Report Shows Booming Economy and Flat Wages in Q3
Payscale released their Q3 2018 PayScale Index yesterday. The aim of the research is to identify and track quarterly and annual compensation trends (as well as forecast the next quarter).
Tag: Compensation
Ghost Employees: Stop Losing Money to Phantom Employees
We may still be a ways from Halloween, but some spookier lore lingers all year round—like that of the mysterious “ghost employee.” And what exactly is a ghost employee?
New Study on Small Businesses: Wage Growth Declining, Hours Worked Increasing
A recent study by Paychex sought to explore trends in wage growth and hours worked among small businesses. That report shows that small business wage growth has decreased, despite an increase in weekly hours worked.
Engagement and Retention Crisis: 46% of Workers Feel Underpaid
We all know that unemployment has reached record lows. Employees might be wondering when they will start getting paid more, given that competition for talent should be severe. Research shows that is not happening. How do employees feel about this discrepancy? New research shows that nearly half of all employees think they are not being […]
What Would Employees Give Up for a Raise?
There are many factors that influence employee satisfaction. Obviously, one of the first to come to mind is compensation. Whether it’s a salary or bonus, you’d be hard-pressed to find an employee who wouldn’t like a little extra in his or her paycheck.
New Survey Shows Salary Increase to Remain Flat
Salary increases have been fairly stagnant lately. That has been a surprise to many analysts due to typically strong correlations between low unemployment and wage growth. A new study shows that stagnation is likely to continue.
Missing Participants Errors Now Top DOL, IRS Audit Focus, Nudging Out Late Payroll Deposits, Winston & Strawn Says
Federal agency audits are never far from the minds of employer retirement plan sponsors and their third-party administrators (TPAs), but knowing which recurring errors and internal controls most interest the Department of Labor (DOL) and the Internal Revenue Service (IRS) right now can be helpful in avoiding or preparing for such inquiries.
Still No Equal Pay for Equal Work Says CareerBuilder Survey
A recent survey by CareerBuilder shows that nearly a third of women do not believe that they are making as much as their male counterparts, even though they have similar experience and qualifications. The same study shows that 12% of men feel that way.
How to Fix Unequal Pay
Employers know that they have a legal obligation to have fair pay practices. The pay offered should not be discriminatory and should strive to equally pay employees who do the same work. There will always be allowances for differences in performance and other permissible factors, but pay differences should never be based on discriminatory reasons—not […]
Results from Three New Comprehensive Surveys on Compensation
At the recent WorldatWork’s 2018 Total Rewards Conference Pearl Meyer announced three comprehensive surveys aimed at helping HR professionals understand current trends in compensation and hiring. Each of these periodic reports, updated for 2018, includes detailed information that cannot readily be obtained from other data sources.