Tag: Compensation

New Benchmarking Analysis Identifies Recent Trends in Balancing Benefit Costs and Attracting Top Talent

By HR Daily Advisor Staff Mar 7, 2017 Benefits and Compensation

Updated: Jan 7, 2018

When employers have a sense of how their peers’ benefits and compensation approaches measure up to their own, they can more confidently identify opportunities for improvement. The Best-in-Class Benchmarking Analysis produced by Arthur J. Gallagher & Co. (Gallagher) examines the strategies and tactics used by high-performing organizations to control healthcare cost spending while competing for […]

bonus

Attention Hiring Managers: Too Little Pay Could Cost You Top Talent

By HR Daily Advisor Staff Mar 2, 2017 Benefits and Compensation

Updated: Jan 7, 2018

The low unemployment rate, coupled with a looming labor shortage, has resulted in organizations having to work much harder to attract and retain top talent. In its annual 2017 Salary Guides, Randstad US, an HR service and staffing company, provides job seekers with insight into how their compensation stacks up with others and helps employers […]

Equal Pay: Was Pay Discrepancy Between Male and Female Scientists Legitimate?

By Guest Columnist Mar 1, 2017 Benefits and Compensation

Updated: Jan 7, 2018

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).

Massachusetts

Commission Structure Doesn’t Justify Failure to Pay Wages Due at Termination

By Guest Columnist Feb 28, 2017 Benefits and Compensation

Updated: Oct 26, 2018

Commission payments often make up a significant portion of the compensation paid to employees who work in sales. The structure of commission payments varies from industry to industry and from region to region, but commissions serve the same basic purpose: financially motivating employees to increase their sales with the promise of receiving higher income.

New York

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

By Guest Columnist Feb 27, 2017 Benefits and Compensation

Updated: Jan 7, 2018

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.

salara

CEO Pay Ratio Disclosures: Start Preparing Now

By Bridget Miller, Contributing Editor Feb 20, 2017 Benefits and Compensation

Updated: Feb 20, 2017

As part of the Dodd-Frank Act, public companies will soon be subject to CEO pay ratio disclosure requirements. Starting with reporting for any fiscal year that begins on or after January 1, 2017, these organizations will have to disclose not only the CEO annual total compensation, but also the total annual compensation of the median […]

Tips for Safety Incentive Programs

By Bridget Miller, Contributing Editor Feb 15, 2017 Benefits and Compensation

Updated: Feb 15, 2017

Given that safety issues in the workplace can literally be of life or death importance, it makes sense that an organization would do everything in its power to minimize any and all safety risks. Employers have a lot of tools at their disposal to improve and maintain safety in the workplace and plenty of reason […]