Category: Compensation Planning

banking

U.S. Salary Budget Increases Consistently Remain at 3%

According to WorldatWork’s annual Salary Budget Survey, employers in the United States report that the average 2017 total salary increase budget is 3.0%, the same as it has been for the past 3 years. Respondents are planning for a slight increase for 2017 salary increase budgets but only up to 3.1%.

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salary survey

How HR Can Get the Most from Salary Surveys

There are plenty of salary surveys available and, arguably, there’s not a lot of difference between them. Most provide a number of incumbents, a mean, and multiple percentiles. Some use number of employees to describe company size and some use annual revenue. Most are broken down by industry and geographic location. Some provide position level […]

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Missouri

Court Holds Missouri TV Station to Oral Agreement Despite Unclear Bonus Terms

In Missouri, it has long been settled that for a contract to be valid and enforceable, the essential terms must be definite and mutually agreed upon by both contracting parties. Without certainty in the crucial terms, there can be no mutual understanding between the parties and, therefore, no valid contract. However, a recent decision from […]

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overtime

Proposed Comp Time Law and Overtime Regs: What’s the Connection?

You’ve probably heard by now that the U.S. House of Representatives last week passed a new law that allows private employers to offer employees comp time in lieu of overtime pay. That law has not yet been passed in the U.S. Senate but what if it is? How will it impact your compensation plan? Will […]

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gender gap

Are Your Variable Pay Practices Factoring into the Gender Pay Gap?

Pay equity isn’t just a matter of “fairness” and doing the right thing—it’s also a compliance issue and a business issue.  A number of states—including California, Massachusetts, Maryland, and New York—have laws prohibiting pay disparity based on gender, and more states are likely to follow.

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compensation gap

Public vs. Private Sector: The Compensation Gap Widens

The Congressional Budget Office (CBO) released a report on April 25, 2017 discussing the compensation gap between private sector workers and those employed by the federal government. Since the last such CBO study in 2012, the gap appears to have widened.

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