recent article by Susan Jaffe of Kaiser Health News. Amid all the talk of the new health-insurance marketplaces and the penalties that people will have to pay if they don't buy insurance, there hasn't been much communication to Medicare beneficiaries 
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Obama Directs Contractors to Hire More Veterans, Disabled People
The regulations would mandate that vendors set unspecified employment benchmarks for veterans, according to a document posted on an agency website. Contractors would be required to set a goal of having 7 percent of their employees -- in each job category -- be people with disabilities. 
(Bloomberg)  Read the complete article
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