With hiring about to pick up, this is a great time for a refresher on employers’ obligations under the Equal Pay Act (EPA), brought to you by the U.S. 7th Circuit Court of Appeals—which covers Illinois, Indiana, and Wisconsin.
Tag: pay increase
A few weeks ago, I wrote an article about compensation practices that included a brief look at pay approaches including single-rate pay, step-based pay, and a slew of pay differentials. Taking it a step further, this article is about pay actions and explains the types, why they occur, and how they’re communicated to employees.
Base salary isn’t the sole driving force for most workers when considering a job offer, according to a new report from Hays, the world’s largest specialist recruitment agency. While salary remains the biggest consideration, it is outweighed by the combination of benefits, company culture, and career growth when deciding whether to accept a job offer […]
The labor market is tightening and turnover is increasing, but banks are planning to grow employment, according to data from the Crowe Horwath LLP 2017 Bank Compensation and Benefits Survey. Crowe, a public accounting, consulting, and technology firm, conducts the annual survey, now in its 36th year. The survey, which compiled data from 375 banks, […]
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 […]
Seasonal and permanent workers are expected to take home bigger paychecks in the fourth quarter as the push for better wages and the increased competition for skilled labor remain hot issues for employers.
Yesterday we looked at the recent National Labor Relations Board (NLRB) ruling concerning graduate students being entitled to unionize at colleges and universities. Today we’ll see what impact that has on other businesses.
In an iconic scene from the movie Reservoir Dogs, Steve Buscemi’s character, Mr. Pink, gets into a heated argument over why he refuses to tip the waitress that is serving the table. During the debate, Mr. Pink successfully voices his concern over tipping and influences one of the other characters to follow suit. It appears […]
Conducted in May, BLR’s 2016-2017 Pay Budget Survey provides data from 555 participants on 2016 increase amounts for senior management, management, exempt non-management, hourly office, and hourly non-office employees, as well as the increase amounts being budgeted for next year and the most common increase amount by performance level.
This great infographic via Mercer points to global pay increases for the upcoming year, based on Mercer’s latest Global Compensation Planning Report. View the image below for a summary of the findings.