Men’s and women’s NCAA basketball referees were paid equally at this year’s March Madness tournaments. While this remains big milestone for the sport and pay equality, referees across NCAA sports are still not paid equally throughout the regular season. READ MORE
What HR needs to know about the growing push for pay transparency
The Great Resignation has prompted many employers to explore why their workers are leaving in droves. One recent survey suggests a major driver of the exodus could be frustration and misunderstanding around pay—news that comes amid a growing push for pay-transparency laws at the state and federal levels. READ MORE
State employee received $185,000 despite not working for 4 years
A custodian with the California Department of General Services collected $185,000 in pay and benefits between 2016 and 2020 despite not showing up for work during much of that period, according to an investigative report from the California State Auditor's Office that was published last week. READ MORE
After Colorado enacted a salary transparency law, job listings dropped—but employment went up
Early data suggests more people want to find work in Colorado now that employers are required to list salary ranges on job postings.
That’s even despite a drop in job openings within the state, according to new research from Recruitonomics, a site that analyzes labor market data. READ MORE
A Deeply Flawed CEO Pay Analysis
The Wall Street Journal has just published an article exploring the connection between pay equity and management effectiveness at big U.S. corporations. The co-authors are affiliated with the Claremont Graduate University’s Drucker Institute, named after Peter Drucker, the widely renowned father of modern business management theory and a champion of “enlightened capitalism” for decades before his passing in 2005. READ MORE
North American boards lag on executive pay ESG links
Far fewer boards at companies in North America are linking their executives’ compensation to ESG than are their peers in Europe, according to new research. READ MORE
What An MBA Employment Report Won’t Tell You
When it comes to reporting compensation, business schools have become highly conservative. You’ll find the average or median starting salaries of their graduates and sign-on bonuses. But one important element of pay that is largely invisible is equity awards, either in the form of restricted stock or stock options. READ MORE
Compensation costs for private industry workers up 5.5 percent from June 2021 to June 2022
Compensation costs for private industry workers increased 5.5 percent from June 2021 to June 2022. Wages and salaries rose 5.7 percent over this period, while the costs of benefits increased 5.3 percent. For state and local government workers, compensation costs increased 3.4 percent from June 2021 to June 2022. READ MORE
Employers rethinking compensation, reward programs as competition for talent continues
North American employers are reevaluating their employee compensation strategies as they struggle to find and keep employees in several key areas.
Two-thirds of employers have increased hiring activity in 2022, according to the WTW 2022 Mid-year Compensation Survey. However, about the same percentage of respondents are having difficulty attracting and retaining employees with digital skills and professional employees, and more than 60% are having problems hiring and keeping hourly employees. READ MORE
Startups have to pay back all that equity compensation someday
Wall Street's lavish bonuses are getting slashed
Last year was a busy, chaotic one on Wall Street. Mergers, acquisitions and new stock listings were going a mile a minute, underpinned by a generally jolly mood. The economy was bouncing back. Vaccines dimmed the risks posed by Covid. Money was essentially free to borrow. There was a war for talent among banks. Champagne for all! READ MORE
Workers in these two industries are the only ones coming out ahead right now
At first glance, it looks like many Americans got big pay raises since the Covid-19 pandemic started.
But in reality, only workers in two industries -- leisure and hospitality and retail trade -- are actually coming out ahead, once inflation is taken into account. READ MORE
CEO reward: Cash or stock?
The issue of chief executive officer compensation is such a headline grabber globally. Every year financial journalists across the globe publish a list of top-earning CEOs. And Kenya is not spared.
But often the missing conversation is whether they deserve those hefty compensation packages. The answer, usually, lies in measuring whether the compensation is commensurate with overall company performance. Take Kenya Airways, for instance. READ MORE
Surprising Applications of U.S. Golden Parachute Rules in Cross-Border Transactions
The “golden parachute” excise tax regime under Internal Revenue Code Sections 280G and 4999 (“Section 280G” and “Section 4999”, respectively) is at the core of both public and private U.S.-based transactions. While often overlooked, it is crucial to remember that the issues raised by Sections 280G and 4999 can – and do – apply to transactions that do not have a clear U.S. nexus. Careful attention should be paid to golden parachute considerations in any cross-border, non-U.S. transaction if a non-U.S. corporation at any level of the transaction structure (1) employs a U.S. taxpayer or (2) takes a U.S. compensation tax deduction. READ MORE
Recruiting Strategies and Compensation Trends
It’s no secret that job seekers hold the upper hand in the labor market. Companies that don’t adjust their recruiting and retention strategies accordingly will be left behind. Robin Pinkley, an organizational behavior guru at SMU and founder of the M2M Center for Profitable Negotiation, says workers want their employers to feel like a club they want to join. Here, she shares 10 strategies for how employers can best compete. READ MORE
The cost of competing: An equitable compensation strategy
It seems everyone is talking about employee compensation trends right now, and for good reason. The upheaval created by COVID-19 generated an incredibly competitive job market, and job candidates are calling the shots on their compensation and benefits expectations. With the cost of living rising in the current economy, staying competitive with compensation has become all the more challenging. READ MORE
ESG And Executive Compensation: Why The Right Metrics Matter
Executive compensation is one of the most powerful instruments companies have to align directors' interests to company performance, to hold them accountable for their executive decisions, and to communicate strategic priorities to stakeholders. The inclusion of the say on pay vote in many markets globally has forced investors to take a more active role in tackling remuneration concerns, such as overly complex remuneration structures, inadequate performance metrics and excessive pay-outs. As such, executive compensation is a top agenda item for those who are advocates for good corporate governance and seek to foster changes in pay structure through active ownership. READ MORE
To Stem Turnover, Employers Favor Higher Salaries and Remote Work
What are businesses doing to retain finance and accounting staff and make job offers more appealing to candidates when they have open positions?
Both can be a challenge. In the spring CFO Survey from Duke University and the Richmond Federal Reserve Bank, three-quarters of CFOs responding said the talent shortage was impacting revenue, and about half indicated it was constraining both revenue and full-capacity operations. READ MORE
Should You Be Paying Overtime to Your Office Staff?
Office workers who perform receptionist, secretarial, and other administrative tasks often are incorrectly classified as exempt from overtime pay because they receive a salary and have job titles such as "executive assistant." However, such employees will not necessarily be found exempt from the requirement to pay overtime merely because they receive a salary, perform important administrative duties, and hold impressive job titles. Clerical and administrative employees often do not have sufficiently high-level positions or perform primary duties that meet the "administrative employee" exemption. And misclassification of these employees as exempt can result in costly claims for non-payment of overtime. READ MORE
It's been 13 years since the U.S. raised the minimum wage
As Americans grapple with the stiffest inflation in 40 years, many workers may ponder another milestone today: It's been exactly 13 years since the last time the U.S. raised the federal minimum wage.
That's the longest time the baseline wage has stayed flat since the nation first implemented a minimum wage during the Great Depression. READ MORE