The American Jobs Creation Act of 2004 makes substantial changes to the tax
rules for nonqualified deferred compensation plans. The new rules are effective
January 1, 2005.
The median salary for security professionals in the United States rose 8.3 percent from 2002 to 2003, according to new survey results from a professional association.
The Treasury Department and IRS have issued guidance regarding transition rules
under section 409A, which provides new rules for nonqualified deferred compensation
plans.
In a final statement on a stock-options rule, the Financial Accounting Standards Board says that
companies must treat employee stock options as an expense on financial statements
beginning in 2005.
A pattern that found many U.S. employers making sharp cuts to their pay-increase
budgets at the end of the year appears to be changing, according to a survey
by Mercer Human Resource Consulting.
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.
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.
President Bush has signed into law the American Jobs Creation Act of 2004,
which makes changes to rules covering nonqualified deferred compensation programs.
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.
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.
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.
