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The debate over the value of salary transparency has heated up in recent years, with neither side giving much ground. But Kristin Wong describes some studies that weigh in favor of transparency on New York magazine’s Science of Us blog.
When you think about compensation policy and practice, do you lean more toward “just the facts” or “how does that make you feel?” Compensation is, of course, based on facts and figures. But some new research has found that employee loyalty is driven much more by feelings than it is by facts.
Simply put, a pay approach is the method an organization uses to deliver base pay to its employees. For example: job-based pay, market-based pay, knowledge/skill-based pay, and experience-based pay are all methods of pay delivery. Which one is the right one? Any of them can be a viable method, depending on the organization’s needs and […]
Nearly all of us have at least heard of Employee Stock Ownership Plans—also known as ESOPs—but far fewer are sure exactly how they work and why organizations would want to offer them.
Millennials employees are no longer a novel concept. As Scott T. Rollin notes in the Minneapolis Star Tribune, they’ve begun to move into middle management and other key employee roles. Coupled with employers’ worries about hiring and retaining qualified workers, the result is a mounting concern about how to compensate key Millennials.
Minimum wage increases will affect numerous states across the country in January 2018.
by Molly DiBianca Delaware’s new law limiting employers’ ability to inquire about job candidates’ compensation history is set to take effect on December 14. The law is intended to address pay disparities between men and women. Because women often make less than their male counterparts, the pay gap is perpetuated if women’s wages are based […]
Creating an effective pay program is challenging enough. It’s even more so with the emotion that comes into play when a company makes the decision to part ways with an employee. If your company is facing a reduction in force due to new technology, a merger, or another business reason, severed employees won’t be alone […]
Do prospective employees attempt to negotiate their pay or do they simply accept what they are offered? A recent CareerBuilder survey found that the majority of workers (56%) do not negotiate for better pay when they are offered a job.
In an unfavorable opinion for California employers, a California Court of Appeal recently ruled that (1) employees seeking damages in an action arising under Section 226(a) of the Private Attorneys General Act of 2004 (PAGA) needn’t sustain any injury to bring the action, (2) the employer’s violations need not be “knowing and intentional” to subject it […]