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Compensation

 

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Holding Steady, Expect Salary Budgets to Rise 3.1% in 2016
U.S. employees can expect an average base salary increase of 3.1 percent in 2016, up only slightly, if at all, from the raises they received this year, a WorldatWork survey shows.

Wages Remain Stagnant with No Relief in Sight
U.S. wage growth was meager in the second quarter of 2015 across most industries and cities. Even previously hot-performing sectors such as tech saw wage growth headed down.

Quarterly Increase in Worker Pay Smallest on Record (Bloomberg Business)
Despite signs of labor market tightening, wages and salaries in the U.S. rose in the second quarter at the slowest pace on record, dashing projections that an improving labor market would boost pay.

Overtime Rule Change Bad for Business?
Under proposed regulations, faced with the difficult recalculation of overtime rates, employers may forgo incentive payments to nonexempt employees.

Overtime Rule Will Result in ‘Hard Choices’
Employers will face many complicated operational issues involving pay, benefits and work hours as a result of the administration’s overtime proposal—issues they should consider well in advance of a final rule.

Time to Ban Pay Negotiations?
To ensure that better pay isn’t only for better bargainers, greater transparency may be more effective than banning salary negotiations.

Proposed Overtime Rule Puts 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.

 

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Stephen Miller, CEBS, is online editor/manager for compensation and benefits at SHRM. @SHRMsmiller
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