We are in the process of contemplating lifting our current wage freeze for 2010. The issue is that our employees have staggered review dates. What is the best way to lift the wage freeze equitably so that is fair to all employees?
Changes to salary structures to account for changes in cost of living and other factors aren’t expected to top 2 percent, according to The Conference Board’s survey. That’s below the board’s forecast of a 2.6 percent inflation rate.
A survey firm official says the public often thinks of bonuses as a ‘four-letter word,’ but points out the bonuses are based on performance.
The proportion of workers’ compensation medical costs subject to physician fee schedules is declining, a report finds.
The Pension Protection Act of 2006 requires defined-benefit plans to be fully funded by 2011. Because of the financial crisis, Congress eased the law’s original funding requirements in 2008. But each year, companies still need to meet specific funding levels until plans are 100 percent funded in 2011.
Compensation costs accounted for 40 percent of the bank’s revenue last year—down from the traditional 50 percent. The average ‘wealth manager,’ for instance, made $337,000 versus $448,000 in 2008.
Accidents occurring during coffee breaks for off-site employees are equivalent to those suffered by on-site workers and ‘are minor deviations from employment which permit recovery of workers’ compensation benefits,’ the court ruled.
A new landmark pay records investigation documents rampant wage-and-hour law violations that translate into wage theft of 15 percent of earnings, or a labor cost advantage of 15 percent for employers that violate the law—more than enough to undercut competitor companies.
One reason for the improvement in funding in 2009 is higher corporate bond yields, which have reduced pension plans’ liabilities, a company executive says.
The teacher’s employer, the self-insured city of Peabody, Massachusetts, sought to deny medical benefits for a 2004 shoulder injury, arguing it occurred while the teacher voluntarily participated in a recreational activity, court records in Karen Sikorski’s Case show.