Compensation and Benefits
Compensation and benefits topics – whether it’s minimum wage, workers’ compensation laws, or employee pay – if properly handled, can help you retain workers and recruit new ones.
Use our advice to craft independent contractor agreements that keep independent contractors – and your bosses – happy.
On average, 30% to 40% of an employee’s total compensation is wrapped up in benefits. Unfortunately, that information is often invisible to employees. The most effective way to make sure employees really know about the benefits you offer, their value and why they’re a great deal is to tell them face-to-face.
Curt Lansbery, CEO of North American Tool, couldn’t understand why his employees weren’t maxing out their 401(k) contributions, even though the company kicked in. Here's how he prompted employees to take action.
Under the Equal Pay Act, employers can set different salaries based on geographically distinct job locations. In other words, you aren’t required to pay a manager in New York City the same as one in a lower-cost locale, even if the New York manager is male and the manager in the other location is female. Plus, any differences in responsibilities can help justify the difference.
There's no sense in becoming a pack rat if you don't need to. While the legal requirements to retain records are complex, you're probably safe in dumping those 1984 vacation-day requests. Still, knowing which records to save or toss can be critical to your business, particularly in defending against a lawsuit.
Friction often exists between HR and supervisors because those front-line bosses don’t fully understand your HR role … and they may hold certain stereotypes about your department. Advice: Set the stage for HR-management collaboration with an “HR for managers” meeting. Explain how key HR functions practically benefit managers and their departments.
Telecommunications giant Verizon has agreed to settle a nationwide class-action lawsuit brought by its disabled employees. In all, the company will pay out about $20 million to employees who missed work for reasons related to their disabilities. The lawsuit, filed by the EEOC on behalf of disabled Verizon workers across the country, claims Verizon’s “no-fault” attendance policy violates the ADA.
While you may be the one hearing the cries of the underpaid, a majority of American workers (60%) believe they are paid fairly, says a survey of 1,000 U.S. workers by HR consultant Kenexa.
A new PricewaterhouseCoopers survey of 1,700 employers says employer health costs are predicted to rise 8.5% in 2012. Employers say they’ll lessen that burden by pushing more costs onto employees.
A full 87% of employers say they plan to continue offering employee health benefits as a result of President Obama’s year-old health care reform law, says a survey by the International Foundation of Employee Benefit Plans.
The nonpartisan California Legislative Analyst’s Office (LAO) has urged state lawmakers to consider rejecting some or all of six new collective bargaining agreements negotiated with state employee unions in March.