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The first merit matrix was introduced in the early 1970's.  At that time merit pay was seen as a great way to manage employee performance and it seemed to work well with pay increases in the double digits.  Today is a different story, trying to incorporate a performance element when budget increases are 2 or 3% is difficult at best.  A merit matrix allocates budgeted dollars to employees based on two factors: 1) their performance; and 2) their salary's position in the salary range and/or in the market.  However, the merit matrix may not be in line with your compensation philosophy nor meet your salary administration needs by allocating dollars to where you need them most. 

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Top Stories: Lodging & Gaming
Major Hotel Chains Roll Dice On Vegas Casino Partnerships
Casino corporations MGM Resorts International and Caesars Entertainment Corp. have both announced loyalty program partnerships with major hotel chains (Hyatt and Starwood, respectively). The independent Strip casino the Cosmopolitan is also partnering with a hotel company, striking a deal with Marriott.
(Star Advisor)   Read the complete article
Hotels Relax Strict Check-In, Check-Out Rules
Following the lead of the Starwood Hotels group, the Palms Casino Resort in Las Vegas has introduced a 24-hour checkout service that will allow guests to spend a full 24 hours in their room instead of respecting fixed check-in and check-out times, traditionally around 3 pm and 11 am respectively.
(San Jose Mercury News)   Read the complete article
Sands Casino: Customer Data Hacked

Computer hackers stole the personal information of tens of thousands of Las Vegas Sands customers during a data breach earlier this month, the casino company said Friday.

The company said in a regulatory filing that information about some patrons at its Bethlehem, Pennsylvania, hotel-casino was compromised during the Feb. 10 attack.

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Top Stories: Healthcare
Physicians the Latest Healthcare Workers to be Hit With Layoffs
Until recently, few hospitals employed physicians, thus, laying them off would be impossible; as independent members of the medical staff, they weren't actually employed by the hospital. But as that is changing, could physicians be the next workers at risk of losing their jobs?
(Becker's Hospital Review)  Read the complete article
6 Stats on Healthcare Union Membership
Union membership in the healthcare industry varies widely by occupation. For example, 11.9 percent of people in healthcare practitioner and technical occupations were members of unions in 2013, compared with 9.3 percent of healthcare support workers. 
(Becker's Hospital Review)  Read the complete article
Obama's Budget for 2015: 10 Points for Hospitals Know
President Barack Obama has released his fiscal year 2015 budget, which includes more than $414 billion in proposed cuts to Medicare and Medicaid over the next decade.   Similar to last year's budget proposal, most of the reductions would come at the expense of hospitals and health systems. However, the cuts are predominantly back-loaded. 
(Becker's Hospital Review)  Read the complete article
Top Stories: Human Resources
9 Unexpected Hacks in Hiring
The term "work smarter, not harder" comes to mind when developing hacks in business. Thinking outside of the box to get something accomplished is what hacks are all about. Here are 9 quirky and unexpected hiring hacks from myself and a few other HR and recruiting professionals.
(Business 2 Community)  Read the complete article
Managing Superstars
Countless fortunate managers have said, "I have some employees who are so talented, so skilled, and so motivated that all I really want to do is get out of their way. How do you manage a superstar?"
(Huffington Post)  Read the complete article
Using Employee Feedback to Drive Breakthroughs
We who work in the HR sphere can scarcely turn around without hearing, reading and talking about employee engagement yet even though we discuss this topic ad nauseum we still struggle to come up with a common definition ourselves; 
(HR Schoolhouse)  Read the complete article
Employee Verification Is First Step In Managing Workplace Fraud
According to PWC's biennial Global Economic Crime Survey (2011), economic crime continues to rise, growing by 13% since the 2009 survey. Fifty-six percent of respondents said employees were responsible for the most serious fraud, and asset misappropriation (typically undertaken by insiders) was responsible for the majority (72%) of economic crime, although cyber crime is growing strongly.
(IT Web)  Read the complete article
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