Incentive Pay

Expect ‘lawsuit tsunami’ in wake of Ledbetter Fair Pay Act

04/07/2009

On Jan. 29, President Obama signed the Lilly Ledbetter Fair Pay Act, which may be the most important change in anti-discrimination laws in decades. It applies to all pending compensation-related lawsuits, but limits back pay to two years. Employers can look ahead to many years of legal wrangling over the interpretation of the seven key words of the act: “a discriminatory compensation decision or other practice.”

Former Wachovia exec doing well at Wells Fargo

03/31/2009

Enough doom and gloom already! Here’s a feel-good story! Sure, the AIG bonus debacle has soured the financial world on retention bonuses, but one company is still offering stick-around cash. To be precise, Wells Fargo is paying a bonus to keep one particular employee.

The death of one-size-fits-all benefits: Tailor rewards to generational differences

03/26/2009

Nearly a third of HR professionals plan to alter their total rewards programs with generational preferences in mind, according to the new Top Five Total Rewards Priorities survey. That figure is likely to increase significantly in the future because the workforce is becoming more multigenerational—especially as older workers remain longer to rebuild their nest eggs.

Pay smarter: 4 comp trends for an awful economy

03/26/2009

The global financial crisis has stuck a pin in those rosy salary predictions from last summer. The trend in pay raises is down—but not out. About 75% of U.S. workers will see raises this year, but those raises will be the smallest in three decades, says a new WorldatWork survey. Some emerging strategies:

AIG isn’t the only employer with bonus problems!

03/24/2009

If, like many employers, you rely on a bonus plan to help retain valued employees and motivate them to work hard, don’t get caught in this common trap: Employees who worked overtime during the bonus-earning period will be entitled to additional overtime pay after they get their bonuses.

75% will get raises this year, but they’ll be smaller

03/17/2009

Remember those rosy predictions last summer about how big pay raises would be this year? Forget about it! The global financial crisis has stuck a pin in that cheerful pay balloon. Three out of four employees will get pay raises this year, but for some, those increases will be the smallest in three decades.

Stimulus law shakes up COBRA, other HR programs

03/09/2009

Amid the billions of dollars for roads and industry bailouts, the $789 billion American Recovery and Reinvestment Act of 2009 signed on Feb. 17 by President Obama includes a handful of important HR-related provisions. Comp and benefits pros must act immediately to comply with some of these provisions.

Must we pay overtime to telemarketers?

03/06/2009

Q. Historically, we do not pay overtime to our commissioned telemarketers. After all, they are paid strictly on commission, not by the hour. Some employees are now complaining that we are paying them illegally by not paying overtime for weeks in which they work more than 40 hours. Are they right?

New economic stimulus law will find HR working closely with accounting

02/20/2009

The politics of the economic recovery and stimulus bill President Obama signed on Feb. 17 have been the talk of Washington for weeks. Now get ready to figure out what it really means for business. Tip for HR pros: Plan on spending lots of time in the accounting department.

Survival-mode comp strategies could be good for business

02/11/2009

Smart compensation pros can use this recession as an opportunity to re-evaluate how they pay employees. Here are four recession-smart compensation strategies that you might decide to continue even after the economy rebounds.