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%.
Category: Compensation Planning
Planning compensation packages, strategies, and frequencies require the latest information in compensation trends and practices. That is what this topic is all about.
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 […]
For a second time, a Philadelphia business group has asked a judge to block the city’s ban on salary history questions, arguing that the law infringes on business’ free speech rights.
Oregon’s governor signed an equal pay bill into law June 1, adding the state to the growing list of governments adopting salary history bans.
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 […]
On May 11, Governor Bill Haslam signed a new law that gives private employers in Tennessee more flexibility in paying wages and other compensation. The law took effect immediately.
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 […]
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.
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.
The U.S. House of Representatives passed a bill Tuesday that would allow private employers to offer workers compensatory time off in lieu of overtime pay.