Canadian Payroll Reporter

CANADIAN PAYROLL REPORTER PUBLISHED BY CANADIAN HR REPORTER www.payroll-reporter.com THE COMPLIANCE AND STRATEGY SOURCE FOR PAYROLL AND HR PROFESSIONALS How much is that CEO in the window? Calculating worth of a good name to head the organization not always easy | BY ZACHARY PEDERSEN | "The first thing you need to define is reputation. Is it reputation in busiBEFORE J.C. PENNEY brought back its ness as a results oriented executive?" former CEO on an interim basis in he says. "Is it the fact that you're April, the U.S. retailer hired former known for being a great business Apple executive Ron Johnson in 2011 manager or is it that you're known to breathe new life into the company. for being somebody that was success"J.C. Penney said we need a new ful somewhere?" CEO, but we need a CEO that can This is where the concept of the change us," says Dan Walter, presirock star CEO begins to appear — a dent and CEO of San Francisco-based term Walter calls "ridiculous." Performensation, a compensation "If you think about most rock consulting firm. "The first thing they stars, very few of them were successhad to do was look ful in their second for people who or third band after "If you think about most were known for rock stars, very few of them becoming a star," change and preferhe says. "I think were successful in their able for change the same is true that J.C. Penney for CEOs — once second or third band after thought would be becoming a star. I think the you're a star useful for them." somewhere, it's same is true for CEOs." Johnson had truly rare to find been well known an individual that for his work with Apple, pioneering will be a star somewhere else." the concept of the Apple retail store While Walter admits there are and its "Genius Bars." some instances where a CEO shows A company like J.C. Penney may great success in more than one have looked at the reputation company, it's uncommon to find a CEO Johnson developed during his previwho has delivered the same level of ous employment and attempted to success after jumping companies. put a value on it while making an "That's why a lot of times, the less offer to him to lead the company, visible but more known for their Walter says. management skills — that type of Determining the worth of a CEO CEO is often someone where the repmay be dependent on one's reputautation (is) actually a better compotion, but a lot of how it's weighed is nent to measure," Walter says, what the company has determined as continued on page 6 its needs for a CEO, he says. MAY 2013 INSIDE THIS ISSUE EXCEEDING AN EXPAT'S EXPECTATIONS Salary, premiums, allowances and incentives should be on the table ........3 NEWS BRIEFS CRA putting more resources into international tax evasion • Average weekly earnings up 0.1 per cent in January • Number of EI recipients unchanged in February • 94 per cent of Canadians file taxes each year ..............4 ASK AN EXPERT Taking vacation in periods of less than 1 week ................................7 Federal budget scarce on payroll changes No changes in tax brackets, rates | BY MELISSA MANCINI | THE FEDERAL BUDGET had relatively few payroll-related announcements this year. "With federal budgets, you're always looking for tax increases or a reduction in taxes but basically in this years' budget there was no announcements referring to any tax changes," said Annie Chong, manager of the payroll consulting group at Carswell, a Thomson Canadian HR Reporter, a Thomson Reuters business 2013 continued on page 2

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