Temporary job losses as a percentage of total job losses were 8 percent in July. Internal employment in direct hire was down 9.2 percent year over year in July and internal employment in executive search was down 12.9 percent year over year.
It is the first decline in five years, but companies are still willing to pay significant sums for directors with specialized expertise.
The challenge for HR and compensation professionals will be to figure out how to define risk and structure compensation in a way that makes sense, experts say.
The agreements with GM and Chrysler also limit overtime pay and supplemental unemployment, the sources say. Detroit Three and UAW officials are keeping mum until workers have an opportunity to vote on the provisions.
In many cases, the terminated employee may be paid commissions earned for the month of termination and not beyond.
For supervisors, managers, salespeople and others.
The size and amount of awards in incentive or bonus plans typically varies in a compensation budget from period to period based on company and/or individual performance results.
Are pay-for-performance programs good for the company or bad for morale?
Brief descriptions of the most commonly used 12-hour schedule types.