What Is the Equal Pay Act?
Did you know that the Equal Pay Act (EPA) is actually a component of the Fair Labor Standards Act? The EPA was established in 1963 and signed into law by President Kennedy.
Tag: Compensation
NCAA rules limiting payments to college athletes may violate antitrust laws
by Nancy Williams Certain NCAA rules designed to ensure “amateur status” of student athletes may violate federal antitrust laws, according to a decision of the U.S. 9th Circuit Court of Appeals. The ruling came in a case filed by Ed O’Bannon, a former All-American basketball player at UCLA. O’Bannon discovered that his name, likeness, and […]
Ask the Expert: ‘Claw back’ of Former Employee’s Bonus
An employee got a signing bonus last year, but has left the organization. We want to ‘claw back’ the bonus. How do we do this? Signing bonuses can be a helpful tool when hiring employees in difficult job markets or to fill jobs requiring very specific skill sets. The biggest issue with a signing bonus […]
Pay Transparency Final Rule Published: Who Is Impacted and When
By Susan Schoenfeld, JD The U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) has released its final rule implementing Executive Order (EO) 13665, Non-Retaliation for Disclosure of Compensation Information. The EO prohibits federal contractors from discharging or discriminating against employees or applicants who inquire about, discuss, or disclose their own compensation or […]
Pay Compression—The Reality of Relativity
The idea of raising low wage earners’ pay to provide them with a livable wage is a viable concept, if handled in an effective manner. Unless pay at higher levels of the organization is also adjusted up, increasing only the lower pay levels compresses some of the higher levels into what essentially becomes a new […]
10 Simple Ways to Determine Employee Pay Raises
By The Young Entrepreneur Council There isn’t any one reason an employee should get a raise. Factors like company success, starting salary, and recent accomplishments all play a role. That’s why we asked 10 entrepreneurs the following question: “What method or process do you use to determine employee pay raises?” (Source: Small Business Trends) Click […]
8 Components of an Effective Employee Compensation Plan
Effective employee compensation plans can set the stage for effective recruiting as well as employee retention. This is because the employee compensation plan should articulate a distinctive value proposition that will inspire and guide the team in the right direction. “Properly developed, this makes a powerful statement internally to your employees as well as externally […]
What Is the Lily Ledbetter Fair Pay Act?
While Title VII of the Civil Rights Act already prohibits gender-based discrimination, including pay discrimination, there was an unfortunate problem created by a court interpretation back in 2007. Namely, the courts decided that the original pay decision was what started the statute of limitations to bring a claim—not the ongoing unfair pay. This all came […]
What Is the Equal Pay Act?
Did you know that the Equal Pay Act (EPA) is actually a component of the Fair Labor Standards Act? The EPA was established in 1963 and signed into law by President Kennedy.
Employee Turnover Not Always Tied To Higher Wages
Turnover costs for businesses are high and can significantly affect the financial performance of an organization or business. It has been estimated that, on average, it costs a company one-third of a new hire’s annual salary to replace an employee. What causes turnover? Click here to read more.