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Compensation

 

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DOL Issues Overtime Proposal
The Department of Labor (DOL) announced a highly contentious proposed rule that would extend mandatory overtime to nearly 5 million white-collar workers. Those who earn as much as $970 per week—$50,440 per year—would have to be paid overtime even if they’re classified as a manager or professional.

New FLSA Rules Put Focus on Compliance
The proposed rule to limit white-collar overtime exemptions is likely, when finalized, to add to “the explosion of class-action litigation under the wage and hour statute,” cautioned attorney Robert A. Boonin at the SHRM 2015 Annual Conference.

Remote Work and the FLSA: Reduce Your Risks
In the age of 24/7 connectivity, it's vital to establish control over employees' worktime so as to reduce the risk of FLSA noncompliance and the huge settlements that courts often impose for violations, advised attorney Christine D. Hanley at the SHRM 2015 Annual Conference.

Keep Incentive Pay Plans Simple but Challenging
The age of base pay as the most important compensation component is over, and the era of variable comp is at hand, said pay advisor Stacey R. Carroll at the 2015 SHRM Annual Conference.

Rewards Management: One Size Doesn't Fit All
Rewards that are not believed to be equitable, competitive and appropriate can damage your organization's value proposition and make attraction and retention more difficult, Robert J. Greene explained at the 2015 SHRM Annual Conference.

Forecasters See a 2.7% Increase in U.S. Salary Budgets
When developing salary increase budgets, consider not only the market movement of salaries but also inflation, unemployment and other factors, a preliminary 2016 salary forecast advises.

They'd Rather Find a New Job than Ask for a Raise
Many employees are stewing over their pay but lack the confidence to ask for a raise, and that is taking a toll on their engagement—and making it more likely that they’ll seek new employment elsewhere.

CEO Pay Mix Emphasizes Long-Term Incentives
In determining the recipe for CEO compensation at top U.S. public companies, market enthusiasm driving pay levels higher was tempered by the impact of active shareholders on compensation committees.

 

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Stephen Miller, CEBS, is online editor/manager for compensation and benefits at SHRM. @SHRMsmiller
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97 Frequently Asked Questions About Compensation: With Answers from SHRM’s Knowledge Advisors
The most often asked employee compensation questions related to bonuses, paid leave, tax compliance, wage and hour regulations, and much more.

 

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SHRM 2015 Annual Conference
June 28-July 1 | Las Vegas, Nev.


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