What Are the Benefits of Offering an ESOP?
Nearly all of us have at least heard of Employee Stock Ownership Plans—also known as ESOPs—but far fewer are sure exactly how they work and why organizations would want to offer them.
Tag: Compensation
How the New Workforce Is Changing Incentive Compensation
Millennials employees are no longer a novel concept. As Scott T. Rollin notes in the Minneapolis Star Tribune, they’ve begun to move into middle management and other key employee roles. Coupled with employers’ worries about hiring and retaining qualified workers, the result is a mounting concern about how to compensate key Millennials.
State Minimum Wage Increases for 2018 (Map)
Minimum wage increases will affect numerous states across the country in January 2018.
Delaware salary history law set to take effect
by Molly DiBianca Delaware’s new law limiting employers’ ability to inquire about job candidates’ compensation history is set to take effect on December 14. The law is intended to address pay disparities between men and women. Because women often make less than their male counterparts, the pay gap is perpetuated if women’s wages are based […]
How Can Your Company Save Money on Severance Pay?
Creating an effective pay program is challenging enough. It’s even more so with the emotion that comes into play when a company makes the decision to part ways with an employee. If your company is facing a reduction in force due to new technology, a merger, or another business reason, severed employees won’t be alone […]
Majority of Employers are Willing to Negotiate Salary for Entry-Level Workers
Do prospective employees attempt to negotiate their pay or do they simply accept what they are offered? A recent CareerBuilder survey found that the majority of workers (56%) do not negotiate for better pay when they are offered a job.
Mistakes in Wage Statements Can Cost California Employers Under PAGA
In an unfavorable opinion for California employers, a California Court of Appeal recently ruled that (1) employees seeking damages in an action arising under Section 226(a) of the Private Attorneys General Act of 2004 (PAGA) needn’t sustain any injury to bring the action, (2) the employer’s violations need not be “knowing and intentional” to subject it […]
Going Against the Grain: Worker Fired After Unequal Pay Complaint
The U.S. 8th Circuit Court of Appeals—which covers Arkansas, Iowa, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota—recently reversed an Arkansas district court’s dismissal of a former employee’s retaliation claim against a grain company under Title VII of the Civil Rights Act of 1964, the Equal Pay Act (EPA), and the Arkansas Civil Rights Act.
Which States Pay Best—and Worst—for the Most Dangerous Jobs?
New research reveals the highest and lowest-paying states for dangerous occupations, including logging workers, fishers, aircraft pilots, roofers and garbage collectors. The analysis of mean salaries in all 50 states for jobs with the highest industry rates revealed that only 15 states pay above the national average of $56,795 for these dangerous jobs.
California employers must adjust to new laws on leave, pay, criminal history
Pay equity, parental leave, and criminal history are hot topics that have been grabbing attention for some time, and employers in California now need to prepare for three newly signed laws addressing those issues. The new laws include restrictions on employers asking applicants questions related to salary history and criminal history and impose new parental […]