The introduction of automation and machine learning to the sales process is already changing the game. Modern sales technology is allowing buyers to go through a majority of the buying process without ever speaking to a salesperson. Not only is this change evolving the role of the sales professional, but it is also altering how companies should structure their compensation plans. READ MORE
Nike raises pay for 7,000 workers to improve compensation equality
Nike Inc. is raising salaries for more than 7,000 employees after an internal pay review and changing how it awards annual bonuses to its global staff, part of a broad overhaul of compensation at the sportswear giant. READ MORE
Chicago could be the largest US city to launch a basic income pilot
Universal basic income, a system in which everyone regularly receives a check from the government regardless of income, has been growing in popularity over the last few years. Former President Barack Obama even recently suggested that basic income may be a partial solution to the loss of jobs caused by automation. READ MORE
SEC’s Equity Compensation Reporting Rule Change Presents Opportunity for Employers
According to one experienced capital markets attorney, the SEC’s move this week to amend Securities Act Rule 701 is an important one and could lead to more private employers issuing equity compensation. READ MORE
Sharing salary data: Empowering HR with compensation insight
For Stacey Klimek, vice president of people at PayScale, eliminating surprises, articulating compensation philosophy and providing context for pay decisions is all in a day’s work. And it’s easier to do when you have home-grown comp data and analytical tools at your fingertips. Employee Benefit News recently spoke to Klimek about how a pay data and compensation analytical tool provider can help executives meet corporate goals. Edited excerpts of that conversation follow. READ MORE
New CEO pay ratio rule offers narrow view into executive compensation
The new CEO pay-ratio rule has provided a new view into executive compensation — but more a peephole, limited and slightly distorted.
Public companies have long had to disclose the compensation of their five highest-paid executives, including the CEO. Under the new regulation, public companies need to report the ratio of the CEO’s pay to the pay of the median employee at the company. READ MORE
7 Compensation Strategies for Cash-Strapped Startups
As a startup founder, I’m constantly struggling to recruit top talent without breaking the bank. We can’t always match market salaries, but we need exceptional (read: expensive) talent in order to build from scratch. How do you recruit a developer making well into six figures, or an experienced salesperson with four kids in private school? At our company, Hatch Apps, we’ve learned to get creative. READ MORE
The story behind big pay days, and will Trump's tax cut impact CEO compensation?
Some familiar names and some new faces are atop the list of highest paid chief executives at San Diego County’s publicly traded companies.
Qualcomm’s Steve Mollenkopf was the highest paid local CEO last year, earning $18.8 million based on the Union Tribune’s methodology for calculating executive pay. READ MORE
Will the new pay ratio disclosure help curb what CEOs make?
For decades, politicians, labor unions and pay equity advocates have railed against how much top executives at American companies make.
The outrage has sparked a hodgepodge of disclosures requirements, accounting rules and tax policies aimed at reining in CEO pay – with uneven results. READ MORE
Performance Management: One Simple Secret For Doing It Right
As a leader, it’s your responsibility to continuously communicate expectations, to define duties, and to help people accomplish strategic objectives. That’s your job. But, if you want to be great at performance management, there’s a little secret you need to understand. READ MORE
The SEC takes executive compensation seriously
Why Due Diligence Is Different For Roles Biased To Regular, Variable And Equity Compensation
As an executive onboarding into a new role, due diligence is a critical part of mitigating risk before accepting a job. The three main risks are always organizational, role and personal. But the components of those risks vary across roles with different compensation compositions. READ MORE
Why the uproar over executive pay isn't entirely warranted
For those inclined to view big business as irresponsible, poorly governed and out of touch, CEO compensation provides the biggest and juiciest target. READ MORE
Trying to Ensure Fair Pay, Employers Are Changing Policies
Sixty percent of U.S. employers are planning to take some action this year to prevent bias in hiring and pay decisions. READ MORE
Employers Are Finally Ready to Talk About How Much They Pay
Up until last week, none of the 170 employees working at Verve, a marketing company, knew what anyone else made. Now, everyone’s salary is listed on an internal document for everyone to see. READ MORE
The growing complexity of compensation strategies
As employers come under increasing pressure to boost pay for performance and employ fair pay strategies in the workplace, they’re rethinking the programs they already have in place, according to a new survey from Willis Towers Watson. READ MORE
Stock-based compensation brings elaborate rules
Large employers, particularly those whose stock is publicly traded, often grant stock to their employees. Sometimes these stock awards are made broadly available, but they may be narrowly tailored to key employees. READ MORE
Which is better for business owners: compensation or dividends?
One of the major changes in the tax law enacted last December in the Tax Cuts and Jobs Act (TCJA) was the creation of a new deduction for “qualified business income.” As a general rule, this deduction allows individuals who are either sole proprietors or who own interests in businesses that are formed as limited liability companies, partnerships, or S corporations to deduct from their gross income an amount that may be as high as 20 percent of their share of that entity’s income. READ MORE
What Does "Compensation" Mean Under the 401(k)/403(b) Plan?
One of the Top 10 Mistakes made by 401(k)/403(b) plan sponsors is failing to follow the definition of “compensation” under the terms of the relevant plan document. Compensation can be defined several different ways for plan administration purposes. For example, compensation may be defined as W-2 wages, which would include bonuses for purpose of making elective deferrals. Using the example, if an employer fails to allow the employer to defer off a year-end bonus (part of W-2 compensation), the plan has experienced an operational error, which affects its tax-qualified status. READ MORE
Can anything bring CEO pay back down to earth?
Because of a provision in the Dodd-Frank Act, this year public companies started reporting the ratio of their chief executives’ pay to the median earnings of employees. This offered a stark new way to see income inequality in action. READ MORE