More than 60% of small business owners will offer a holiday or year-end bonus to employees this year, according to the most recent SurePayroll Small Business Scorecard®. It’s a spike from 2 years ago when SurePayroll surveyed business owners about bonuses, and only 52% were providing additional pay. This year, 64% will give a bonus. […]
When setting employee pay, there are a lot of things to consider. Perhaps nowhere is this more evident than with executive-level pay considerations. Executive compensation differs quite a lot from other forms of compensation, and the thought process that goes into setting it must differ accordingly. Executive-level employees, just like other employees, are motivated in […]
Question: Can a company pay a restaurant manager commission only on sales (3%) instead of paying them the new salary rate based on the new DOL overtime regulations for December 1?
by Shane Todd In an attempt to their limit severance exposure, employers often require that an employee be “actively employed” on the bonus payment date in order to be eligible to earn a bonus. The idea being that the severance payable to a dismissed employee would not have to take into account an employee’s bonus […]
By Susan Prince, JD, M.S.L., Legal Editor The federal Department of Labor (DOL) has released final changes to the overtime regulations. These changes are effective December 1, 2016. The most prominent change is the increase in the salary level required for exemption from overtime to an annual salary of $47,476. This translates to a weekly […]
Q: I have a question regarding the “catch- up payment” in regards to the new FLSA regulations. I understand there’s a look back period, how does this work with the 12/1/16 effective date? Would that month be viewed in the quarter time frame?
According to statistics released in 2014 by the United States Census Bureau, women are paid, on average, 79 cents for every dollar their male counterparts earn. A just released study of over 100,000 job offers by Hired.com found that 69% of the time men receive higher salary offers than women for the same job title […]
When it comes to pay increases, nearly every organization has its own strategy. Some give only merit-based pay raises. Others give cost-of-living adjustments every year and tie the amount to an external index, like the consumer price index. Others opt for an annual pay raise that is either automatic or automatic but tied to some […]
Under the proposed Department of Labor (DOL) regs regarding overtime, are bonuses allowed to be included in the determination of meeting the minimum salary threshold?
By Richard E. Johnston In Canada, the wording of incentive plans can have a significant impact on the payments required on termination without cause. This point was highlighted by three Ontario decisions earlier this year.