Beware Daylight Saving Compensation Pitfalls
When we turn our clocks back this weekend, employers need to be aware of the effect that the end of daylight saving time (DST) has on payroll.
Tag: Compensation
COLA and CPI: What’s the Difference?
By Sharon McKnight, CCP, SPHR, BLR Senior Editor I can remember when a candy bar cost a nickel. Now, it’s a challenge to find one under a dollar. The cost of placating my sweet tooth, however, didn’t just leap from five cents to nearly a hundred pennies all at once. It crept up in itty-bitty […]
Infographic: How Do SMBs Evaluate their Current Payroll Systems?
Even though most payroll administrators at small and medium businesses (SMBs) indicate they are satisfied with their current provider, nearly 40% of those same managers say they are likely to switch payroll solutions within the next 12 months, according to a recent survey by Clutch, a leading B2B ratings and reviews site. Although 85% of […]
IRS Announces Special Per Diems, High-Cost Locales for FY 2017
The Internal Revenue Service (IRS) updated its special per diem rates for the transportation industry, incidental expenses, and the “high-low” substantiation method. These rates, announced September 26 in Notice 2016-58, apply to allowances paid to employees on or after October 1 for travel on or after that date.
Job Titles Irrelevant in Equal Pay Claims, Settlement Shows
An employee’s duties can be more important that her job title when it comes to equal pay claims, a recent settlement agreement illustrates.
Drawing the line on tips: Where does it end?
by Dan Oswald Employee compensation is a complicated issue that can stir passion in people. Recently, the now-former CEO of Wells Fargo was taken to task by Congress for his company’s compensation practices, which many believe contributed to widespread fraud on the part of bank employees. There are no easy answers when it comes to […]
Overcompensated CEOs Result in Negative Perceptions of Company, Says Survey
A new report from PayScale, “CEO Salaries: How Much Do CEOs Make Compared to Their Employees?” examines CEO-to-worker pay ratios in light of the recent adoption of a final rule, mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd Frank Act), that requires a public company to disclose the ratio of its […]
Survey: Low Pay, Lack of Advancement Hinders Hiring and Retention
A new survey from business professionals, released by Express Employment Professionals, reveals the hurdles that stop applicants from accepting jobs, as well as the top reasons employees leave their current jobs.
New Compensation Reporting Requirements Begin March 2018
By Kate McGovern Tornone, Editor Beginning in March 2018, employers will have to include compensation information on their EEO-1 filings. While the report was previously used by the U.S. Equal Employment Opportunity Commission (EEOC) to look for various types of discrimination, it now also will be used to look for pay discrimination.
Infographic: Average Starting Salaries to Rise 3.6% in 2017
Newly released 2017 Salary Guides from Robert Half show that national average starting salaries for U.S. professional occupations are expected to increase 3.6% next year. “With skilled professionals in high demand and short supply, more employers are willing to negotiate compensation with potential hires,” Paul McDonald, senior executive director at Robert Half, said in a […]