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Compensation Administration—News—Federal

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Shying Away From Salary Comparisons 

When some in the tech field visit their favorite Web sites to ask how much to charge for their services, they may find themselves in for a surprise, the Washington Post reports.



Spending on Outside Counsel Expected to Slip  

How will U.S. corporations adjust their spending on outside legal counsel in 2002? Will the recession force them to rein in spending, or will economic factors be less of a concern, as businesses call on outside firms more to help navigate through a changing regulatory landscape and rising litigation?



Enjoying the Holiday Lull 
It's much quieter and a lot slower at most American workplaces this week, and that has many employees looking forward to coming to work.



Employers' Upper Hand Won't Last 
While this year saw the balance of power shift away from employees and toward employers, the Christian Science Monitor warns that the change will be only temporary.



Steady Demand for Accounting Execs  
These are the times that try an executive's soul. But the exec with an accounting or financial background may find them a little less trying, according to CareerJournal.com.



Smaller Merit Raises in 2002 
Employers plan to trim their 2002 merit pay increases for all categories of employees, including executives, and are pursuing a wide variety of other workforce strategies to contain HR costs, a new survey shows.



CFOs Make Up To $400,000 
A new salary survey gives a composite picture of the highest-paid professional in the accounting/financial field.



Productivity rises, labor cost growth slows 
3rd Quarter good news could help avoid Fed rate rise. Last Friday, just when the economists were grumbling about another possible interest rate hike by the Fed tomorrow, worker productivity galloped in to the rescue. U.S. workers' productivity rose sharply in the third quarter while labor cost growth slowed. The surprising strong numbers point out that the economy can continue in a high growth, flat out employment mode without the old inflation worries.



Rapid Rise of IT Pay Tapers Off 
Pay continues to climb steadily if not spectacularly for corporate IT jobs, a new survey reveals.



House Bill Would Amend FLSA to Permit More Bonuses 
Legislation (S.1878) introduced by Senator Kay Bailey Hutchison (R-TX) would amend the Fair Labor Standards Act (FLSA) and make it easier for employers to offer bonuses and incentive pay to employees.





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