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Compensation & Benefits

Tight labor market to drive higher pay in 2023

07/26/2022
Salary budgets for U.S. employees are projected to increase in 2023, mainly influenced by a labor market with more open jobs than people to fill them.

Consider trading telework for lower pay

07/26/2022
Asking employees to take a pay cut in exchange for the flexibility of working remotely could help you attract and retain workers while also reducing payroll costs. It’s a trend that is gathering steam according to a recent report by the National Bureau of Economic Research.

Biden’s White House will be first to pay its interns

07/19/2022
To determine if interns should be paid, the Department of Labor and the courts have used a primary-beneficiary test, which looks at who benefits most—the employer or the intern.

Friday wrap: The ghosts of pandemic relief rise again, DOL wants to know about long covid and more

07/15/2022
Payroll news you can use, from pandemic relief repayment to long covid—to working for the IRS!

Survey: HR pros concerned about effects of inflation

07/14/2022
Inflation and its effect on employees and their organizations’ compensation strategies is a significant concern for 73% of HR professionals polled earlier this month by the Society for Human Resource Management.

Consistent participation key to retirement fund growth

07/13/2022
Remind employees that the recent stock market downturn isn’t a sign to curtail investing in their retirement funds. Smart investors take the long view, confident that markets rebound and lead to wealth growth.

More of your employees can now use Labor Department’s Timesheet App

07/05/2022
The U.S. Department of Labor’s Wage and Hour Division on June 30 launched an Android-compatible app to help employees track work hours, break time and overtime hours and calculate how much they should be paid.

Learn from Google’s $118 million pay-equity lesson

06/30/2022
Many employers regularly conduct equity studies to make sure their pay policies don’t discriminate based on gender, race or other protected characteristics. It’s considered a best practice to outsource those studies in order to blunt criticism that an internal review wasn’t thorough or accurate.

New overtime rules due in October, likely raising salary threshold to $50K

06/28/2022
According to the Biden administration’s regulatory agenda, released June 21, the DOL’s Wage and Hour Division plans to float a notice of proposed rulemaking concerning executive, administrative and professional exemptions from the Fair Labor Standards Act’s minimum wage and overtime requirements.

70% of retirees have regrets about retirement savings

06/28/2022
Seven out of 10 retirees wish they had saved more for retirement during their working years and would advise their younger selves to sock away more and seek expert financial advice, according to a new survey by the Employee Benefit Research Institute.