Tag: pay

How the New Workforce Is Changing Incentive Compensation

Millennials employees are no longer a novel concept. As Scott T. Rollin notes in the Minneapolis Star Tribune, they’ve begun to move into middle management and other key employee roles. Coupled with employers’ worries about hiring and retaining qualified workers, the result is a mounting concern about how to compensate key Millennials.

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retirement

PBGC Annual Report Shows Rising Deficit for Multiemployer Plans

The Pension Benefit Guaranty Corporation (PBGC) Fiscal Year 2017 Annual Report, released on November 16, shows that the deficit in its insurance program for multiemployer plans rose to $65.1 billion at the end of FY 2017, up from $58.8 billion a year earlier.

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trends

Popular New Benefits Reflect Changing Workforce

In the ongoing battle for benefits supremacy, employers are increasingly offering perks that probably never would have even crossed their minds just a decade ago. As with so many changes in the workplace these days, the shift has been prompted by Millennials, who are drawn by more than the bottom-line salary.

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FLSA

3rd Circuit Tackles Definition of Willful Conduct Under FLSA

The U.S. 3rd Circuit Court of Appeals—which covers Delaware, New Jersey, and Pennsylvania—recently ruled that Lackawanna County’s failure to pay county employees overtime was not “willful” under the Fair Labor Standards Act (FLSA), even though an e-mail from the county acknowledged that it had “wage and hour issues.”

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military

Fedex Miscalculated Pension Benefits for Employee Who Took Military Leave

The 6th Circuit—which covers Kentucky, Michigan, Ohio, and Tennessee—recently heard a claim by an employee who alleged that his pension credits were improperly calculated and did not give him sufficient credit for compensation he received during military leave.

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Skills

Workers Identify Barriers to Closing the Skills Gap

In a new survey, 79% of U.S.  workers acknowledge there is a skills gap in the United States.  Notably, however, nearly the same percentage (78%) believe they have above average skills for their current job, and 80% think the workforce can be successfully reskilled to meet the demands of the job market.  So, why in […]

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