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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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February 02, 2011
Wall Street Compensation and Benefits Record High in 2010, WSJ Reports

Total compensation and benefits at publicly traded Wall Street banks and securities firms was high in 2010, at a record $135 billion, according to the Wall Street Journal.

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!

"Things are shifting back to where they were before," said J. Robert Brown, a law professor at the University of Denver who studies compensation and corporate-governance issues.

The Wall Street Journal attributes part of the 5.7 % rise in compensation and benefits to a higher revenue, which at an all-time high of $417 billion.

In 2010, many firms increased base salaries to improve employee performance, and decrease turnover, the Journal reports.


Wall Street Journal

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Top 100 FLSA Overtime Q&As
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