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Other Added - Looking for Non-Cash Compensation Data?
People who own and operate trucking companies know the importance of having a freight bill paid on time. In fact, it is not only important it is vital to the trucker's success in business. Discovering ways around finding a good paying client that only pays every 30 or 60 days can be a very stressful period. Finding a way to pay for the fuel and manpower to continue operating while waiting for payment is the number one issue that faces most trucking companies. Freight bill factoring has become mainstream in today's trucking industry and offers a solution that can't be found anywhere else.Freight bill factoring has become wildly popular in the past decade within the trucking industry. The practice of freight invoice financing removes the prolonged waiting period to get paid and has most freight bills paid within a few working days. How it works is that a trucking company will sell their existing freight invoices to the freight factoring company who in return, purchases them from the trucking company and waits for payment. After all, this is their business is to wait for other people's payments while making available the cash from the freight bills as though they were already paid.Freight bill factoring is very easy to use and simple to understand fo
The domestic kitchen furniture segment in the United Kingdom experienced steady growth in the early part of this decade. However, the overall market value declined in 2005 for the first time since 1999.The market experienced steady growth between 2000 and 2003. Growth slowed a bit during 2003/4, following a series of interest rate increases, a less robust housing market and a high level of price competition. During 2005, new house building levels in the private sector remained relatively static, which, along with a downturn in UK consumer spending on RMI (repairs, maintenance and improvements), resulted in the weakest market for some years.More recently, the poor performance of some companies, particularly those supplying and/or operating in the retail sector, such as MFI, has impacted on overall market performance, particularly given MFI’s significant market share.The value growth of the kitchen furniture market is forecast to remain relatively low over the next two years as a result of the deferral of high ticket purchases by consumers, slow progress in the house building sector and the high level of price competition in the furniture sector.Key issues influencing the UK domestic kitchen furniture market in recent years incl
An ECS reader recently asked about where to find reliable data that can be used to compare non-cash compensation among executives within the not-for-profit (NFP) sector: Compensation Committees need to evaluate this component of the pay package for purposes of satisfying the “rebuttable presumption of reasonableness” under Section 4958 of the Internal Revenue Code. In this article, ECS Editorial Advisory Board member Paul Dorf identifies a number of potential sources – Ed.
The analysis of executive compensation within the not-for-profit organization(NFPs) is relatively systematic in its methodology. The IRS allows for the use of for-profit and not-for-profit compensation data to determine reasonable pay, based on the evaluation of comparably situated organizations. The first question of determining reasonable comparisons isn’t difficult per se, but it does require some thought on the part of the Compensation Committee and the organization’s top management.
There are a number of criteria to consider, including the characteristics of the organization (foundation, health care, public charity); the organization’s current financial condition and over financial stability; the geographic area in which the organization operates; and the scope of the position for which data is sought.
Once these criteria have been defined, compensation information can be sourced from the following materials:
· Published compensation surveys that provide data on the not-for-profit industry, either specifically or with specialized cuts
· Compensation surveys that cover for-profit participants, but with cuts that delineate compensation data specific to the organization
· Form 990 data from a representative group of comparably situated not-for-profit peer organizations, that fit the criteria listed above
· Proxy data from a group of comparably situated, for-profit organizations that also compare on the criteria listed above. This method, however, can only be used in very limited situations, and when utilized, must be evaluated cautiously so as not to over-inflate the overall assessment of market compensation
A Thorough Evaluation
Identifying a group of peer organizations requires a thorough evaluation of the characteristics of each organizations targeted for comparison. The first step in this process is to consider direct competitors for services: For example, if a mental health provider located in the New York metropolitan area was seeking to identify peers, the organization would target similar providers within a reasonable radius of its service area, with those providers having similar financials to the organization. This provides the most relevant comparator data for determining reasonable market compensation for an organization’s positions. In addition, other not-for-profits in the overall industry sector that may compete for the same talent can also be targeted. Using this same example, crisis centers, hospitals, primary care providers, etc. can also compare to a mental health facility, since the talent needed to mange one of these organizations is generally transferable to any of the others. Lastly, NFPs that don’t otherwise compare from an industry/service standpoint but have similar financials to the organization seeking the data, can also be targeted for some of the more interchangeable positions (Chief Financial Officer, General Counsel, etc.), but this data should
Part 3 of Having a Successful BusinessI’m glad you asked! In this section, our discussion will show you one of the fastest growing industries and how you capitalize NOW!Do you remember the question asked in the first section of this series: How big of a slice of the pie are you willing to cut for yourself?Before you can answer the question above, here is a monetary value to consider. Do you really need “a slice” if an industry is expected to make over a TRILLION dollars within the next decade?I’m going to tell you why the Health and Wellness industry is making some really big waves.When talking about that amount of money, I would be happy just licking the knife that’s cutting this pie! This is what the Health and Wellness industry is expected to make.Here is the kicker. You can achieve massive success while doing this part-time from home! You can keep your full-time job, if you so wish, until your business surpasses that income.Now there are a lot of beliefs floating around about working from home. Some are good, some are bad. All are based on opinion.The one thing that is for sure is that there is a HUGE amount of money flowing into this industry. Working part-time now to solidify security in the fu
There are a number of criteria to consider, including the characteristics of the organization (foundation, health care, public charity); the organization’s current financial condition and over financial stability; the geographic area in which the organization operates; and the scope of the position for which data is sought.
Once these criteria have been defined, compensation information can be sourced from the following materials:
· Published compensation surveys that provide data on the not-for-profit industry, either specifically or with specialized cuts
· Compensation surveys that cover for-profit participants, but with cuts that delineate compensation data specific to the organization
· Form 990 data from a representative group of comparably situated not-for-profit peer organizations, that fit the criteria listed above
· Proxy data from a group of comparably situated, for-profit organizations that also compare on the criteria listed above. This method, however, can only be used in very limited situations, and when utilized, must be evaluated cautiously so as not to over-inflate the overall assessment of market compensation
A Thorough Evaluation
Identifying a group of peer organizations requires a thorough evaluation of the characteristics of each organizations targeted for comparison. The first step in this process is to consider direct competitors for services: For example, if a mental health provider located in the New York metropolitan area was seeking to identify peers, the organization would target similar providers within a reasonable radius of its service area, with those providers having similar financials to the organization. This provides the most relevant comparator data for determining reasonable market compensation for an organization’s positions. In addition, other not-for-profits in the overall industry sector that may compete for the same talent can also be targeted. Using this same example, crisis centers, hospitals, primary care providers, etc. can also compare to a mental health facility, since the talent needed to mange one of these organizations is generally transferable to any of the others. Lastly, NFPs that don’t otherwise compare from an industry/service standpoint but have similar financials to the organization seeking the data, can also be targeted for some of the more interchangeable positions (Chief Financial Officer, General Counsel, etc.), but this data shoul
Publishing Guidelines: You may publish my article in your newsletter, on your website or in your print publication provided you include the resource box at the end. Notification would be appreciated but is not required.On this digital Century the business administration is radically moving for new ways, for the Next-Generation of Business Administration. For that reason, this series of articles will show some tips on that new way of doing business.What is Business Intelligence & Data Mining BI?: Optimize - At this stage, the enterprise's knowledge workers are very focused on incremental process improvements and refining the value-creation process. Everyone understands and uses analysis, trending, pattern analysis, and predictive results to increase efficiency and effectiveness. The extended value chain becomes increasingly critical to the organization, including the customers, suppliers, and partners who constitute intercompany communities.What is Business Intelligence & Data Mining BI?: Retailers are telling us over and over that they are seeking a single, stable, reliable, and proven provider of superior BI solutions. They are implementing projects that span multiple years and will deliver value for years to come.What is Business
· Published compensation surveys that provide data on the not-for-profit industry, either specifically or with specialized cuts
· Compensation surveys that cover for-profit participants, but with cuts that delineate compensation data specific to the organization
· Form 990 data from a representative group of comparably situated not-for-profit peer organizations, that fit the criteria listed above
· Proxy data from a group of comparably situated, for-profit organizations that also compare on the criteria listed above. This method, however, can only be used in very limited situations, and when utilized, must be evaluated cautiously so as not to over-inflate the overall assessment of market compensation
A Thorough Evaluation
Identifying a group of peer organizations requires a thorough evaluation of the characteristics of each organizations targeted for comparison. The first step in this process is to consider direct competitors for services: For example, if a mental health provider located in the New York metropolitan area was seeking to identify peers, the organization would target similar providers within a reasonable radius of its service area, with those providers having similar financials to the organization. This provides the most relevant comparator data for determining reasonable market compensation for an organization’s positions. In addition, other not-for-profits in the overall industry sector that may compete for the same talent can also be targeted. Using this same example, crisis centers, hospitals, primary care providers, etc. can also compare to a mental health facility, since the talent needed to mange one of these organizations is generally transferable to any of the others. Lastly, NFPs that don’t otherwise compare from an industry/service standpoint but have similar financials to the organization seeking the data, can also be targeted for some of the more interchangeable positions (Chief Financial Officer, General Counsel, etc.), but this data shoul
I used the word develop, not write on purpose in the title of this article. While your Operations Manual, Ops Manual, is a crucial tool in your Internal Management tool kit, you don't really write it.Instead you collect it. You gather in one place lots of the bits of information your business depends on to run smoothly, face crises calmly, and allow you to back fill in a hurry. With a complete Ops Manual in place, you, or someone you designate, can act quickly to serve a client, get you out of a stuck spot, carry on when you're unavailable. You get the idea. Major Beer Truck insurance.With a good Ops Manual, you'll never again search for the product code or password for your software, miss a deadline for domain registrations, lose the number of the ink for your letterhead, or the contact number for crucial vendors and suppliers.Get started by adding an electronic sub-folder to your version of "My Business Administration" folder on your hard drive. Then start an electronic "Ops Manual" document (which you will print out in case of power failure, right?). Format the text with header style so you'll be able to quickly add a table of contents when you're finished. By adding a header and a footer with title, page numbers and file name and path (
A Thorough Evaluation
Identifying a group of peer organizations requires a thorough evaluation of the characteristics of each organizations targeted for comparison. The first step in this process is to consider direct competitors for services: For example, if a mental health provider located in the New York metropolitan area was seeking to identify peers, the organization would target similar providers within a reasonable radius of its service area, with those providers having similar financials to the organization. This provides the most relevant comparator data for determining reasonable market compensation for an organization’s positions. In addition, other not-for-profits in the overall industry sector that may compete for the same talent can also be targeted. Using this same example, crisis centers, hospitals, primary care providers, etc. can also compare to a mental health facility, since the talent needed to mange one of these organizations is generally transferable to any of the others. Lastly, NFPs that don’t otherwise compare from an industry/service standpoint but have similar financials to the organization seeking the data, can also be targeted for some of the more interchangeable positions (Chief Financial Officer, General Counsel, etc.), but this data shoul
What to Consider When Choosing a Dallas Janitorial Services CompanyAre you a homeowner or a business owner in or around the Dallas area? If you are, are you also in need of cleaning assistance. If so, did you know that you may be able to hire the services of a Dallas janitorial services company? Dallas janitorial services companies employ highly trained and qualified individuals to do your cleaning for you. The only problem that you may have is choosing which Dallas janitorial services company you would like to do business with, as you have a number of different choices.When it comes to choosing a Dallas janitorial services company to work with, there a number of important factors that you will want to take into consideration. Perhaps, the most important factor to take into consideration is your budget, if you have one. Whether you are running a business or just looking to have a professional Dallas janitorial services company clean your home, you won’t want to spend too much money, especially if you are limited on the amount of money that you have to spend. It may first be a good idea to contact local Dallas janitorial services companies and request free price estimates or quotes. This will give you a starting point, as it will let you kn
Published surveys provide for a readily available, often cost-effective means by which to collect data. Although the data is not always presented in a format that allows for a definitive match to the organization seeking comparator numbers, published surveys provide a good starting point for the collection of data. Form 990s, on the other hand, provide actual compensation data against which to compare the organization’s pay package and can serve to validate the findings from the published surveys. Relevant data can be found within Part V-A — Current Officers, Directors, Trustees, and Key Employees, under the following three components:
1. Column (C) reports salary, fees, bonuses, and severance payments paid, as well as current-year payments of amounts reported or reportable as deferred compensation in any prior year.
2. Column (D) includes all forms of deferred compensation and future severance payments (funded and unfounded, vested and non-vested, qualified and non-qualified), as well as payments to welfare benefit plans (medical, dental, life insurance, severance pay, disability) on behalf of the officers, etc. The IRS allows for reasonable estimates to be used if precise cost figures are not readily available. Deferred compensation, such as salaries and other compensation earned during the period covered by the return but not yet paid date the organization files its return - is also reported here, unless the amounts were reported in column (C).
3. Column (E) includes both taxable and nontaxable fringe benefits (other than de minimis fringe benefits), and expense allowances or reimbursements that the recipients must report as income on their separate income tax returns. This includes payments made under indemnification arrangements, the value of the personal use of housing, automobiles, or other assets owned or leased by the organization (or provided for the organization's use without charge), as well as any other taxable and nontaxable fringe benefits.
Form 990 Challenges
In theory, the compensation information disclosed in the Form 990 filings of not-for-profit organizations represents a true and accurate depiction of the elements of compensation that comprise each named executive’s total compensation package. However, many NFPs have had trouble completing these forms correctly. While Columns (C) and (D) are relatively straightforward, experience has shown that some organizations don’t accurately disclose the value of fringe benefits and non-cash compensation, which makes a true calculation of market compensation less likely. Some other challenges in obtaining data from 990s include:
· Effectively define which other NFPs represent a “peer” of the organization seeking data from the operational an
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