Tag: Compensation

IRS Announces Special Per Diems, High-Cost Locales for FY 2017

The Internal Revenue Service (IRS) updated its special per diem rates for the transportation industry, incidental expenses, and the “high-low” substantiation method. These rates, announced September 26 in Notice 2016-58, apply to allowances paid to employees on or after October 1 for travel on or after that date.

Drawing the line on tips: Where does it end?

by Dan Oswald Employee compensation is a complicated issue that can stir passion in people. Recently, the now-former CEO of Wells Fargo was taken to task by Congress for his company’s compensation practices, which many believe contributed to widespread fraud on the part of bank employees.  There are no easy answers when it comes to […]

Pay

Overcompensated CEOs Result in Negative Perceptions of Company, Says Survey

A new report from PayScale, “CEO Salaries: How Much Do CEOs Make Compared to Their Employees?” examines CEO-to-worker pay ratios in light of the recent adoption of a final rule, mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd Frank Act), that requires a public company to disclose the ratio of its […]

New Compensation Reporting Requirements Begin March 2018

By Kate McGovern Tornone, Editor Beginning in March 2018, employers will have to include compensation information on their EEO-1 filings. While the report was previously used by the U.S. Equal Employment Opportunity Commission (EEOC) to look for various types of discrimination, it now also will be used to look for pay discrimination.

2017 Salary & Hiring Preview

Infographic: Average Starting Salaries to Rise 3.6% in 2017

Newly released 2017 Salary Guides from Robert Half show that national average starting salaries for U.S. professional occupations are expected to increase 3.6% next year. “With skilled professionals in high demand and short supply, more employers are willing to negotiate compensation with potential hires,” Paul McDonald, senior executive director at Robert Half, said in a […]

Asking Salary History May Soon Be a Thing of the Past

Does your organization routinely ask applicant salary history during the recruiting process? If so, you’ll want to pay close attention to some upcoming legislation that could change all of that. There’s a proposed bill coming before Congress that would make asking salary history illegal.