Tag: Compensation

The Future of Payroll Has Arrived, and It’s Instant

Today, takeout or groceries can be at your doorstep minutes after ordering. Burger King is delivering food to those caught in L.A. traffic jams. Nearly everything in our lives has adjusted to “Smartphone Time” and can be had instantly with a swipe.

Types of Bonuses You May Not Be Utilizing

Employee bonuses are often used as tools for motivation and retention. In some cases, they’re used as a means to keep base pay stable while still giving employees recognition. When salaries are increasing but salary budgets are not keeping pace, bonuses can be a way to offer recognition without changing the year-to-year obligations if circumstances […]

Avoiding Pay Compression

Pay compression happens when the pay levels within an organization start to converge, and there’s less and less differentiation for things like years of experience and education levels. This happens far too easily—typically because the pace of raises doesn’t always keep up with the speed of market-level wage increases for new hires.

Why the Wage Gap Solution Is Transparency, Not Legislation

Earlier this year, the U.S. House passed the Paycheck Fairness Act to further the cause of gender wage parity. Now, I’m not against government regulation, but I’m skeptical of change that’s enforced from the top down because lawmakers can’t mandate corporate buy-in. In my experience, businesses do best when solutions come from the bottom up.

payment

There’s Nothing Regular About Calculating an Employee’s ‘Regular Rate of Pay’

In October 2018, the Trump administration unveiled its Fall 2018 Unified Agenda of Regulatory and Deregulatory Actions. The agenda emphasizes regulatory restraint and underscores the administration’s commitment to a more business-friendly regulatory framework, noting that “in general, the [U.S. Department of Labor (DOL)] will work to assist employees and employers to meet their needs in […]

How Data is Evolving Human Resources

The field of People Science is transforming the way that HR is practiced in progressive companies, and changing the perception and expectations of HR along the way, by showing how the responsibilities of HR can be quantified, improved and most importantly, correlated with business results.  Any competent Chief People Officer will have their own set […]

Delaware salary history law set to take effect

by Molly DiBianca Delaware’s new law limiting employers’ ability to inquire about job candidates’ compensation history is set to take effect on December 14. The law is intended to address pay disparities between men and women. Because women often make less than their male counterparts, the pay gap is perpetuated if women’s wages are based […]

California employers must adjust to new laws on leave, pay, criminal history

Pay equity, parental leave, and criminal history are hot topics that have been grabbing attention for some time, and employers in California now need to prepare for three newly signed laws addressing those issues. The new laws include restrictions on employers asking applicants questions related to salary history and criminal history and impose new parental […]