Once a common tool for recruiting talent at all employment levels, signing bonuses fell out of favor outside executive level positions in the 90s and 2000s to the point that … Continued
Overview The Department of Labor (DOL) has issued its proposal to increase the salary threshold for exempt employees by significantly raising the exempt salary threshold from $684 per week to … Continued
The COVID-19 pandemic of 2020 led to many dramatic changes spanning all areas of society, including transforming the workplace. Prior to the pandemic, only 23% of U.S. workers whose jobs … Continued
We all know what a shattering event the COVID-19 pandemic was for caregivers. As the world was grounded to a halt, working parents and other caregivers were suddenly left without … Continued
With pay transparency laws becoming more common and younger generations in the workforce expecting greater transparency, no business can avoid having a serious conversation about their pay transparency practices. When … Continued
Overview From a non-legal and practical perspective, it is interesting that the U.S. Supreme Court rendered a specific option on how salary is defined under the FLSA (Helix Energy Solutions … Continued
During the SOTU, many topics were addressed which have a direct impact on employers and how to support employees. President Biden’s approach in focusing on specifically and intentionally on middle … Continued
Based on trends observed in 2022 and survey data on employers 2023 plans, we have identified some top trends to watch in compensation in 2023. Employers Formalize Compensation Philosophy for … Continued
Many single employer defined benefit plan sponsors have seen their plans’ Pension Benefit Guaranty Corporation (PBGC) insurance premiums rise like a hot air balloon in recent years. The PBGC provides … Continued
Getting pay right for employees requires a specific strategy. This then is further complicated as many companies struggle with how to approach a compensation strategy for remote workers. There are … Continued