Businesses often consider how to reward and retain top talent and incentivize productivity without offering equity, an ownership interest in the business. An executive deferred compensation plan allows an employer to supplement an executive’s base salary over a longer horizon—either after retirement or over a period of years. READ MORE
US companies rewrite bonus plans to prop up executive pay
Changes include ignoring bad months or switching metrics to blunt impact from pandemic READ MORE
Strike The Right Tone, Get The Right Compensation: Negotiation Tips For Executives
Even at the executive level, negotiating salary and job offer can be intimidating. You’re only human and it may feel uncomfortable to ask for what you want outright, but if you don’t successfully navigate that discomfort you will be undervaluing and underselling yourself. According to economist Linda Babcock of Carnegie Mellon, failing to negotiate your salary can lead to a loss of anywhere from $1 million to $1.5 million over the course of your lifetime. READ MORE
Redefining compensation strategies in the remote work era
In the new era of remote work, should companies localize employees' compensation based on where they choose to live? READ MORE
Is Your Executive Compensation Plan Undermining Your Mission?
New technologies have been disrupting business for decades, especially since the internet became widespread in the late 1990s. But a new wave of innovation, centered on artificial intelligence, big data analytics, and the internet of things, is now intensifying the pace and magnitude of disruption. AI-powered advances by themselves, according to a 2019 McKinsey study, could boost annual global GDP by $13 trillion, or an additional percentage point. READ MORE
The 25 best small companies for compensation, according to employees
It goes without saying that being compensated fairly is necessary when it comes to growing your career and being happy at work.
Other aspects of compensation, like adequate benefits and raise opportunities can make all the difference to employees. READ MORE
How to Calculate FLSA Overtime Pay
The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and child labor standards affecting full-time and part-time workers in the private sector and in Federal, State, and local governments. The FLSA applies to employers whose annual sales total $500,000 or more or who are engaged in interstate commerce. The law covers nearly all workplaces. READ MORE
Executives risk wealth loss as bankruptcies increase
When car rental giant Hertz filed for bankruptcy in May, it was just one of more than a dozen high-profile companies to become insolvent from the pandemic. As more companies join the list, executives who have a big portion of their retirement socked away in a nonqualified deferred compensation account could see much, if not all, of that money disappear. READ MORE
Managing Pay in the World of Remote Working
Did anyone hear the news this summer about yet another Silicon Valley tech giant announcing an extension of work-from-home arrangements for employees for at least another year? It’s not really surprising in the age of COVID-19. READ MORE
Fastest-growing jobs that pay over $100K
With the new college year underway, students will be seeking careers with a steady income. Stacker lists the fastest-growing jobs paying over $100,000, using 2019 data from the Bureau of Labor Statistics’ Employment Projections (released Sept. 1, 2020) and Occupational Employment Statistics (released March 31, 2020). READ MORE
“Lower-pay, higher-risk”: Coronavirus layoffs send middle-class workers down the economic ladder
From shattered career prospects to pay cuts and sudden shift work, the pandemic is forcing skilled labor and middle-class workers into lower wages and gig jobs. READ MORE
Inequality Exists Even Where Occupations Are the Same
Occupation is a big determinant of how much a person makes. But incomes can vary widely among workers of different sexes and races who do the same type of work. READ MORE
Key Issues in Managing Equity Awards in M&A Transactions
One of the most important issues that arises in any M&A transaction from a compensation perspective is the treatment of stock options, restricted stock, restricted stock units (RSUs) or other compensatory equity awards, whether vested or unvested, held by executives and other employees in the transaction. Below is a high-level summary of key issues to consider in managing equity awards in the transaction. Read More
Performance Management Must Evolve to Survive COVID-19
The COVID-19 pandemic has thrown performance management systems into chaos -- and the reactions have been telling. READ MORE #Performance Management
How To Design A Sales Compensation Plan That Rewards Performance And Boosts Revenue
In my 30-plus years as a sales executive and sales leadership consultant, I’ve identified a critical error most sales organizations make: not crafting a sales compensation plan that effectively motivates and rewards performance as it drives bottom-line financial results. READ MORE
Get Your Money's Worth From Your Total Rewards Package
A down economy is forcing organizations to make massive spending cuts, and total rewards packages are under scrutiny.
Total rewards packages can sway a job seeker but after that, they're just payroll costs -- and payroll accounts for 15% to 50% of a company's revenue. READ MORE
14 Tips To Better Align Sales And Marketing Teams
Sales and marketing teams are notoriously difficult to work together although they share the same ultimate objective of converting customers. In fact, one of the key elements that make a business successful is getting marketing and sales departments to share goals and ideals while working together to attain those objectives. READ MORE
Restricted Stock Awards? Two Key Strategies You Should Be Thinking About
Restricted stock awards are an increasingly popular form of executive compensation, but they do require a bit of maintenance to make sure one company does not dominate your investment plan. When your salary, your portfolio, stock incentives, and possibly even a pension all lay in the hands of one company, it is prudent to diversify, but many overlook the importance of creating a sound strategy. READ MORE
Possible Options for Participant Relief Under Section 409A Plans in the Time of Coronavirus
The coronavirus pandemic has caused widespread economic uncertainty and unanticipated liquidity issues for a wide range of individuals, including plan participants of nonqualified deferred compensation plans. In these precarious times, many employers are seeing an increase in requests from plan participants for immediate distributions of deferred compensation from their nonqualified plan accounts. READ MORE
The ghost of Milton Friedman will haunt the markets until companies fix CEO pay
Fifty years ago this week, the New York Times Sunday Magazine published an essay by the Nobel prize-winning economist Milton Friedman. The central premise of the Friedman Doctrine was that to continue to prosper, American business needed to stay globally competitive—and that required executives to focus only on profits and share price. He called for executives to ignore the distraction of the myriad social responsibilities that go beyond the legal minimum. READ MORE