There are several differences between how top-performing companies handle compensation and how typical companies approach the issue, according to the results of a recent survey.
Category: Compensation Administration
This topic provides guidance on how to best apply an agreed upon compensation strategy. There are a lot of tasks involved, from tracking existing compensation packages, to setting up compensation frequencies.
If you work in HR then you’re always busy and, as a result, your job grade data might be a smidge past its shelf life. It’s not that you don’t want up-to-the-minute salary range data but there’s almost always something else more pressing that needs your attention so it’s really easy to tell yourself—if it […]
As Americans file their Form 1040 U.S. Internal Revenue Service (IRS) income taxes ahead of the April 18 deadline, a new survey from The Workforce Institute at Kronos Incorporated reveals an estimated 82 million Americans—more than half of the U.S. workforce—have experienced a problem with their paycheck during their career. The survey also finds payroll […]
UPDATED: an agreement between the U.S. women’s national hockey team and USA Hockey has been reached. Citing pay and benefits concerns, members of the U.S. women’s national hockey team have threatened to boycott the sport’s world championship this year. The tournament starts this Friday (March 31) and is being hosted by the United States.
Are you accurately paying your employees in compliance with the Fair Labor Standards Act (FLSA)? According to a recent survey, released by TSheets, one-third of employers say they have paid their employees compensation time, or comp time, instead of overtime, a common violation of the FLSA.
In a three-sentence order entered just before the close of business March 14, the Arizona Supreme Court rejected a constitutional challenge to the Fair Wages and Healthy Families Act, commonly known as Proposition 206. The unanimous ruling dashed the last remaining hope of business groups trying to block the voter initiative, which raised the state’s minimum wage to $10 per hour on January 1 and mandates paid sick leave for most employees beginning July 1, 2017.
A scientist who worked for the National Nuclear Security Administration (NNSA) in Los Alamos discovered that a male coworker was making more money than she was for substantially equal work. Accordingly, she filed suit in Albuquerque federal district court, alleging discrimination on the basis of sex under Title VII of the Civil Rights Act of 1964 and violations of the federal Equal Pay Act (EPA).
Would your employees say they are paid fairly? A perception of fair pay is imperative in employee retention. On the flip side, a perception of unfair pay can be a powerful motivator for employees to leave the company.
by Lisa Higgins, Contributing Editor Is pay transparency right for your organization? Many believe in a more-is-better approach to transparency in compensation, and there are some great reasons to explore the idea. But not everyone is on board.
At some point along the way, you’ve probably heard a comment about, talking the talk vs. walking the walk, with the implication being that action is more important than words. In a lot of ways that might be true. When it comes to compensation, however, talking the talk is pretty important, too.