Tag: Compensation

Downsides to Low Unemployment

In the November 2016 jobs report from the Department of Labor, we saw that the national unemployment rate has fallen to a 9-year low and now sits at 4.6 percent. This reflects multiple factors. We’re seeing that more jobs have become available as the economy grows, but it also likely highlights that some people have […]

Want an Effective Compensation Plan? Transparency Matters

At some point along the way, you’ve probably heard a comment about, talking the talk vs. walking the walk, with the implication being that action is more important than words. In a lot of ways that might be true. When it comes to compensation, however, talking the talk is pretty important, too.

Attrition

What to Do When an Employee Quits Without Notice

Most employees in the United States are employed “at will,” which simply means that either the employee or the employer can end the employment relationship for any legal reason, or no reason at all, at any time. The law at the federal level has no requirement of giving a particular notice period when terminating a […]

To Lump Sum or Not to Lump Sum: What to Consider When Choosing a Relocation Compensation Package

by Lisa Johnson, global practice leader for consulting services at Crown World Mobility After years of staying put due to the stagnant economy, the improved current economic conditions have resulted in more and more workers—confident in the job market and willing to move to new places and take chances—happily relocating for new jobs. With this […]

hiring

How ‘Matchmaking’ Brought in a New Classification of Worker

by Tami Simon, JD, managing director, Xerox HR Services A matchmakers’ business model centers on making connections. In the days of “Fiddler on the Roof,” the connection was made by an old woman named Yenta. Today, many matchmaking sites promote “uniquely designed” computer programs that promise to find a person’s perfect match (e.g., match.com, zoosk, […]

Small Businesses Are Feeling Charitable This Year—Employees Reap the Benefits

More than 60% of small business owners will offer a holiday or year-end bonus to employees this year, according to the most recent SurePayroll Small Business Scorecard®. It’s a spike from 2 years ago when SurePayroll surveyed business owners about bonuses, and only 52% were providing additional pay. This year, 64% will give a bonus. […]

A Compensation Hot Potato

My day job puts me in contact with a lot of HR and compensation professionals. Some need help with finding salary data for a job or with setting up job grades. Sometimes, though, they just need an ear to listen.

Ask the Expert: Holiday Pay for Probationary Employees?

Question: Our company has a probationary period of 90 days for all new hires (both exempt and non-exempt) that does not allow holiday pay until after the probationary period is met. I read under DOL that FLSA does not require private employers to provide holiday pay. Are we violating any rules?