The Origin of the Executive Compensation Industry.

The HR Capitalist

General Motors had hired Patton to do a study of executive compensation, and he did so by surveying 37 major companies. Worker wages had risen faster than management wages. Communications Compensation Innovation

Staff Development, Benefits & Compensation for Low-Wage Workers

Workology

Those who work in low-wage jobs are often left out of the conversation. Those working in these jobs make up a large portion of the workforce, so it is imperative that we think about them when creating staff development programs, compensation structures and benefits. Why Low-Wage Workers Matter. of American workers are in low-wage jobs. The answer to how we better engage and develop our low-wage employees is a mix of compensation, benefits and staff development.

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HR TROLLS: Thinking Unemployment on Steroids Means You Have a Compensation Problem.

The HR Capitalist

So our friendly HR Director asks for guidance, and I'd say 20% of the responses went something like this: "You should look in the mirror and pay a living wage.". Compensation Employee Relations RecruitingShort post today, but an important one.

2020 145

Top 5 Workers Compensation Claims

Jobacle

For this reason, companies are required to carry workers’ compensation insurance. Workers Compensation Insurance 101. For those who are unfamiliar, workers’ compensation laws are set in place to make sure an employee injured at work will receive compensation to replace lost wages and medical expenses. Each state has its own workers compensation laws, so if you are unsure about your stat’s laws, visit WorkersCompensation.com.

Tips for Talking About Compensation

Workology

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. If you’re worried about employees coming to you with wage questions, now is the time to realize this is part of the job. HR compensation

Workers Compensation Bureau and Resources by State

Workology

Workers Compensation Definition. Workers compensation is defined as a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee’s right to sue his or her employer for the tort of negligence. Because Workers Compensation are state programs, they are unique and specific to each and every state. List of Bureau of Workers Compensation Resources by State.

Transparent Wage Policies: Honest or Chaos Provoking?

Workology

A common policy found in many businesses is a prohibition against the disclosure of wage information. Keeping wages under wraps also prevents employee jealousy about managerial and executive salaries. A non-disclosure policy is particularly useful when employees with the same job descriptions are not being paid the same, keeping in mind there can be many legitimate, nondiscriminatory reasons for wage differences. Is compensation an equal rights issue?

Wage 95

THE HR FAMOUS PODCAST: e17 – Crocs and Compensation Strategy in a COVID World.

The HR Capitalist

In episode 17 of The HR Famous Podcast , long-time HR leaders (and friends) Kris Dunn and Tim Sackett come together to discuss Crocs, compensation strategy, Facebook’s new location based salary adjustments, and the return of the MLB. 6:45 – Today’s topic: compensation strategy.

2020 121

4 Big Ideas to Look Smart: The $15 Minimum Wage

The HR Capitalist

If you watch Fox News or MSNBC, I already know how you feel about the prospect of the $15 an hour minimum wage: - Fox News Viewers - It's Jobs or CPI armagedon! MSNBC libs - This is a living wage, people. Here's 4 big ideas to keep either of the extremes at bay (arch conservatives or liberals) when this topic comes up. -- A one size fits all minimum wage nationally doesn't make sense. $15 Have a take on the topic of the $15 minimum wage. Compensation Economics

Wage 133

Here's the Best Minimum Wage Increase Idea I've Ever Heard.

The HR Capitalist

Can't take credit for this but it's gold - A recent episode of the Recode/Decode podcast featuring Bradley Tusk, the 3rd Party Legal Counsel for Uber , included a great idea for a minimum wage hike Tusk thought would bring both sides to the table: . Raise the minimum wage to $15-20 per hour. . Compensation Economics Workplace

Wage 121

Minimum Wage: Basics You Should Know

Evil HR Lady

Minimum wage laws require that you pay your employees at a certain level, but even that can vary depending on whether an employee receives tips or not. Federal law requires that all workers earn a minimum wage in each state. In most states, employees who receive tips can be paid a lower wage of $2.13 per hour, but their tips must be enough to make their total compensation meet the minimum wage, which is $7.25

Wage 140

Bernie Sanders: Proving the Compensation Side of the People Business is Problematic.

The HR Capitalist

Sanders is a Democratic presidential candidate, and part of his platform has been the need to pay workers a living wage. Let's look at the Minimum Wage in America. Sanders is on record that the minimum wage should be at $15 per hour nationwide, etc. Compensation Current Affairs Employee Relations Recruiting TalentLet me start by saying this is not intended to be a political post.

What They Aren’t Telling You About the Gender Wage Gap

Workology

First let me start off by saying I believe the wage gap is real. The wage gap is an issue according to what I know about being a woman and according to research, which tells us that women are making on average $.78 Having been involved in my share of salary negotiations and compensation investigations, I can say that none of my investigations were concluded with evidence that a hiring manager was intentionally providing male candidates with more compensation than female ones.

Wage 74

UW Study On $15 Minimum Wage Bad News For Liberals.

The HR Capitalist

If there's anything that will get a healthy dinner conversation going (or get people fighting), it's the idea of the $15 minimum wage. A better wage for core entry-level workers is hard to argue against as a reasonable person. Fortunately, there's some research pouring in on the minimum wage that seems to be based on reality, not theory. . There’s bad news from Seattle for advocates of a $15-an-hour minimum wage law. Compensation Economics

Wage 81

“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. Case Decision: Where an employer promised a wage increase after promoting an employee to a more responsible position, but never paid it, and the employee resigned as a result, the employee was found to be eligible for Unemployment Benefits. Miscellaneous Compensation Raise, Bonus, Compensation Resigning from Your Job Unemployment Benefits

Dice 2018 Tech Salary Report: Are Tech Wages Really Flat?

The HR Capitalist

For many of you, it doesn't feel like tech wages are flat, does it? Here's your chart of average tech wages: But the survey confirms what we all know below. Raise your hand if you feel like wages are flat. Compensation Economics Recruiting TalentOne of the best salary surveys that you will find from a vendor is the Dice Tech Salary Report. See the 2018 version - released last week - by clicking here.

2018 72

4 Types of Compensation You May Be Owed from Your Company

Career Alley

When a person is employed by a company, they are almost always entitled to some sort of compensation from the employer according to employment laws. This usually takes the form of financial compensation, unless the employee is an unpaid intern. All other employees will typically be paid an hourly wage or salary. However, in addition to these wages, there are other forms of compensation that you may be owed by your company. Varieties of Financial Compensation.

“Employer’s Sole Discretion” in Contracts, Handbooks and Compensation Plans: Six Strong Arguments to Defeat It

Sklover Working Wisdom

On this basis, Brandon felt confident he would achieve an overall increase in compensation. The company Bonus Plan provided that any issues as to eligibility, entitlement or calculation of bonuses would be “determined with finality by the Company Compensation Committee in its sole and absolute discretion.”. Brandon’s attorney helped him appeal these decisions to the Company Compensation Committee. “Everyone is entitled to their own opinion.

“Sales compensation plans: are there limits on when and how they can be changed?”

Sklover Working Wisdom

Question: The sales compensation package for my company says that the company has the right to amend, change, or cancel the sales compensation plan at any time – except where prohibited by law. . A compensation “plan” is a kind of contract, presented by the employer to the employee, that says, in effect “These are the compensation (or commission) terms we offer to you.” A compensation plan is a contract about one thing: compensation.

What Will Wage Growth Look Like in 2016?

Workology

Wage growth is a thornier subject than it first appears. In other words, while wage growth may seem simple – average wages went up in America in 2015 and that’s grand! Total compensation, the shape of the economy and even your geography have so much to do with the impact of wage growth, and how that impact is felt. Since the 2008 crash wage growth has been slow in America. While job growth was strong in 2015, wage growth lagged at 2.5%

2016 55

Career News: The Racial Wage Gap and My Paysa.com Interview

Competitive Resumes

Racial Wage Gap research. The racial wage gap needs more attention and focus because it affects millions of people. I explained before I am looking for more studies on the racial wage gap. To help close the racial wage gap, job seekers who are affected must negotiate more than they do. Yeah, we can argue the potential problems with labeling companies but it’s time to crack down on companies who are not fairly compensating individuals for their abilities.

Wage 100

5 Things to Know About The Yelp Employee Who Got Fired Complaining About A Living Wage in San Fran.

The HR Capitalist

Talia Ben-Ora posted an open letter Friday afternoon to Yelp chief executive Jeremy Stoppelman, saying she wasn't earning a living wage while working in customer support at Eat24, Yelp's San Francisco-based food delivery arm. Communications Compensation Economics Employee Relations Talent WorkplaceMany of you saw this, but it's too good not to talk about here.

2016 105

Pros and Cons of Florida Voting in the $15 Minimum Wage - It's Complicated.

The HR Capitalist

By now, most of us have reached a steady state conceptually related to raising the minimum wage. Reasonable people can agree that we should pay people as close to a living wage as we possible can, right? 2--The big hidden cost here is wage compression in any organization.

Want a Fatter Salary? These 5 Things Are More Important!

Catherines Career Corner

These 5 Things Are More Important what is a positive attitude what is networking work salary work wagesTweet Written by Catherine Adenle It is easy, in this over-commercialized world for us to think that money is everything. In actual fact, this is not necessarily true. To get into high paying jobs you will have to study and develop [.].

McDONALD'S: Achiever Guilt, Worker Drive and The Riddle of a Working Wage.

HR Capitalist

Not sure if you saw this last week, but the McDonald''s annual shareholders meeting was targeted by wage activists looking to bump the entry level wage at the fast food giant from 8 or 9 dollars an hour to - wait for it - $15 per hour. Workers chanted "Hey McDonald''s You Can''t Hide, We Can See Your Greedy Side," and "No Big Macs, No Fries, Make our Wage Supersize," as the arrests were made. They stay at the low wage. Compensation

Wage 65

Pay Increase: How Not to Ask

Catherines Career Corner

Written by Catherine Adenle Asking for a pay increase could be nerve-wracking regardless of your position in an organisation. In this slow economy, it’s even a bit risky if you are not cautious about having a justifiable strategy when you ask [.] Related posts: Thrive and Get Noticed at Work: 50 Tips. Want a Fatter Salary? These 5 Things Are More Important! Get the Job, Keep the Job and Lead! You Are the Pilot of Your Career Plane. The 5 Gifts to Give Your Employees.

2012 65

The Most Messed Up Chart You'll Ever See Related to Wage Increase History in America.

HR Capitalist

This chart shows the percent change year over year of wages for hourly and non-supervisory employees. Compensation WorkplaceYou want to see some #@**? Take a look at the chart below and let's talk about it after the jump. Five Observations: 1. Although there's some other things that can go into this, this is basically a chart that shows relative merit increases for these workers.

Wage 76

what to say to job applicants when you know you can’t offer fair compensation

Ask a Manager

This post, what to say to job applicants when you know you can’t offer fair compensation , was originally published by Alison Green on Ask a Manager. In that time, our starting wage has gone up 50 percent, we’ve brought all current employees up to above that amount and in many cases offered a year of retroactive pay for the difference.

2021 21

Did You Know That. Employer-Paid Moving Expenses are Now Taxed as Employee Income?

Sklover Working Wisdom

We all should know that wages, salary, bonuses and employer-granted grants of stock are “income” to the employee, and thus subject to taxes to be paid by the employee. Benefits, Pensions and Perq's Did You Know Miscellaneous Compensation Miscellaneous Perq's Monthly Newsletter Library Raise, Bonus, Compensation RelocationYes, the 2018 “Tax Reform” law in the U.S.

2019 100

Paid by Net Sales, Net Profits, Net Revenues? – Always Ask, “Net of WHAT?”

Sklover Working Wisdom

It offered a decent salary, and also an Incentive Commission Program that compensated members of Corey’s Sales Team 1% of “Net Sales” on a semi-annual basis. Corey was confident in his sales abilities, and so was especially happy to secure a position with “performance-based cash compensation.”. Even if you have already been on the job – whether for a day or a decade – ensuring that you know how your compensation will be calculated is critical, because it just might be changed.

2019 100

“Vacation and Vacation Pay – 50 Frequently Asked Questions”

Sklover Working Wisdom

The laws that apply to employees generally follow this rule: the state laws that apply to benefits and wages is the state law of the state in which you “sit” while you do most of your work. It is like trading away your right to minimum wage, or a safe workplace: it just will not pass legal muster. That said, several states provide that earned vacation time is the equivalent of earned wages, and thus cannot be taken away from you for any reason.

2014 125

Ensuring Employers Are Properly Paying You

Ms. Career Girl

Before you embark on the perilous journey of investing more time into your employer, here are a few aspects of wage law that you should know about. Receiving an hourly wage will qualify you for being paid for every hour worked. Every time you take a work phone call, send an email, or do an assignment off-site it should be compensated. Receiving an hourly wage might ensure you get paid for every hour worked, but it will not necessarily guarantee overtime pay (OT).

2015 122

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

Sklover Working Wisdom

If an employer tries to retroactively lower compensation, as your employer has tried, it is an illegal denial of wages earned, and is unlawful in every state and country I know of. it would constitute a violation of law for an employer to fire an employee in retaliation for the employee’s filing an unpaid-wage claim for monies due but unpaid. Miscellaneous Compensation Q & A Raise, Bonus, CompensationQuestion: I work for a physician.

2012 167

Defining Commensurate: It’s not so easy…

Workology

You have most likely heard or read the words “compensation will be commensurate with experience and/or academic preparation” What does this mean? . Many may see those words in a job posting or job description and think this means they will receive a compensation package which is comparable to what everyone else in the world with a same or similar job title makes. Each hiring organization gets to determine what they will pay and how they will compensate their employees.

2014 101

Daily Pay: Discount it at Your Own Peril As an HR Leader.

The HR Capitalist

Walmart has announced it will begin allowing its workers to use an app called Even to access a portion of their wages before standard paydays. You've got employees who live paycheck to paycheck, and being able to tap into their wages before you decide to pay them every two weeks might be a contributing factor moving forward to you being able to attract hourly workers - or keep them. Compensation HR Tech

2019 111

“Commission and Sales Bonus Plans: Read them or it will cost you.”

Sklover Working Wisdom

A significant part of the compensation was a quarterly Sales Bonus based on revenue from customers. Your situation, and the question that has arisen from it, is a very good illustration of an important lesson that applies to all employment: There is no substitute for reaching out to find out all details of employment and compensation. Employers have no obligation to tell employees all details of their employment relation or compensation.

2011 130

THE WORLD'S SALARY CAP: Labor's Share of GDP Across the Globe.

The HR Capitalist

If you're a professional sports fan, you know all about the concept of a salary cap, which is defined by Wikipedia as follows in sports: In professional sports , a salary cap (or wage cap ) is an agreement or rule that places a limit on the amount of money that a team can spend on players' salaries. The wage share is countercyclical ; that is, it tends to fall when output increases and rise when output decreases. Compensation Economics Talent Workplace

2018 73

Overtime Pay: 80% of American Employees are Entitled. Are you?

Sklover Working Wisdom

Highly Compensated” Exemption – This exemption is intended to apply to employees who earn a significant livelihood AND customary and regular aspects of their work would put them in other “exempt” categories, above. times the minimum wage. For information on how to initiate an anonymous overtime complaint to the Wage and Hour Division of the U.S. Monthly Newsletter Library Overtime, Commissions and Unpaid Wages“I’ve got all the money I’ll ever need.

2012 175

This Is What Companies Do When They Are Getting Kicked by Entry-Level Turnover.

The HR Capitalist

Bertolini told employees at a meeting Monday the company is raising its minimum wage to $16 per hour in April. The wage increase is partly to retain staff as the economy improves, and the cost of increasing wages is offset to some degree in other ways, Bertolini said during a companywide meeting that was video-streamed Monday from Jacksonville, Fla. A full-time employee making the new minimum wage would make $33,280 annually. Compensation Employee Relations

Paying Fast Food Workers $15 Per Hour - 4 Capitalist Thoughts.

The HR Capitalist

There''s been a lot of press recently about raising the wages for fast food workers to $15 an hour. The move to raise wages in this fashion polarizes the dialog. You think the market decides, and any artificial, non-market related move to raise these wage levels is complete BS, or; 2. Related to raising the wages of fast food workers to $15 an hour, I don''t think it''s safe to assume that employers would just pay the money and everything would remain the same.

2015 108

“Can an employer change the time commissions are earned and paid?”

Sklover Working Wisdom

Question: My wife was called into her boss’s office yesterday (he is the company’s owner) and asked to change her compensation starting January 1st from (1) salary plus 7% commission to (2) straight 30% commission. This new compensation plan would have given her an extra $10,000 compensation this past year, so it seems like a good deal. Is this wage theft? Nor is it “wage theft.” Overtime, Commissions and Unpaid Wages Q & A

2011 126

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

The HR Capitalist

But I digress - here's more: “This was done so the Defendant would not have to pay their employees overtime while they were waiting for positions to open up, as Defendant continually hired for this position where the supply far exceeded the available positions,” according to wage and hour class action lawsuit. There are some 1,500 employees who may qualify to be part of the Class, the wage and hour class action lawsuit states. Compensation Litigation WorkplaceAh yes.

2015 125

Alleged Pay Discrimination at Google Makes Marc Benioff and Salesforce Look Amazing.

The HR Capitalist

In their efforts to bring wage equality to Silicon Valley, government officials have accused one of the tech industry's anchor firms of large-scale gender discrimination. Department of Labor (DOL), available data suggests that women who work at Google suffer from "systemic compensation disparities" compared to their male peers. Compensation Employee Relations Litigation

2017 81