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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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June 07, 2004
Wal-Mart Links Execs Bonuses with Diversity Goals

Wal-Mart says executives will face a cut in their bonuses if the company fails to meet diversity goals, the Associated Press reports.

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!

The company's chief executive, Lee Scott, told shareholders and employees last week that executives' bonuses would be cut up to 7.5 percent this year if the company fails to meet its goals for promoting women and minorities. Next year, the cut would increase to 15 percent, according to the news service.

"If 50 percent of the people applying for the job of store manager are women, we will work to make sure that 50 percent of the people receiving those jobs are women," says Scott.

The company has been the target of several lawsuits in which employees have accused the company of discrimination and unfair labor practices. Earlier this year, the company launched a public relations campaign to improve its image.

Last week, the company also said it is making changes to its pay scale and job classifications for hourly workers. Without disclosing details about the plan, Scott says the pay policy will be fairer, the news service reports.


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