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Compensation Administration—News—Federal

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Buying a House Costs 8.5% More 
Buying a house in the U.S. cost 8.5 percent more in October of this year than it did in the same month last year, according to the Federal Housing Finance Board.



Wage Growth Slows 
Average hourly earnings were up by 1 cent in November to $15.83, seasonally adjusted, following a 4-cent gain in October, according to the Bureau of Labor Statistics.



New Law Changes Rules for Nonqualified Deferred Compensation 
President Bush has signed into law the American Jobs Creation Act of 2004, which makes changes to rules covering nonqualified deferred compensation programs.



From Entrepreneur to Apprentice: Rancic Reflects on HR, Compensation 
Bill Rancic says he had "probably one of the most elaborate interviews in the annals of human resources," when he beat out the competition on Donald Trump's reality show, The Apprentice, to be hired for the Trump organization. Yet Rancic, as an entrepreneur, has himself been an employer who had to make hiring and compensation decisions at his company, Cigars Around the World.



Firms Revising Variable Pay Plans 
Nearly half of all employers with variable pay plans have revised them in the past year as companies continue to shift from fixed pay to variable pay, according to a survey by Watson Wyatt, a consulting firm.



Compensation Costs Rise 
Compensation costs for the private sector rose 0.9 percent from June to September 2004, after advancing 1.0 percent in the prior quarter, the Bureau of Labor Statistics of the U.S. Department of Labor reported.



Study Points to Widening Wealth Gap 
The last recession only widened the wealth gap between white families and black and Hispanic families, according to a private analysis of U.S. Census data.



More Multi-Nationals Adopting Centralized Compensation Structures 
The number of multinational companies with centralized compensation structures is growing, according to new survey results released by jointly by Watson Wyatt Worldwide, an HR consulting firm, and WorldatWork, a not-for-profit association for compensation professionals.



BLR's New Website Gives Instant Access to Compliance and Training Solutions 
Business and Legal Reports Inc. has just launched a completely new website, www.BLR.com, that sets a new level of ease of use for busy managers in human resources, compensation, safety, and environmental compliance.



Poll Finds Most Satisfied in Their Jobs 
To mark Labor Day, the Associated Press polled Americans on their attitudes toward work. It found most of them satisfied with their jobs, though many expressed concerns about job stress, opportunities for advancement, health care, and retirement benefits.





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