Deloitte Services to pay $275K to settle claims it underpaid women in tech services

Pay parity — and the lack thereof — has emerged as a hot button issue in employment and employer culture. Employers can undertake various analyses to examine the issue. Controlled audits, for example, account for factors including job title, industry, job location, education and experience, WorldatWork's Director of Executive Compensation Strategy Sue Holloway previously told HR Dive in an interview. When these factors are taken into account, pay inequity gaps may still exist, but they will likely be smaller than an uncontrolled analysis would produce. READ MORE

Compensation-related considerations for the 2021 proxy season

Companies poised to enter into the upcoming annual report and proxy season should start disclosure preparations early in order to address the complexities that will have inevitably resulted from an unprecedented 2020. In particular, companies will need to take proactive steps to evaluate the impact of the COVID-19 pandemic on executive compensation, the role of new human capital management disclosure requirements and continued focus on diversity and inclusion, knowing that this year’s disclosures are likely to be heavily scrutinized by investors, proxy advisors and other stakeholders given the volatility and ethos of the preceding months. READ MORE

Executive Compensation in 2021: The Most Important Thing Private Companies Should Do Now

If the Covid-19 pandemic has caused unemployment to rise sharply, it has also created unique opportunities for companies to attract top talent that may have not been available before the crisis. Compensation is one of the most strategic tools companies have at their disposal to attract top-notch talent, retain best-performing executives and motivate the leadership team to achieve their objectives. And under the current climate, your talent strategy is critical to your success. READ MORE

Commission-Only Compensation Plan Fails California's Salary Basis Test

Under California law, employers must pay their employees overtime rates unless an exemption applies. One such exemption, the “administrative” exemption, excludes from state overtime requirements an employee primarily engaged in certain exempt duties who earns a monthly salary equivalent to no less than two times the state minimum wage for full-time employment (the “salary basis test”). READ MORE

Florida is voting on whether to raise the minimum wage to $15

At 7 a.m., Alex Harris finishes up the overnight shift at a Waffle House in Tampa, Florida, where he makes $5.54 per hour. Instead of going to sleep, he drives to his second job at his dad's landscaping business where he works until 5 p.m. Then, he has about four hours to sleep before he's back at Waffle House for the overnight shift. In an average month, he'll make about $1,300 — barely enough to cover his rent and utilities. "If I'm hungry, I just wait until I get to work," he says. READ MORE

Stock compensation reporting may be misleading

PVSAs are essentially cash bonuses in the form of stock awards. "The companies tell the CEOs, ‘I’m going to pay you in stock, but the number of shares you get is going to be based on how well you perform,'" says Pawliczek. "By doing this, the company is combining the two forms of performance-based pay — cash bonuses and stock awards — that have been most prevalent in the last 20 to 30 years." READ MORE

CFO compensation less than half of CEO pay, study finds

"Reductions in executive pay have been necessary across sectors and industries in order for companies with pinched cash flow to keep financially viable, but also to reinforce a sense of solidarity with employees outside the C-suite," Judy Canavan, Managing Director of BDO's Global Employer Services, said. "With ever more scrutiny on executive pay, companies that have eschewed making compensation changes at the C-level may face blowback from stakeholders and employees during what is an already volatile and unstable time." READ MORE