Trust Is Key For Performance Management When Working Remotely
As the number of digital devices we use has risen, the blurring of boundaries between our work and personal lives have inevitably blurred, with the mass adoption of remote working during the COVID-19 pandemic shattering any divide entirely. READ MORE
What Is an 83(b) Election and Why Should Startup Founders Care?
A Section 83(b) election is a short, generally one-page document you send to the IRS to notify them that you wish to be taxed in connection with property subject to a "substantial risk of forfeiture" (more on this below) that you receive in exchange for services when you receive it, rather than when it vests. READ MORE
How has COVID-19 affected CEO pay?
In this new study, Equilar and the Rock Center for Corporate Governance at Stanford examine how COVID-19 has affected CEO compensation. Are boards focused more on making sure that CEOs have the right incentives to continue their jobs under trying circumstances? After all, in the case of the pandemic, the trying circumstances are not of their own making. Or are boards more inclined to focus on showing the public and other stakeholders, especially employees, that CEOs are "sharing the pain"? READ MORE
Best Practices & Considerations for Making Pay Equity Disclosures
Not too long ago, most organizations wouldn’t have dared to make a statement that could even possibly be read as implying women were paid less than men. Putting aside potential legal risks, making such a statement would likely have been a public relations disaster. But times have changed and corporate culture has moved with the times. How much you get paid has become water-cooler talk and organizations are voluntarily disclosing their pay gaps. READ MORE
‘Payroll Tax Holiday’ May Leave Employers Giving Money Back
President Donald Trump directed Treasury Secretary Seven Mnuchin in August to allow employers to temporarily suspend collection of payroll taxes from employees, saving the 6.2 percent of their income that goes toward Social Security. READ MORE
Replacing Pay with Equity to Preserve Cash in a COVID Economy
As pandemic effects linger, companies intent on avoiding layoffs are looking at compensating workers with equity in lieu of cash as part of their pay. READ MORE
Deferred Compensation Plans: Options and Considerations
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