Tag: bonuses

Performance Review Alternatives

Performance reviews are often dreaded by employers and employees alike. Managers put them off. Employees get frustrated. Holding only one major meeting about employee performance each year could even mean you’re missing out on valuable opportunities to help your employees perform better all year long.

SHRM 2017: Mykkah Herner and Pay Incentives

This week, the HR Daily Advisor’s editorial staff is attending SHRM’s 2017 Annual Conference & Exposition at the Earnest N. Morial Convention Center in New Orleans. Today I attended a session by Mykkah Herner, the Compensation Evangelist at Payscale, entitled Effective Incentive Plan Design. The focus of his talk was on variable pay plans and […]

New York

Pay Me: New York Real Estate Company Uses Its Handbook as A Shield Against Liability

Employee handbooks are recommended for several reasons, including that they set forth key company policies. Well-written handbook policies state how compensation will be addressed and who has the power to bind the company. In a recent case, the Appellate Division, 1st Department, held that a company’s handbook was enough to defeat an employee’s claim to compensation based on oral promises.

commission

How Executive Compensation is Different from Other Compensation

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 […]

bonus

Bonuses and the New FLSA Overtime Regulations

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 […]