The Golden Ratio for Choosing Compensation Software
This is our first entry in a four-piece series entitled Rethinking Compensation’s Role in the HR Suite. This article is about the Golden Ratio of Compensation and why organizations should consider it when shopping for an HR software suite.
Why Compensation Professionals Still Love Excel
Why Compensation Professionals Still Love Excel by David Creelman It’s popular and easy to criticize Excel. Spreadsheets are prone to human errors, labor intensive, and difficult to use...
How to Deal with Wage Inflation in an Unstable Environment
How to deal with wage inflation in an unstable environment By David Creelman Many organizations are finding it challenging to hire the workers they need in today’s inflationary economy. This puts...
Equity or Fairness?
This is an article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. You can catch up on our previous discussions by clicking...
How Compensation Managers Should Approach Automation
This is an article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about compensation automation. You can...
A Risk Management View of Incentive Plans
This is the sixth article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about risk management in...
Does Your Salary Adjustment Letter Look Like a Lawyer Wrote It?
This is the fifth article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about salary adjustment letters....
The Truth About Paying Remote Workers
This is the fourth article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about paying remote workers. To...
How Inflation Can Make Compensation Planning Easier
This is the third article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about inflation and compensation...
Rent Outpaces Wage Growth In Most Major US Cities
COMP NEWS - A recent survey has shown that rent increases have been outpacing wage growth in most major US cities. According to a recent analysis by Zillow Group Inc. (Nasdaq: Z), rents in most major US metropolitan areas have risen approximately 1.5 times faster than...
Massachusetts Top Court Hears Challenges to Gig Worker Ballot Measures
COMP NEWS - Massachusetts' highest court is addressing provisions that would change the nature of employment for workers on gig-based apps like Uber and Lyft. BOSTON, May 6 (Reuters) - Massachusetts's highest court on Monday weighed whether ballot proposals that would...
Buc-ee’s Ranks Fifth in U.S. Study of Highest Entry-Level Retail Wages
COMP NEWS - A new salary survey shines a positive light on Buc-ee's, the supermassive convenience store and gas station chain that ranks fifth in entry-level retail salaries. Buc-ee’s comes in first place worldwide for the size of its convenience stores and length of...
3M Returning Nearly $1M in Back Wages From Unauthorized Paycheck Deductions
COMP NEWS - Multinational conglomerate 3m agreed to pay nearly $1 million in back wages to its employees after a civil investigation from the Minnesota attorney general's office found unlawful deducations. Maplewood-based 3M overpaid thousands of employees and then...
The U.S. Added 192,000 Jobs in April As Wages Rose 5 Percent
COMP NEWS - New data from the ADP National Employment Report paints a positive future for employment, as over 192,000 jobs were added last month along with an overall 5% bump in annual pay. Private sector employment increased by 192,000 jobs in April and annual pay...
Major Consultancy Company Cuts Bonuses for Employees Working From Home
COMP NEWS - Tata Consultancy Services, a major consultancy company out of India, is slashing workers' bonuses if they refuse to come into the office five days a week. Tata Consultancy Services, the main arm of Indian industrial giant Tata, is reportedly clamping down...
Minnesota Supreme Court Says Workers’ Comp Can’t Cover Medical Marijuana
COMP NEWS - Minnesota workers recovering from a workplace injury will not be able to use medical marijuana on workers' comp, the state's Supreme Court has ruled. MINNEAPOLIS (AP) — Workers’ compensation for injured employees doesn’t cover medical marijuana because the...
Survey: Job Seekers Want Good Culture, Remote Work and Better Benefits
COMP NEWS - Nearly fifty percent of job seekers say that finding a healthy work culture is their top priority when gauging a new job opportunity, according to new survey data. Despite layoffs and economic uncertainty causing many employees to consider staying put,...
The FTC Officially Bans Non-Competes for Most Employees
COMP NEWS - The Federal Trade Commission has voted to ban non-compete agreements, a monumental decision that could shake up the U.S. labor market when the ruling goes into effect later this year. The Federal Trade Commission (FTC) voted to ban non-compete agreements...
Georgia Lawmakers Fine-Tuning Bill to Raise Pay for Teachers, State Workers
COMP NEWS - The George Senate is gearing up to pass a budget bill that would raise pay for public school teachers and state employees, but the final details must be passed by Thursday - the day the state's 2024 legislative session ends. ATLANTA (AP) — The Georgia...
Software Engineer Pay in Financial Services Revitalized by Big Bonuses
COMP NEWS - Software engineers working in the financial services sector saw big bumps in their bonus compensation in 2023. After a disappointing year for technology pay in finance in 2022, it seems that last year marked a return to form. Our salary and bonus report,...
Workers No Longer Feel They Can Retire in Their Mid-60s, Survey Finds
COMP NEWS - Fewer and fewer workers believe they'll be able to retire in their mid-60s, according to a new survey. Most U.S. workers at mid- and large-sized companies lack confidence in their ability to retire within the age range — typically 65 to 67 years of age,...
US Regulators Considering Bonus Limit for Wall Street Execs
COMP NEWS - U.S. banking regulators are considering reviving a measure that would force big banks to cut their executives' bonuses when their banks underperform. April 19 (Reuters) - U.S. banking regulators are planning to revive a proposal that would require big...
Delta Air Lines, Facing Another Union Attempt, Raises Flight Attendant Pay
COMP NEWS - Delta Air Lines is raising pay for its nonunion employees, just as unionization talks heat up yet again for the airline carrier. Delta Air Lines, the most profitable U.S. carrier, is raising pay for nonunion employees as it gets ready for another attempt...
