Tag: bonuses

Key Factors in Determining Salary Increases

Once you’ve got a salary increase matrix (see below), determining increases should be simple—but it’s not. Several approaches are commonly used for determining salary increases. Performance/merit systems are the most common. Across-the-board or general increases are often tied to increases in the cost-of-living index. For unionized employees, the collective bargaining agreement will include a negotiated […]

BLR’s 2013–2014 Pay Budget Survey Data: How Do You Compare?

What’s in the Survey Report? Here’s what you’ll find in the full survey report below: 2013 Data 2014 Data Breakdowns by Geography and Industry Criteria Used to Determine Rate Range Adjustments Pay Practices Factors That Affect Salary Increases How the Salary Range for a New Position Is Determined Sources of Salary Data HR’s Role in […]

Discretionary Versus Non-Discretionary Incentive Pay and Bonuses

As we all know, the FLSA requires us to pay overtime pay when it is due, and the base pay rate must include all payments for that time period in question—including incentive pay and bonuses paid during that time. But is that always the case? Actually, the answer is no. It’s true that most incentive […]

Discovering the perks of perks: Creative little extras can bring payoffs

Tammy Binford Imagine a workplace where employees are eager, engaged, motivated, and loyal. Now think of what an employer can do to create such employees. Part of the formula will focus on rewards, recognition, and even a little fun. When considering what perks to offer employees, the sky seems to be the limit. Paid time […]

Scheduling, seniority issues, and holiday pay

by Jennifer L. Anderson Ebenezer Scrooge is the most infamous of employers — overworking and underpaying his employees, denying their vacation requests, and spreading holiday misery rather than holiday cheer. Fortunately, A Christmas Carol is fiction, and times have changed. These days, most of you decorate your offices, accommodate employees’ vacation requests, provide standard holidays […]

Holiday bonuses may cause FLSA headaches

by Kara E. Shea Many employers provide bonuses to employees this time of year, including everything from holiday turkeys to annual longevity pay. However, employers that play Santa must be mindful that under the federal Fair Labor Standards Act (FLSA), some bonuses may require additional overtime pay to nonexempt employees. Payments that affect overtime First, […]

The Downside of Sign-Up Bonuses

Sign-on bonuses often do make the difference between acceptance and rejection of an offer, says consultant Chuck Csizmar, CCP, but there are a few caveats. Csizmar, who is founder and principal of CMC Compensation Group, offered his tips at a recent BLR-sponsored webinar. Some Csizmar’s negatives to using bonuses: Using them may establish an unwanted […]

The 10 Times You Should Offer a Signing Bonus

Can I offer a bonus? Should I offer a bonus? How big should it be? Confusion often reigns, says Csizmar, who is founder and principal of CMC Compensation Group. Sign-On Bonuses Are Like Wallpaper Csizmar says the sign-on bonus is wallpaper used to cover cracks in the employment offer. It says, We know our offer […]

Pay Budget Survey Indicates Modest Rises for 2012 and 2013

Among employers awarding merit increases in 2012, the most commonly cited increases ranged from 2.5% to 3.0%. This corresponds closely with SHRM’s recently announced figure of 2.8%. Last year’s survey indicated an average “planned” merit increase for 2012 of 2.1%. Actual merit increases for 2012, however, were higher than anticipated for the first time in […]