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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?


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This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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November 25, 2008
Poll: Many Employers Reducing or Eliminating Bonuses
Nearly half of respondents to a recent HR.BLR.com/Compensation.BLR.com poll report that economic conditions have prompted their organization to either reduce or eliminate year-end bonuses.

When asked “Have economic conditions changed your plans for year-end bonuses?,” 26 percent of respondents answered “Yes, we’ll have to pay our less than planned” while an additional 21 percent responded “Yes, we had to eliminate them.” Just 26 percent responded “No, they will be given as planned.” The remaining 27 percent of respondents answered “No, we don’t give end-of-year bonuses.”

In a recent press release, Hay Group, a global management consultancy firm, explained why--regardless of your current situation--you shouldn't make any hasty decisions when it comes to bonuses, and provided 5 specific things your organization should avoid as the bonus season approaches. You can view the article here.

The HR.BLR.com/Compensation.BLR.com poll included 392 respondents.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
Featured Special Report:
Top 100 FLSA Overtime Q&As
   
   
 
 
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