As companies are struggling with attracting, retaining, and motivating employees and balancing pay for performance and retention, two of the more prominent tools that are often considered are Restricted Stock … Continued
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
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
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
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
While the pandemic forced most businesses into remote work arrangements in early 2020, many have discovered that the model proves to be sustainable in some fashion. Employers that have allowed … Continued
On Friday, July 9, 2021, President Biden issued Executive Order 14036, Promoting Competition in the American Economy, spelling out 72 initiatives by more than a dozen federal agencies in an … Continued
On Wednesday, March 24, Equal Pay Day helps promote awareness that on this date, it marks the extra three months that women must work to earn the same amount of … Continued
The Paycheck Fairness Act (pending federal bill H.R. 7) was reintroduced on January 28, 2021 and as currently proposed, would drastically alter the federal law effectively eliminating a defense of … Continued
Earlier this year, the Pennsylvania Department of Labor and Industry (L&I) issued a rule to increase the minimum salary required to avoid overtime compensation for executive, administrative, and professional (EAP) … Continued