Compensation

Dozens Rally for Parity at Equal Pay Day Chicago Event

A director at nonprofit Women Employed explains the significance of Equal Pay Day and how employers can address pay inequities within their own organization.

Women Employed is one of the nonprofits that supported Equal Pay Day this year, and one of its directors, Sharmili Majmudar, explains the significance of the day and how employers can address pay inequities within their own organization.

Save Money on OT Payments With the Fluctuating Workweek

An employer has two choices in how to pay overtime to a salaried nonexempt employee: by a fixed workweek or by a fluctuating workweek.

In my never-ending quest to show you how many different ways you can screw up paying your employees under the federal wage and hour laws, today I am going to talk about how to properly calculate overtime payments for salaried, nonexempt employees. An employer has two choices in how to pay overtime to a salaried nonexempt employee: by a fixed…

Employee Blues Can Be Cheered By More Green, Survey Finds

While performance management plays a vital role, compensation drives employee satisfaction.

An unhappy employee can be an unproductive employee. Based on a recent survey by jobs website Indeed, only 19 percent of workers are satisfied with their salaries. Some experts believe compensation is at the root of their dissatisfaction, but the issue could lie somewhere else. Ken Abosch According to Ken Abosch, broad-based compensation and development leader for Aon Hewitt, having…

Can You Pay Your Employees in Bitcoin?

Bitcoins do not have a set value. Their value is based solely on global exchanges, and depends on how it’s bought and sold online.

“What is bitcoin? I don’t understand how fake money works.” These were the words of my 9-year-old last week. Let me try to help him, and you, out. Bitcoin is not fake money. It’s digital, or virtual, currency, created in 2009 by an unknown person using the alias Satoshi Nakamoto. It’s used for online transactions — some legitimate (Microsoft, Overstock), and…

Talent10x: Which City Will Win Amazon’s Second Headquarters?

Talent10x hosts discuss Amazon's list of 20 finalists to house its second North American headquarters. Which company do they think will win the bid?

Workforce’s Rick Bell and Talent Economy Managing Editor Frank Kalman discuss Amazon’s list of 20 cities in contention to land its second North American headquarters. Plus, the pair talk a rise in workplace suicides, Apple’s bonus and more on this episode of the Talent10x podcast. Listen here or subscribe to Talent10x on iTunes, Stitcher, Google Play or Tunein. This podcast originally appeared on Workforce‘s sister publication, Talent Economy.

Walmart (Yes, Walmart) Has Now Done More for Worker Rights Than the U.S. Government

The retail giant has officially moved the needle on both minimum wage and paid family leave.

Earlier this month, Walmart announced sweeping additions to how it compensates its employees. Effective 2/17/18, it will raise the minimum starting wage for all hourly U.S. employees to $11. It is offering a one-time, $1,000 bonus to all full- and part-time U.S. employees. It is expanding paid maternity leave for all full-time employees to 10 weeks, and paid parental leave to six…

Talent10x: Is It Still Better to Work at Big Companies?

Hosts Rick Bell and Frank Kalman discuss a new study showing the upside of working for a large company rather than a small one isn't what it used to be. Plus, Wal-Mart gives out raises and bonuses.

Workforce Editorial Director Rick Bell and Talent Economy Managing Editor Frank Kalman dive into a study showing that the pay premium workers used to receive compared to their small-company counterparts isn’t what it used to be. Plus, Google finds itself wrapped up in two lawsuits — one arguing the company discriminated against white conservative men, and another arguing it discriminates against women. Finally,…

Despite Pay Hike, CHROs Still Trail Fellow C-Suite Execs’ Salaries

Median compensation for top HR executives at public companies hit $1.7 million in 2016, according to a new report.

First the good news. Median pay for chief human resources officers at publicly traded companies in the United States rose in 2016 for all but top executives at the very largest companies, a possible reflection of HR’s more strategic standing of late, according to a new report. Now the bad news: pay for CHROs remains far below total compensation for…