Practical HR Tips, News & Advice. Updated Daily.
Despite recent reports showcasing organizations that are increasing employees’ pay above the minimum wage, new research from Aon Hewitt, the global talent, retirement, and health solutions business of Aon plc, reveals that 72% of organizations with minimum wage employees currently do not have a plan to pay those employees above the mandated rate. Additionally, of […]
I am preparing an offer letter for an exempt position who is working at 80%. Can you let me know if this language is OK?: “In this exempt position, you will be working at a reduced capacity of 80% and your compensation will be $XXX,000.00 annually, payable bi-weekly.”
CEOs of privately held companies received a median total compensation package of $360,000 in 2014, including base salary, bonus, benefits, new equity grants, and equity gains, and expect total cash compensation to increase 3.1% this year, according to Chief Executive Research’s latest CEO and Senior Executive Compensation Report for Private Companies.
A survey of over 1,000 workers in the United Kingdom found that 85% have fudged on an expense report to receive more money. Even more disconcerting is that the survey also found that 5% of employees falsify or inflate every report they submit!
International business practices aren’t an issue for only huge companies anymore—smaller companies are now increasingly reaching foreign shores. What do you need to know about the changing landscape in international business and how it impacts compensation and attracting top talent?
by Michael P. Maslanka There are old and accepted ways of doing things, and there are new and bold ways. It’s your choice. Are you thinking of changing your performance evaluation system? Are you tired of the meaningless nuance between a 3.5 and a 4.0 rating? Then pick up a copy of the April issue […]
Employment is now a part of the retirement experience in the United States, and many newly retired Baby Boomers who are in a position to continue working are doing so for reasons beyond money, says a recent study.
Our IT department wants to be able to pay our IT staff for after-hours work or holiday pay other than comp time. These employees are exempt employees. We were wondering what other companies do in a case similar to ours?
By Susan Schoenfeld, JD The Office of Federal Contract Compliance Programs (OFCCP) has made it well known that compensation inequality is at the top of its enforcement agenda. In its fiscal year 2016 budget, the OFCCP says it will continue to focus on systemic compensation cases where agency reviews can have the greatest impact.
In Yesterday’s Advisor we discovered that the majority of American workers would choose better perks and benefits over better pay. Today we’ll discuss how they feel about salary expectations and job security. Where Do You See Your Salary in 1 Year? Glassdoor® asked its participants if they expected a pay raise or a cost of […]