According to the Labor Department, the number of people out of work for more than 27 weeks increased to 2.4 million in September, an increase of 32.5 percent from the previous month. There are 4.9 million people who have been unemployed between 15 and 26 weeks....

On September 22, 2020, the federal Department of Labor (DOL) released a Notice of Proposed Rulemaking regarding rules for employers to follow when classifying a worker as an independent contractor or an employee under the Fair Labor Standards Act (FLSA).  This...

Viswanath PS, CFO, Randstad India, pointed out that companies can no longer afford to pay the salaries they used to because the pandemic has disrupted earnings. He cited a March report from Deloitte which found that nearly a fourth of companies surveyed had changed...

Fed Study: Wage growth an "illusion" that's "almost entirely attributable" to low-wage job losses "The median usual weekly earnings measure that we focus on here is not an exception. Other measures of wage growth — like average hourly earnings and compensation per...

Facebook, VMware, Netflix employees willing to trade pay for work-life balance and lower cost of living A new questionnaire on Blind found that 44% of professionals would accept a pay cut in exchange for lower cost of living and better work-life balance....

Milbank Paying Pandemic Bonus with 50% Boost for Some Associates Milbank has matched the pandemic-related associate bonuses handed out by Davis Polk & Wardwell earlier this week with a further 50% payout to lawyers who have worked extra long hours during the virus...

Mayo Clinic workers to recover pandemic-related salary cuts, get $1000 bonuses Mayo Clinic will pay back workers whose salaries were reduced because of pandemic losses, and allied health staff will receive a $1,000 bonus payment, according to the Post Bulletin....

Most Employers, Including Fls, Plan 2021 Salary Raises The 2020 General Industry Salary Budget Survey, conducted by Willis Towers Watson Data Services, found companies are projecting average salary increases of 2.8% for all employees next year, including exempt,...