Salary disappointment is common across employees all over the world. As per a survey by Indeed, only 19% of employees in USA are satisfied with their current pay and 60% of those surveyed would want an extra $6,000 a year…
Wages, Pay, & Salary
Your Hourly Workers May Be Stealing From You
Every day, thousands of hourly employees are stealing from their company. They are not literally stealing money, but getting compensated for work they didn’t actually do. Time theft does not stem from the modern workplace. It may have existed ever…
Stop Making Comp Offers Like a Car Buying Negotiation
In today’s incredibly tight labor market, it’s harder than ever to attract top notch talent. The majority of candidates are interviewing with (and receiving offers) from multiple companies. Counter-offers are more common, time to hire is increasing, and offer acceptance…
Comp Guide for a Small Company: Why You Need a Salary Survey
Note: This is the second in a 4-part series on compensation practices for small companies. In this series Margaret O’Hanlon shows how a small company typically deals with compensation, discussing each of a few key practices and what problems these…
What’s Your Real Pay? Hint: You’re Actually Losing Ground
The Q2 2018 PayScale Index showed wages declined 0.9% in comparison to Q1 2018. The PayScale Real Wage Index, which measure wage growth in relation to inflation, dropped 1.8% over the last quarter – the biggest decline in seven years….
When They Wear Two Hats, How Do You Decide Pay?
The competitive market pricing of jobs for an organization is relatively straightforward when looking at common benchmark roles – the ones that you can find in almost any organization. Administrative assistants, financial analysts, receptionists, help desk technicians, coordinators, etc. are…
Your Pay Program Has a Big Mouth
You have a not-so-silent partner in your compensation communication efforts. That partner? Your pay program itself. That’s because compensation itself is a powerful communication tool. In fact, everything we do in compensation is communication, so it’s critical that we consider the messages…
Why Does It Take You So Long to Pay Your Gig Workers?
With the rise of the gig economy and a wider swath of Americans defining work on their own terms, the assumption of slow payments isn’t as safe as it once was. Gig workers — the independent contractor crowd — are…
Instant Pay: A Trend That’s Helping with Recruitment, Retention
A startling 78% of full-time workers say they live paycheck to paycheck. It’s this trend that sets in motion a spiral into financial stress that includes overdraft fees, late bill fees, high-interest debt, and more. Which is why the ability…
Don’t Wait For December, Pay Bonuses Year Round
If you’re like most companies, you probably already give annual bonuses to thank and reward people for their work throughout the year. Except, there’s a problem: A yearly bonus isn’t always the best way to do that. For starters, it’s…
Help Your Employees to Have a ‘Line of Sight’ to Goals
Incentives remain one of the most powerful, and yet also one of the most misapplied, management tools out there. While research has shown that group incentives can deliver significant return on investment (CARS research showed a median plan ROI of 134%…
Keep Your Rock Stars Without Busting the Budget
Here’s a thought bubble: Say you have a “rock star” employee, highly satisfied with his/her job, who came in young and hungry, growing into a superstar over several years with incremental raises, and one day gets woke to the fact they’re…
The Gender Pay Gap Is Also an Opportunity Gap
The current business climate has created a new focus, and even spurred new laws aimed at achieving equal pay, but not enough progress has been made. PayScale’s new research found that the gender pay gap still persists into 2018. Looking…
What You Need to Know About Massachusetts’ Updated Pay Equity Law
Back in 1945, Massachusetts became the first state in the country to pass an equal pay law. But despite its efforts, the gender pay gap unfortunately persisted. According to Mass.gov, women working full time in Massachusetts earn, on average, about…
California Court’s Worker Classification Ruling Has Broad Implications for Gig Workers
A three-part test announced Monday by the California Supreme Court has far-reaching implications for who in the state can be classified as an independent contractor. The 7-0 decision in a case brought by drivers working for a delivery company squarely…
Disclosures Show Median Pay at Public Companies Higher Than Thought
In the aftermath of the financial crisis in 2010 Congress enacted a law requiring public companies to identify the compensation of their median-paid employee, compare that to the CEO as a ratio, and disclose it each year. As noted by…
Your Merit Pay Program Has a Fatal Flaw
It’s likely that your pay-for-performance program has a fatal flaw built into it; an inadvertent side effect of the design that, if ignored by management will almost certainly guarantee failure. But no one wants to talk about it. Instead, what…
New Tip-Sharing Rules for Tipped Employees
On March 27, 2018, President Donald Trump signed into law Congress’s $1.3 trillion, 2,232-page omnibus budget bill, the Consolidated Appropriations Act, 2018. Notably, on page 2,025, Congress amended the Fair Labor Standards Act by addressing rules affecting tipped employees and…
5 Reasons Why Working Too Many Hours Is a Bad Idea
24-year-old copywriter Mita Diran’s last Tweet, several hours before she lapsed into a coma and died. One thing most millennials figure out faster than workers of older generations is that work/life balance isn’t just important, it’s crucial. While exceptions like Miss…
With Workers Coming In From the Sidelines, Hiring Could Get a Little Easier
If there’s one thing you can count on in a conversation with talent acquisition leaders, it’s hearing how hard it is to hire people. Last week, at the spring ERE Recruiting Conference, anytime two people would get together, the talent…