Tag: Compensation

Hospitality

4 Tips for Your Compensation Planning from the Banking Industry

By Lisa Higgins, Contributing Editor Sep 14, 2017 Benefits and Compensation

Updated: Jan 7, 2018

It’s no secret that the recession of 2007/08 resulted in an array of new regulations, especially in the financial services arena. Banking, especially, became subject to new regulation intended to avoid the circumstances that originally led to the recession. The regulation doesn’t end with your mortgage loan or bank money market account. We spoke with Kathy Smith, President of Bank Compensation Consulting to find out how the industry’s highly regulated environment has led to creative compensation solutions—many of which can apply to any industry.

commission

Are Contingencies in Commission Agreements Worth the Paper They’re Written On?

By Susan G. Fentin, Skoler, Abbott & Presser, P.C. Sep 7, 2017 Benefits and Compensation

Updated: Apr 12, 2018

Late last year, the Massachusetts Appeals Court ruled that commissions are “due and payable” under the Massachusetts Wage Act at the time an employee resigns or is terminated, even if the employee might not be eligible to receive the payments under the terms of the company’s commission agreement or plan. (See, Commission Structure Doesn’t Justify […]

BLR’s 2017–2018 Pay Budget and Variable Pay Survey

By Sharon McKnight, Senior Editor Aug 16, 2017 Benefits and Compensation

Updated: Jan 7, 2018

How much of an increase in pay are your employees receiving in 2017? What level of pay raise is your organization projecting for 2018? 2017 Merit Increases This year’s BLR®—Business & Legal Resources Pay Budget and Variable Pay Survey is practically a replay of last year’s survey, with 18.6% (up from 17.9% last year and […]

Compensation Terminology 101

By Sharon McKnight, Senior Editor Aug 8, 2017 Benefits and Compensation

Updated: Jan 7, 2018

Like other professionals, compensation professionals can throw around a bunch of terms and acronyms that may or may not make a lot of sense to those not in the field. And, when we’re asked what they mean, we’re sometimes stymied when providing easy to understand definitions that are clear and concise.

Why Should Employers Support Moonlighting?

By Bridget Miller, Contributing Editor Jul 28, 2017 Benefits and Compensation

Updated: Jan 7, 2018

With the growth of the gig economy, more and more employers find themselves with employees who have another job on the side. This might be a part-time job, or it might be a side gig or “side hustle” as it’s sometimes called. For example, perhaps some of your employees also drive for Uber or Lyft, […]

tips

How Much ‘Side Work’ Can Employees Do and Still Be Paid Tipped Minimum Wage?

By Tom Harper, Law and Mediation Offices of G. Thomas Harper, LLC Jul 26, 2017 Benefits and Compensation

Updated: Jan 7, 2018

In a recent decision, Florida Federal District Judge James Moody upheld the U.S. Department of Labor’s (DOL) rule that a tipped employee may be paid a direct wage that is less than the Florida minimum wage of $8.10 per hour only if he spends no more than 20% of his time on duties that do […]