California’s Minimum Wage Could Reach $15
Most California employers will see the state’s minimum wage reach $15 an hour by 2022 if reports of a deal in the state legislature materialize as expected.
Tag: Compensation
Why Should Employers Like Private Benefit Exchanges?
Yesterday’s Advisor explored a survey where it was shown that private benefit exchanges are preferred by employees. But what about their effect on the employer? Today we’ll find out.
How Much Do Employees Appreciate Their Benefits?
Have you heard of private benefit exchanges? While the concept is fairly new, the results are already showing. Today we’ll examine a survey by Liazon® that addresses the ups and downs of private benefit exchanges.
Is $100 Adequate Consideration for Noncompete?
By Richard L. Rainey, JD In North Carolina, initial employment is sufficient consideration to support a noncompete agreement. However, if an individual is already an employee, additional consideration must be provided to support a noncompete. (Consideration is something of value given to an employee for signing the noncompete.)
Gender Pay Gap Can Result in Anxiety and Depression in Women
For every dollar an American man makes, his equally qualified female counterpart makes just 82 cents. And according to a new study by researchers at Columbia University’s Mailman School of Public Health, the consequences of this wage gap extend beyond the checking account—women who earn less than their male peers are at greater risk for […]
Comp Sleuth: Finding Market Data for the Mystery Job
By Jen Carsen, J.D. and Sharon McKnight, CCP SPHR Wouldn’t it be great if every job title in your organization were included in every salary database?
Why Track Employee Hours Worked?
Why track exactly how many hours every employee works?
What Is the Pension Protection Act?
Protecting retirement benefits is a hot-button issue, especially when the news cycle periodically tells us about the risks of a shortfall in the Social Security Administration’s ability to pay out benefits over the long term. These headlines serve to highlight the fact that employees and employers alike are faced with risks in where we put […]
Survey: Pay Hikes Will Spread to More Companies Even as Profit Growth Stalls
“Wage and salary increases are becoming more widespread, according to panelists in the January 2016 NABE Business Conditions Survey, even as sales growth and hiring at their firms flatten, and they trim their expectations for expansion in the overall economy,” says National Association of Business Economics (NABE) President Lisa Emsbo-Mattingly, director of research in the […]
What is FICA?
FICA stands for the Federal Insurance Contribution Act, which outlines the required income tax withholdings related to social security and Medicare. Employers are required to withhold this tax from employee paychecks on behalf of the employee and submit them to the IRS. Unlike most payroll taxes, employers also have a separate employer FICA tax responsibility […]