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The Latest Compensation News
With the release of the Department of Labor’s (DOL) final overtime regulations, not only will employers and human resources (HR) professionals be dealing with the dollars and cents of shifting numerous employees from the exempt to nonexempt categories under the Fair Labor Standards Act (FLSA), but they will be tasked with bolstering employee morale and handling various emotions about the changes.
Randstad US, a staffing and HR services companies, has released its annual salary guides, which reveal that while most 2016 pay raises will average around 3%, certain engineering, information technology, manufacturing and logistics, and office and administration jobs can expect compensation increases of 6% to 9%.
When pondering wage and hour law, folks generally think in terms of "hourly" and "salaried" employees to distinguish between workers who are subject to the minimum wage and overtime requirements and those who aren't. However, they are really talking about "nonexempt" and "exempt" employees under the Fair Labor Standards Act (FLSA).
Employers, get ready for a busy summer! Just when you are about to embark on your summer getaways, dreaming of sun and relaxation … you are probably going to have 60 days to make sure you are in compliance with the Fair Labor Standards Act (FLSA) changes.
The latest Duke University/CFO Global Business Outlook survey concerned the minimum wage, with nearly 75% of minimum-wage paying firms in the United States saying they would reduce current or future employment if the minimum wage is raised to $15 per hour.
New research from the LIMRA Secure Retirement Institute reveals that workers from for-profit and not-for-profit organizations will save only enough in their defined contribution (DC) plans to receive the full company match.
A new report by Glassdoor, Demystifying the Gender Pay Gap, helps to confirm the existence of wage disparities by sex and why they continue.
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