Compensation

Posts Tagged Compensation

Unusually severe storms like Hurricane Sandy can result in unusual working arrangements that raise out-of-the-ordinary wage and hour questions.

Suppose employees volunteer to perform recovery services for employers. That may sound nice, but “the Fair Labor Standards Act (FLSA) does not permit employees to volunteer unpaid time to the employer under any but the narrowest of circumstances,” Lawrence McGoldrick, an attorney with Fisher & Phillips in Atlanta, told SHRM Online.

News Updates
November 2, 2012

Many American workers can expect gains in compensation in 2013, although wage growth continues to make slow strides in the post-recession economy.

U.S. employees should see median base salary increases of 3 percent in 2013, according to global consultant Hay Group. When an anticipated consumer price growth of 2.2 percent is factored in, workers will see a net gain of 0.8 percent in pay in 2013—an improvement from a net loss of 0.6 percent in 2012.

News Updates
October 16, 2012

When employers act as though the 1959 song “Money (That’s What I Want)” represents employees’ top priorities in the workplace, they miss some of the most important drivers of satisfaction and engagement.

“It is well known that money is a short-term motivator,” Jayne Mattson, senior vice president, Keystone Associates, told SHRM Online. Ultimately, employees look for an organization and position where their values are met, core skills are utilized and work tasks align with interests, she said.

News Updates
August 14, 2012

In case you missed it, here’s what happened on We Know Next this week.

The proportion of employees in the U.S. who work predominantly from home or another remote location has, over the last decade, more than tripled in many industries, while nearly doubling nationwide among all full-time workers, according to a 2012 report by The Conference Board, a not-for-profit business membership and research association.

News Updates
July 27, 2012

Many organizations’ pay decisions may be  unbalanced because they are too focused on external comparisons. Instead, they should spend more time looking internally to measure the actual business impact of their pay practices, according to compensation specialists who analyzed the results of the 2012 Metrics and Analytics: Patterns and Use of Value survey.

News Updates
July 27, 2012

Recognized as a leading expert on executive compensation, Robin A. Ferracone combines her own 20 years of experience with interviews with executives and compensation committees to provide a clear examination of and guidance on determining pay packages, actions, and designs in Fair Pay, Fair Play.

July 17, 2012

New Medicare taxes on high earners, imposed under the Patient Protection and Affordable Care Act (PPACA), mean big changes in wage withholding, executive compensation and personal financial planning for these employees.

Additional Wage Withholding Required in 2013

News Updates
July 10, 2012

Merit-based salary raises are by far the most frequently used incentive pay program. Unfortunately, they do a poor job of motivating performance, explained John A. Rubino, president of Pound Ridge, N.Y.-based Rubino Consulting Services, during his June 25 session on “Performance Pay Programs that Really Work,” conducted at the Society for Human Resource Management's 2012 Annual Conference and Exposition held here June 24-27.

News Updates
July 5, 2012

HR professionals may be familiar with the ins and outs of wage and hour laws, but managers often are not, Gregory Hare, an attorney at Ogletree Deakins in Atlanta, told attendees at a concurrent session on Monday.

Equally troubling is employees’ argument that they were unaware of an employer’s wage and hour policies. Don’t leave room for that argument—it could spell trouble in wage and hour litigation, he cautioned.

Signed Statements

News Updates
July 3, 2012

Job creation will continue in the manufacturing and services sectors in June 2012, but for the fifth time in the past six months the rate of growth will fall behind that of the previous year in both sectors, according to the latest Society for Human Resource Management (SHRM) Leading Indicators of National Employment (LINE) survey.

News Updates
June 1, 2012

In case you missed it, here’s what happened on We Know Next this week.

The U.S. Department of Labor’s (DOL) wage and hour enforcement under the Obama administration has become markedly more hostile toward employers, according to Paul DeCamp, former administrator of the Wage and Hour Division under President George W. Bush and an attorney at Jackson Lewis’ Washington, D.C., regional office.

News Updates
May 25, 2012

The U.S. Department of Labor’s (DOL) wage and hour enforcement under the Obama administration has become markedly more hostile toward employers, according to Paul DeCamp, former administrator of the Wage and Hour Division under President George W. Bush and an attorney at Jackson Lewis’ Washington, D.C., regional office.

‘New Normal’

News Updates
May 21, 2012

Compensation governance in the U.S. is drawing increased scrutiny as legislators, regulators, shareholders and the news media focus on how—and how much—companies pay employees in general and executives in particular. The attention has been heightened by recent headlines and media stories on perceived abuses in executive compensation, with a specific emphasis on financial services firms.

News Updates
May 2, 2012

In case you missed it, here’s what happened on We Know Next this week.

News Updates
April 27, 2012

The overall median salary in the U.S. for Class of 2012 college graduates is up 4.5 percent over the median posted by the Class of 2011, according to a survey by the National Association of Colleges and Employers (NACE).

News Updates
April 20, 2012

It seems that more of us are thinking about retirement lately. And why not? Everyone enjoys dreaming of their eventual freedom from the working world: random trips to the beach, time to putter around the house and, ahhhhh, sleeping late!

News Updates
March 15, 2012

Half of manufacturing companies and a quarter of service-sector companies polled plan to expand their payrolls in March 2012, according to the Society for Human Resource Management (SHRM) Leading Indicators of National Employment (LINE) survey.

News Updates
March 8, 2012