Tips for Talking About Compensation

Workology

Unfortunately, the taboo against talking about money even extends to not-quite-public spaces, like the workplace. Even HR professionals cringe at the thought of discussing compensation with employees, be they long-term employees or new hires. Still, having “the talk” about compensation doesn’t have to turn into a whirlwind of chaos. Here are a few tips for easier conversations about compensation in the workplace. HR compensation

Hey Dude, I Just Quit My Job!” “Wait, You Did WHAT???” 

Ms. Career Girl

People don’t just quit. Put another way, thoughtful people don’t just quit their jobs on the spur of the moment. Many a job change has been ruined by what happens when an employee walks into his supervisor’s office and announces that he’s quitting. Avoid the pitfall of slipping out in secret, and absolutely never quit when your manager is doing something that’s personally important to her. So, don’t be the “dude” who just up and quits.

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6 Practical Steps to Negotiate a Compensation Package

Competitive Resumes

Don’t wait until you get an offer to start thinking about compensation negotiation. If you’re strategic about it, negotiating a new compensation package doesn’t have to be scary. What should scare you, though, is only negotiating your paycheck while leaving the rest of your compensation package on the table! Negotiating compensation is stressful when you lack strategy. Kwame and I had quite a robust discussion on my podcast last winter.

“Compensation lowered; can I resign and collect Unemployment Benefits?”

Sklover Working Wisdom

Answer: Dear Rob: Many, many people worldwide are having their compensation cut, and so I am receiving many questions like yours. I often tell people that, in many instances, “In legal analysis, the facts are more important than the law, because quite often the facts determine which law applies and how it does so.” Miscellaneous Compensation Raise, Bonus, Compensation Resigning from Your Job Unemployment Benefits

“Can an employer change a compensation plan retroactively?”

Sklover Working Wisdom

My compensation plan includes a base salary plus commissions in multiple “tiers” of commission rate. My offer letter states that my employment is “at will” and that the company can change the compensation at any time, but can the company go back and rewrite the plan in this way? A compensation or commission “plan” is a kind of contract, and must be carefully reviewed. I say this because of my experience with compensation and commission plans.

Long Term Incentive Compensation: 10 Basic Concepts

Sklover Working Wisdom

Frankly, we expected that Kathy, as a Human Resources professional, would have – or should have – known about the basic mechanisms of her long-term incentive compensation. Of course, such presumptions can be wrong quite often. Nor are the problems derived from Benefits and Compensation failing to provide our clients with all necessary calculations. Let’s take a few minutes to make sure you understand the basic concepts of long-term incentive compensation: 1.

5 Questions: Should Amazon Employees Take the Company Offer (10K, 3 Months Pay) to Quit?

The HR Capitalist

I’ll give you $10,000 and 3 months of pay if you quit today and do something else. . If the whole “we’ll pay you to quit” sounds familiar, it was the rarified air of the HR culture darling, Zappos.com. We loved Zappos back in the day for a variety of things, including their offer to pay new hires to quit early in their tenure. The Zappos offer to pay you to quit was child’s play. 2-3 “yes” answers: You shouldn’t quit your day job.

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The World of Compensation is Changing – with Far Reaching Consequences

Water Cooler Wisdom

For one thing, a lot of talented mid-level and senior-level hires quit right away. Attitude & Motivation Best Practices Compensation Culture Current Affairs HR Issues Life in the 21st Century Management Office Politics ProductivityTwo big pieces of salary-related news hit the Internet recently.

“If a job offer was withdrawn, do I have a claim to be compensated?”

Sklover Working Wisdom

Do I have any chance for compensation as a result of their actions? C.R. . Glencoe, Maryland. The law in all states I know of says quite clearly, “if a contract’s terms have not been entirely accepted,” then it can be treated as totally rejected. Question: Vice President – Marketing position. I received an offer signed by the CEO. I applied via email accepting the position, and asking whether they would consider a higher base salary, cover moving expense, etc.

Who Quits Their Job in This Economy?

Career Solvers

Home About Us How It Works FAQs Contact Resources Request a Proposal Monday, June 21st, 2010 Who Quits Their Job in This Economy? You may be wondering why so many are quitting their jobs in what is still a volatile economy, but the reality is that people quit their jobs despite economic indicators for a variety of reasons. Here are some of the reasons employees tell me they quit their jobs or are seriously considering resigning.

4 Key Things To Do When Quitting Your Job

Position Ignition

I think he became frustrated with his compensation, but he also hadn’t accomplished what he needed to earn an additional bonus. He said, “In that case, I quit!” A number of years ago, I had an employee who became dissatisfied. Undoubtedly, he had other issues on his mind as well. He finally decided that he needed to leave our firm, so he decided to interview with other companies. After securing a new position, he came to me to ask for a bonus one last time.

Should You Quit Your Job When You Feel Your Company Is Unethical?

Evil HR Lady

In a letter posted on Robyn O’Brien’s website, Rudnicki explains her reasoning for quitting her job. Given the recent allegations over Mylan’s price gouging of EpiPens and unbalanced executive level compensation, I simply cannot align my name with yours on this, and am deeply disappointed in the lack of transparency, especially to your consumers.

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3 Most Important Things To Consider Before You Quit the Job

JobMob

Can you afford to quit without another job in the works, knowing that it may take a good few months until you get an offer you won’t refuse? It may be worth tightening your belt and putting your money in the usual no-interest savings account for a few months, and then quit. Just the fact that you know you’ll be quitting after X months could take some pressure off you, knowing your self-termination is in sight. How To Quit Your Job By Burning The Ships.

4 Things to Do When Quitting Your Job to Make Yourself Shine

Career Solvers

I think he became frustrated with his compensation, but he also hadn’t accomplished what he needed to earn an additional bonus. He said, “In that case, I quit!” career management quitting a job resignation

Employees Are Quitting Jobs Because of Affordable Care Act in 2014

Workology

2) Compensation. Learn more about changes and recent court decisions as it relates to employer compliance and the ACA. Join us on 1/16/13 at 11 AM EST for our webinar. Click here to register. . Welcome to the new employee benefit insurance world, courtesy of our friends the ACA. The news media hasn’t been short of stories, articles and news segments sharing information related to implementation of the Affordable Care Act or ACA.

2014 124

“Job offer rescinded after I quit my other job; are they liable?”

Sklover Working Wisdom

I quit my current job to start the new one. Quite gradually, laws, judges and juries are starting to hold employers liable for withdrawn job offers. In addition, a California law – California Labor Code Section 970 – gives employees double their damages if the offer of employment was done under false pretenses as to (a) the existence of available work, (b) the kind of available work, (c) the length it will likely last, or (d) the compensation. .

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Gap Years Are Sexy, But They Come At A Cost.

The HR Capitalist

A gap-year graduate would start earning that same income a year later, and never quite catch up. Change Compensation Economics TravelAs COVID drags on, there's a popular topic that's coming up more often in families with college age kids - THE GAP YEAR! What's a Gap Year?

2020 116

Glassdoor Says I'm Worth 8K Per Year.

The HR Capitalist

Quit toying with me. Compensation RecruitingDamn you, Glassdoor! . I have enough s##t going on without you cratering my expected value. A couple of years ago we were recruiting software sales pros at Kinetix and SF was a target market. So I used my Glassdoor account to confirm that the Bay area was an expensive place to hire hunting sales pros, listing my occupation and location to match the target. I never changed it. I expected my value to fall a bit during COVID, but c'mon.

2020 95

You Can't Quit, I'm Firing You!

Evil HR Lady

This other guy quit, and after the "non-compete" period was up, he started his own "competing" company. Will it compensate for a scathing reference should they call your previous company? Another guy and I, used to work for a "bad boss". You know the type - he will lie, cheat, steal, etc. if so inclined. His company grew enough to bring on additional help, and he offered me a job. I accepted his offer and turned in my notice to HR at the old company.

2009 100

You Can't Quit, I'm Firing You!

Evil HR Lady

This other guy quit, and after the "non-compete" period was up, he started his own "competing" company. Will it compensate for a scathing reference should they call your previous company? Another guy and I, used to work for a "bad boss". You know the type - he will lie, cheat, steal, etc. if so inclined. His company grew enough to bring on additional help, and he offered me a job. I accepted his offer and turned in my notice to HR at the old company.

2009 100

Offer Letter or Company Plan – Which One Governs?

Sklover Working Wisdom

It said quite clearly that “Company employees will receive a minimum of 1,000 stock options for each twelve months on the job, unless agreed otherwise.” When Lemuel insisted on an explanation, she responded, “Your Offer Letter stated clearly ‘Your compensation consists of a base salary, an annual bonus and health care coverage. No other compensation is being offered to you. “Whoever is careless with the truth in small matters cannot be trusted with important matters.”.

2017 100

“Can my employer lower my pay starting two weeks ago, without telling me?”

Sklover Working Wisdom

If you remain in your job, by doing so you are agreeing to accept the lower pay and lower number of days of work, until you either say “No more” or “I quit.” Once your employer gives you notice of your lower pay and your lower number of days per week, then if you remain in his employ, you are considered to have accepted his changes, at least until you change your mind and either object or quit, both of which you are free to do. Question: I work for a physician.

Job Change? Ten Tax Tips – Things to discuss with your tax advisor

Sklover Working Wisdom

If you are making such a move, do not hesitate to ask your new employer take that into account when determining your compensation level. Don’t forget costs necessarily incurred to perform your new job duties – Lastly, this is a category of potential tax deductions that is quite often missed by job changers because of the many other things on their minds during job transition times. “When the devil loses his job, he becomes a tax collector.”. – Greek Proverb.

2017 100

How To Avoid Employee Poaching

Workology

How do you plan to manage the “quit rate” within your organization in 2014? There has been a changing shift in the top 5 reasons employees quit their current employer. Compensation , 3. The market has shifted enough to allow companies the budget to offer the right candidates a competitive salary and benefits package in order to assist with their decision to quit the current job.

2014 109

How Corporate Recruiters Get Made, Paid & Bonus in the Industry

Workology

Just last week was one of those times as I received a reader question relating to compensation and common bonus structures for corporate recruiters. I’ve worked at my company for a while and moved up the ranks quite nicely. I’m an extremely competitive person and have always been motivated through a little healthy competition, compensation and most importantly winning. Going Beyond Base Salary Compensation and Variable Pay.

2013 98

Voluntary – Key Words & Phrases

Sklover Working Wisdom

You’re quite likely to find the word “voluntary” in several work-related legal documents. Key Words & Phrases Non-Compete's and Confidentiality Raise, Bonus, Compensation Repayment Obligations Specific Terms and Provisions Stock, Stock Options, "Equity" Wording and MeaningBe on the lookout for. Voluntary,” as in “Voluntary Departure,” “Voluntary Resignation” or “Voluntary Waiver”. If you do notice it, that word may be very advantageous to you.

2019 100

“If I am not paid commissions due me, is my non-compete still valid?”

Sklover Working Wisdom

First, the simpler answer: Yes, employees quite often win commissions lawsuits. Commission disputes can be confusing, but we lawyers quite often find them to be quite an interesting challenge, as well. Miscellaneous Compensation Non-Compete's and Confidentiality Q & A Raise, Bonus, Compensation Resolving Disputes with Present EmployersQuestion : When I was hired, I had to sign a two-year non-compete.

“What Salary Do You Seek?” The Four Smartest Responses

Sklover Working Wisdom

When he said “I am not prepared to discuss that,” I was quite taken aback. Consider these four responses when preparing for any upcoming interview, in which “What salary do you seek” is quite likely to be asked: . Start with “ Flexible ”: “I am flexible as to salary, depending on overall compensation. ” It is a given that base salary is but one part of an overall compensation package, and that in many companies it is a rather small part of overall compensation.

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“How does an offer of ‘equity’ from an employer work?”

Sklover Working Wisdom

This is hard to guard against, and quite tricky to negotiate. You can also almost expect that, when all is said and done, the “profit” you will share will be quite a lot smaller than you had been led to believe it would be. While my “warning,” above, may sound quite dire, it remains my hope that you will be rewarded with all you deserve. . Miscellaneous Compensation Q & A Raise, Bonus, Compensation

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“Does leaving an employer, and then returning, relieve me from a.

Sklover Working Wisdom

Then I quit. As proof that I quit, I could even show that the employer cancelled my health insurance for that three weeks. Even if they go back to the time I quit, the three years was up. Usually the words of a non-compete agreement read this way, or quite close to it: “If I should leave the company, either voluntarily or involuntarily, I promise not to go to work for a competitor for a period of one year (or two years, etc.). Salary, Raise, Bonus, Compensation G.

2010 116

HEY BIG COMPANY: Are Your Management Trainees Bristling At Being Salaried Employees?

The HR Capitalist

Due to high turnover, Defendant filled these spots like the NFL keeps a practice squad, waiting until someone quit or was fired, but in the interim working many hours in restaurants performing non-exempt duties without being compensated for overtime hours worked. Compensation Litigation WorkplaceAh yes. The time honored tradition of the management trainee position. You know it, you love it. You recognize the value.

2015 124

“Want a Raise? – Here’s How to Ask”

Sklover Working Wisdom

ACTUAL “CASE HISTORY ” : Here are some survey results recently published by compensation-data firm PayScale: a. Quite possibly, in fact, likely. The first three are quite familiar: “food, clothing and shelter.” While compensation issues are usually the responsibility of Human Resources” Human Resources representatives generally (i) have no direct stake in your value, effort, and attitude, and (ii) have no decision-making authority regarding your request.

2015 135

“Can my bonus plan be changed due to a supposed mistake, after agreed to in a contract?”

Sklover Working Wisdom

While employment-related contracts are binding agreements between two parties – the employer and the employee – compensation-related “plans” are different: they are (a) payment arrangements and conditions created by the employer, that (b) are sometimes binding, and sometimes not, depending on their wording, and (c) usually provide that they can be changed at any time, at the discretion of the employer. .

2014 109

“Responding to a Retention Bonus Offer” – Ten Wise Steps”

Sklover Working Wisdom

Quite commonly a Retention Bonus agreement or plan says something like this: “You will receive the money only “if you are actively employed” on a certain date. If compensation, duties or benefits are materially reduced, you should have the right to leave and keep the Retention Bonus, too. Sklover, of Sklover & Company, LLC, a law firm dedicated to the counsel and representation of employees in matters of their employment, compensation and severance.

2015 125

“Bonus Disappointing? – Here’s How to Respond”

Sklover Working Wisdom

His compensation consisted of a modest salary, but a significant bonus opportunity, which was based on a seemingly simple formula. 1(b) Examine “The Past”: Second, Examine Events and Circumstances Not Anticipated by the Bonus Plan – Quite commonly, events and circumstances arise at work that are not anticipated by the bonus plan, but should be taken into account when bonus amounts are decided. Consider These Alternative Forms of Compensation.”

2015 116

“Job Offer On the Way? – Consider Asking for a Sign-On Bonus”

Sklover Working Wisdom

Requests for sign-on bonuses are most appropriate when (a) the employee is being heavily recruited or is surely the number one candidate, (b) the employee is leaving an apparently stable position or location, (c) the employee will be forfeiting earned bonus or commission, or coming compensation, and (d) the new position will entail additional time, expense or investment of some kind by the employee, such as relocation costs, education costs, legal costs or clothing allowance.

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“My raise was tiny. Illegal discrimination, or legal cost-cutting?”

Sklover Working Wisdom

If you are paid more than most of your younger colleagues, it is possible that a very small raise was given to you in order to urge you to resign, or get you angry enough to quit. I think it is quite likely that you are experiencing what so many other people – young, middle aged and old – are experiencing, worldwide: lowered compensation for the same effort and performance. Question: Hello. I have been with my present employer for over 28 years. I am now 50.

“If I resign after 9 months of the year, how can I still get my yearly bonus?”

Sklover Working Wisdom

Question: I am leaving my company to join a different employer offering better opportunity, responsibilities, and compensation. On the other hand, an employee who resigns for better compensation and other benefits somewhere else has in my eyes chosen to lose his or her probable bonus, in a calculated way. . In these circumstances, an “involuntary resignation” is submitted, along with a request – quite reasonable in these circumstances – for pro rata bonus.

2012 109

interviewer asked how my family would describe me, employee quit after gossip about her therapy, and more

Ask a Manager

My employee quit on the spot after her request for a therapy referral was shared. One of the employees in the division I manage recently quit on the spot without providing notice. She quit because another manager disclosed her request for a referral to a counselor under our employee assistance program. Another former employee who had heard about what happened ran into her after she quit, and he said she denied ever seeing a counselor (even though she truly was seeing one).

2016 32

“Bonus was paid to others after I left; any recourse?”

Sklover Working Wisdom

Answer: Dear Lewis: Each year during February, March and April, we hear from many people in your circumstances, or circumstances quite similar to your own. Think about it: if you worked Monday through Thursday, even if you were fired or quit on Friday, you still have a right to be paid for working Monday through Thursday. Quite often, employers contact former employees and ask them to “do a favor” just like they have asked you to sign a patent application.

2013 109

“Any suggestions for getting a Promotion or Raise?”

Sklover Working Wisdom

You can also say, after an in-person meeting, quite simply, “Thanks so much for the meeting. Unfortunately, in some companies and organizations, “perceived value” is not what gets people hired, promoted, or more highly compensated. Whether or not hiring, promotion and compensation is merit-driven or politics-driven is a very central part of an employer’s corporate culture. Interviews, Job Offers and Promotions Promotions Q & A Raise Raise, Bonus, Compensation

2011 122

“Can an employer require you get its prior approval for a side job.

Sklover Working Wisdom

Published on October 13th, 2010 by Alan L Sklover Question: I am thrilled to have found your blogsite, and I find your questions and answers quite helpful. My employer requires employees to sign an extensive “Code of Ethics” document that states: “Employees shall not accept employment with, act, or render services to, any business or endeavor, with or without compensation, which competes with or conducts business with the Company. Salary, Raise, Bonus, Compensation G.

2010 118

“Can I sue for not getting paid a ‘discretionary’ bonus?”

Sklover Working Wisdom

Question: I accepted a job with a company because the compensation was based on a salary and commission. The first step in the analysis is this: If you stayed at the job, you agreed to the change in compensation structure. The law says that you could always have quit, and gone elsewhere. Q & A Raise, Bonus, CompensationThis occurred for three years.

2011 109