Independent Vermont Sen. Bernie Sanders is expected to unveil a bill on Thursday calling for Walmart to raise employees’ wages, or face financial consequences, after a similar effort was successful against e-commerce giant Amazon. READ MORE
Benefits and bonuses aren't making up for slow wage growth
The fact that paychecks have been slow to increase amid the robust economic recovery and record-high corporate profits has left some workers frustrated. READ MORE
House Democrats plan to push for $15 federal minimum wage
House Democrats are busy filling up their 2019 calendar.
After they take control of the House of Representatives in January, the new Democratic majority plans to compel President Donald Trump to release his tax returns, investigate his administration’s response to Hurricane Maria, and vote to protect people with preexisting conditions from losing their health insurance, among other items on the agenda. READ MORE
Association of CPAs submits feedback to Treasury, IRS on executive compensation
The American Institute of Certified Public Accountants (AICPA) submitted feedback to the U.S. Treasury Department and the Internal Revenue Service (IRS) on changes made by the Tax Cuts and Jobs Act (TCJA) related to executive compensation. READ MORE
Equity Compensation Plays Big Role in Employee Net Worth
How to Tie Executive Compensation to Sustainability
The challenge of running a sustainable enterprise has taken center stage among shareholders. Last year, for example, Russell 3000 companies received 144 shareholder proposals requesting action on social and environmental issues. Meanwhile, in a survey of 89 institutional investors by Callan, 43% of respondents said they incorporate sustainability factors into their investment decisions — up 21 percentage points from 2013. READ MORE
Fifth Circuit Says Don't Mix Incentive Pay With Fluctuating Workweek
Many employers rely on the fluctuating workweek (FWW) method to reduce their overtime obligations. FWW allows employers to pay a fixed salary and a half-time overtime premium to employees whose working hours significantly vary from week-to-week. READ MORE
Social Security wage base set for 2019
Tax-Exempt Organizations, Excise Taxes and Executive Compensation
As 2018 draws to a close, the trustees, directors, and senior management of tax-exempt organizations should review the compensation structure of some of its executives in light of the Tax Cuts and Jobs Act (TCJA), which was enacted earlier this year. Under the applicable provisions of the TCJA, certain compensation arrangements could result in the imposition of excise taxes and penalties on the organization, beginning in 2018. In light of these changes in the federal tax law, tax-exempt organizations will also want to carefully structure their compensation arrangements for 2019 and beyond. READ MORE
AICPA Comments on Treasury and IRS Guidance Regarding Executive Compensation
The American Institute of CPAs (AICPA) has written the U.S. Department of the Treasury and the Internal Revenue Service (IRS) with recommendations about the guidance in Notice 2018-68, which was issued to comply with the changes made by the Tax Cuts and Jobs Act (TCJA) relating to executive compensation under section 162(m) of the Internal Revenue Code. READ MORE
US employers feeling pressure to raise wages
At CNH Industrial NV’s factory in Racine, Wisconsin, workers are building bright red Case IH tractors the company’s known for, and they’ll sell for hundreds of thousands of dollars. But there’s something even more valuable on the assembly line: the employees. READ MORE
Arkansas and Missouri just approved big minimum wage increases
Voters in both Missouri and Arkansas backed hiking their state’s minimum wage through measures on Tuesday's midterm election ballots, becoming the ninth and 10th states to raise their minimum wages via ballot initiative in the last three election cycles. READ MORE
Employers pay overweight workers less, new study reveals
Wage Gains of 3% Taking Hold as US Employers 'Need to Pay Up'
While employers hope to retain and attract workers with better benefits such as extra vacation days, money may be talking louder now. READ MORE
The Shocking First-Year Compensation Of Harvard MBAs
This year’s graduating class of Harvard MBAs pulled down a record $160,268 in total first-year compensation. That starting sum, adjusted for the percentage of MBA graduates reporting sign-on bonuses and other guaranteed first-year compensation, represents a 3.6% improvement on the year-earlier total of $154,750. READ MORE
GE grants departing CEO severance. Here's what he will get
General Electric will pay former CEO John Flannery a $4.25 million cash severance over the next year, according to a securities filing. READ MORE
You can make $86,000 a year at this entry-level job
Your first job out of college could pay more than $86,000 a year depending on the field you're in. That's according to career website Glassdoor, which collected median local pay data from across the U.S. to determine which jobs offer the highest starting salaries to new grads. READ MORE
An economic mystery: Despite the hot economy, wages are barely growing, adjusting for inflation
You may have heard that wages are finally starting to go up — and they are. The latest number from the Bureau of Labor Statistics shows growth of more than 3 percent, the highest in almost a decade. READ MORE
Two Trump states are on the verge of raising their minimum wages
Voters in Arkansas and Missouri will decide Tuesday whether to significantly raise the minimum wage in their state. The two states, both of which went heavily for President Trump in 2016, offer a test case of whether there is appetite in solidly red states for a minimum wage above $10. READ MORE
Why we fail at grading our workers
The current system is broken: not only does it take up too much time and effort, it also is hobbled by bias. The time is now to fix this legacy system of the 1980s. READ MORE