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.
One of the Container Store Group’s “foundation principles” is “1 = 3”—one great employee equals three good ones when it comes to productivity. And the 63-store chain only hires about 3% of all who apply. Then, it pays them 50% to 100% more than its competitors, and spends at least 260 hours training each new employee.
Condé Nast, publisher of The New Yorker, Vogue, GQ and 26 other magazines, has stopped offering unpaid internships following legal fallout from 2012’s “Black Swan” lawsuit.
Managers at PwC offer training, flexibility and recognition as rewards for good work. Here’s how the professional services firm pats its employees on the back.
Here’s another sign that, while the economy is generally improving, flush times can still be elusive for individuals. Fully 35% of people who voluntarily or involuntarily left their jobs last year cashed out their retirement savings instead of keeping their money in tax-advantaged accounts.
The Motley Fool tells applicants they are applying for the best job they’ll ever have, touting its flexible work schedules, competitive salaries, employee benefits and friendly work environment. Here are some of the “foolish benefits” offered by the Alexandria, Va., personal finance publisher.
Paying employees for break time—or not paying them—is one of the trickiest aspects of wage-and-hour law compliance. Know your obligations!
Q. Our employee handbook states, “If you do not return a piece of property we will withhold from your final paycheck the cost of replacing that piece of property.” One of our employees recently quit on the spot. My boss wants to almost double the actual replacement cost of the item. Can we do this?
A Commonwealth Court has ruled that a veteran professional chicken catcher’s bad attitude was reason enough to deny him unemployment benefits. The man was fired from his job of five years with B&B Catching Services in Northumberland County for persistently squawking about what he perceived as a stingy 2012 holiday bonus.
Q. If our organization offers voluntary employee training, which takes place during lunch, do we have to pay employees for the time spent attending training?
Each new hire at CPA giant Plante Moran is assigned an experienced “buddy” to show him or her the ropes—and a team partner tasked with helping the newbie achieve personal and professional career goals. An employee committee researches and recommends programs and policies that promote work/life balance.