The new overtime rules mean tracking time for employees who are not used to recording their hours. For employers now confronting how to track time for newly reclassified employees -- or for any nonexempt employees -- here are some pointers.
The overtime regulations overhaul will not only alter pay structures but will push some organizations to make benefit cuts. Employers should revisit their total rewards mix and prepare to deal with pay compression issues.
Challenges include whether to use bonuses to push employees over the exempt threshold, whether to make workers salaried but nonexempt, how to confront pay compression, and how to deal with strained compensation budgets.
The pick-up in economic growth over the past year has raised employees’ expectations of higher pay and richer benefits, new research by the Society for Human Resource Management and others shows.
With wages stagnant for much of the labor force, relocation can be a viable option for those in search of higher salaries. But job seekers should look beyond base compensation and consider other measures related to the cost of living.
Should multinational companies manage employee compensation as a global whole, allow local compensation practices to predominate, or perhaps take a hybrid approach?
Yogurt maker Chobani is giving its full-time workers equity awards that could be worth up to 10 percent of the privately held company's future value -- an ownership incentive move more often taken by startups and tech firms than by traditional companies.
Judging from recent new-graduate pay surveys, the word Millennials should keep in mind is “engineering,” although, on the HR front, positions in employee relations and benefits administration also stand with attractive pay metrics.
The U.S. labor market demonstrated its improvement in the first quarter of 2016 with discernible acceleration in wage growth, as employers react to a tightening labor market by boosting wages.
Employers overwhelmingly think they pay their workers fairly, but most employees don’t agree. That disparity is an opportunity to manage the perception gap.
Tax season may be over, but for employees with compensation arrangements involving stock-based plans, it’s time to start planning for next year’s taxes.
There is a divide in corporate boardrooms between CEOs and directors on how to measure executive performance, even as directors give CEOs considerable credit for corporate outcomes.
The earnings gap between men and women in similar positions has its own generational bias; it’s widest among workers who have been in the workforce for many decades, but closer to parity among younger workers.
Three-quarters of Americans believe that CEOs are paid too much, even as they grossly underestimate the annual pay of Fortune 500 chiefs. “In many parts of the country, it is incomprehensible that anyone can earn this much money,” said one researcher.
Short-term cash incentives continue to dominate the incentive-pay landscape among private companies. But long-term incentives are also being used to drive performance, according to a new research.