Practical HR Tips, News & Advice. Updated Daily.
What is a common shift differential pay amount for hourly employees? Although the Fair Labor Standards Act (FLSA) does not require private employers to provide differential or premium pay to employees (outside of overtime pay of time and a half over 40 hours in a workweek), many employers will reward their employees with additional pay […]
What did employers give for holiday bonuses this year? And what do employees prefer if given a choice? Results of a new Express Employment Professionals survey reveals what employers are planning to gift their workers and what the employees really want.
While salary increase budgets remain flat despite a growing economy, a new study by Mercer found that promotional increases are on the rise as employers focus on career progression to retain and engage critical talent.
Despite recent reports showcasing organizations that are increasing employees’ pay above the minimum wage, new research from Aon Hewitt, the global talent, retirement, and health solutions business of Aon plc, reveals that 72% of organizations with minimum wage employees currently do not have a plan to pay those employees above the mandated rate. Additionally, of […]
I am preparing an offer letter for an exempt position who is working at 80%. Can you let me know if this language is OK?: “In this exempt position, you will be working at a reduced capacity of 80% and your compensation will be $XXX,000.00 annually, payable bi-weekly.”
CEOs of privately held companies received a median total compensation package of $360,000 in 2014, including base salary, bonus, benefits, new equity grants, and equity gains, and expect total cash compensation to increase 3.1% this year, according to Chief Executive Research’s latest CEO and Senior Executive Compensation Report for Private Companies.
A survey of over 1,000 workers in the United Kingdom found that 85% have fudged on an expense report to receive more money. Even more disconcerting is that the survey also found that 5% of employees falsify or inflate every report they submit!
International business practices aren’t an issue for only huge companies anymore—smaller companies are now increasingly reaching foreign shores. What do you need to know about the changing landscape in international business and how it impacts compensation and attracting top talent?
by Michael P. Maslanka There are old and accepted ways of doing things, and there are new and bold ways. It’s your choice. Are you thinking of changing your performance evaluation system? Are you tired of the meaningless nuance between a 3.5 and a 4.0 rating? Then pick up a copy of the April issue […]
Employment is now a part of the retirement experience in the United States, and many newly retired Baby Boomers who are in a position to continue working are doing so for reasons beyond money, says a recent study.