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Compensation Ezine
 
 
DOL Sues Firm for Causing $25 Million Loss in Pension Funds
15 Best Paying States for Women with a College Degree
Who Earns the Minimum Wage?
Most Employers Have OT Policies, but Not All Are in Writing
Top 10 Compensation Stories
HR Challenge®: Minimum Wage
Compensation Hot Topic: Job Grades and Salary Ranges
Compensation Q&A
Odd Jobs
Featured Article:
The Wage and Hour War: Managing Risk in an Ever-Changing Environment
Also:
Tool of the Week
Featured Resources
Poll:
Will minimum wage raise further hurt economy?
Last Week's Poll:
Will fewer new grads be hired this year?

Hiring and Social Networking Sites Audio Conference--April 30
During this 90-minute audio conference, our expert will give you the legal pros and cons of relying on online data when you screen potential and current employees - with a special emphasis on information found via Google, Facebook, MySpace, and other "social networking" sites. You'll learn when you can use these sites for HR purposes, how to gauge whether what you learn about your workers is true or false, and the types of online material you should never search for.

Learn more!

DOL Sues Firm for Causing $25 Million Loss in Pension Funds
The U.S. Department of Labor has sued a Chicago-based firm and its executives for improperly causing more than $25 million in losses for five Michigan pension funds. DOL says that executives of AA Capital Partners Inc. misused assets to benefit themselves and by charging the plans excessive investment management fees.
Read on ...

15 Best Paying States for Women with a College Degree
What states offer the best median annual earnings for women with a college degree or more? The American Association of University Women (AAUW) recently ranked all 50 states and the District of Columbia by this criterion.
Read on ...

This Week's Poll
What will be the impact of this summer's increase in the federal minimum wage?
Vote here ...

Last Week's Poll
Most of you report that economic conditions won't impact your hiring practices when it comes to college grads.
View results ...

Tool of the Week
Cost Per Hire Calculator
[Trial or subscription to Compensation.BLR.com required.]

Line Up Your Executive Comp Program with Corporate Objectives
Creating an executive compensation pay package requires a carefully integrated strategy. BLR's Fundamentals of Executive Compensation--Download, a practical handbook that includes sample employment agreement and model equity plans, shows you how to recruit the talent that can lead your organization ahead of the competition while aligning their compensation with your organizational goals. Includes helpful sections on how to navigate complex tax laws, securities laws, and accounting principles you must consider.

Learn more ...

Who Earns the Minimum Wage?
Among the 75.9 million American workers who were paid by the hour last year, 267,000 earned exactly the prevailing federal minimum wage, and nearly 1.5 million earned wages below the minimum, according to a report by the Department of Labor's Bureau of Labor Statistics.
Read on ...

Most Employers Have OT Policies, but Not All Are in Writing
The vast majority of HR professionals report that their company requires employees to gain approval prior to working overtime, but many who have such a policy have not put it in writing, according to a recent Compensation.BLR.com poll.
Read on ...

Top 10 Compensation Stories
The following 10 articles are the most popular among Compensation.BLR.com readers in the last 90 days.
Read on ...

Featured Article
The Wage and Hour War: Managing Risk in an Ever-Changing Environment
Wage and hour class action litigation has now outstripped all other employment-related litigation--and no wonder, because fully 80 percent of all employers aren't in compliance with the FLSA. That was the message of Tammy McCutcheon and Lee Schreter, shareholders at Littler-Mendelson, in a recent SHRM webcast.
Read on ...
[Trial or subscription to Compensation.BLR.com required.]


Compensation Q&A
Questions from our Ask the Experts archives

Can I implement a policy whereby our 30 minute meal break is automatically deducted from employee time each shift?

Get the answer...

HR Challenge®: Minimum Wage
The federal minimum wage is scheduled to rise again in the summer of 2008. When will it rise, and what will the new federal minimum wage be?
Take the quiz ...

Compensation Hot Topic: Job Grades and Salary Ranges
An HR Forum subscriber has been tasked with creating job grades and salary ranges for his employer, and is seeking guidance on how to go about it.
Join the discussion ...

Odd Jobs
Job Title: Squilgeer
National Average Salary: $12.10 per hour (June 2005 data)


Classified under the job category of "Butchers and Meat Cutters," these workers use hand tools and power equipment (such as grinder, cubing machine, and powersaw) to perform cutting and trimming of meat, poultry, and fish.

Sources: Bureau of Labor Statistics, U.S. Census Bureau

Need job descriptions or salary data for jobs at your company? We've got hundreds available at Compensation.BLR.com.

Featured HR And Compensation Resources
Fundamentals of Executive Compensation
This practical handbook, which includes a model employment agreement and sample equity plans, shows you how to recruit the talent that can lead your organization ahead of the competition, while aligning their compensation with your organizational goals.

Payroll Inserts
Deliver a message every month that helps your employees improve their performance, reduce waste, and strengthen your profits!

The Job Analyzer
Take the guesswork out of wage and salary administration by learning the right techniques to analyze jobs, write detailed job descriptions, evaluate and price jobs, and conduct performance evaluations.

HR Audit Checklists
Uncover potential legal problems before they arise, while making certain each policy is current and provides the best information for your company.

Best Practices in Compensation & Benefits Newsletter
This monthly newsletter will ensure that you are on top of the latest compensation and benefits news.




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April 23, 2008
Minimum Wage Change: What's the Impact?

This summer, the federal minimum wage is set to increase. Do you know the date of the change and what the new minimum wage will be? Take our HR Challenge® to find out.

Meanwhile, who will be affected by the increase? How many American workers currently earn only the federal minimum wage? A recent report by the Bureau of Labor Statistics provides a snapshot of minimum wage workers. Read about it in the news.

Finally, let us know what impact you think the minimum wage increase will have. Will it have a negative impact on your company? The economy? Give us your opinion in this week's poll.
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