Tag: Compensation

IRS

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.

pay

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 […]

ESPP

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.

payroll

4 Challenging Payroll Quirks and Questions for Employers

Usually payroll moves along smoothly. You record time worked and pay the hourly wage or overtime. Still, every once in a while, a situation crops up that makes you shake your head and start frantically thumbing through your policy manual for an answer. Here are a few common issues.

Should You Offer a Signing Bonus?

Whether you call it a hiring bonus, a signing bonus, or a sign-on bonus, the idea is the same: It’s a bonus offered to a job applicant to entice him or her to accept the position. It could be a flat dollar amount, or it may be a percent of the new salary, typically anywhere […]

compensation

Compensation: 38% of Hourly Workers Aren’t Making a Living Wage

As an HR professional, you hear a lot about pay equity and the gender wage gap, but how often do you hear about the pay inequality that is plaguing hourly workers? A new report released by Snag (formerly Snagajob), a platform for hourly work, reveals that 38% of workers earning $20 or less an hour […]

Pay Equity Laws 101

Providing equal pay for equal work to employees has been an ongoing concern for decades. Employers need to be particularly wary on this point because not only is pay discrimination illegal but also, it’s something that is subject to increased scrutiny right now, both in the media and by regulatory enforcement bodies like the Equal […]

wage gap

Gender Pay Gap: Women are Getting Shortchanged, and They Know It

A new report released by Hired, a job search engine, highlights the growing trend of the gender pay disparity among tech workers. Now in its third year, The State of Wage Inequality in the Workplace looks at the gender wage gap across geographies, industries, and roles. It also examines how factors such as negotiation, race, […]