Neither Pay nor Performance

Section 953(a) of the Dodd-Frank Act[1] requires the Commission to adopt rules mandating public companies to describe clearly the relationship between compensation the company actually paid to its executives and the company’s financial performance.[2] Today’s rulemaking will elicit costly, complicated, disclosure of questionable utility. Accordingly, I am unable to support this rule. READ MORE

How Much Does the President Make? US Presidents’ Salaries During and After Office

The office of the President of the United States is arguably the most important job in the country. Compared to the salaries of executives of Fortune 100 companies, however, it may appear that the compensation doesn’t keep up. While it’s true that the president’s salary is modest, there are other perks that go along with the job, and it often leads to far greater earnings after the term has ended. READ MORE

SEC Adopts Pay Versus Performance Disclosure Rules

The Securities and Exchange Commission today adopted amendments to its rules to require registrants to disclose information reflecting the relationship between executive compensation actually paid by a registrant and the registrant’s financial performance. The rules implement a requirement mandated by the Dodd-Frank Act. The Commission proposed pay versus performance disclosure rules in 2015 and reopened the comment period on the proposal in January of this year. READ MORE

Setting Your Equity Compensation Strategy

Once you’ve decided to take your company public, building an equity compensation strategy is a top priority.

"Whether to provide some form of equity-based compensation is a critical decision a company can make as it develops its plan to go public," says Andy Welt, SVP and broad based rewards practice leader with Fidelity Workplace Consulting. 

Setting a compensation strategy and pay philosophy isn't just important — it can be complex. Here are key considerations executives should keep in mind during the process. READ MORE

How employers are rethinking salary, benefits as turnover continues

Although rising inflation and the changing economic climate are causing some employees to worry about job security, employers for the most part are still experiencing turnover and sweetening the compensation and benefits pot to hang onto their workers.

A new survey of more than 4,000 organizations from consulting firm Gallagher finds that employers are turning to pay increases as well as more diverse benefits to capture the interest of current and potential workers. READ MORE

How to Answer, ‘What’s Your Expected Salary?

When you’re asked, “What is your expected salary?” it’s not a trick question—it’s a real one. And the answer to that question depends on who you are, what you do, and how much money you want to make.

Do you know how to answer the question “what is your expected salary?” If you’re like most people, you’ll probably say something along the lines of “I don’t know.” READ MORE

OFCCP Revises Recent Pay Equity Directive

On August 17, 2022, the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) issued a revised Directive 2022-01, “Advancing Pay Equity Through Compensation Analysis,” in which the agency seeks to address concerns implicated by Directive 2022-01, issued only five months earlier, regarding the extent to which OFCCP would respect the attorney-client privilege when auditing contractors’ compliance with their obligation to annually perform compensation analysis. READ MORE

How to Help Employees Understand Their Total Compensation

With an estimated 37.4 million people expected to quit their jobs this year according to Gartner, it’s no wonder that turnover tops the list of concerns for business owners.

Naturally, many employers are curious about what will make employees stay. Some job jumpers want a higher salary, others want work-from-home flexibility and better benefits. But before the list of creative solutions grows any longer it’s also important for companies to take inventory of what is already being offered in addition to salary. One way to show employees how much they are valued in your organization is with a total compensation statement. READ MORE

You may soon be asked to take a pay cut to keep working from home

Many workers enjoyed a better quality of life plus savings on commuting, office wardrobe and other expenses. Companies boosted productivity and lowered costs.

Now as remote work looks likely to survive in some form for the foreseeable future, a battle is starting to brew over who should pocket those savings, with some employers arguing that working from home is a benefit that should be offset by lower salaries. READ MORE

Organizations Are Offering Higher Base Pay for Sales Roles

Amid a tight labor market, sales talent is an especially valuable asset, and organizations are implementing several compensation measures to attract and retain them.  

WorldatWork’s 2022 “Sales Compensation Programs & Practices Survey” revealed that 50% of organizations have offered higher base pay for sales roles and 39% have increased incentive opportunities, with 22% of organizations doing both. READ MORE