Category: Compensation

This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.

termination

How Can Your Company Save Money on Severance Pay?

Creating an effective pay program is challenging enough. It’s even more so with the emotion that comes into play when a company makes the decision to part ways with an employee. If your company is facing a reduction in force due to new technology, a merger, or another business reason, severed employees won’t be alone […]

Print
gender gap

Going Against the Grain: Worker Fired After Unequal Pay Complaint

The U.S. 8th Circuit Court of Appeals—which covers Arkansas, Iowa, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota—recently reversed an Arkansas district court’s dismissal of a former employee’s retaliation claim against a grain company under Title VII of the Civil Rights Act of 1964, the Equal Pay Act (EPA), and the Arkansas Civil Rights Act.

Print

Which States Pay Best—and Worst—for the Most Dangerous Jobs?

New research reveals the highest and lowest-paying states for dangerous occupations, including logging workers, fishers, aircraft pilots, roofers and garbage collectors.  The analysis of mean salaries in all 50 states for jobs with the highest industry rates revealed that only 15 states pay above the national average of $56,795 for these dangerous jobs.

Print
banking

Banking Industry Plans to Increase Hiring, Salaries in 2018

The labor market is tightening and turnover is increasing, but banks are planning to grow employment, according to data from the Crowe Horwath LLP 2017 Bank Compensation and Benefits Survey. Crowe, a public accounting, consulting, and technology firm, conducts the annual survey, now in its 36th year. The survey, which compiled data from 375 banks, […]

Print

4 Tips for Your Compensation Planning from the Banking Industry

It’s no secret that the recession of 2007/08 resulted in an array of new regulations, especially in the financial services arena. Banking, especially, became subject to new regulation intended to avoid the circumstances that originally led to the recession. The regulation doesn’t end with your mortgage loan or bank money market account. We spoke with Kathy Smith, President of Bank Compensation Consulting to find out how the industry’s highly regulated environment has led to creative compensation solutions—many of which can apply to any industry.

Print
Commission

Are Contingencies in Commission Agreements Worth the Paper They’re Written On?

Late last year, the Massachusetts Appeals Court ruled that commissions are “due and payable” under the Massachusetts Wage Act at the time an employee resigns or is terminated, even if the employee might not be eligible to receive the payments under the terms of the company’s commission agreement or plan. (See, Commission Structure Doesn’t Justify […]

Print

Paying Police and Firefighters: Serving the Public and Our Workplaces

Police officers and firefighters have special overtime rules. Overtime pay for most employees is based on a 7-day workweek. Overtime pay for police officers, firefighters, and related employees, on the other hand, may be determined on a 28-day work period.

Print