Compensation

Posts Tagged Compensation

81% of employees report overall happiness with their work, unchanged from previous year

ALEXANDRIA, Va. — After enduring years of frozen wages or small pay increases, U.S. employees are now tying compensation to how happy they are at work, according to Job Satisfaction and Engagement: The Road to Economic Recovery, a research report released today by the Society for Human Resource Management (SHRM). 

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May 12, 2014
 
'Tis the season. No, not that season, but the time of year when employers ask, "Can we still use unpaid interns?" The answer is a qualified, "Yes!"  The key is ensuring you and the intern meet certain criteria (what else is new?). 
 
First, let's bust a few myths and misconceptions.
  1.  If I use a student as part of a local college or university's internship program it's OK if it is unpaid. Not necessarily. The source of the intern is not a factor in determining whether an intern must be paid or may be properly unpaid.
May 7, 2014
 
The argument can be made that, in a period of heightened unemployment, any work is good work. But a new government report on the labor market shows a post-recession prevalence of low-wage, low-skill jobs, and it could present trouble in the future for the U.S. economy. 
 
May 6, 2014

 

Be prepared to explain your rationale for changing the incentive mix 

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May 6, 2014

Employers that offer them expect greater effort in return, study finds 

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May 5, 2014
 
Amazon.com will pay unhappy employees a bonus—up to $5,000—to leave, in a program that the online retail behemoth calls “Pay to Quit.”
 
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April 21, 2014

Many big retailers including Target, Home Depot and Wal-Mart recently announced moves to drop health benefits for their part-time employees, claiming the move is better for workers now eligible to receive federal subsidies or tax credits under the Affordable Care Act (ACA) for policies purchased through a public insurance exchange.

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April 2, 2014
 
An overwhelming percentage of organizations rely on incentive-based pay practices to compete for top talent and to motivate employees. And, especially when it comes to short-term cash incentives, employers are offering a broader array of bonus rewards, confirms a new survey conducted by WorldatWork, an association of total rewards professionals, in conjunction with Deloitte Consulting and Vivient Consulting.
 
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March 31, 2014
 
Bitcoin has appeared to be on the ropes since the Feb. 28, 2014, collapse of Mt. Gox, an exchange for the digital currency that is not issued by any government. But suppose bitcoin survives—and even thrives—as the launch of the first bitcoin exchange in New York suggests. Could employees asking to be paid in bitcoin be that far behind? In some cases it’s already happening.
 
Bitcoin Compensation
 
News Updates
March 10, 2014

On July 1, 2014, the first phase of California’s minimum wage increase will go into effect, and the wage will rise from the current $8 per hour to $9. Then, in January 2016, the minimum wage will go to $10 per hour.

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February 27, 2014

Nearly every Monday for three years, Paul Guthery III caught a 7 a.m. flight from Raleigh, N.C., to Chicago, arriving at his Northbrook, Ill., office between 8:30 a.m. and 9:30 a.m. 

By 2 p.m. on Friday, the U.S. director of information technology at Potash Corp. was headed out the door for a 4 p.m. flight home to spend the weekend with his wife and grade-school-age son.

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February 25, 2014

Whether or not Congress votes to boost the federal minimum wage of $7.25 per hour, plenty of employers are responding to minimum-wage increasesbeing imposed at the state and local levels, some of which are subject to automatic raises tied to inflation.

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February 19, 2014
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Demand keeps compensation competitive; experience is a plus.

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January 3, 2014
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Despite storm disruptions, "reporting-time pay" laws can require nonexempt employees be paid.

 

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December 31, 2013
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Average base pay increases for 2014 will remain at 3 percent for the second year in a row in the U.S.—roughly one percentage point below pre-recession levels—according to the seventh annual Compensation Planning Survey by Buck Consultants.

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October 21, 2013

It may not be so glamorous working for Gaga.

Stefani Germanotta, better known to you people (I call her Stefani) as Lady Gaga, employed her friend, Jennifer O'Neill, as her personal assistant from in 2009 and again between 2010 and 2011. In 2010-2011, Ms. O'Neill made an annual salary of $75K, for which she claims to have been at Stefani's beck and call 24 hours a day, 7 days a week.

September 17, 2013
Dangle a carrot in front of a horse and he’ll pull the cart faster. Set down a bag of oats and a team of horses will come running. It doesn’t take more than a month in an HR office to figure out that incentives work pretty well on humans, too.
 
News Updates
August 22, 2013

On August 21, @weknownext chatted with special guest Emily Jasper (@emilyjasper) about some of the most important issues that women are currently facing in the workplace and what they can do to get around them.

In case you missed it, here are all of the great tweets from the chat...

 

August 21, 2013
Number of female Fortune 500 CEOs: 21
 
Number of Fortune 500 that have zero female board members: 50
 
Percent that GDP would rise if women were paid equally to men: 5
 
Amount that women lose over the course of career due to not negotiating for raises: $1.5 million
 
August 19, 2013